PERSONALITY QUOTES

“what a country ! Part Silicon Valley;part Sone Age”.

                                                            steve Hamm,author of Banglore Tiger India,in business Week.

“Its like a hockey stick.(The Indian manufacture market ) was very,very low for many years and now it has started going up”

                                                            Jukka Lehtela, director of nokia’s India operations,in christian science monitor.

“china stil has big infrastructural bottlenecks.Indian courts may take a very long time to deliver justice ,but at least there are courts -the Chinese system is hardly as well developed ”

                                                            Hans Paul Burkner,President and CEO,boston consulting group,in Business Standard.  

“For me ,telecom has always been a journey not a point where telecom is going on auto-pilot.

                                                           Sunil Mittal,CMD,Bharti Group,in Indian Express.

“We didn’t cook this deal up,it wasn’t microwaved .This was like an Indian curry where you’ve got to marinate the ingradients for a long time”

                                                            James Leng,Chairman of Anglo-Dutch steelmaker corus ,after approving Tata steel’s takeover bid ,in Business Standard

                                                                         

“People who play in popular stocks where expectations are high ,are playing a fool’s game”

                                                              David Trainer ,founder of New constructs ,a US based independent equity research firm,in Fortune.

                                                                                        

group06(15A)           

MARKETING (NOV 27 – DEC 1)

NDTV partners Karan Johar

Nov. 30 2006, Business Line

NDTV has announced its partnership with film maker Karan Johar’s production company, Dharma Productions, for the launch of its entertainment channel. Dharma Productions will produce shows for NDTV’s entertainment channel. The channel will have the first right of refusal on any programmes that Dharma produces for television. Johar will be on the board of NDTV’s entertainment company, and his company Dharma Productions will hold an equity stake in it. Johar will also be an ambassador for the NDTV entertainment brand. The entertainment channel is being launched as part of NDTV’s expansion beyond the news.

Hilton Hotels, DLF join hands

Nov. 30 2006, Business Line

Hilton Hotels Corporation has announced that it would create a joint venture company here with DLF Ltd (DLF) to develop and own 75 hotels and service apartments over the next seven years. The initial stage of the joint venture will see 20 hotels coming up across the country including
Chandigarh, Chennai and Kolkata. In a statement the company has said that a large number of these hotels are expected to be Hilton Garden Inns, which is a business hotel brand. DLF will hold a 74 per cent stake in the joint venture company with Hilton holding a minority stake. Over the next five-to-seven years Hilton plans to invest $143 million in the JV Company, before consideration of debt.

Tata Indicom’s `One Nation’ plan

Nov. 29 2006, Business Line

Tata Indicom, has launched a tariff plan that offers all domestic calls (local and STD) at Re 1 a minute and all domestic calls to Tata Indicom phones at Re 1 for three minutes. This `One Nation’ tariff is for its post-paid Walky customers, and comes at a monthly rental of Rs 180, free calling value of Rs 50 included. The earlier local and STD tariff was Rs 2.40 a minute.

CPI(M) opposes Bharti, Wal-Mart tie-up

Nov. 29 2006, Business Line

Calling it a back door entry by FDI in retail in the country, the CPI (M) has opposed the Bharti-Wal-Mart deal. FDI is not possible in retail under the existing policy on foreign investment in
India. “The Wal-Mart’s franchisee agreement with Bharti Enterprises is an attempt to circumvent existing policy regulations to get a foothold in the Indian market,” said the party in a press release.  

Shah Rukh’s endorsements on the rise

Nov. 28 2006, Business Line

Actor Shah Rukh Khan, who’s in the news for taking over from Amitabh Bachchan as the new host of TV game show Kaun Banega Crorepati 3 (KBC), has endorsed products as diverse as automobiles, biscuits, garments, computers, watches and talcum powder, not to mention social causes such as the Pulse Polio and AIDS control programmes. AdEx India, in its Celebrity Track analysis, says the actor’s basket of endorsements expanded to 21 products in 2005 from 13 in 2004, a 62 per cent jump. In the first quarter of 2006, he has endorsed 16 brands, 76 per cent of the 2005 figure.  

OUTSOURCING(20-29TH NOVEMBER)

US Airways, Delta Merger Could Cost IBM Millions in Lost Outsourcing Revenue: 

The proposed merger between US Airways and Delta Airlines could result in the termination of the seven year outsourcing deal signed between Delta and IBM in August, the value of which was not disclosed, and is estimated to be worth tens of millions of dollars. US Airways CEO Douglas Parker said in a letter to Delta CEO Gerald Grinstein that Delta’s outsourcing contracts are appropriate for a standalone plan, but it would be different if Delta is merging. US Airways CEO said if Delta continued with its IT outsourcing deals and any other contracts, the potential merger would be significantly devalued.
US Airways is attempting an $ 8 Billion hostile take over of its bankrupt rival.

Source: http://www.informationweek.com, 20th November 2006.

 

TCS To Hike Outsourcing Prices: 

Tata Consultancy Services will increase the price of its services by as much as 10% on new contracts. It will hike prices on new contracts from 5% to 10% and will push for an increase of 3% to 5% on existing contracts that are up for renewal. Rising salaries in
India, combined with TCS’s move into higher value services are the reasons for the increases. Offshore service providers charge customers between $20- $25 per hour for programming services considerably less than the prevailing rates in the
United States.

Source: http://www.informationweek.com, 27th November 2006.

 

Indiana May Turn Over Welfare System To IBM Under $1.6 Billion Outsourcing Deal: 

IBM would provide
Indiana with intake processing services and set up an automated welfare eligibility application system that will be accessible online 24hours a day. In exchange for the work, IBM has agreed to create 1,000 new jobs in
Indiana over the next four years. Many of those will be located at a new customer service center that IBM has pledged to open in the state at a location yet to be determined. 

Source:- http://www.informationweek.com, 29th November 2006.

 

Carlyle Group Plans Bid For
Taiwan’s ASE: 

A private equity consortium led by The Carlyle Group is planning to make a $5.5 billion bid for the world’s biggest microchip packaging firm, Advanced Semiconductor Engineering. By this ASE would be in a position to better take advantage of accelerating global outsourcing trends for semiconductor assembly and testing services.

Source:- http://news.techrepublic.com, 25th November 2006.

 

Helion Ventures In Outsourcing: 

Helion Ventures are in investing nearly $150million in outsourcing, internet, mobile and technology products and about $4.4billion will flow to
India. Nearly $2.2million will be in the mobile sector.Two deals will be made in the legal processing outsourcing.

Source : The Economic Times, 25th November 2006.

 

OUTSOURCING(20-29TH NOVEMBER)

US Airways, Delta Merger Could Cost IBM Millions in Lost Outsourcing Revenue: 

The proposed merger between US Airways and Delta Airlines could result in the termination of the seven year outsourcing deal signed between Delta and IBM in August, the value of which was not disclosed, and is estimated to be worth tens of millions of dollars. US Airways CEO Douglas Parker said in a letter to Delta CEO Gerald Grinstein that Delta’s outsourcing contracts are appropriate for a standalone plan, but it would be different if Delta is merging. US Airways CEO said if Delta continued with its IT outsourcing deals and any other contracts, the potential merger would be significantly devalued.
US Airways is attempting an $ 8 Billion hostile take over of its bankrupt rival.

Source: http://www.informationweek.com, 20th November 2006.

 

TCS To Hike Outsourcing Prices: 

Tata Consultancy Services will increase the price of its services by as much as 10% on new contracts. It will hike prices on new contracts from 5% to 10% and will push for an increase of 3% to 5% on existing contracts that are up for renewal. Rising salaries in
India, combined with TCS’s move into higher value services are the reasons for the increases. Offshore service providers charge customers between $20- $25 per hour for programming services considerably less than the prevailing rates in the
United States.

Source: http://www.informationweek.com, 27th November 2006.

