21. Oct 2008 00:22, sonu42
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA HUGO CHAVEZ
For we need energy When Hugo Chavez offered aid of heating oil to residents of chilly Alaskan state, it was a big blow to US. First it showed how hollow the policies of American government towards its citizens and most importantly it showed how powerful and influential Hugo Chavez is becoming. Venezuela is 1/12th the size of US and has GDP less than 2% of US. But Chavez has not hesitated to belittle Uncle Sam whenever he got the opportunity. Of course, that haughty courage is backed by the knowledge that Venezuela’s oil reserves give it tremendous bargaining power. His steadfast will to reduce American power and influence is perhaps one reason that brings him closer to the latter’s newfound ally India. On a recent visit to New Delhi, he expressed in no uncertain terms to the media how Venezuela wished to play a role in India’s energy sector as well as other key areas. Of course, India wouldn’t mind at all!
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7. Apr 2008 02:51, sonu42
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Strangely, Honda Eterno played in a lost segment and won. Wow!
Like 
the ‘holy cow’ and the proverbial snake charmer, another picture perfect image of India that strikes upon from a lonely planet guide is that of the great Indian family of four breezing down crowded by-lanes on a 2-stroke scooter! Of course, n o t much has changed in the way the whole experience looks even today. The only thing perhaps that has undergone a transition is that the good old two-stroke scooter has gone four-stroke and is now endorsed by MNCs like Honda. After 
Activa’s flaring sales charts and Dio’s relatively buoyant north projecting figures, Honda in 2003, launched the Eterno redefining public perception of the way one recalls the good old scooter days. As compared to its pre-historic counterparts, the Eterno – apart from the 4-stroke ride and a mileage to stare right into any 100cc category bike – offers loads of storage space in the under seat box, a wide and a flat footboard, a bag hook and a side grab rail, all a testimony to Honda’s focus towards the common Indian family! “HMSI believes that full-size customers have unique needs. It is only because their needs have not been adequately met by existing models that they have begun looking at other 2-wheeler categories like motorcycles, which is witnessing growth. Thus, with this understanding, we decided to launch the Eterno,” expressed Haruo Takiguchi, President & CEO, HMSI. Sure, Indians have taken note of your product, Takiguchi!
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13. Feb 2008 23:38, sonu42
The Sunday Indian - India's Greatest News weekly A fishing tournament where nothing’s fishy!
For 
anglers and sport fishing enthusiasts alike, this is the ‘Super Bowl’ of all fishing tournaments! Into its 35th year now, the US Virgin Island Blue Marlin Tournament is held every year in the ‘Blue Marlin Fishery’ region of the Virgin Islands. Instituted initially to spread the word about the bounty of Blue Marlins (one of the most prized catches for an angler) that can be had in this region, the tournament has grown into a modified format following a ‘catch and release’ philosophy where the Marlins caught are released back into the ocean unless it happens to be a world record catch. Subsequently, it became the first fishing event in the world to release Blue Marlin. Though unique, the tournament’s approach raises some interesting questions about the sport of fishing. The releasing of the Marlin back into the water is great from a conservationist’s point of view (only three Marlins have been put on dock since the introduction of the ‘Modified Release’ scoring format) but the catching techniques (the hooks used for instance) could still cause harm to the fish. The participants every year compete for serious amounts of cash in the individual, boat & crew categories, and this event which is nicknamed as ‘Boy Scout’ (because the money generated by the first tournament was donated to benefit the Virgin Islands Council of the Boy Scouts of America) remains on top of every angler’s wish-list. The format sure is an added motivation to do something good and have fun at the same time. As of today it attracts the best of the best anglers from around the world just as the Virgin Islands angler Chuck Senf had envisioned when he started it in 1972. Want to give something back to nature and hunt for a little personal glory? Go fish... where else but at the US Virgin Islands Atlantic Blue Marlin Tournament!
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16. Jan 2008 23:57, sonu42
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Akzo gains market leadership, but could lose shareholder trust
While ,+no+gain!.JPG)
we have oft en been amused by the British stiff upper lip, this trait has also done them good at times. The latest instance is acquisition of UK-based chemicals company ICI by Akzo Nobel. ICI rejected offers by Akzo twice, playing hard to get till the deal was closed at a cash offer of 670 pence per share, valuing the company’s ordinary share capital at nearly $16 billion.
Chances of a better rival bid are low, as ICI has already been grossly overvalued (premium of 35% over ICI’s average closing price for the last six months). Besides, an additional side deal has been finalised where Akzo’s partner, Henkel, would buy the National Starch Business of ICI for $4 billion. For Akzo, it had become unavoidable, with their arch rival PPG industries taking over SigmaKalon to expand their coatings portfolio. Commented Akzo Nobel CEO Hans Wijers, “We will create a leading global coatings & specialty chemicals company with a diversified geographic presence....”
