Human Resource Fundas

Human Resource Fundas

Chennai based ECHC Management services pvt: ltd: sings MoU with IRJ Inc Japan

As per the MoU, EHSC would identify Indian talent for Japanese corporations in the field It, bio technology, pharmaceuticals and entry level as well as middle and senior management levels. The first assignment will be recruiting software engineers. The company are also looking at the possibility of setting up a training institute jointly whereby students from Japan could come to
India to imbibe expertise in IT here.(Source: Business Line, Chennai, Sept 20)

Adecco, Tata Institute sign pact

The joint programme is to analyse and understand growth trajectories in the Indian economy, the character of labour force and to bring out the labour market research annual report and quarterly updates. ATLMRI will collect, analyse and disseminate information on trends in labour market continuously, the nature of the skill in demand and the nature of skill set stock and training available. (Source: Business Line, Bangalore, Sept 18)

Be globally competitive, students urged.

In a course of business line club lecture to the management graduates of Sathyabama deemed university Mr. R. Shekar executive VP, Polaris told that most of the Indian workers are not disciplined and not hard working compared to Koreans and Chinese people. He also added that “your boss understands only one thing – results. Sweat in peace today so that you don’t bleed in war tomorrow”. (Source: Business Line, Chennai, Sept 18)

UK prospects waning for Indian nurses

Doors seem to be closing for Indian nurses seeking greener careers in
UK as placement agencies have stopped recruitment. There is a global shortage of nurses. ( Source: Business Line , Mumbai, Sept 18 )

ERA meet on job opportunities

Executive recruiters association has come with a major event here on Sep 15^th and the focus of the conference would be on “BRIC countries and Europe-employment scenario”. The TCS and IEG are the lead sponsors for the conference.( Source: Business Line Hyderabad, Sept 18)

SumTotal software chosen as trend setting

SumTotal system, a learning software technology provider has designated its

Suite 7.2

as a trend setting product. The software enhances the performance management process and integrates learning activities. It also helps managers to spend less time in writing appraisals and more time in pin pointing how to bulk up employee skill. (Source: Business Line  Hyderabad, Sept 07)

Demand for Indian knowledge workers in Netherlands

There is a huge demand for knowledge workers from India to work in Netherlands in industries such as IT, communication, biotech etc. Netherlands offer an easy gateway for Indian exports. Netherlands also relaxed its regulations to attract knowledge workers from India since then about 160 visas has been issued.

( Source: Business Line Chennai, Sept 07)

Marketing-Indian

India has not successfully have a global brand before few years but now it is one of the most emerging economy and the whole world and corporates have their eyes on the country. Tata, Infosys, various It and BPO’s companies have successfully created brand.
The big theme of the day at AdAsia 2003 was the growing trend of global Indian brands (GIBs). Presentations by Reliance chairman Mukesh Ambani and Aditya Birla group CMD Kumar Mangalam Birla on the creation of a country strategy for Brand India only underscored the complementary micro development of the emergence of GIBs. It was also a day when home-grown Indian companies were highlighted. These included the AV Birla group, Reliance, Tata Consultancy Services (TCS) and Ranbaxy.

A lot of work needs to be done to develop Indian brands as a Chinese business brand breaks into the global Top 20, says Steven Manallack*.
India has the largest number of brands in Asia and has the second highest number in the world, but how many Indian brands truly resonate around the globe? Certainly Chinese brands are starting to become known – with one, Chinese Mobile, making a sparkling entry at No 4 in the global top 20 brands.
. Indica drives Tata to the top of Indian brands

Tata has emerged the top Indian-owned brand in A&M magazine’s top brands survey. It is ahead of other homegrown brands such as Nirma, HMT, Godrej, Fevicol, Dabur, Amul, Hero, SBI and Bisleri.
But among Indian and foreign owned brands in India, Tata ranks third behind Colgate, the leader, and Dettol. The fourth and fifth slots have been bagged by Hindustan lever soap brands, Lux and Lifebuoy, respectively.
Interestingly, in the last top brands survey carried out by the magazine in 1999, Tata occupied the 22nd spot. Since then, it has leapfrogged into the top bracket. Tata’s gain has been Amul’s loss, it slipped from the second place in the 1999 survey to 42 this year.

Desi brands in foreign lands

Made in India and meeting success overseas? Yes, it’s happening in scores. Reasons range from lower trade barriers to hard-core marketing. Catalyst looks at the trend.

DABUR CHYAWANPRASH in the US, Kingfisher beer in the UK, Kinetic scooters in Latin America, Zodiac shirts in Holland, Amaron batteries in Singapore, Nightingale diaries in Europe, and Hidesign bags in Norway!
In the Indian context, it’s a case of globalisation in reverse. At a time when the Indian marketplace is teeming with multinational brands across categories, Indian brands have been quietly creating a foothold for themselves overseas. Ranging from food products, cars, two-wheelers, fairness creams, carpets, ayurvedic products, herbal cosmetics, watches, liquor, clothing, leather bags, even diaries – the gamut of Indian brands that have made it on to the global map is mind-boggling.

INTERNATIONAL MARKET NEWS

S&P 500 hits 5-1/2-year high

S&P 500(Standard and Poor) closed at a five-and-a-half-year high, as investors hoped that the slowdown in the economy and pullback in energy prices would ensure that the Federal Reserve would not lift interest rates again any time soon.

The S&P 500 (up 11.59 to 1,326.37) index added 0.9 percent and knocked out its 2006 high from May, closing at its best point since Feb. 2001.

Ref: www.cnnmoney.com/25.Sep

More tough sledding ahead

A surprisingly strong end-of-summer rally set the Dow industrials within 110 points of an all-time high and investors were feeling good. The rally was nurtured by falling oil prices, bets that the Federal Reserve Board won’t lift interest rates again anytime soon and a sense that growth is neither too hot, nor too cold, but just right.
The Philadelphia Federal Reserve Bank’s survey on Sep.21 has forecasted that the economy economy is cooling off and hence the economy is still at risk of heading into a recession, rather than just a slowdown. It also reminded investors that the economy’s problems are not just focused around the much-discussed cooling in the housing market.
Ref: www.cnnmoney.com/24.Sep
Budget carrier expands at airport
Low-fare airline bmibaby is to increase the capacity of its operations at Birmingham International Airport by 60% next year. It will add three more aircraft to the current five and create at least five new destinations from the city on top of the existing network of 13 routes. The firm expects to become the largest carrier at the airport next year. But it is closing its base at Durham Tees Valley airport, redeploying two aircraft to four other UK bases. The company, which opened its Birmingham operation in January 2005, will add one aircraft there in January and two at the end of March.
Ref: www.bbc.com/24.Sep
Biofuels ‘answer’ to trade talks
US tycoon Ted Turner has said a focus on biofuels could break the current deadlock stalling world trade talks.
Speaking at a World Trade Organization forum, Mr. Turner said huge demand for plant-based fuels could help farmers and reduce their need for state aid.
He said subsidies and tariffs should be replaced by support for biofuels.
The current five-year long Doha round of trade talks is suspended because of a failure to reach an agreement over agricultural subsidies and tariffs.
Ref: www.bbc.com/25.Sep

RETAIL SECTOR

Coffee retail markets to invest Rs. 350 crores
Source: Economic Times , September: 25, 2006

Domestic and international coffee chains are planning for big expansions worth Rs.350 crores in the next 3-5 years. Barista, Costa Coffee, Café Coffee Day and Barnie’s are some of the major players who are planning or the expansions. Costa Coffee chain’s master franchisee Ravi Jaipuria group company, Devyani International Ltd.(DIL) is planning to invest Rs.150 crores to set up 300 outlets in next 5 years.

Reliance to adopt retail as well as supply model
Source: Economic Times , September: 25, 2006

Reliance is strengthening its supply chain efficiencies by rolling out its first stores- 5 large- format stores (5000-10,000 sq. ft.) in size in Hyderabad in the 3rd week of October. The company is importing electronics, apparel, stationery and also FMCG from China. It is also planning to set up rural business hubs within 6 months or so in Punjab, Haryana, H.P, Uttaranchal and W.B.

Bharti’s retail model to be finalized by October
Source: Economic Times , September: 23, 2006

Bharti Enterprises chairman Sunil Mittal is planning to finalise its retail business model this October. Bharti is exploring the various business possibilities with all large multinational retail chains keen to enter the Indian market including Tesco. Mr. Mittal also said that $ 2 billion will be invested in various projects in 2006-2007 especially in telecom.

Organised retail changing FMCG Cos. Revenue model
Source: Economic Times , September: 25, 2006

The fast moving consumer goods(FMCG) is witnessing a change in the revenue model with the growth in the organized retailing.