 

Indiana May Turn Over Welfare System To IBM Under $1.6 Billion Outsourcing Deal: 

IBM would provide
Indiana with intake processing services and set up an automated welfare eligibility application system that will be accessible online 24hours a day. In exchange for the work, IBM has agreed to create 1,000 new jobs in
Indiana over the next four years. Many of those will be located at a new customer service center that IBM has pledged to open in the state at a location yet to be determined. 

Source:- http://www.informationweek.com, 29th November 2006.

 

Carlyle Group Plans Bid For
Taiwan’s ASE: 

A private equity consortium led by The Carlyle Group is planning to make a $5.5 billion bid for the world’s biggest microchip packaging firm, Advanced Semiconductor Engineering. By this ASE would be in a position to better take advantage of accelerating global outsourcing trends for semiconductor assembly and testing services.

Source:- http://news.techrepublic.com, 25th November 2006.

 

Helion Ventures In Outsourcing: 

Helion Ventures are in investing nearly $150million in outsourcing, internet, mobile and technology products and about $4.4billion will flow to
India. Nearly $2.2million will be in the mobile sector.Two deals will be made in the legal processing outsourcing.

Source : The Economic Times, 25th November 2006.

 

Company News

Sun TV’s merger plan
Sun TV plans to merge satellite television broadcasting companies with itself, according to information provided by the company to the Bombay Stock Exchange. Its board will consider the merger on November 27. When contacted, company officials declined to comment.
Business line –21 Nov 2006
GM lays foundation stone for Talegaon plant
General Motors Corporation on Tuesday laid the foundation stone for its second plant in the country at Talegaon near Pune to manufacture mini car Chevrolet Spark and said the plant would also manufacture several other cars in the segment from its global portfolio of small cars.
Business line –22 Nov 2006
Madura Garments, Sierra tie up
Madura Garments has entered into a tie up with Sierra Industrial Enterprises to introduce Louis Philippe, Van Heusen and Allen Solly brands of footwear.
Business line –24 Nov 2006
NTPC to spend Rs 6,000 cr on coal block
NTPC Ltd plans investments to the tune of around Rs 6,000 crore for developing its 15-million-tonnes per annum Pakri Barwadih captive mine — the first of a series of eight mining blocks allotted to power major
Business line –25 Nov 2006

MARKETING (NOV 20 – NOV 25)

SAB Miller plans capacity expansion

Businessline 25 Nov 2006

Beer maker SAB Miller is planning to expand its capacities through four big projects in six months. These projects will add another 4.5 million hectoliters to the existing capacity. The new projects will involve an investment of around Rs.200-250 crores. The beer maker has integrated with Foster which is expected to add 4.5 million cases every year, which will in turn take SAB Miller’s production to 35 million cases. 

 Spencer’s opens first outlet in Mumbai

Businessline 25 Nov 2006

 RPG Group launched its first retail outlet Spencer’s in Mumbai. The Spencer’s express store is spread over an area of 1,050 square feet and will offer groceries, food items and other household products including fresh food, chilled and frozen products and bakery items. 

Domino’s Pizza to strengthen presence

Businessline 24 Nov 2006 Domino’s Pizza India Ltd is planning an aggressive expansion plan to strengthen its presence in the domestic market with an investment of Rs.50 crores for 2007-08. The company currently owns 35% market share in the domestic pizza market. It recently endorsed Bollywood star Arshad Warsi as its new brand ambassador to target audience between the age group of 25-35 years. He is going on air on 24 November announcing a new product Cheese Burst Pizza that has a marketing spend of around Rs 6 crores. 

Khaitan’s retail segment foray

Businessline 24 Nov 2006

With the launch of Khaitan City and Khaitan Fantasy outlets, Khaitan Electricals Ltd. is foraying into the retail market. The company has diversified into isolators, distribution boxes, miniature circuit breakers and residual current circuit breakers. Khaitan Fantasy outlets will stock designer fans ranging from Rs. 5,000 to a lakh. Khaitan City outlets are set to open within a week, while the first Khaitan Fantasy outlet would open by early January 2007. 

PepsiCo to buy Naked Juice

Businessline 23 Nov 2006 PepsiCo Inc has decided to buy Naked Juice Co to expand sales of natural juice drinks and compete with Coca-Cola Co’s Odwalla brand. It had also acquired healthier beverage and food companies including Izze and Stacy’s Pita Chips in the past year to attract soda drinkers. 

Anita Roddick to help L’Oreal source from farmers

Businessline 23 Nov 2006

Dame Anita Roddick, Founder and Co-Chair of The Body Shop, is going to help the cosmetic giant L’Oreal to shift to community trading for its purchase programme in the cosmetics business. She would be spending 25 days in a year the help L’Oreal embrace the community programme similar to what Body Shop has.

 

PERSONALITY QUOTES(NOV 20-NOV 22)

The standard or referrence for all we do is
Toyota . It is a flawless machine .

                                                        SERGIO MARCHIONNE,CEO,FIAT GROUP.

What are we witness  today is like an atom bomb being dropped on the economy.Everyone is running and nobody knows what to do.

(on attrition rates in the banking sector reaching 20-25% in
India)

                                                         K.RAMKUMAR,HEAD,HR,ICICI BANK.

Liquor companies have realized that the growth in spirits is flat,while beeris just okay.So they are talking to wine companies.

(on growth of wine market at 30% a year)

                                                         RAJEEV SAMANT  

 

In 2007 calendar year we have targeted to pump in $500 million in direct equity participation in Indian companies .

(worbus to invest in 3 listed cos in
India)

                                                        GEORGE MOLAKAL, DIRECTOR OF TEXAS BASED WORBUS INTERNATIONAL .

There is enough space for the two (
India &
China) countries to develop in a mutullay supportive manner while remaining sensitive to each other’s concerns and aspiration ,as befits good neigbhours and partners for mutual benefit.(on the event of President of china Mr.Hu Jintao visit to
India)

                                                        MR.MANMOHAN SINGH,PRIME MINISTER OF INDIA.

 

The visit of the Chinese premier and the B-to-B meetings that will follow ,will have a wide-reaching impact on trade and commerce between the two countries.

(on the event of President of china Mr.Hu Jintao visit to
India)

                                                        T.S.VISHWANATH ,HEAD-INTERNATIONAL TRADE POLICIES,CII.

 

                                                           

  

                                                        

 

 

 

 

 

 

 

 

  

 

 

RESEARCH AND DEVELOPMENT IN BUSINESS ARENA(NOV 20-24)

Nokia and Shanghai Unicom complete public EGPRS demonstration in China

The
Shanghai branch of
China Unicom (
Shanghai Unicom) announced today a number of new mobile services at the
Shanghai Unicom EGPRS Data Service Press Conference held in
Shanghai. A range of advanced data services based on Nokia’s EGPRS solution, including Near Field Communication (NFC), push email, vCard, and WAP browsing, were demonstrated at the event. It marks
China Unicom’s first public EGPRS service demonstration.  November 22, 2006************************************************************Bouygues Telecom launches Sierra Wireless PC card in
France 

Sierra Wireless (NASDAQ: SWIR – TSX: SW) and Bouygues Telecom today announced the launch of a new Sierra Wireless PC card on Bouygues’ network in
France. The Bouygues Telecom “Carte Internet haut débit mobile,” also known as the Sierra Wireless AirCard(R) 850 wireless wide area network card, is available today through Bouygues retail locations, business sales channels, and online. Bouygues Telecom and Sierra Wireless previously collaborated to offer mobile data customers the AirCard 775 card for EDGE networks. 23 NOV 06

************************************************************

Lizard relocation part of conservation study

With many
New Zealand lizard species threatened or declining in numbers, Massey conservation biologists are mounting a study to add to the slender body of knowledge on these little creatures.The
Auckland based Ecology and Conservation Group, led by Associate Professor Dianne Brunton is launching a study on lizards and how they fare after translocation.
New Zealand has more than 60 species of lizards – either geckos or skinks – all of them protected.GROUP MEMBERS

1. SUHRAJEET JEE- FK1295,ADITYA PANIGRAHI-FK1318,SRIKANT KUMAR-FK 1359,VINOTH KUMAR-1340, KRYSTYNA S-FK 1370, REMEETHA RAMADASS –FK 1449

Retail Finance (Nov 13-20)

Pru ICICI expects interest rates to tighten

Source: Business Line, Nov 13, 2006

Prudential ICICI Asset Management Company, a private sector fund house, expects interest rates to increase a little further from now to February or March next year, as liquidity gets tighter. “The Reserve Bank of India has raised repo by quarter percentage point. It has kept reverse repo unchanged. The widening of corridor will succeed only if liquidity gets tighter. You will see a scenario, where RBI will run tight liquidity in second half,” Mr Nilesh Shah, Chief Investment Officer, Prudential ICICI told reporters.

