OSIM uPilot OS-7600

IIPM Programme :- SUPERIOR COURSE CONTENTS

Technical Specification

Power Supply: AC 110V 60Hz; AC 220V 50Hz, AC 220V - 240V 50Hz; Power Consumption: 170W; Vibration: Backrest and Footrest; Reclining Angle: 120 to 170 degree;
PRICE: Rs.3,69,000 without taxes;
WARRANTY: 1 year

The uPilot is more than just a ‘Massage Chair’ as it not only delivers the most personalised (ROBO stic technology) and deep therapeutic massage (3D Massage) but also promises pleasure to the aesthetic senses of the user. What’s best, it blends into the contemporary interiors with an artistic appeal. In fact its termed as the ‘World’s First Designer Massage Chair’ and it comes in an astonishing colour range of red, beige and black. Says Munish Bhalla, CIO, OSIM India, “The differentiation comes from ROBO stic technology which takes the massage experience to the next level as it gives the user full command over the position, intensity, speed and action of the massage hence delivering an exhilarating experience of rejuvenation and relaxation and 3-D Massage which accentuates the massage effect with enhanced protrusion of the rollers.”

Marketers’ delight: The artistic design and superior technology makes it a beautiful and easy product to market.

Tester’s note: Pros – Well-designed and provides great therapeutic massage. Con – Not a pick for the middle class as it falls in the high price range.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Now IIPM's World-Class Education... for everybody!!
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
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the birdies that passed them by!

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

Too much security is a certain route to doom, and S&Ls learnt this basic truth the hard way, but not soon enough. But did America truly put the past behind it?

As said by an unknown (and most likely frustrated) philosopher, “The best way to rob a bank is to own one.” Deliberate frauds and intentional risky investments by the ‘Gucci–clad white collar criminals,’ made the Savings & Loans (S&L) institutions head towards America’s biggest and most scandalous financial crisis since the ‘Great Depression’ in 1982. This, coupled with a government, which found itself ‘singularly ill- prepared to fight the crisis’, worsened the situation, taking the final cost of resolving the failed S&Ls to over $160 billion. The estimates, as financial experts claimed, were based on the rosy picture painted by the government agencies of the economy, declining interest rates and the fast growing thrift deposits. Analysts warned that taxpayers in the future would have to pay tens of billions of dollars more than expected. President Bush, the chief architect of the final bailout commented, “Nothing is without pain when you come to solve a problem of this magnitude.” But what led to the sorry state of the once successful S&Ls?

Well, perhaps the answer lies in the lack of preparedness and strategy on the part of the institutes and the government policy. S&Ls like Lincoln Savings & Loan Association, Atlanta Mortgage Consortium & Silverado Savings & Loan (of which Neil Bush, son of Sr.George Bush was Director) were specialised financial instruments using federally-insured low-interest rate deposits. Under strict government regulation, they ran on the philosophy of paying depositors 3% and lending at 6% and reaching the golf course by 3 p.m. (denoted as the infamous 3-6-3 rule in those times)! The system worked perfectly well till the late 70’s, till the thrifts started losing depositors to the new money market funds. Control on interest rates charged by them was a major impediment. During the late 70s, US was still recovering from the wounds of the 1973 oil crisis and the 1979 energy crisis. A mild recession pushed up the inflation, forcing the Fed to increase the rates.

The fed-rate grew and touched a high of 20% in June 1980. Post the increase, the S&Ls had to increase the rates and launch commercial and consumer loans and also remove some restrictions. They saw a major outflow of low-cost capital, as people took out their money from SLs and invested them in high rate yielding banks. Besides this, they found their money tied up in fixed-rate long-term mortgages with returns less than existing market returns. This made S&Ls uncompetitive. The then President Jimmy Carter, during the last days of his presidency, removed restrictions on the amount to lend and interests to charge by S&Ls. Federal Savings and Loan Insurance Corporation (FSLIC) further insured 100% (earlier only 70%) of the deposit amount of all S&Ls, thus making them risk-averse. During 1980, the FSLIC had insured approximately 4,000 S&Ls with total assets of $604 billion. Subsequently, they went ahead with highly risky projects like speculative real estate & commercial loans.

By the time Carter vacated office in 1981, many S&Ls had already started losing money. Net S&L income, which totaled $781 million in 1980, fell to a negative $4.6 billion and $4.1 billion in 1981 and 1982 respectively. When Ronald Regan came to office, he enforced Garn-St Germain Depository Institutions Act in 1982. S&Ls could now pay higher market rates for deposits, borrow money from the Federal Reserve, issue credit cards, make commercial loans and do almost everything to stay in the market.