The Rs 3,700-crore co-operative dairy giant Gujarat Co-operative Milk Marketing Federation (GCMMF), which sells Amul and Sagar brands of dairy products through 5,00,000 unorganised retailers, is now generating 3% of its total revenues from organised retailers.

The revenues of the Vadodara-based Rs 200-crore Ashwin Vanaspati India, which sells the corn oil brand Korndrop, has seen its revenues from the organised retail stores go up to 5% from 2% of total sales in the last two years. GCMMF has joined hands with Pantaloon, Adanis and Shubhiksha for the supply of bulk quantity of its products.

MARKING INDIAN

India has not successfully have a global brand before few years but now it is one of the most emerging economy and the whole world and corporates have their eyes on the country. Tata, Infosys, various It and BPO’s companies have successfully created brand.
The big theme of the day at AdAsia 2003 was the growing trend of global Indian brands (GIBs). Presentations by Reliance chairman Mukesh Ambani and Aditya Birla group CMD Kumar Mangalam Birla on the creation of a country strategy for Brand India only underscored the complementary micro development of the emergence of GIBs. It was also a day when home-grown Indian companies were highlighted. These included the AV Birla group, Reliance, Tata Consultancy Services (TCS) and Ranbaxy.

A lot of work needs to be done to develop Indian brands as a Chinese business brand breaks into the global Top 20, says Steven Manallack*.
India has the largest number of brands in Asia and has the second highest number in the world, but how many Indian brands truly resonate around the globe? Certainly Chinese brands are starting to become known – with one, Chinese Mobile, making a sparkling entry at No 4 in the global top 20 brands.
. Indica drives Tata to the top of Indian brands

Tata has emerged the top Indian-owned brand in A&M magazine’s top brands survey. It is ahead of other homegrown brands such as Nirma, HMT, Godrej, Fevicol, Dabur, Amul, Hero, SBI and Bisleri.
But among Indian and foreign owned brands in India, Tata ranks third behind Colgate, the leader, and Dettol. The fourth and fifth slots have been bagged by Hindustan lever soap brands, Lux and Lifebuoy, respectively.
Interestingly, in the last top brands survey carried out by the magazine in 1999, Tata occupied the 22nd spot. Since then, it has leapfrogged into the top bracket. Tata’s gain has been Amul’s loss, it slipped from the second place in the 1999 survey to 42 this year.

Desi brands in foreign lands

Made in India and meeting success overseas? Yes, it’s happening in scores. Reasons range from lower trade barriers to hard-core marketing. Catalyst looks at the trend.

DABUR CHYAWANPRASH in the US, Kingfisher beer in the UK, Kinetic scooters in Latin America, Zodiac shirts in Holland, Amaron batteries in Singapore, Nightingale diaries in Europe, and Hidesign bags in Norway!
In the Indian context, it’s a case of globalisation in reverse. At a time when the Indian marketplace is teeming with multinational brands across categories, Indian brands have been quietly creating a foothold for themselves overseas. Ranging from food products, cars, two-wheelers, fairness creams, carpets, ayurvedic products, herbal cosmetics, watches, liquor, clothing, leather bags, even diaries – the gamut of Indian brands that have made it on to the global map is mind-boggling.

New Product Launches

Music On The Move

September 20th Economic Times

Blaupunkt unveiled The Maui MP36 Car Radio with connections for preamps, subwoofers and external audio sources such as iPods. Featured with Vario Color Display, chrome highlights and a piano four-way rockers the Maui is priced @ Rs 8,950. The unit can be upgraded by a steering wheel mounted remote control and a CD changer.

Designer Tunes

September 20th Economic Times

MOTORAZR V3i D&G launched by Motorola and D&G features the new version of the device in luxurious gold and silver, with an engraved D&G logo. This limited edition also has an exclusive pendant featuring the gold DG initials. It is offered with additional customized features, such as special backgrounds, screensavers, MP3 ring tones and animations.

X Box 360

September 21st Economic Times

Microsoft launches its X box 360 video game console in India and Africa next week. The Japan unit of MS said it was to release a cheaper bare boned version of the X box 360 in Japan to boost sales ahead of the arrival of new machines from rivals later this year.

High-End Bikes In India

September 22nd Economic Times

Moto-Monsters in the 500cc plus range to be launched in 2007. Yamaha and Suzuki and many other key motorcycle manufacturers are planning to roll out high-end bikes in India by 2007. American motorcycle maker Harley Davidson is also keen on importing its bikes to the Indian market.

Business Book Review- The New Game Of Business

The New Game Of Business
By Bonnie Jo Davis

Bonnie Jo Davis is a Virtual Assistant, author of the e-book Articles “That Sell”and Webmaster of the Articles “That Sell Center.”

The NEW Game of Business brings new distinctions and a fresh perspective to the world of business.

Mitchell Axelrod is a consultant, professional speaker, talk show radio host and frequently published author on the topics of marketing, sales, entrepreneurship, life skills and playing the new game. For over twenty-five years Mitch has been consulting with Fortune 500 companies, banks, insurance companies, small businesses and individuals on how to boost income, increase sales and profits while deriving more fun, fulfillment and satisfaction from work.

The quote in Chapter Five quite nicely summarizes the topic of this book. Mitchell Axelrod says this “I help you get from where you are, to where you want to be.” The new game in town is that of reciprocity.

Consumers are tired of turning on the television every day to hear more bad news about winding up of businesses. Corruption and scandal seem to rule the day and all this negativity takes a toll on the economy. Mitchell Axelrod advises that thinking outside the box is so outdated that businesses need to throw away the box entirely and begin playing “The NEW Game of Business.” This game is inclusive rather than exclusive and it is based upon service. This book throws out the old rules of business and creates a new script for a new game.

The chapters of this book include: Play by the New Rules… “Caveat Vendidor!” Design a New Strategy… It’s NOT just Business; It’s Personal!, Practice New Economics… Good Deals are Good Business!, Seek a New Mission… Put People Ahead of Products and Profits!, Send a New Message… What Business Are YOU In?, Chant a New Mantra… “Serve, Deliver, Serve Some More!”, Find New Solutions… Don’t Fall in Love with Products or Services!, Acquire New Skills… Master the Tools of the Game!, Build A New Model… Integrate or Disintegrate! and Generate New Money… Profit is EVERYBODY’S Business! The material covers everything a reader needs to know about generating a profit while gaining lifelong customers and keeping loyal and happy employees. Apply these proven principles used by companies such as Nordstrom and Starbucks and you will find your business growing.

.

Kiss Theory Goodbye
By Bob Prosen

Prosen, head of a business training center affiliated with the University of Texas in Dallas, begins his book with six pages of endorsements from an assortment of CEOs, professionals and nonprofit managers and another six pages of self-praise.
Prosen offers equally prosaic advice for achieving them. For example, the secrets of “superior leadership” include hiring smart people, fostering a healthy corporate culture and communicating clearly-no breakthroughs there. Because the book attempts to cover the entire range of management skills in less than 200 pages, the discussions offer information that practically any business person should already know. Prosen would have served his readers better by choosing one management skill at which he truly excels and providing in-depth, original insights into that topic

Perhaps the most popular professor at the Edgewood College MBA program is Joe Hahn, who teaches a Strategic Management course, and is also the VP of a $13 billion company. Students love Joe because he’s a no-nonsense kind of guy who focuses on making decisions, getting results, and not pondering theories and possibilities until the end of time. Well, Kiss Theory Goodbye is a book that Joe would love! Here’s why:
Bob Prosen has managed to put together an action-oriented how-to manual that will make anyone a better decision maker. It’s a surprisingly compelling, readable volume with specific ideas and real-world examples of how a business leader can obtain results in virtually every area of an organization!
Prosen’s direct, disarmingly straightforward style addresses such key issues as the “victim mentality” or the office politics that can slow down an organization and keep it from moving forward. He emphasizes in no uncertain terms the critical need to measure customer satisfaction (and, indeed, anything that a company values) and focus on forging ahead rather than perpetually having ineffective, time-wasting meetings that focus on talk instead of solutions. What’s the alternative to taking home countless pages of essential financial reports that ultimately never get read? How should compensation issues be addressed effectively? These are just some of the important issues this book covers.

INTERNATIONAL MARKET NEWS

S&P 500 hits 5-1/2-year high

S&P 500(Standard and Poor) closed at a five-and-a-half-year high, as investors hoped that the slowdown in the economy and pullback in energy prices would ensure that the Federal Reserve would not lift interest rates again any time soon.

The S&P 500 (up 11.59 to 1,326.37) index added 0.9 percent and knocked out its 2006 high from May, closing at its best point since Feb. 2001.