Retail loans surpass overall credit growth

 Source: Business Line, Nov 15, 2006

Retail loans have surged by 40.9 per cent in fiscal 2005-06, which was higher than the overall credit growth of 31 per cent, according to the RBI’s report on Trend and Progress of Banking in India. In the retail loans segment, auto loans experienced the highest growth followed by credit card receivables, other personal loans (loans to professionals and for education) and housing finance. Auto loans increased by 75.1 per cent to touch Rs 61,369 crore in 2005-06, against Rs 35,043 in 2004-05. Housing loans increased by 33.4 per cent to Rs 1,79,116 crore (Rs 1,34,276 crore). As a percentage of gross advances, retail loans increased from 22 per cent in March 2004 to 25.5 per cent in March 2006.

`SBI Tiny’ account launched Source: Business Line, Nov 20, 2006

`SBI Tiny’, the no-frills account targeting villagers, has been launched by the State Bank of India Regional Business Office Sangareddy, in Medak district of Andhra Pradesh on Sunday. As part of the bank’s financial inclusion strategy, officials will help villagers open accounts at their doorstep. Mr B. Venkatesham, District Collector and Magistrate of Medak district, and the local representatives present on the occasion handed over select `SBI Tiny’ Cards to the villagers of Thogarapally village in Sangareddy Mandal.

National Politics [20-24nov]

DoT shortlists 21 cos for rural infrastructure

 

 

The Department of Telecom has shortlisted 21 companies for setting up passive cellular infrastructure in rural areas with support from the Universal Services Obligations (USO) Fund. The list of companies shortlisted include Ericsson, Quipo Telecom, GTL Infrastructure, ITI Ltd, Spanco Telesystems, TCIL, Acme Telepower, RailTel and TVS ICS.

 

Barring Reliance Communications and HFCL, all the others in the race are core infrastructure providers. Passive infrastructure in a mobile network essentially involves acquiring land, setting up towers and electrical and civil works that needs to be in place before operators can install the active infrastructure such as wireless radio equipment which brings mobile services to the consumers.

 

Business Line, Nov. 21, 2006

 

 

Hu, Manmohan find common ground

 

India and China on Tuesday agreed to make the positive development and diversification of bilateral relations in recent years into an irreversible trend. Towards this end, the two countries committed themselves to not only encouraging two-way investment flows, but also indicated that they would work to double the volume of bilateral trade to $40 billion by 2010.

The leaders also committed themselves to pursue a 10-pronged strategy to upgrade India-China relations to a qualitatively new level and to further substantiate and reinforce the strategic and cooperative partnership.

 
Business Line, Nov. 21, 2006

 

`Social security cover for all workers soon’

 

 

Minister of State for Labour and Employment (Independent Charge) said that The Government is planning a comprehensive legislation to extend social security cover to all workers, said Mr Oscar Fernandes.

 

Business Line, Nov. 21, 2006

 

SEBI’s  New Step

 

SEBI’s new integrated market surveillance system will go live from December 1.

 

The system will enable the regulator to get market data on real-time basis from stock exchanges, clearing houses and depositories.

 

The system will enable SEBI to analyse information on market transaction immediately and develop parameters that will generate alerts highlighting abnormal market movements.

 

This will be in addition to, and not a substitute for, the surveillance activities being carried out by stock exchanges.

 

Business Line, Nov. 22, 2006

 

MY EXPERIMENT WITH TRUTH
PROFILE:AN AUTO BIOGRAPHY BY M.K.GANDHI
 INTRODUCTION:
The Story of my Experiments With Truth” is a real account of experiments with truth or what is percieved to be the truth. Gandhi, the youngest of three sons was born and brought up in Porbandar, India. His love for truth and respect for all humanity was put in him by his father who was a lover of his clan, truthful, brave and generous…” His mother too left him with an outstanding impression of saintliness” as “she was deeply religious”, a woman devoted to prayer and fasting. It’s on this background that Mr. Gandhi built his life of Experiments on.
REVIEW:
Gandhi makes it clear at the beginning of the book that this is the only way to gain truth. Not to be strongly influenced by others. His agreements and fondness of other theologians really only comes after his experiments. They have to agree with him first. As you begin to read this book, you are on a journey. It’s like being a Martian or being from another planet simply because Gandhi will simply not take anything as truth unless he has experimented with it himself. He was very much the spiritual scientist. This book is also very easy reading. The chapters are short enough to stop and come back to as well. And it is journey which nearly killed himself SMOKING! Gandhi makes clear that anybody can follow. You can’t really follow this man’s experiments. He wants you to do your own experiments. So this book is really quite an adventure. Gandhi’s politics, as he makes clear in this book, really stem from his experiments in truth. You can begin yourself. Wake up, tell your wife she is fat, and see what happens! Gandhi came to the conclusion of always practicing “ahimsa”. He would practice it over and over again to see if it worked. And he came to the conclusion that it did. As he once said, “Ahimsa is heaven”. Ahimsa means non-violence in thought, word, and deed. One can still defend oneself while loving one’s enemy. He saw “satya”, or truth as synonymous with non-violance. This man stole at one point, eat meat, was far from celibacy. Buy and read this fabulous scientific inquiry into “How to Live”. Then start experimenting for yourself. Good luck on your journey. And please be careful with your duty and remember Gandhi’s word for ever.

MY EXPERIMENT WITH TRUTH
PROFILE:AN AUTO BIOGRAPHY BY M.K.GANDHI
 INTRODUCTION:
The Story of my Experiments With Truth” is a real account of experiments with truth or what is percieved to be the truth. Gandhi, the youngest of three sons was born and brought up in Porbandar, India. His love for truth and respect for all humanity was put in him by his father who was a lover of his clan, truthful, brave and generous…” His mother too left him with an outstanding impression of saintliness” as “she was deeply religious”, a woman devoted to prayer and fasting. It’s on this background that Mr. Gandhi built his life of Experiments on.
REVIEW:
Gandhi makes it clear at the beginning of the book that this is the only way to gain truth. Not to be strongly influenced by others. His agreements and fondness of other theologians really only comes after his experiments. They have to agree with him first. As you begin to read this book, you are on a journey. It’s like being a Martian or being from another planet simply because Gandhi will simply not take anything as truth unless he has experimented with it himself. He was very much the spiritual scientist. This book is also very easy reading. The chapters are short enough to stop and come back to as well. And it is journey which nearly killed himself SMOKING! Gandhi makes clear that anybody can follow. You can’t really follow this man’s experiments. He wants you to do your own experiments. So this book is really quite an adventure. Gandhi’s politics, as he makes clear in this book, really stem from his experiments in truth. You can begin yourself. Wake up, tell your wife she is fat, and see what happens! Gandhi came to the conclusion of always practicing “ahimsa”. He would practice it over and over again to see if it worked. And he came to the conclusion that it did. As he once said, “Ahimsa is heaven”. Ahimsa means non-violence in thought, word, and deed. One can still defend oneself while loving one’s enemy. He saw “satya”, or truth as synonymous with non-violance. This man stole at one point, eat meat, was far from celibacy. Buy and read this fabulous scientific inquiry into “How to Live”. Then start experimenting for yourself. Good luck on your journey. And please be careful with your duty and remember Gandhi’s word for ever.