James R. Barth Lowder, Eminent Scholar in Finance at Auburn University and Senior Fellow at the Milken Institute, calls it “an ill-advised government rule.” With almost no proper regulation, the S&Ls started mushrooming and becoming insolvent. Corrupt management, fraudulent practices and too many risky projects made them vulnerable.

An estimate by the Fed shows that fraud and insider transaction abuses were the principle cause for some 20% of savings and loan failures and a greater percentage of the dollar losses borne by the FSLIC. Besides, lowering of house prices and considerable fall of inflation in later part of 1980s led FSLIC to close down or resolve 296 institutions with total assets of $125 billion within just three years (1986-1989). In 1989, the US Congress passed Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and forced S&Ls to go back to home-lending. The effect was so large that Texas almost went into recession due to Texas-based S&Ls.

Greenspan, Bush & crisis have been inextricably linked to US since most of the last three decades. Of course, S&Ls do not exist and even Junior Bush is on his way out. But still, American banks could hardly avert the current mortgage crisis. The 3-6-3 rule may be there no more, but perhaps the cultural legacy it represented lives on!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

RANBIR KAPOOR - New Kid on da block

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

RANBIR KAPOOR
New Kid on da block

Everyone’s expectations were soaring sky-high when Ranbir Kapoor, son of the evergreen lover-boy Rishi Kapoor and his lady-love Neetu Kapoor (née – Singh) stepped into Bollywood last year with Sanjay Leela Bansali’s much-hyped film Saawariya. It turned out to be a huge disappointment and was not even remotely close to what people had expected it to be. But despite all the flak the movie received, Ranbir, who played a lovesick singer in this musical drama, got good reviews for his performance. His mesmerising screen presence, not to forget his ‘towel dance’, has made him a heartthrob amongst the fairer sex. The grapevine went berserk talking about his hook-up with co-star Sonam Kapoor but that was all quickly forgotten once he declared his relationship with Deepika Padukone. Soon brands like Pepsi decided to make good use of the star power of this couple and launched the Yeh Hai Youngistan Meri Jaan campaign. With looks that could kill, this storehouse of talent will soon be seen in Siddharth Anand’s Bachna Ae Haseenon, and the ladies would testify that the title of this film is one warning that’s perhaps already a tad too late!

Amid the wreckage of Saawariya, the industry didn’t fail to take note of the boy’s passion for cinema, and plenty of Best Debut Awards were showered upon this young Kapoor. Film critic Taran Adarsh points out, “Ranbir is a deadly combination of tremendous potential, great looks and fantastic acting. I think he is one guy who is very soon going to be right up there with Shahrukh Khan, Akshay Kumar and Hrithik Roshan. His best is yet to come.”

The above doesn’t seem to be a far-fetched prophecy either, for Ranbir Kapoor does have it all – good looks, a lot of talent, focus, meaty campaigns, big banner movies, a hot girlfriend and a last name that makes him a born star.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

ROHINTON MISTRY - Writing india’s fate

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

ROHINTON MISTRY
Writing india’s fate

“To so many classes I taught Lear, learning nothing myself. What kind of teacher is that, as foolish at the end of his life as at the beginning?” said Nariman Vakeel, the widower protagonist after perennially getting begrudging treatment by his step children in Rohinton Mistry’s novel, ‘Family Matters’. These words not just exemplify a situation shaped by the novelist, but also the common callous treatment that parents across the world are meted out today.

Mistry’s ‘Family matters’ was appreciated so much that it bagged the illustrious Kiriyama award for the India-born writer. In fact, it was not just this novel which had addressed an Indian social problem, all the works that Rohinton Mistry is known for, deal with India’s social issues. From portraying social taboos like castism or the practice of untouchability in India to the emergence of Indian society, through his various books, Mistry has done it all. His book ‘A Fine Balance’ narrates a transparent picture of such obscure practices which have been the cause of concern for the country for long. The works of Mistry have helped in not just identifying the problems that masses in India have faced long, but also in creating awareness about Indian social issues like poverty and caste-based malpractices at the international level.

Mistry’s efforts also made him the only writer to have won the Hart House literary prize twice and gave him further recognition on a global scale. He is one Indian gem who would surely keep on further highlighting Indian issues so that they can be identified internationally; something that India cries out for in desperation to become the stalwart in the current century.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...