Ref: www.cnnmoney.com/25.Sep

More tough sledding ahead

A surprisingly strong end-of-summer rally set the Dow industrials within 110 points of an all-time high and investors were feeling good. The rally was nurtured by falling oil prices, bets that the Federal Reserve Board won’t lift interest rates again anytime soon and a sense that growth is neither too hot, nor too cold, but just right.
The Philadelphia Federal Reserve Bank’s survey on Sep.21 has forecasted that the economy economy is cooling off and hence the economy is still at risk of heading into a recession, rather than just a slowdown. It also reminded investors that the economy’s problems are not just focused around the much-discussed cooling in the housing market.
Ref: www.cnnmoney.com/24.Sep
Budget carrier expands at airport
Low-fare airline bmibaby is to increase the capacity of its operations at Birmingham International Airport by 60% next year. It will add three more aircraft to the current five and create at least five new destinations from the city on top of the existing network of 13 routes. The firm expects to become the largest carrier at the airport next year. But it is closing its base at Durham Tees Valley airport, redeploying two aircraft to four other UK bases. The company, which opened its Birmingham operation in January 2005, will add one aircraft there in January and two at the end of March.
Ref: www.bbc.com/24.Sep
Biofuels ‘answer’ to trade talks
US tycoon Ted Turner has said a focus on biofuels could break the current deadlock stalling world trade talks.
Speaking at a World Trade Organization forum, Mr. Turner said huge demand for plant-based fuels could help farmers and reduce their need for state aid.
He said subsidies and tariffs should be replaced by support for biofuels.
The current five-year long Doha round of trade talks is suspended because of a failure to reach an agreement over agricultural subsidies and tariffs.
Ref: www.bbc.com/25.Sep

Business Jokes

EQUATION OF EARNINGS

The Equation of earnings
Engineers and scientists will never make as much money as business executives. Now a rigorous mathematical proof has been developed that explains why this is true:
Postulate 1: Knowledge is Power.
Postulate 2: Time is Money.
As every engineer knows,
Work = Power * Time
Since Knowledge = Power, and Time = Money, we have:
Work = Knowledge * Money
Solving for Money, we get:
Money = Work / Knowledge
Thus, as Knowledge decreases, Money increases, regardless of how much Work is done.
Conclusion: The Less you Know, the More you Make.
Note: It has been speculated that the reason why Bill Gates dropped out of Harvard’s math program was because he stumbled upon this proof as an undergraduate, and dedicated the rest of his career to the pursuit of ignorance.

New Product Launches (29 Sep-6 Oct)

Music On The Move

September 20th Economic Times

Blaupunkt unveiled The Maui MP36 Car Radio with connections for preamps, subwoofers and external audio sources such as iPods. Featured with Vario Color Display, chrome highlights and a piano four-way rockers the Maui is priced @ Rs 8,950. The unit can be upgraded by a steering wheel mounted remote control and a CD changer.

Designer Tunes

September 20th Economic Times

MOTORAZR V3i D&G launched by Motorola and D&G features the new version of the device in luxurious gold and silver, with an engraved D&G logo. This limited edition also has an exclusive pendant featuring the gold DG initials. It is offered with additional customized features, such as special backgrounds, screensavers, MP3 ring tones and animations.
a
X Box 360

September 21st Economic Times

Microsoft launches its X box 360 video game console in India and Africa next week. The Japan unit of MS said it was to release a cheaper bare boned version of the X box 360 in Japan to boost sales ahead of the arrival of new machines from rivals later this year.

High-End Bikes In India

September 22nd Economic Times

Moto-Monsters in the 500cc plus range to be launched in 2007. Yamaha and Suzuki and many other key motorcycle manufacturers are planning to roll out high-end bikes in India by 2007. American motorcycle maker Harley Davidson is also keen on importing its bikes to the Indian market.

Politics Global Review

CHAVEZ CALLS BUSH A DEVIL

Few days before venenuzulean president made an interesting remark about bush by mentioning us president qs a devil, a liar, a tyrant apart from that the most intriguing comment about the us president is evident from the following quote
“Yesterday the devil came here and this place still smells of sulphur’’
“He came here talking as if he were the owner of the world.
In a warmly applaude speech he often attributed bush to us intellectual wall Noam chamsy, Greek Philosopher Aristotle and filmmaker Alfred hitch cock
In view of this Washington considers Mr Chavez a close ally of ciommunist cuba, but the most surprising thing is that us is a major consumer of venezuelion soil.
Source- The Hindu Septembr-21

We wont hesitate to send troops to Pakistan for osama Bush

Us president George bush told that he would never hesitate to send its troops to hunt for osama if there was sustainable information about his location .Contrary to this pervez made it clear that he would not allow the sovernity of his country to be breached by the us . Inorder to substantiate this statement he made a quote by saying “We will do it ourselves, we are able to do everything Wherever we locate anybody there have been many occasions where we have located al queda or Taliban activity and we have struck with full force very successful,,Now the big question is that whether the us pak meeting will be successful or not.Source The Hindu September-22
Regardless of who comes to power in the white house
There will be a breakdown in us Russian relations over the coming years as if Washington will try to prompted a change in Russia , weaken Russians energy poor and undermine its positions in the former soviet union.
Source-hindu September-23

POPULAR BUSINESS PERSONALITIES:

Vijay Mallya – The King of good times

When 28 year old Vijay Mallya became the chairman of United Breweries group in the 1983, not many people gave him much of a chance of consolidating and growing a disparatate empire that spanned everything from pharmaceuticals to polymers, foods to spirits and batteries to agrochemicals. Now 22 years later Mallya is finally being seen as a canny businessman who has the ability to tap emerging opportunities. His track record speaks for himself. In 1983 the spirits business sold around 3.85 million cases this year it will sell 60 million. United Breweries is the market leader in beers with a market share of 40%. In May 2005 Mallya launched kingfisher airlines. The airline has done reasonably well and is being talked of in aviation circles as a worthy competitor to the country’s leading private airline Jet Airways. An initial public offering is in the pipeline to fund the expansion of kingfisher airlines. For Mallya who is also the working president of Janata party and a member of Rajya Sabha Kingfisher Airlines is his new prodigy which he is planning to take to the heights which Shaw Wallace has already achieved.

– Business Today March 18, 2006.

GLOBAL CAPITAL MARKET

Asian Stocks fall for the third week
Economic Times, September 24, 2006

Asian stocks continued its downward trend for a third week, which is the longest in four months. This indicated the diminishing growth of world’s largest economy.
The seizure of power by military caused Thailand stocks to fall to a two-month low. The SET index dropped 2.7 %. Japan’s stock market remains a low as the Nikkei index lost 1.5% this week. The measures also declined in South Korea, Australia, Singapore and New Zealand.
The reason for this decline has been pointed towards the worrying over trends of inflation in U.S.

NYSE’s offer closes with gap with rival as shares rise
Economic Times, September 23, 2006

A rise on NYSE group’s share could ease pressure on the New York Stock Exchange operator to sweeten its 8.3 billion Euro bid for Europe’s second biggest exchange operator. Analysts say the situation could change again before Euronext shareholders are asked to vote on a deal in December.
After rebuffing a bid by Deutsche Boerse, in June, Euronext’s management struck a deal to merge with the NYSE. Since then Euronext has decided to end its merger discussions with Frankfurt- based exchange.

Political risks add to emerging markets’ woes
Economic Times. September 22, 2006

Emerging market investors are worried about political risk from the streets Budapest to Bangkok, almost a decade after the Asian financial crisis. They are far more choosy about where to invest and which ones to avoid.
The risk of one crisis spreading across borders to create an even bigger one is small. A number of investors see immediate falls in Thai baht and bond prices after Tuesday’s military coup and potential stocks weakness on Thursday.
Holding assets in emerging markets which was considered to be a risk a decade ago is now more complex.

US Stocks close down amid pessimism about health of economy
Economic Times, September 23, 2006

Wall Street’s growing pessimism about the economy sent stocks down as investors lost the enthusiasm that followed Wednesday Federal Reserve decision to leave interest rates unchanged.
Junkan says the marked have overreacted to the Philadelphia data and were perhaps looking for a reason to pause after posting strong gains in September.
Broader stock indicators also fell. Bonds jumped sharply with the benchmark ten year Treasury note falling to 4.59% from 4.64% late Thursday. The dollar was mixed against other major currencies, while gold prices rose.