MY EXPERIMENT WITH TRUTH

PROFILE:AN AUTO BIOGRAPHY BY M.K.GANDHI
 INTRODUCTION:
The Story of my Experiments With Truth” is a real account of experiments with truth or what is percieved to be the truth. Gandhi, the youngest of three sons was born and brought up in Porbandar, India. His love for truth and respect for all humanity was put in him by his father who was a lover of his clan, truthful, brave and generous…” His mother too left him with an outstanding impression of saintliness” as “she was deeply religious”, a woman devoted to prayer and fasting. It’s on this background that Mr. Gandhi built his life of Experiments on.
REVIEW:
Gandhi makes it clear at the beginning of the book that this is the only way to gain truth. Not to be strongly influenced by others. His agreements and fondness of other theologians really only comes after his experiments. They have to agree with him first. As you begin to read this book, you are on a journey. It’s like being a Martian or being from another planet simply because Gandhi will simply not take anything as truth unless he has experimented with it himself. He was very much the spiritual scientist. This book is also very easy reading. The chapters are short enough to stop and come back to as well. And it is journey which nearly killed himself SMOKING! Gandhi makes clear that anybody can follow. You can’t really follow this man’s experiments. He wants you to do your own experiments. So this book is really quite an adventure. Gandhi’s politics, as he makes clear in this book, really stem from his experiments in truth. You can begin yourself. Wake up, tell your wife she is fat, and see what happens! Gandhi came to the conclusion of always practicing “ahimsa”. He would practice it over and over again to see if it worked. And he came to the conclusion that it did. As he once said, “Ahimsa is heaven”. Ahimsa means non-violence in thought, word, and deed. One can still defend oneself while loving one’s enemy. He saw “satya”, or truth as synonymous with non-violance. This man stole at one point, eat meat, was far from celibacy. Buy and read this fabulous scientific inquiry into “How to Live”. Then start experimenting for yourself. Good luck on your journey. And please be careful with your duty and remember Gandhi’s word for ever.

Group B 9

MY EXPERIMENT WITH TRUTH

PROFILE:AN AUTO BIOGRAPHY BY M.K.GANDHI
 INTRODUCTION:
The Story of my Experiments With Truth” is a real account of experiments with truth or what is percieved to be the truth. Gandhi, the youngest of three sons was born and brought up in Porbandar, India. His love for truth and respect for all humanity was put in him by his father who was a lover of his clan, truthful, brave and generous…” His mother too left him with an outstanding impression of saintliness” as “she was deeply religious”, a woman devoted to prayer and fasting. It’s on this background that Mr. Gandhi built his life of Experiments on.
REVIEW:
Gandhi makes it clear at the beginning of the book that this is the only way to gain truth. Not to be strongly influenced by others. His agreements and fondness of other theologians really only comes after his experiments. They have to agree with him first. As you begin to read this book, you are on a journey. It’s like being a Martian or being from another planet simply because Gandhi will simply not take anything as truth unless he has experimented with it himself. He was very much the spiritual scientist. This book is also very easy reading. The chapters are short enough to stop and come back to as well. And it is journey which nearly killed himself SMOKING! Gandhi makes clear that anybody can follow. You can’t really follow this man’s experiments. He wants you to do your own experiments. So this book is really quite an adventure. Gandhi’s politics, as he makes clear in this book, really stem from his experiments in truth. You can begin yourself. Wake up, tell your wife she is fat, and see what happens! Gandhi came to the conclusion of always practicing “ahimsa”. He would practice it over and over again to see if it worked. And he came to the conclusion that it did. As he once said, “Ahimsa is heaven”. Ahimsa means non-violence in thought, word, and deed. One can still defend oneself while loving one’s enemy. He saw “satya”, or truth as synonymous with non-violance. This man stole at one point, eat meat, was far from celibacy. Buy and read this fabulous scientific inquiry into “How to Live”. Then start experimenting for yourself. Good luck on your journey. And please be careful with your duty and remember Gandhi’s word for ever.

Group B 9

BUSINESS PERSONALITY- DHIRUBHAI AMBANI

Dhirubhai Ambani, was an Indian business tycoon and founder of Reliance Industries Limited. Known as Dhirubhai, was born on 28 December 1932, at Chorwad, Junagadh in the state of
Gujarat, India, into a Modh family of very moderate means. When he was 16 years old, he moved to
Aden,Yemen and worked there as a gas-station attendant, and as a clerk in an oil company. Ten years later, he returned to
India and started a business (Reliance) with a capital of Rs. 15000.00 (US$ 375). Fables about him abound, many of which were recalled by the media when he passed away on July 6.The most-quoted one was the familiar rags-to-riches story, of a determined individual who ostensibly arrived in Bombay (now Mumbai) from Aden in the late 1950s with Rs.500 in his pocket and went on to build a Rs.65,000-crore empire. He had established himself as a legendary leader among industrial capitalists in India.Despite his almost Midas Touch, Ambani has known to have flexible values and an unethical streak running through him. There are stories of ruthlessness, when it came to bending the rules and winning the game that made him the success that he was.  Fables such as these, built often on a modicum of truth and sometimes from thin air, were testimony to the success of Dhirajlal Hirachand Ambani. Needless to say, as is true of all winners, in Dhirubhai’s case too, individual qualities – an acute mind, a sense of the other, a degree of cunning, an element of ruthlessness and a large dose of gumption that is required to make the dash to victory – would have contributed to the end result in no small measure. Reliance focussed on the domestic market where revenue opportunities were not lacking, and margins were much higher, permitting the generation of huge investible surpluses. In adopting this strategy, Ambani’s Reliance group acquired through outright purchase the best-practice technologies in the field. With world-scale plants, Reliance proved doubly competitive: not only was it able to displace both domestic producers and international suppliers from the market at prevailing customs duty rates, but in fact it could remain competitive even when duty rates were reduced. The strategy of ‘going it alone’, while investing in world-scale plants based on outright purchase of technology, obviously raised domestic financing requirements substantially.

Reliance under Ambani decided to enhance its equity strength to undertake new investments by tapping stock markets. It was here that Ambani exploited the other opportunity that the changing times offered. This was the possibility of mobilizing money from households through the stock market.
India’s stock markets were until the 1970s dominated by the financial institutions and a few large players, with trading activity being minimal and limited to a few shares. The first instance of equity serving as an option for investment of household savings arose when foreign companies, pressured by the Foreign Exchange Regulation Act (FERA), decided to dilute their equity through sale in small lots. Reliance made its first public issue in 1977, when it offered a chunk of Rs.10 shares to investors. The shares opened at Rs.23 reflecting the premium that Reliance was in a position to command. In the years to come, Reliance was to exploit the market through many routes to finance its breakneck expansion, garnering in the process huge premiums on the shares of existing companies. By the end of 1992, out of a total capitalization of Rs.34, 255 crores, share premium reserves and surpluses alone accounted for Rs.7,640 crores. Besides this, Reliance was to use the convertible debenture route and the American Depository Receipt (ADR) and Global Depository Receipt (GDR) issues to much benefit.

By inclination and instinct, Dhirubhai was a fighter. Dhirubhai’s greatest acumen was in understanding finance. He earned the devotion of millions not because he was a great industrialist, but because he treated his shareholders very well. He was the first Indian entrepreneur to understand the importance of the ordinary investor.
Dhirubhai realized that he would have no financing headaches if he could earn the trust of investors, and he took care to ensure that the investor earned a decent return. Not only by way of dividends, but by continuous appreciation of the Reliance scrip.He was a man who always dreamed big. At a time when capacities were fragmented and small, Dhirubhai dared to dream big. Instead of setting up capacities that would cater to current demand, he set up the capacity and then set about creating the demand. He knew where latent demand existed and decided to supply it. He made no compromises on quality, insisting that his machinery must be state-of-the-art.

 

Reference 

http://muraleedharan.tripod.com/legends_dhirubhaiambani.html

http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.html

(group 5a)

 

 

MY EXPERIMENT WITH TRUTH

PROFILE:AN AUTO BIOGRAPHY BY M.K.GANDHI
INTRODUCTION:
The Story of my Experiments With Truth” is a real account of experiments with truth or what is percieved to be the truth. Gandhi, the youngest of three sons was born and brought up in Porbandar, India. His love for truth and respect for all humanity was put in him by his father who was a lover of his clan, truthful, brave and generous…” His mother too left him with an outstanding impression of saintliness” as “she was deeply religious”, a woman devoted to prayer and fasting. It’s on this background that Mr. Gandhi built his life of Experiments on.
REVIEW:
Gandhi makes it clear at the beginning of the book that this is the only way to gain truth. Not to be strongly influenced by others. His agreements and fondness of other theologians really only comes after his experiments. They have to agree with him first. As you begin to read this book, you are on a journey. It’s like being a Martian or being from another planet simply because Gandhi will simply not take anything as truth unless he has experimented with it himself. He was very much the spiritual scientist. This book is also very easy reading. The chapters are short enough to stop and come back to as well. And it is journey which nearly killed himself SMOKING! Gandhi makes clear that anybody can follow. You can’t really follow this man’s experiments. He wants you to do your own experiments. So this book is really quite an adventure. Gandhi’s politics, as he makes clear in this book, really stem from his experiments in truth. You can begin yourself. Wake up, tell your wife she is fat, and see what happens! Gandhi came to the conclusion of always practicing “ahimsa”. He would practice it over and over again to see if it worked. And he came to the conclusion that it did. As he once said, “Ahimsa is heaven”. Ahimsa means non-violence in thought, word, and deed. One can still defend oneself while loving one’s enemy. He saw “satya”, or truth as synonymous with non-violance. This man stole at one point, eat meat, was far from celibacy. Buy and read this fabulous scientific inquiry into “How to Live”. Then start experimenting for yourself. Good luck on your journey. And please be careful with your duty and remember Gandhi’s word for ever.

Group b9

Mergers and Acquisitions –IMLP Batch-15A Group-4(20/11/2006)

1.) Tatas to go into huddle over CSN’s bid for Corus:

                                                            The Tata steel board  will meet shortly to take stock of the situation arising out of Brazilian steel maker Cia Siderurgica Nacional’s (CSN’s) move to buy Anglo Dutch steel company Corus Group with a counter bid higher than Tata steel.

                                                            CSN had approached the Corus Group with all cash transaction of 475 pence a share, while Corus agreed a bid of 455 pence a share from Tata.

                                                                      From Business Standard—20th November 2006

2.)Essar may buy Australian mine:

                                                                     The Essar Group will invest Rs3,500 crore in Australia. which will include acquisition of a stake in Australian iron ore mine company Cape Lambert, setting up a 7.5 million tonne pellet unit near the ore deposit, a pipe-line and a concentrator facility.

                                                                      From Business Standard…17th November 2006

3.)Heidelberg eyes 20% slab of Gujarat firm:

                                                                        German cement major Heidelberg Cement is close to picking up 15%-20% stake in the Mehta group promoted Gujarat Sidhee Cement.The two companies have been in talks from some time.

                                                                           Gujarat Sidhee Cement has access to a number of limestone mines in the western region and a fairly good hold over the local market.Also, its proximity to two ports, Porabandar and Pipavav makes it a very attractive proposition to MNC Cement makers.

                                                                         From Economic Times……..17th November 2006

4.) HCl Tech inks pact with Canadian co Celestica:

                                                                            HCL Technologies Ltd has entered into an agreement with Canada based electronics manufacturing services company Celestica Inc to jointly design and manufacture electronic products for global original equipment manufacturers(OEMs).

                                                                                     From Business Line……15th November 2006

                                                      

GLOBAL POLITICS 20th NOVEMBER

20th Nov 2006: Advani opposes joint operation with Pakistan
BANGALORE: Leader of the Opposition in the Lok Sabha L.K. Advani on Sunday criticised Prime Minister Manmohan Singh for agreeing to launch a joint operation with Pakistan against terrorism at a time when other democratic countries had alleged that Pakistan was the epicentre of terrorist activities.

19th Nov 2006: Achuthanandan pins his hopes on talks
THEKKADY: Putting high hopes on his November 29 talks with Tamil Nadu Chief Minister M. Karunanidhi on the Mullaperiyar water level, Kerala Chief Minister V.S. Achuthanandan said inter-State water disputes could be resolved only through talks. He told a news conference here after visiting the dam on Saturday that the entire State was looking forward to the outcome of the talks.

18th Nov 2006: U.S. Senate gives the nod for nuclear deal

Washington: The landmark India-United States civilian nuclear deal on Friday crossed a major hurdle, with the Senate overwhelmingly approving legislation to implement it and rejecting five “killer” amendments, including one seeking a cap on India’s fissile material production.

17th Nov 2006: Bush reiterates support for deal

NEW DELHI: Prime Minister Manmohan Singh hoped on Thursday that the American legislation on civilian nuclear cooperation with India would accommodate New Delhi’s stated concerns. Dr. Singh, speaking with United States President George W. Bush over phone, appreciated his commitment to passage of the legislation, now before the Senate’s “lame duck” session. The Bill could come up for a full Senate vote on Friday.

16th Nov: India, Pakistan to hold quarterly flag meetings
NEW DELHI: At the end of the two-day Foreign Secretary-level talks on Wednesday, India and Pakistan agreed to hold quarterly flag meetings of local Army commanders, besides initialling an agreement on reducing the risks from accidents relating to nuclear weapons.
15th Nov
National crisis: Iraq
DUBAI: Iraqi gunmen wearing military-style uniforms have kidnapped more than 100 persons from a research facility in the Ministry of Higher Education in Baghdad. A spokeswoman of the Ministry said armed men arrived in pick-up trucks and stormed the research directorate.

14th Nov: Oppose SEZs, says India Social Forum
NEW DELHI: The India Social Forum concluded here on Monday with a call to make governments accountable and answerable to the people, and to fight for the rights of the marginalised sections. Speaking at the concluding function, social activist Aruna Roy asked the people to come together to raise their voice against special economic zones (SEZs), which would displace thousands and take away the livelihoods of thousands others dependent on agricultural land.
 

National Politics [13-20nov]

Chinese President arriving India

 

The Chinese President, Mr Hu Jintao, is scheduled to arrive here on Monday for an economic summit. The trip makes Mr Hu the first Chinese President to visit India in a decade.

 

During his three-day stay, Mr Hu is scheduled to hold talks with the President, Mr A.P.J. Abdul Kalam, and the Prime Minister, Dr Manmohan Singh, and visit Agra and Mumbai. After India, Mr Hu heads to Pakistan where he is to sign agreements on trade, culture and education.

 

Business Line 19 Nov 2006

 

 

Tata car project:

 

 

The West Bengal Government seems to be approaching a successful completion of the land acquisition for Tata Motors small-car project at Singur near Kolkata.

 

“The acquisition of the entire 895 acres of private land is virtually complete. Already disbursed payments for 550 acres have done and the rest will be completed within this month.

 

The project requires a total of 997 acres, including 102 acres of vested land.

 

Business Line 17 Nov 2006

 

 

Tarapore warns against SBI ownership transfer

 

Former Deputy Governor of the Reserve Bank of India and Chairman of the Committee on Fuller Capital Account Convertibility, Mr S.S. Tarapore, has cautioned against the impending transfer of ownership of State Bank of India from the RBI to the Government.

 

According to him the transfer would be a major setback to the credibility of transparency of the financial sector reform process built up so assiduously over the past 15 years.

 

The RBI currently holds 59.73 per cent stake in SBI. The SBI Amendment Bill is yet to be introduced in Parliament.

 

Mr Tarapore felt that this transfer would aggravate the problem of capital strengthening of public sector banks, as the Government is already finding it difficult to infuse more capital in these banks.

 

Business line 16 Nov 2006

 

Norms tightened for sugar cos to set up mills

 

 

Sugar companies filing Industrial Entrepreneur Memoranda (IEM) for setting up new mills would have to furnish performance guarantees of Rs 1 crore each and also take “effective steps” for implementation within two years time. Failing to do so would result in de-recognition of the IEM and forfeiture of the performance guarantee. Sugar firms have been given a 4-year deadline to start production after filing IEMs.