Politics Global Review

CHAVEZ CALLS BUSH A DEVIL

Few days before venenuzulean president made an interesting remark about bush by mentioning us president qs a devil, a liar, a tyrant apart from that the most intriguing comment about the us president is evident from the following quote
“Yesterday the devil came here and this place still smells of sulphur’’
“He came here talking as if he were the owner of the world.
In a warmly applaude speech he often attributed bush to us intellectual wall Noam chamsy, Greek Philosopher Aristotle and filmmaker Alfred hitch cock
In view of this Washington considers Mr Chavez a close ally of ciommunist cuba, but the most surprising thing is that us is a major consumer of venezuelion soil.
Source- The Hindu Septembr-21

We wont hesitate to send troops to Pakistan for osama Bush

Us president George bush told that he would never hesitate to send its troops to hunt for osama if there was sustainable information about his location .Contrary to this pervez made it clear that he would not allow the sovernity of his country to be breached by the us . Inorder to substantiate this statement he made a quote by saying “We will do it ourselves, we are able to do everything Wherever we locate anybody there have been many occasions where we have located al queda or Taliban activity and we have struck with full force very successful,,Now the big question is that whether the us pak meeting will be successful or not.Source The Hindu September-22
Regardless of who comes to power in the white house
There will be a breakdown in us Russian relations over the coming years as if Washington will try to prompted a change in Russia , weaken Russians energy poor and undermine its positions in the former soviet union.
Source-hindu September-23

Marketing Fundas

What is marketing?

Marketing consists of all activities designed to generate and facilitate any exchange intended to satisfy human needs or wants. In business terms, it is those activities designed to plan, price, promote and distribute products or services to target markets.
What are the objectives of marketing?]

Two major aspects of marketing are the recruitment of new customers (acquisition) and the retention and expansion of relationships with existing customers (customer base management or customer relationship management).

There are four P’s in marketing, namely:
Product – the products or services you offer and are they unique, superior, easier to use.
Price – how much to sell your products for, based on your cost and value to potential customers.
Promotion – communicating to potential customers to create an awareness of your business.
Place – your business location and methods of distributing your products.

Why marketing is important?

Marketing is your method of communicating to people that your company, product or service exists. It’ no use having the best product in the world if nobody knows about it or about you.
What are the common marketing methods?

There are many methods of marketing, from simple to elaborate and from inexpensive to extremely costly. All or only some of these may be applicable to your business, but you can choose the ones that are and create a powerful marketing strategy. The following list illustrates some common marketing and communication methods used by millions of businesses to reach their potential customers:

Print advertising in newspapers, magazines, business journals, community newsletters, etc.

Developing sales flyers, brochures or newsletters for distribution to potential customers.

Attend trade shows or exhibitions related to your industry, product or business.

Press releases and public service announcements in newspapers. Usually free and good exposure.

Cooperative marketing efforts (in advertising, etc) with a business that compliments yours.

Join community-networking groups like your local chamber of commerce or business committee.

Join professional associations through your industry, business or personal credentials.

Internet marketing is an exciting and inexpensive method of regional, national or global marketing.

Telemarketing to potential customers off a list or out of the telephone book.

Direct marketing with written correspondence using a list to mail or fax marketing literature.

BUSINESS QUOTES

1) I’m not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.
By- Lord Acton.
2) Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
By – W. Edwards
3) DemingBusiness, that’s easily defined – it’s other people’s money.
By – Peter Drucker
4) A budget tells us what we can’t afford, but it doesn’t keep us from buying it.
By – William Feather
5) A business that makes nothing but money is a poor business.
By- Henry Ford
6) You can’t operate a company by fear, because the way to eliminate fear is to avoid criticism. And the way to avoid criticism is to do nothing.
By – Steve Ross
7) Failure doesn’t mean you are a failure it just means you haven’t succeeded yet.
By- Robert H. Schuller
Employees make the best dates. You don’t have to pick them up and they’re always tax-deductible.
By- Andy Warhol
9) As a small businessperson, you have no greater leverage than the truth.
By- John Greenleaf Whittier
10) In modern business it is not the crook who is to be feared most, it is the honest man who doesn’t know what he is doing.
By- William Wordsworth

BUSINESS QUOTES

1) I’m not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.
By- Lord Acton.
2) Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
By – W. Edwards
3) DemingBusiness, that’s easily defined – it’s other people’s money.
By – Peter Drucker
4) A budget tells us what we can’t afford, but it doesn’t keep us from buying it.
By – William Feather
5) A business that makes nothing but money is a poor business.
By- Henry Ford
6) You can’t operate a company by fear, because the way to eliminate fear is to avoid criticism. And the way to avoid criticism is to do nothing.
By – Steve Ross
7) Failure doesn’t mean you are a failure it just means you haven’t succeeded yet.
By- Robert H. Schuller
Employees make the best dates. You don’t have to pick them up and they’re always tax-deductible.
By- Andy Warhol
9) As a small businessperson, you have no greater leverage than the truth.
By- John Greenleaf Whittier
10) In modern business it is not the crook who is to be feared most, it is the honest man who doesn’t know what he is doing.
By- William Wordsworth

FINANCIAL FUNDASA

AIR INDIA PICKS THREE MORE PARTIES FOR FUEL HEDGINGIndia’s flagship carrier air India has chosen three additional counter parties to hedge jet fuel from the international markets for its operations. These three parties are Mitsui & co, Societe Generale and a subsidiary of Goldman Sachs. The decision comes after the government’s approval to the carrier this month to extend its jet fuel-hedging limit from 10% earlier to 25%. Jet fuel cost constitutes almost 30% of the total operating costs for A-I. The airline currently has a fleet of 44 aircraft. A-I extended its hedging limits from 10% to 25% from September 18. The airline started hedging in March this year for which Citibank was selected as the counter party. AIR DECCAN TO RAISE $100 MILLIONLow cost airline Air Deccan said it has signed a ‘Term Sheet’ to raise an additional USD 100 million from a consortium of bankers in Europe. “The term sheet has been signed. Lawyers Low cost airline Air Deccan said it has signed a ‘Term Sheet’ to raise an additional USD are working on the legal documents. It should happen in a month,” Mohan Kumar, Director, Finance, Air Deccan, said after the board approved the deal.  CHICAGO MERCHANTILE XCHANGE TO ENTER INDIA          The Chicago Mercantile Exchange could enter India’s booming commodity derivatives market if the government relaxes its rules, managing director John Davidson said on Friday. CME also plans to offer its expertise to exchanges in India, and is eager to help enable trading of Indian commodity derivatives elsewhere, Davidson told Reuters in an interview while on a trip to India.  HYUNDAI TO PUMP RS 41.91 BILLION IN INDIASouth Korean auto major Hyundai on Saturday announced investments of Rs 41.91 billion in India for setting up new car and engine and transmission plants, apart from a research and development centre. The announcement comes days after the company’s Chairman and CEO Chung Mong Koo called on President A P J Abdul Kalam and Prime Minister Manmohan Singh, sharing Hyundai’s investment plans for the country.  DELL TO SET UP MANUFACTURING UNIT IN INDIADell Inc., the world’s largest maker of personal computers, said on Friday it would set up manufacturing operations in India in the first half of 2007.  The plant would be set up in Sriperumbudur, on the outskirts of Chennai in southern India, the company said in a statement.  RELIANCE  CAPITAL TO MOP UP $500 M FOR PE PLAYThe rs 400 crore Reliance capital of the Reliance ADA group is planning to raise. $500 million from international institutional investors for  a private equity fund as part of its asset management initiatives. This will be a general purpose PE fund investing across the global growth sectors of the Indian economy.the company’s plan come at a time when several PE funds are buying the India story by pumping investments in the growth sectors. ‘PETRO PRICES COULD COME DOWN’Petroleum prices could head downward in the coming few weeks if global crude rates decline further, the government said. “There could be a drop in prices in coming weeks, but I cannot give a specific time-frame nor can I say to what level it will fall,” Petroleum Minister Murli Deora said on the sidelines of a conference. There were indications that prices internationally could decline and this will be reflected in India as well, he said, adding that if the price of crude declines from the present level of USD 57-58 to around USD 50, ‘then it would be beneficial to the country’. Inflation can be reined by current rates: FMThe government’s market borrowing programme will be in line with the budget estimate and it is possible to control inflationary pressures with current interest rates, the Finance Minister said on Sunday. “It should be the same,” Palaniappan Chidambaram said when asked about the government’s borrowing plan for the second half of the financial year ending March 2007. The government is likely to announce the second-half borrowing schedule on Monday after officials from the Reserve Bank of India (RBI) and the Finance Ministry discussed the issue last week. The government has so far raised 890 billion rupees ($19.4 billion) out of a budgeted total of 1.53 trillion rupees for the financial year.   

ADVERTISING FUNDAS

INTERNATIONAL NEWS

NIELSEN commercials ratings get US launch in November

A new advertising rating system has been introduced where the advertisers will be able to know how many people are watching the tv commercials which gives the ad companies the effectiveness of their campaign.

LONDON-KELLOG’S NEW ADVERTISING CAMPAIGN

Kellog’s has unveiled a new advertising campaign ,which highlights the benefits of eating its low fat cerealcompared with not eating breakfast at all.