Effective steps should be taken in 2 years.

 

Business Line November 14 2006

 

 

 

 

Bankers Propose Gold-Based Deposit Scheeme:

 

Bankers are trying to moot a gold based scheme to raise the much needed long term deposits. The scheme will be designed to induce people to invest in Gold while simultaneously offering banks a new source of funds.

 

Muhammad Yunus to join the politics:

 

The recent Noble prize winner Muhammad Yunus is planning to join the Bangladeshi politics. He indicated this when last month there was speculation in Bangladesh while putting a caretaker administration in place to conduct the national elections in January 2007.

 

Kerala To Form Company For Infrastructure Development:

                           

The Kerala government will float a company for the development of Industrial infrastructure in the state.The proposed company will be on the lines of Cochin International Airports, according to Chief Minister Mr. V.S. Achutanandan.

INTERNATIONAL BUSINESS

Microsoft to pack ZUNE with Wireless Songs, Photos

Economic Times, Wednesday 15 November, 2006

   Microsoft’s Chief Executive Steve Balmer said that Microsoft expects wireless song and photo sharing to be the feature that helps it challenge the dominant iPod in the market for portable music players. The 30-gigabyte Zune is all set to hit the market and start selling songs to US buyers at the on-line Zune market place in a challenge to Apple Computers iTunes music store.

      Microsoft faces a huge challenge from Apple that already has more than 75% of the
US market for digital music players according to research from NPD. It was the iPod that created an industry for MP3 players and legal music downloads.

U.S Airways makes $8 billion Cash-and-stock offer for Delta

Economic Times, Thursday 16, 2006

U.S Airways has made a $8 billion cash and stock bid for Delta Airlines in a deal that would create one of the worlds largest Carriers.

    U.S Airways, which was created after U.S Air emerged from bankruptancy and was acquired by America West Last year. It is said the deal is expected to generate $1.65 billion in annual savings from optimization of the airlines complementary networks and combining facility in overlap airports.

Reader’s Digest sold for $2.4 billion

Economic Times, Friday November, 2006

Reader’s Digest Association, publisher of the world’s largest circulation magazine agreed to be an investor group led by Ripple-wood Holdings in a transaction worth $24 billion. The Reader’s Digest investors will receive $17 a share, 9.6% more than Wednesday’s closing price.

    The purchase adds to Ripple-woods investment in publishing and direct market companies.

Sony Ericsson to unveil RAZR rival early ‘07

Economic Times, Saturday 18, 2006

Sony Ericsson the world’s fourth largest hand set maker plans to launch an Ultra Slim, high end Walkman Camera phone in early 2007 to take on Motorola’s blockbuster RAZR.

   The runaway success of the RAZR also spurred Samsung Electronics to launch a line of slimmed phones in the summer which boosted the South Korean firm’s handset sales.

   Sony Ericsson a joint venture between Japan’s Sony and
Sweden’s Ericsson will unveil its rival to the RAZR, dubbed ‘Ai” in March next year.

Submitted by,

Group 7, 15 A

Abin Emmanuel       

Anushankar               

Cherian Minu            

Medhun Kumar         

Nishanth. S                

Ravi Shankar Vaddy 

Mergers and Acquisitions 20/11/06

1)      HCL tech inks pact with Canadian Co Celestica.SOURCE: BUSINESS LINE,  15^th NOVEMBER 2006

HCL technologies Ltd has entered into an agreement with
Canada based electronic manufacturing services company Celestica inc to jointly design and manufacture electronic products for global original equipment manufacturers (OEMs). As per agreement HCL will design medical , aeronautics and consumer electronic products. Celestica will manufacture the products for its global customers such a s IBM and CISCO.

 

2)      BT forms joint venture with Jubilant Group.SOURCE: BUSINESS LINE, 14^th NOVEMBER 2006. 

British telecom formed a joint venture with the $700 million Jubilant Group foraying into
India’s long distance telephony segment. The
UK based telecom major has approached the department of telecom seeking both national and international long distance liceses and is planning to hire 6000 people within the next two years. BT is the second major international operator to apply for a long distance license after AT&T. The US based firm will hold 74% stake in joint venture. BT has strong growth plans for its Indian operations. BT employee over 15000 people in Asia-Pacific of which the majority are based in
India.

 

3)      ONGC, Hinduja may sign pact.SOURCE: BUSINESS LINE, 7^th November , 2006 

We know that the well known oil and gas production company ONGC is expected to an joint venture with the Hinduja Groups for the large production of the gas and oil  activities in India and overseas.These two compa nies could be floated for jointly undertaking a wide range of oil and gas project in India.ONGC wants to leverage on the Hinduja’s presence in the Gulf region. As we analyse all this we can say that if two companies are having a joint venture in oil and gas it means both the companies want to produce large amount of oil  and gas and become  a powerful leader in the world in this area.

 

 

 

Company News ( November 20 , 2006 )

Hitachi Announces Its Corporate Strategy

Hitachi, Ltd announced that it has formulated a corporate strategy to promote collaborative creation and profits. With a rigorous focus on a market-oriented approach and profit creation as the basic policy, the aim is to establish a structure that stably generates high profits by the use of key initiatives

In line with this management policy, in order to improve earnings, businesses within the Hitachi Group are to be rigorously managed based on FIV criteria, and subject to restructuring and reappraisal accordingly, with no area of operations being regarded as exempt from such scrutiny. With the emphasis on collaborations with partners and group companies, in the Hitachi Group diverse partnerships are being used to strengthen collaborative innovation business undertakings in various areas of operations. The focus is also on producing innovations in which the priority is on profitability, such as by expanding businesses that provide innovative products and services that are market leaders, and strengthening R&D capabilities that are directly linked to the generation of profits.

 The aim is to use these initiatives to achieve an operating margin of 5% by fiscal 2009. Hitachi is also focusing on strengthening its financial structure and maintaining a D/E ratio (including minority interests) of 0.8 or below.

 Zee buys 50% in Ten Sports

 $57 mn deal to help Zee get a foothold in cricket broadcasting. Zee Telefilms has acquired a 50 per cent stake in Ten Sports at an enterprise valuation of $114 million (or $57 million for the stake sold), from Dubai-based Taj Television.

 Al Jazeera in English

 Nov. 19, 2006 — Al Jazeera, the Arab world’s leading broadcast network, launched its English-language channel this week with a slick and polished 24-hour newscast.

 But while the world was watching, American viewers — one of the channel’s main targets — were not. None of the major American cable or satellite providers chose to carry the signal.

Most Americans know Al Jazeera as the network that broadcasts Osama bin Laden’s periodic messages. Secretary of Defense Donald Rumsfeld once called it, “vicious, inaccurate and inexcusable.” But the man who runs Al Jazeera’s English network, Wadah Khanfar, said that is a misperception.

The deal will help Zee get a foothold in cricket broadcasting as well as production expertise where they currently have only a limited presence.

BANK OF BARODA

BANK OF
BARODA 

The Bank of Baroda provides individuals and business customers with a wide range of

banking and financial services. The bank offers deposits, loans, credit cards and ATM’s for personal banking needs. The Bank of Baroda offers similar banking services for business and corporate clients.

The bank also provides international business banking services such as export and

import finance and foreign currency services. Other banking services provided include commercial and institutional credit, investment and risk management services, project finance, treasury, and foreign

exchange. The bank has a number of subsidiaries. Its domestic subsidiaries control its

operations in the fields of housing finance, asset management and capital markets

and credit cards. The Bank of Baroda also has a number of overseas subsidiaries.                    

These subsidiaries are located in Botswana, Guyana, Hong Kong, the UK,
Uganda

and
Kenya. The domestic network of the bank consists of around 2,692 branches, controlled by

43 Regional Offices and 13 zone offices with the Registered Head Office in
Baroda

and the Central Office in Mumbai. The bank has 38 branches in 16 overseas countries, including the US and the
UK.