INDIA-NEWS
Tanishq plans to unleash an advertising campaign to lure customers into buying jewellery during the festive season from October to March.a TV burst is planned from the middle of October leading to Deepavali,Ramzan,the wedding season there after followed by Christmas and Sankranti.

NEWS-India Brand Summit-2006

According to the consensus reached at the India Brand summit 2006 held in Mumbai,consumers are fed up with advertising clutter on the television.They don’t ant to endure it any more.nless advertisers wake up to thos reality-the growing power of the consumer interactivity in advertising-more media campaigns will be skipped on the television.As of now, conventional media has not responded well to the interactivity.

Human Recourse fundas

Plea to make most of BPO talent pool

Sept. 10
Standard Chartered is willing to pool in money, along with other banks, to start a finishing school to train fresh graduates, and also nurture bankers, according to Mr Chandrasekhar Pingali, Head, HR, Scope International, a wholly-owned subsidiary of the UK-based bank. This could be one of the measures to bridge the talent gap, he said.
There is a large, untapped, talent pool of 3,00,000 undergraduates, housewives and retired professionals who could be tapped by the business process outsourcing (BPO) sector. With limited investment, the industry can build a large talent pool, he said at Connect 2006, an information, communication and technology (ICT) event organised by the Confederation of Indian Industry and the Tamil Nadu Government.

Voxify Partners with Convergys to deliver speech self-service
Sept.11
Voxify, the first company to create Automated Agents with the conversational skills to handle advanced customer service calls, today announced a partnership to deliver automated customer self-service solutions to Convergys’ clients in the Direct Response industry. Through the partnership Convergys will market Voxify’s Direct Response Automated Agents integrated and hosted on Convergys’ SpeechPort(TM) VoiceXML platform. The combined offering will provide best-of-breed solutions to the burgeoning Direct Response industry, a key vertical market for both Voxify and Convergys.

To HLL, BPO was just another `functional silo’
Sept. 12
A few days ago, Hindustan Lever Ltd (HLL) announced its decision to sell a majority stake in its subsidiary company, Indigo, to Cap Gemini S.A., Indigo, more formally known as Unilever India Shared Services Ltd, is the captive BPO (business process outsourcing) arm, offering services to a number of Unilever companies globally, including HLL.”One way of looking at this sale is the `core competence’ view,” says Mr K. Mohan Babu, a technologist with Infosys, and the author of `Offshoring IT Services,’ a recent publication of Tata McGraw-Hill. “Core competence of HLL is in fast-moving consumer goods (FMCG). For them BPO is just yet another `functional silo’,” he adds.

Indian IT Industry can create 5 million jobs
Sept. 14

The Indian IT industry has the potential to create about 5 million jobs and by 2015 account for about 50 per cent of the total outsourcing pie of about $300 billion, according to Mr Prashant Srivastava, Managing Partner, The Gallup Organisation.To achieve this India needs to tackle its biggest challenge of ensuring steady flow of employable workforce.The Nasscom has predicted that by 2010, there would be a shortage of about 5,00,000, he said. Speaking here at the ERA meet, Mr Srivatsava said often studies point towards competition coming from countries such as Vietnam, Hungary and the like. This is absurd as India has about 25 Vietnams. The growth currently witnessed is from barely four five major and 10 smaller cities. The potential from other centres has hardly been tapped.There is the beginning of a trend wherein companies are shifting to Tier II to tier III cities. Genpact is going to Jaipur, some are opting for Chandigarh, and such moves will only broaden the workforce.

Travel and Hospitality industry

· Jammu and Kashmir government pushing for tourism revival
The Jammu and Kashmir government is giving a big push to revive tourism, a lucrative sector badly hit by terror attacks in Srinagar on holiday makers in July,official sources said today.

Chief Minister Ghulam Nabi Azad, who reviewed the functioning of tourism development authorities here last evening, stressed on creating new infrastructure facilities at popular tourist destinations and upgrading the existing ones.

The government is holding a snow festival at popular tourist resort of Gulmarg this winter. Kongdoori, near Gulmarg, is being developed as an international ski destination with a Central aid of Rs 6.45 crore.

Azad said efforts should to made to improve environment, ecology and overall ambience at picturesques spots to attract large number of tourists.

· Chhattisgarh to woo Chinese, Japanese tourists
Chhattisgarh is all set to showcase its archaeological splendour, historical Buddhist sites and natural beauty in China and Japan for the next 10 days in a bid to emerge as a dream destination for Asian tourists.

Chhattisgarh Tourism Minister Brijmohan Agrawal will launch the government’s 10-day tourism campaign beginning Saturday in Hong Kong with a meeting with travel agents and a speech at an international travel mart Tuesday.

Chhattisgarh boasts of several ancient monuments, exquisitely carved temples, caves and picturesque hills and valleys.

Sirpur, which is 75 km from here, is a historical Buddhist site visited by Huen Tsang, a noted Chinese scholar, in the 7th century A.D.

Chhattisgarh’s Bastar region is home to Kutumbsar, one of the oldest living caves of the world, and Chitrakoot, said to be the largest waterfall in Asia According to officials, the government has identified as many as 105 tourist locations in the state having cultural, religious and historical importance, apart from being gifted with natural beauty that could become popular Asian tourist destinations.
· India is one of the top five tourists spots in the World

The annual Lonely Planet Pulse Survey has rated India among the top five tourist destinations.
The survey was conducted prior to the Tsunami disaster. Australia is the number one global destination polling 20,000 votes from over 167 countries. Next are Chile, Brazil, New Zealand and then India.
The travelers pulse survey showed that independent travel had a major impact on people helping them increase their knowledge of other cultures and also respect other cultures more than they had done earlier

· Sikkim Planning A Major Tourism Blitz
Sikkim is planning a Rs 2 crore marketing and promotion blitz to develop tourism and hopes to achieve a 15 per cent growth in tourist arrivals. Last year three lakh tourists visited the state.
The tourist department has put in place policies to encourage public-private partnerships. The Sikkim Tourism Development Corporation (STDC) has started selling unprofitable properties through open tenders. Sikkim earned Rs. one crore directly and Rs. 100 crore indirectly from tourists, Mr A.K. Shrivastava, the CCS, Tourism told Tourism India at the Travel and Tourism Fair in Kolkata.

COMPANY NEWS

CITIGROUP PLANS FOR INDIAN BROKERAGE NETWORK
SOURCE: Economic Times

Citigroup, the world’s largest financial services group, is planning to build a retail brokerage network across India to boost its share in one of Asia’s fastest growing markets. The US-based banking group plans to launch its brokerage under the Citigroup Smith Barney name as early as November, initially focusing on clients of Citigroup units already active in the country. Over the next year, the bank plans to build a 25-branch brokerage network, which it hopes will boost its other businesses, such as its private banking operation and its services targeting small and medium enterprises. One of the largest foreign investment banks in India, Citigroup is joining with DSP Merrill Lynch, JM Morgan Stanley, Deutsche Bank, UBS, JP Morgan, ABN Amro and others for market share. Indian retail investors account for about 75 per cent of trading volume in the equity market. Interest in shares is growing as more of the traditionally conservative middle classes move their money from safe asset classes into stocks but competition between brokerage houses on fees is cut-throat.

RELIANCE CAPITAL TO RAISE $500m AS PRIVATE EQUITY FUND
SOURCE: Economic Times

Reliance Capital Ltd , controlled by Mukesh Ambani plans to raise $500m from foreign institutional investors by March 2007.This is the first time they are raising funds from external investors for private equity investment. Private equity deals have increased in India as companies seek capital to fund growth, acquisitions and expansions. A booming stock market has added to making good deals. Private equity deals rose sharply to $3.5 billion across 146 transactions in the first half of 2006, compared with $795 million through 67 deals in the same period last year, according sector tracking firm Venture Intelligence.

EXPORTS KEY TO MARUTI PRODUCTION PLAN
SOURCE: Economic Times

Maruti Udyog, India’s largest passenger-car maker, aims to boost exports significantly as part of an ambitious plan to produce 1m cars per year by 2010. Maruti, a subsidiary of Suzuki Motors of Japan, rolled out 562,000 cars last year, of which about 35,000 were for export. But through a series of planned factory expansions, the company is on track to produce as many as 400,000 cars for export by 2010. A new Maruti factory in Manesar near Delhi will open this October with targets to produce 100,000 cars annually for European export and 50,000 for the domestic market. Maruti is also in talks with Japanese automaker Nissan to build another factory in India that could eventually jointly produce as many as 250,000 cars for export each year. Terms of the agreement are still being finalized.
The projections came after Maruti this week outlined plans to produce 1million cars annually by 2010 in its annual general meeting.

Indian Economic State

NORTHERN STATES LAG BEHIND ON ECONOMIC NORMS:
Sept 24, 2006
While North India accounts for 44 per cent of the country’s geographical area and 56 per cent of the agricultural production, its contribution to the industrial output is only 30 per cent, according to a study conducted by the PHD Chamber of Commerce and Industry. The 10 North Indian States also lag behind on critical economic and social indicators compared to other parts of the country. The northern block accounts for 40 per cent of the total exports of the country, it lags behind in almost all critical indicators like infrastructure, investment climate, consumer market and even technical education sector.”

CHIDAMBARAM NOT FOR RELAXING FRBM ACT:
Sept 22, 2006

The Finance Ministry has once again expressed itself unequivocally against any relaxation of the goalposts set forth in the Fiscal Responsibility and Budget Management (FRBM) Act to accommodate the wish list of the Planning Commission to provide for greater public investment both in physical and social infrastructure in the Eleventh Five Year Plan

DIRECT TAX COLLECTIONS CONTINUE TO BE BUOYANT:
Sept 21, 2006
The Center’s gross direct tax collections continue to remain buoyant and have registered a 33.53-per-cent increase in April-September 15 this year to Rs 87,831 crore, as compared to gross collection level of Rs 65,725 crore recorded in the same period last year. Net direct tax collections (provisional) for the period stood at Rs 70,749 crore, reflecting a 37.70-per-cent increase over the net collection level of Rs 51,379 crore recorded in April-September 15, 2005. The income-tax department has given refunds to the tune of Rs 17,082 during April-September 15 (Rs 14,346 crore).

BUOYANT TREND CONTINUES IN EXPORTS:
Sept 22, 2006
The country’s exports continue to be buoyant with export proceeds crossing the $10-billion threshold for a single month in August and the overall exports during the first five months of the fiscal clocking a hefty growth of 34.48 per cent in dollar terms. Provisional data on the country’s merchandise exports during August are valued at $10.38 billion which is 41.14 per cent higher than $7.35 billion in August 2005. Cumulatively, exports during April to August are valued at$48 billion, which is 34.48 per cent higher than the level of ($35.76 billion).

INDIA WILL SOON BECOME MANUFACTURING HUB:
Sept 19,2006

India would soon become a manufacturing hub riding on the back of its natural advantages of knowledge infrastructure, strengths in manufacturing and the ongoing focus to enhance competitiveness, said Dr Ashwani Kumar, Minister of State for Industry. The Minister was speaking at the 3rd Indo-US Economic Summit here recently. He referred to a recent study, which pointed out that in 50 years, India’s import of electronics goods would swell overtaking the oil imports. That would spur an investment boom in IT and electronic hardware sector. He invited the US businessmen to take advantage of those emerging opportunities by investing in India in these segments.

Indian Economy

India set to be world’s fastest wealth creator by 2010: Study
India is shining bright on the world wealth map with the country set to emerge as the world’s fastest wealth creator and home to a growing number of millionaires in the years to come, a latest study shows.
After emerging as the world’s second fastest wealth creator after China between 2000-2005, India is all geared up for the top spot with a growth rate of 13.3 per cent through 2010, as against a global average of 5.6 per cent, US-based consultancy and research firm Boston Consultancy Group said in its 2006 Global Wealth report.
It is strong growth in sectors like information technology, textiles and pharmaceuticals that would propel above-average wealth growth in the country, the report said.
India and China have also registered the highest growth in the number of millionaire households across the world, with a surge of more than 15 per cent per year between 2000 and 2005.
India has become home to the world’s 18th largest population of millionaires with the number likely to further surge ahead in the years to come, the study shows.
“The BRIC (Brazil, Russia, India and China) countries have made substantial gains in the number of millionaires. The growth rates of millionaire households in India and China have been among the highest in the world, averaging more than 15 per cent per year between 2000 and 2005,” the report said.

P-notes not directly connected to full CAC: Finance Minister
For the first time, the Finance Minister has criticised a report on full Capital Account Convertibility, which recommended that P-notes be abolished. In an exclusive interview with CNBC on the sidelines of the IMF meeting in Singapore, he said that in his view, P-notes were not directly connected to fuller Capital Account Convertibility.
“In my view, this was an issue peripheral to the mandate of the fuller CAC panel. I don’t think allowing participatory notes or banning them has any direct connection with convertibility. I think while reporting on convertibility, they have taken an opportunity to slip in a chapter on participatory notes. But I think it’s peripheral to the main mandate,” said P Chidambaram, Finance Minister.

NHAI to embark on huge data collection exercise
To develop per kilometer basis navigational systemSept 25: Aiming to develop a per kilometer basis navigational system for the highways, the National Highways Authority of India (NHAI) plans to embark on a huge data collection exercise along the Golden Quadrilateral and the North South East West stretches
Data would be collected on various parameters such as traffic growth, road quality, and location of wayside amenities, among others.

Inflation declines to 4.61 per cent

New Delhi September 23, 2006
Inflation declined to 4.61 per cent for the week ended September 9, down from 4.78 per cent in the previous week. This was mainly due to lower prices of manufactured products, cheaper chemicals, cement and some non-food items, government data said.
The wholesale price index (WPI) for all commodities was up by 0.3 per cent to 206.6 points from 197.5 points a year ago. Wholesale price-based inflation stood at 4.11 per cent during the corresponding week last year.

EXPORTS IN AUG UP 41% TO $ 10.3BN

Country’s merchandise exports continued to move on a high-growth track in August 2006, registering an increase of 41.14% to $ 10.3 billion compared to $ 7.35 billion in August 2005

Increase in imports was lower at 32.16% with the country importing merchandise worth $ 13.86 billion in August 2006 against $ 10.49 billion in the same month of the previous fiscal.

RBI TO CLEAR $ 1BN FOREIGN VC FUNDS IN REALTY SPACE

Foreign venture capital investment in the real estate sector may finally see the light of day. The funds had been blocked due to differences between regulators. The government has asked the banking regulator – the Reserve Bank of India – to approve proposals submitted over seven months ago by dozen foreign venture capital firms to invest in the Indian realty sector. These firms had lined up plans to invest over $ 1bn in real estate projects here.

IDBI TO ENTER VENTURE CAPITAL SPACE

Leading financial institution IDBI, which has converted itself into a bank, will soon become a venture capitalist – a role not many public sector institutions have so far tried to take on.

“The IDBI board recently cleared a proposal to set up a venture capital fund with an initial corpus of Rs 100 crore. The proposal, however, is subject to approval from the RBI.” Said S Muhnot, MD & CEO, IDBI Capital Market Services.

Questions

1)Name the country which emerged as the World’s second largest wealth creator between the year 2000-2005?

a)Singapore
b)Uk
c)India
d)China

2)Expand BRIC?

a)Bangladesh,Romania,India,Cuba
b)Brazil,Russia,India,China
c)Bangladesh,Russia,Ireland,Cuba
d)Brazil,Romania,Ireland,Canada

3)Which Indian Bank is going to enter into the Venture capital Market?

a)ICICI
b)IDBI
c)ENB
d)HDFC

4)Expand NHAI?

a)National Highway Authority of India
b)National Association Of Home Inspector
c)National Human Advancement Institute
d)National Human Association of India

5)Where is the Head Quarters of IMF(International Monitory Fund) located?

a)Washington D.C
b)Paris
c)Sydney
d)New Delhi

6)Name the online investment portal of IDBI Capital Market Service Ltd?

a)Idbi money builder.in
b)Idbi value builder.in
c)idbi resource builder.in
d)idbi paisa builder.in

Answers:

1)c
2)b
3)b
4)a
5)a
6)d

GLOBAL ECONOMIC REVIEW

INDIA RANKS FIFTH GLOBALLY IN ETHANOL PRODUCTION:
(ECONOMIC TIMES: 25 September 2006)

India ranks fifth in ethanol production next to European Union, china, USA, and Brazil. While India and china are in still in the process of formulating a biofuel policy. It will be mandatory for public oil companies to buy oil produced from jathropa, pongamia, other plants oils and sell it as a 5% blend, rising to 20% by 2020.

ACCEL TO FORAY INTO CAPITAL MARKET:
(ECONOMIC TIMES: 25 September 2006)

ACCEL frontline, an IT service provider, is entering the capital market with an initial public offerings (IPO) of 56.36 lakh equity shares of rs.10 each, through 100% book buildings process.

A MORE EQUITABLE IMF:
(ASIA TIMES: 19 September 2006)

The International Monetary Fund has decided to give more voting power to China and other developing nations. However, the rich countries, which have traditionally dominated the organization, will still be calling the shots.

ONGC BETS ON TERM OIL RIG CONTRACTS:
(ECONOMIC TIMES: 7 September 2006)

Public sector oil major ONGC could save close to a billion over the next 3 three years on charter of offshore drillings rigs, if the market continues to tighten going forward. In the past few years, ONGC has made big savings on similar long term contracts. It is betting that the market for drilling rigs will harden further.