Dr. Anil K. Khandelwal Chairman and Managing Director 

MAJOR PRODUCTS AND SERVICES

The Bank of Baroda provides individuals and business customers with a wide range of

banking and financial services.

Services provided by the company include:

Deposits

Loans

Credit Cards

ATM’s

International Business Banking Services

Commercial and Institutional Credit

Investment and Risk Management Services

Project Finance

Treasury

Forex

 

TOP COMPETITORS

The following companies are the major competitors of Bank of Baroda:

State Bank of
India

Corporation Bank

Bank of
India

HDFC Bank Limited

ICICI Bank Limited

Brand Story

AMUL  (Nov20-Nov27) by Group3 15-A

Amul was formally registered on December 14, 1946. The brand name Amul, sourced from the Sanskrit word Amoolya, means priceless. It was suggested by a quality control expert in Anand. Some cite the origin as an acronym to (Anand Milk Union Limited).The Amul revolution was started as awareness among the farmers. It grew and matured into a protest movement that was channeled towards economic prosperity. Over five decades ago, the life of an average farmer in Kheda District was very much like that ofhis/her counterpart anywhere else in
India. His/her income was derived almost entirely from seasonal crops. The income from milk buffaloes was undependable. Private traders and middlemen controlled the marketing and distribution system for the milk. As milk is perishable, farmers were compelled to sell it for whatever they were offered. Often, they had to sell cream and ghee at throw-away prices. In this situation, the private trader made a killing. Gradually, the realization dawned on the farmers that the exploitation by the trader could be checked only if they marketed their milk themselves. Amul wasthe result of the realization that they could pool up their milk and work as a cooperative.The Kaira District Co-operative Milk Producers’ Union Limited began pasteurizing milk for the Bombay Milk Scheme in June 1948. By the end of 1948, more than 400 farmers joined in more Village Society, and the quantity of milk handled by one
Union increased from 250 to 5,000 liters a day. The success of Amul was instrumental in launching the White Revolution that resulted in increased milk production in
India. It is officially termed as Operation Flood by Amul. The breakthrough technology of spray-dryingand processing buffalo milk, developed by Mr. H.M. Dalaya, was one of the key factors that contributed to the Revolution .Success of Kaira District Co-operative Milk Producers’ Union Limited and setting up of District Co-operative Milk Producers’ Unions, needed a state-level organization for entire Gujarat. That lead to creation of Gujarat Cooperative Milk Marketing Federation (GCMMF).GCMMF is
India’s largest food products marketing organization. It is a state level apex body of milk cooperatives in

Gujarat, which aims to provide remunerative returns to the farmers and also serve the interest of consumers by providing quality products, which are good value for money. GCMMF markets and manages the Amul brand. From mid-1990’s Amul has entered areas not related directly to its core business. Its entry into ice cream was regarded as successful due to the large market share it was able to capture within a short period of time – primarily due to the price differential and the brand name. It also entered the Pizza business, where the base and the recipes were made available to restaurant owners who could price it as low as 30 rupees per pizza when the other players were charging upwards of 100 rupees .Since 1967 Amul products’ mascot has been the very recognizable “Amul baby” (a chubby butter girl usually dressed in polka dotted dress) showing up on hoardings and product wrappers with the equally recognizable tagline Utterly Butterly Delicious Amul. The mascot was first used for Amul butter. But in recent years in a second wave of ad campaign for Amul products, she has also been used for other product like ghee and milk. She is probably one of the most enduring mascots in the world. Amul has been able to withstand the onslaught of private and foreign players in the dairy industry and has also been able to export products in limited quantities. The success of Amul resulted in similar organizations being setup by state governments throughout
India, most of which had reasonable success. Examples are Vijaya in Andhra Pradesh, Aavin in Tamil Nadu and others.Other co-operative rivals of Amul include National Dairy Development Board (NDDB) (with its Mother Dairy and Sugam brands). With Amul entering the sports drink market, its rivals now include Coca Cola and PepsiCo.

Brand Story(Nov20-Nov27)

AMUL 

 

Amul was formally registered on December 14, 1946. The brand name Amul, sourced from the Sanskrit word Amoolya, means priceless. It was suggested by a quality control expert in Anand. Some cite the origin as an acronym to (Anand Milk Union Limited).The Amul revolution was started as awareness among the farmers. It grew and matured into a protest movement that was channeled towards economic prosperity. Over five decades ago, the life of an average farmer in Kheda District was very much like that ofhis/her counterpart anywhere else in
India. His/her income was derived almost entirely from seasonal crops. The income from milk buffaloes was undependable. Private traders and middlemen controlled the marketing and distribution system for the milk. As milk is perishable, farmers were compelled to sell it for whatever they were offered. Often, they had to sell cream and ghee at throw-away prices. In this situation, the private trader made a killing. Gradually, the realization dawned on the farmers that the exploitation by the trader could be checked only if they marketed their milk themselves. Amul wasthe result of the realization that they could pool up their milk and work as a cooperative.The Kaira District Co-operative Milk Producers’ Union Limited began pasteurizing milk for the Bombay Milk Scheme in June 1948. By the end of 1948, more than 400 farmers joined in more Village Society, and the quantity of milk handled by one
Union increased from 250 to 5,000 liters a day. The success of Amul was instrumental in launching the White Revolution that resulted in increased milk production in
India. It is officially termed as Operation Flood by Amul. The breakthrough technology of spray-dryingand processing buffalo milk, developed by Mr. H.M. Dalaya, was one of the key factors that contributed to the Revolution .Success of Kaira District Co-operative Milk Producers’ Union Limited and setting up of District Co-operative Milk Producers’ Unions, needed a state-level organization for entire Gujarat. That lead to creation of Gujarat Cooperative Milk Marketing Federation (GCMMF).GCMMF is
India’s largest food products marketing organization. It is a state level apex body of milk cooperatives in
Gujarat, which aims to provide remunerative returns to the farmers and also serve the interest of consumers by providing quality products, which are good value for money. GCMMF markets and manages the Amul brand. From mid-1990’s Amul has entered areas not related directly to its core business. Its entry into ice cream was regarded as successful due to the large market share it was able to capture within a short period of time – primarily due to the price differential and the brand name. It also entered the Pizza business, where the base and the recipes were made available to restaurant owners who could price it as low as 30 rupees per pizza when the other players were charging upwards of 100 rupees .Since 1967 Amul products’ mascot has been the very recognizable “Amul baby” (a chubby butter girl usually dressed in polka dotted dress) showing up on hoardings and product wrappers with the equally recognizable tagline Utterly Butterly Delicious Amul. The mascot was first used for Amul butter. But in recent years in a second wave of ad campaign for Amul products, she has also been used for other product like ghee and milk. She is probably one of the most enduring mascots in the world. Amul has been able to withstand the onslaught of private and foreign players in the dairy industry and has also been able to export products in limited quantities. The success of Amul resulted in similar organizations being setup by state governments throughout
India, most of which had reasonable success. Examples are Vijaya in Andhra Pradesh, Aavin in Tamil Nadu and others.Other co-operative rivals of Amul include National Dairy Development Board (NDDB) (with its Mother Dairy and Sugam brands). With Amul entering the sports drink market, its rivals now include Coca Cola and PepsiCo.

RESARCH AND EVELOPMENT IN BUSINESS ARENA(NOV 13-19)

 

        1.   Veritas Software Corporation plans to increase its R&D investment in
India by more than 50 percent over the next year. The company has also established a tech support center and call center support operations in Pune.Veritas established R&D facilities in
India 11 years ago in Pune, with more than 500 engineers working on all facets of Veritas product development. The company plans to hire another 300 people over the next 12 months, thereby making it the single largest engineering site in one location for the company.                                                                                                                                                                              

 

           2.   The Yahoo R&D center’s core activity includes developing innovative technologies and global product platforms for Yahoo Inc. The R&D center focuses on Product Engineering, Technology Research, Market Innovation and Engineering Services.