INDIA GOES GLOBAL ON AEROSPACE:
(ASIA TIMES: 8 AUGUST)
An ambitious attempt to revive South-South economic cooperation around India, Brazil and South Africa is expected to receive a major fillip when the heads of state of these developing countries meet in Brazil during the second week of September. One beneficiary would be their aerospace industries.

GAIL PLAN TO LAY A NATIONWIDE GAS GRID:

GAIL (India) Ltd has submitted an Rs 5,887 crore plan to lay a nationwide gas grid over the next five years. The company recently submitted plans to the petroleum ministry to lay within next five years eight trunk lines

BUSINESS QUOTES

1) I’m not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.
By- Lord Acton.
2) Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.
By – W. Edwards
3) DemingBusiness, that’s easily defined – it’s other people’s money.
By – Peter Drucker
4) A budget tells us what we can’t afford, but it doesn’t keep us from buying it.
By – William Feather
5) A business that makes nothing but money is a poor business.
By- Henry Ford
6) You can’t operate a company by fear, because the way to eliminate fear is to avoid criticism. And the way to avoid criticism is to do nothing.
By – Steve Ross
7) Failure doesn’t mean you are a failure it just means you haven’t succeeded yet.
By- Robert H. Schuller
Employees make the best dates. You don’t have to pick them up and they’re always tax-deductible.
By- Andy Warhol
9) As a small businessperson, you have no greater leverage than the truth.
By- John Greenleaf Whittier
10) In modern business it is not the crook who is to be feared most, it is the honest man who doesn’t know what he is doing.
By- William Wordsworth

Global Economic Review

1.US-China launch ‘economic dialogue’
September 20 2006
The US and China announced the creation of a new “strategic economic dialogue” in which both countries would aim to grapple with the long-term issues arising from China’s emergence as a leading economic power.The dialogue will be led by Hank Paulson, the new US treasury secretary, and Wu Yi, the vice-premier responsible for trade and foreign investment policy. It will not directly address the vexed issue of China’s policy or other near term issues, which will continue to be dealt with through existing bilateral contacts.

Mr Paulson and Ms Wu will meet twice a year, and the process will continue at a senior official level. they are agreed to “focus on bilateral and global strategic issues of common interests and concerns.”They said the new dialogue would “promote economic co-operation and the growth of China-US relations” and contribute to “world economic development as well as global economic stability and security.”A US senior administration official said the mechanism was the “first of its kind” in US international economic relations. She said the US wanted to build a “mature” and long-term economic relationship with China, as it has for instance with Europe.Trade issues are now discussed in the Joint Commission on Commerce and Trade, established only four years again to handle difficult bilateral disputes.

2.Attack on India’s economic zone plan:-
September 24 2006
Since the passing of the Special Economic Zones Act in February, hundreds of businesses have rushed to take advantage of generous tax breaks, causing consternation in the finance ministry, the central bank and even the International Monetary Fund. Special economic zones have been established in several countries, most notably in China, where they attracted the foreign investment But economists believe the proposed SEZs are unlikely to help Indian manufacturers achieve scale efficiencies, since 133 of the 267 are less than 1 square kilometer in area. The average size is just 4.2 sq km.
In an attempt to raise the average size, the commerce ministry is in the process of specifying minimum investment levels of $55m for single-product SEZs and $220m for multi-product SEZs.With a further 200 applications in the pipeline, the finance ministry has mounted a rearguard campaign against SEZs, claiming they will cause an unaffordable revenue loss to the government of Rs900bn ($19bn) by 2009-10.In a continuation of a long-running turf war with the commerce ministry, finance ministry officials said the scheme was providing unnecessary tax breaks to real estate development that would have taken place regardless of whether there was a SEZ scheme in place

UK in secret deal with Italy on China trade
Britain has offered a secret deal to Italy under which it would back Rome’s demand for punitive tariffs on cheap Chinese shoes in return for Italian support for the UK’s long-hours work culture.The fact that Britain is prepared to put aside its free-trade principles in the shoe dispute is a sign of its fear that other member states could try to axe its “opt-out” from Europe’s maximum 48-hour working week when the issue is debated in November.
Britain has just enough EU member states ready to support its exemption from the working time directive – seen as a vital part of Britain’s flexible labour market – but the coalition is flaky. The Financial Times has learnt from a number of sources that Britain is desperate to bring Mr Prodi back on board, offering to back a protectionist bloc of EU countries – led by Italy – that wants anti-dumping duties on Chinese and Vietnamese shoes.
A proposal for anti-dumping duties from Peter Mandelson, EU trade commissioner, has left governments deadlocked, with 12 countries in favour and 13 against his plan to impose five-year duties of 16.5 per cent for leather shoes from China and 10 per cent for Vietnam. A new agreement is needed before interim shoe duties expire on October 6. A British spokesman declined to confirm or deny the talks with Italy. We don’t comment on confidential discussions,” he said.

Sources:- www.ft.com
www.bloomberg.com
www.economist.com

QUESTION:-

1. Which company introduced G-mail?
A.REDIFF
B.YAHOO
C.GOOGLE
D. ORKUT
2.Who is the current vice-chairman of NASSCOM?
A. KIRAN KARNIK
B. P.CHIDABARAM.
C. BILL GATES.
D. JERRY RAO
3. Who are the founders of Yahoo?
a.sunil mittal.
b.sabeer Bhatia.
c. jerry yang and david filo.

4. What is the punch line of AIR-DECCAN?
a. fly high.
b. Reach new heights.
c. Simply fly.

5. The expected Bio-fuel needs by 2010 for transportation issued by Europian Union is?

a. 6.00%
b. 5.20%
c. 5.75%
d. 4.75%

6. Which is the by-product added with Zatropa oil to produce Bio-fuels?

a. petrol.
b. Ethanol.
c. Bio-proucts
d. Water

Answers

1. Google
2. Jerry Rao
3. Jerry Yang and David Filo
4. Simply Fly
5. 5.75%
6. Ethanol

GLOBAL POLITICAL REVIEW

Sonia Gandhi: Tough Anti Terrorist Action should not polarize society (25/09/06)

Cautioning against the tendency of equating minorities with terrorist activities, congress leader Sonia Gandhi said that the tough anti terrorist action should not polarize the society. The pm said that the underlying sense of insecurity among Muslims was one reason why communal sensitivities continued to remain even as communal tension seemed to have declined.

Anti Blair Protest in Manchester (25/09/06)

Mass anger against British PM Tony blairs policies especially his foreign policy agenda, made the protestors who came from all over Britain and take over the city is what the organizers claimed was the largest ever demonstration to get rid of its leader. They feel that the PM’s policies would lead the country only to disaster.

Hopeful on Iran Chivalry

French president Jacques Chivalry said that he was optimistic that contacts between Iran and international community would produce a solution to the stund-off over the Iranian nuclear programme.

Bush taken aback by “Bomb attack report”

US president George W Bush said on Friday said that he was taken aback by a purported US threat to bomb Pakistan if it did not co-operate in the war against terrorism. He also praised Pakistan President Parvez mushraf to be one of the foreign leaders to come out and help uproot an enemy. The Pakistan president said “we are on hunt together to find Osama”.

ADVERTISING FUNDAS

NIELSEN commercials ratings get US launch in November

A new advertising rating system has been introduced where the advertisers will be able to know how many people are watching the tv commercials which gives the ad companies the effectiveness of their campaign.

LONDON-KELLOG’S NEW ADVERTISING CAMPAIGN

Kellog’s has unveiled a new advertising campaign ,which highlights the benefits of eating its low fat cerealcompared with not eating breakfast at all.

INDIA-NEWS
Tanishq plans to unleash an advertising campaign to lure customers into buying jewellery during the festive season from October to March.a TV burst is planned from the middle of October leading to Deepavali,Ramzan,the wedding season there after followed by Christmas and Sankranti.

NEWS-India Brand Summit-2006

According to the consensus reached at the India Brand summit 2006 held in Mumbai,consumers are fed up with advertising clutter on the television.They don’t ant to endure it any more.nless advertisers wake up to thos reality-the growing power of the consumer interactivity in advertising-more media campaigns will be skipped on the television.As of now, conventional media has not responded well to the interactivity.

GLOBAL MARKETING

HP showcases new devices in China

The HP Asia Pacific Fall 2006 Consumer Launch – InTouch event that was showcased in China showed the user-driven technology experience in the use of notebook computers, printers, scanners or hand-held devices.
HP is strengthening its printing technology by introducing over 70 new innovative products.

MTV Gear’s winter collection

Autumn Winter 2006 collections were introduced in the market of Kerala by MTV Gear (earlier MTV Clothing and Accessories) on the special occasion of Onam.
The collection include plays with colours, highlights, fabrics and exclusive denim range from MTV Gear.