The Product Engineering Group builds global platforms and applications for high quality software systems. The group works in partnership with businesses to meet evolving market challenges and co-ordinate with engineering teams worldwide. The Technology Research Group builds high-value technologies that improve or change user behavior. The Market Innovation Group aims at establishing value propositions for technologies in user and business analysis. 

 

            3.  Motorola setup  its first R&D facility in
Bangalore in 1991 and has had the largest, most versatile and fastest growing R&D, presence in the country. On October 31, 2006 R&D facility at Hydrabad. The new building will house Motorola software group (MSG). 

 

4.        NOKIA has expanded its R&D facility on
Bangalore with the inauguration of a 2, 10,000 sq.ft.  development centre at the

Prestige
Tech
Park in IT Corridor. Nokia has two additional R&D centers in
India, one each in Hydrabad and Mumbai. 

 

 

 

 

      GROUP 6  

1.        Vinoth kumar – fk 13402.        Subhrajeet jee – fk 12953.        Srikanth kumar – fk 13494.        Remeetha ramdass- fk 14495.        krystyna .S- fk 13706.        Aditya panigrahi- fk 1318

OUTSOURCING(10-19TH NOV)

Tenet Healthcare Corp. Has Struck a 10 Year Outsourcing Deal With Perot Systems 

Perot systems which was managing the IT systems in 25 Tenet hospitals under an existing contract has broadened and extended it to 66 hospitals for a period of 10 years for an undisclosed amount. Perot will also help Tenet in implementing and maintaining a system-wide IT backbone that will help Tenet tie all their computing resources and healthcare applications.

Source: http://www.informationweek.com , November 17 2006

CSC won a $ 180 Million Outsourcing Deal From  Newmont Mining Corporation 

One of the worlds largest gold mining corporation, Newmont has outsourced the management of their global shared service operations and regional mining facilities. The contract also include responsibilities of server support and maintenance application for a period of 7 years at a cost of $ 180 Million.

Source: http://www.informationweek.com ,  November 14 2006.

Qantas And Indian Software Firms Sign Outsourcing Deals 

Qantas Airways of Australia has signed outsourcing deals with two major Indian software companies, Satyam Computer and Tata Consutancy Services, for a total of US$ 144 million.. Satyam Computer said it will maintain IT services and develop software for more than 150 applications of Qantas and Tata Consultancy Services it will provide software services to upgrade airport operations and commercial services for the next 7 years.

Source: http://www.crmbuyer.com ,  November 10 2006.

CCAI Condemns Unions In BPO and Gives Alternative 

The Call Centre Association of India, condemned unions in the BPO industry as it would hamper the industrial efficiency and prosperity. The attrition rate had also grown over the past years hampering the growth again, but in the recent years it has decreased from 48% to 35% and is estimated to below that in the current fiscal year. The CCAI president said instead of unions it is better to have Business proecess industry human asset maintenance forum.

Source: http://www.economictimes.indiatimes.com , November 19 2006.

MARKETING (NOV 13- NOV 20)

Live audio of cricket on Worldspace

Source: Business Line, Nov 18, 2006

Worldspace Satellite Radio will be covering the Indian cricket tour of South Africa with the one-day engagement starting on November 19. This is part of Worldspace’s exclusive license agreement with ESPN Star Sports to provide subscribers with live audio starting on November 19, with the sports broadcast extending upto the conclusion of the India-Sri Lanka-Australia Triangular Series in Australia in February.

Big Bazaar opens shop in Coimbatore

Source: Business Line, Nov 18, 2006

Big Bazaar, the value retailing store of Pantaloon Retail (India) Ltd and a part of the Future Group, has made its entry into Tamil Nadu by setting up its first store in the State at Coimbatore. The Group is planning its next store at Chennai before the close of this calendar year, before gaining footprint into other happening towns such as Salem and Trichy.

HP unveils new servers

Source: Business Line, Nov 18, 2006

HP has introduced new servers based on the Quad-Core Intel Xeon 5300 series processors. The new ProLiant servers and BladeSystem server blades based on quad-core processors deliver up to 90 per cent power usage efficiency. The firm additionally introduced the HP ProLiant DL320s server, an industry-standard server designed specifically for data-rich applications.

G.M. Pens to widen product range

Source: Business Line, Nov 17, 2006

G.M. Pens International Private Ltd, the licensee for Reynolds pens in India and SAARC countries, is looking to expand its product range in the Indian stationery market shortly. The company plans to invest Rs 50 crore in expanding its retail network. The company is looking at branding manufactured products such as exercise books, computer stationery and a complete range of school stationery including geometry boxes, pencil cases and school bags. G.M. Pens has also entered into the labelling solutions market with the launch of Dymo range of office and home labelling solutions. Dymo is a Belgian brand that is part of the Newell Rubbermaid Group that also owns brands like Reynolds, Parker and Papermate. Dymo products include manual and electronic labelling devices that use heat sensitive paper and plastic tapes to print labels. Priced between Rs 199 and Rs 9,000, these devices are targeted at sectors such as pharmaceuticals, logistics and services, besides homes. Dymo will be available at all retail stationery stores and supermarkets and distributed through the company’s 1,600-member strong distributor network. The company is setting up a separate sales force for marketing Dymo.  

 

 

 

 

                                          INTERNATIONAL NEWS          

 

 

GM to sell hybrid cars in
ChinaBusiness Standard, 8 November 2006 

General Motors will begin selling hybrid cars in
China from 2008. This will make General Motors the latest multinational automotive company to plan the launch of alternative energy vehicles for the fast-growing Chinese market.The
US carmaker’s chief executive Rick Wagoner revealed on Monday that General Motors will build hybrid cars in collaboration with its local partner Shanghai Automotive Industry Corporation,Toyota began selling its Prius petrol-electric hybrid car in
China at the beginning of this year. Volkswagen has said that it will introduce its hybrid vehicles into
China by 2008, in time for the Beijing Olympics.Executives at the
US auto giant were not willing to reveal the initial numbers of hybrid cars they were to sell or the brand name it would use. They said that the early models in Chinese markets would be based on GM’s technology and would later be adapted for the Chinese customers at the joint venture research centre it operates with SAIC in
Shanghai. 

Morgan Stanley, Visa settle disputeBusiness Standard, 7 November 2006 

A long running anti-trust dispute, between the
US investment bank Morgan Stanley and Visa Europe is coming to an end. This may bring an end to a six –year competition probe by the European Commission into the credit card group. The refusal of visa to let Morgan Stanley join its card network was the reason of the dispute.                       Anyway, according to executives from both groups, Visa has agreed Morgan Stanley to become a member of its network, and the latter in return has withdrawn its formal anti-trust complaint to the commission. 

International News

INTERNATIONAL NEWS

GM to sell hybrid cars in China
Business Standard, 8 November 2006

General Motors will begin selling hybrid cars in China from 2008. This will make General Motors the latest multinational automotive company to plan the launch of alternative energy vehicles for the fast-growing Chinese market.
The US carmaker’s chief executive Rick Wagoner revealed on Monday that General Motors will build hybrid cars in collaboration with its local partner Shanghai Automotive Industry Corporation,
Toyota began selling its Prius petrol-electric hybrid car in China at the beginning of this year. Volkswagen has said that it will introduce its hybrid vehicles into China by 2008, in time for the Beijing Olympics.
Executives at the US auto giant were not willing to reveal the initial numbers of hybrid cars they were to sell or the brand name it would use. They said that the early models in Chinese markets would be based on GM’s technology and would later be adapted for the Chinese customers at the joint venture research centre it operates with SAIC in Shanghai.

Morgan Stanley, Visa settle dispute
Business Standard, 7 November 2006

A long running anti-trust dispute, between the US investment bank Morgan Stanley and Visa Europe is coming to an end. This may bring an end to a six –year competition probe by the European Commission into the credit card group. The refusal of visa to let Morgan Stanley join its card network was the reason of the dispute.
Anyway, according to executives from both groups, Visa has agreed Morgan Stanley to become a member of its network, and the latter in return has withdrawn its formal anti-trust complaint to the commission.