Scorpio drives into Kenya

The new Scorpio now entered the Kenya market by Mahindra & Mahindra’s launch of the vehicle as part of a series of international launches.
Oriel Ltd, a Kenyan company was appointed to distribute the vehicle in the country.
The new Scorpio SUV is being launched in Kenya with 40 changes and improvements.

Personalised Employment Pass for Foreigners

Singapore has introduced a new Personalized Employment Pass (PEP) was introduced in Singapore to set foreign talent free to switch jobs.
Foreigners working in Singapore for a few years and earning atleast $30,000 a year will be eligible for PEP.
The pass will be issued depending on the applicant merits with validity for five years. This will allow the pass holders to remain unemployed for six months in between jobs and will also do away with the requirement to reapply when they change job.

Hyundai to invest $700 more in TN

Hyundai, a South Korean company is set to invest an additional $700mn directly into its Indian operations based in Tamil Nadu for expansion of Hyundai motor in Indian passenger car capacity to 6lac units/annum.

Vijay Mallya takes over the Taittinger’s local winery bouvet ladubey
After bowing out of the Taittinger race due to French nationalist sentiments over the future of a leading champagne asset, Mr Mallya took over Taittinger’s local winery bouvet ladubey.
For UB group , the acquisition of Domain Carneros gives the group a foothold in California.
UB is also close to snapping up a winery in South Africa which is a promising new world market for the wine industry.

Ascendas moots $1bn exposure in TN

Singapore based property developer Ascendas has proposed an investment of $1bn in two multi-product Special Economic Zones in Tamil Nadu.
The proposal will be taken up at the board of approval for SEZ’s in October.

References:-
1. Business Line
2. Economic Times
3. Business World

BUSINESS ON BRAND

Coke, Pepsi turn to non-cola beverages

The cola majors are back with their marketing blitzkrieg. Due to controversy behind Pepsi-Cola, the market was cold but now they are back with new ad campaigns with more creativity and works.
The company decided to involve lots of non-cola beverages like juices, energy drinks, tea and coffee. Pepsi is learnt to be planning to launch its Tropicana Twister from a long time. In India Coca-Cola India more emphasis on increasing coffee and tea brand Georgia’s presence and preparing for the launch of juice brand Minute Maid.
Coke claims that Maaza is now the largest selling fruit drink brand, beating the likes of Frooti and Tropicana. There are also plans to increase the presence of Georgia Gold Frosts, the cold tea and coffee vending machines. Minute Maid, the juice brand to be launched by Coke early next year, the plans are to launch it first in hotel chains. The flavours to be launched in India are being decided upon
Cola sales are on a decline globally. In India, the last one year has seen non-cola beverages grow 3-4% higher than colas. Therefore it is felt to focus on juices, energy drinks, tea and coffee more.

Tata brand bag fattens further

“The brand image is monitored through bi-annual ‘brand health checks’ and the evidence of strength and renewal is very clear,” said Mr Gopalakrishnan. When compared with global brands, the Tata brandwouldhave been the 58th. brand from among the top 100 global brands.
The brand building efforts include a press campaign for launching the brand and a multimedia campaign for The Century of Trust, the support of sports activities like the Tata Open Tennis tournament and Narain Karthikeyan for Motor Racing, launch of the business quiz.
The funds are also utilised to create awareness of the Tata brand and the Tata way of doing business internationally. In South Africa, where the Tatas are investing in a big way, the brand building exercise involves mobile exhibitions, organising lectures at various management institutions and starting an adult literacy programme.

Pizza Hut to improve brand visibility

Wieden & Kennedy has won the £10 million Pizza Hut account following a four-way pitch against Clemmow Hornby Inge, WCRS and Bartle Bogle Hegarty. The win adds to the £4.5 million-worth of business the agency brought in last week when it triumphed in the Sky One pitch against Clemmow The brand’s advertising will now focus on raising the profile of the business. W&K will provide a brand idea for the restaurant chain suitable to run across all media. The first campaign will break in six weeks and ads will focus mainly on TV and radio. Pizza Hut has recently extended its menu to include healthier options, such as the Hi-Light-branded low-fat pizzas and a bigger range of salads.The 616-outlet Pizza Hut chain, a joint venture between Whitbread and Yum! Brands, plans to open a further 65 restaurants this year.

IIM alumni to create global brand

On June 11, as about 150 alumni of the Indian Institutes of Management gathered for the first ever pan-IIM alumni conference in the US. Vivek Paul, president of Wipro Technologies, gave the keynote speech on “Building Global Organizations,” while the rest of the day was devoted to sessions on launching and shaping a new IIM alumni organization. IIM-USA interim president Ashima Jain said that there are between 1,500 and 2,000 IIM alumni in the U.S., which is now a “critical mass” to form chapters, hold pan-IIM events and interact with IIM graduates inother countries More than 450 IIM alumni from the six institutes are now brainstorming through an IIM focus group on Yahoo, with more being added each day, said Jain, an IIM-Ahmedabad graduate who works in the transaction services structuringdepartmentatPriceWaterhouseCoopersinSanJose,Calif.

Bharti Airtel plans mega brand push

Hong Kong’s Hutch made history of sorts in terms of cellular brand recall with its popular catchline: ‘Wherever you go, our network follows’. Now, Bharti Airtel plans to go a step further. It is poised to unleash a no-holds-barred national brands blitz in early September.
A campaign that aims to not merely bring home the robustness of Bharti’s 23-circle cellular network, but also underscore the depth of Airtel’s basket of value-added services on the network.
The proposed Bharti Airtel brands blitz comes on the heels of the company inking a $1bn network expansion deal with Sweden’s Ericsson. Bharti has just asked Rediff DY&R to develop the creative campaign.

“Our upcoming national brands campaign will go beyond just a voice network and will position Airtel as an innovative network that allows a subscriber to do whatever he pleases — be it gaming, music downloads, news, watching video-clips to GPRS in any location. Which is why, we have encapsulated the essence in a single line, ‘Go wherever, do whatever’.

The campaign is being developed as a mass interest one that consumers can identify with, and not just on the business applications of a cellphone.

Amul to become world’s largest liquid milk brand

Amul is set to become the largest liquid milk brand in the world after the consolidation of Gujarat’s milk cooperatives which envisages bringing all district milk brands under the Amul umbrella brand. Until now, Amul’s marketer GCMMF claims, it is Asia’s largest milk brand.
The market of the Amul brand of liquid milk will increase by 36-38 lakh litre per day to 45-46 lakh litre a day, once the district-level milk brands are phased out. The market size for Amul milk will increases further by 2 lakh litres if sales from liquid milk in paper box packs are also added to pouched milk sales.
The sales of the ‘Amul’ brand of liquid milk would also cross Rs 1,000 crore from about Rs 900 crore at present. The Gujarat Co-operative Milk Marketing Federation (GCMMF), the apex marketing body of dairy co-operatives, sells about 35 lakh liter Amul brand of liquid milk per day in parts of India.
Last week, a majority of the GCMMF board members had agreed to phase out district level liquid milk brands, among them being Sumul of Surat, Baroda Dairy of Vadodara, Dudhsagar of Mehsana and Gopal of Rajkot. Bhatol added that brand Amul would help the smaller unions to compete with unorganised players more effectively.

Amul will become probably world’s largest selling liquid milk brand. Amul brand will get additional market of over 11 lakh liter milk per day once the new arrangement will be in place. The total sale of Amul milk would be in the region of 48 lakh liter per day

Govt allows 51% FDI in single brand retail showrooms

Despite the mounting pressure from Left parties, the Manmohan Singh government has decided to allow foreign direct investment (FDI) in retail outlets meant exclusively for ‘single brands’.

This will allow multinational giants to invest in Indian outlets meant for premium brands like Chanel, Nike, Louis Vuitton, Gucci or Reebok. Foreign companies will be allowed to invest up to 51% in joint ventures that set up such outlets.

The Cabinet also decided to allow 100% FDI through the automatic route in power trading, greenfield airports, petroleum marketing infrastructure, warehouse for coffee and rubber, industrial explosives, diamond mining, hazardous chemicals and coal mining for captive use

The proposal to open up ‘branded retail’ for FDI was kept on the backburner due to the opposition from the Left parties. But the government has opted to march forward, probably in a bid to lift the cloud hanging over the Capital due to the political developments in Karnataka and the Supreme Court ruling on the Bihar assembly dissolution.

Commerce and industry minister Kamal Nath had proposed the opening up of ‘branded retail’ to FDI. The move would help the government test the waters by gradually opening up major segments of retail to FDI. Investment in these premium brands would not hurt mom and pop stores,as reported by the government officials.