Analyst Wim Hoste, KBC Securities, told B&E, “With ICI’s operations in Asia & eastern Europe that offer good growth markets, Azko can benefit to a great deal and generate good cash flows.” Akzo will also benefit from ICI’s global presence with around one third of revenues coming from emerging markets like Asia Pacific & Latin America, 40% in America and the rest from Europe. According to the Global Coatings Report (2006), annual growth by value during 2005-2010 will average 5.4% as against 2.7% during 2001-2005.
It’s a bonanza for ICI, but remains a very expensive acquisition for Akzo, which is why Akzo share prices have been in a state of free fall. On August 20, Akzo shares closed at $72.94, a drop by 7% from their value on August 13. The company will still have to justify the price to shareholders, which may not be a cakewalk. One shareholder group, TPG Axon, which holds 3.5% stake in Akzo has also criticised the high exposure of ICI to the US, with its falling housing market. Agrees Wim, “Akzo will have to (read aggressively!) tap revenue & cost synergies to justify the huge amount.” Guess they will need to demonstrate a stiff upper lip now, provided they have one!
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27. Nov 2007 00:17, sonu42
IIPM PUBLICATION
What’s escaped the notice of the media by and large so far are the path-breaking agreements reached between the two countries on the agriculture front. Close to Rs.10 billion has been set aside to promote research cooperation between the two nations in the agriculture sector. Having been fed on State propaganda that the Green Revolution in India was purely the result of indigenous efforts, most Indians are not aware of the fact that the US did play a positive role in helping India trigger the Green Revolution. Who knows, the new partnership can lead to newer efforts that can trigger a Second Green Revolution – something that the Indian agricultural sector is desperately waiting for. Yet, there is a need here for Indian policy makers not to rush in where angels fear to tread. And this applies particularly to the controversial genetically modified (GM) crops and seeds that American companies specialise in. Agricultural scientists in India must be allowed to conduct extensive field trials of GM crops before the door is opened. Similarly, strategic experts caution against undue euphoria about the strategic partnership between the United States and India. Writing in the Times of India, Swaminathan Aiyer categorically states that “India and the US are not natural allies... In its current mood, the US does not want allies...but they are natural partners.” The fundamental question beyond the rhetoric and lip service about the two largest democracies of the world is, what does the US gain out of this strategic partnership apart from access to the vast Indian market and world class pool of intellectual capital? For Complete IIPM Article, Click on IIPM Article
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9. Oct 2007 01:52, sonu42
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Her 
followers, however, claim that she never wears her blue blood on her sleeves & mixes with commoners with as much ease as she does with the elite in a Page 3 party. Fourth child of the Gwalior dynasty in Madhya Pradesh – Maharaj Jiwaji Rao Scindia and Vijaya Raje Scindia – Vasundhara studied at Presentation Convent in Kodaikanal and graduated from Mumbai’s Sofia College in Economics and Political Science. She was married to Hemant Singh, the scion of erstwhile Dhaulpur royalty in Rajasthan, at the age of 19. Within a year, she gave birth to Dushyant and separated from her husband citing “incompatibility”. Yet, she did not leave Dhaulpur. Rather her husband Hemant shifted to Dhaulpur House in Delhi. Five years later, she fi led a case on behalf of her son demanding share in numerous properties of Dhaulpur dynasty spread across the country. After a 34-years litigation, they reached an out-of-court settlement only last month, with Hemant settling down only with Delhi bungalow and agreeing to part with almost everything else for his son. The pragmatic and overtly practical Vasu epitomizes the women of substance. A woman, who knows her onion well enough to compete in a man's world. “That shows Vasu’s fighting spirit,” says Suresh Kumar, who along with Pramod Mahajan managed her election campaign in 2003 when BJP’s tally touched an alltime high of 152 in a House of 200.
Footsteps
1984: Member, National Executive, BJP
1985: Member, Rajasthan Legislative Assembly
1987: Vice President, BJP, Rajasthan
1989: Member, Lok Sabha
1998: Minister of State, External Affairs
1999: Minister of State for Small
Scale Industries, Atomic Energy, personnel
2003: Chief Minister, Rajasthan
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2. Oct 2007 23:22, sonu42
Prevention is better... The 
recent action by the Spanish government to deport 750 African illegal immigrants was a gesture in the right direction to send a strong message to the mafias that run human smuggling operations.
Around 25-35% of the immigration in Spain is undocumented. Importantly, unlike France and Germany, Spain has no restrictive migration policies; not only from EU’s new members in the old soviet bloc, but many from other African countries take advantage of it. The apprehensions of the Spanish government are not entirely unfounded. It was a Moroccan- led terrorist group that was allegedly involved for the deadly 2004 train bombing in Madrid. While it might sound rather inhuman to suddenly deport so many out of a country, more oft en than not, governments are left with not much option but to go for the preventive measures to prevent the next possible blast from happening, perhaps. Yet, developed nations should realize that quarantine is not a solution. So long as the yawning gap between developed and poor nations continue, such illegal migrations and crimes would continue to remain. For Complete IIPM Article, Click on IIPM Article
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23. Sep 2007 23:02, sonu42
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British Petroleum (BP) has returned to Libya after thirty long years, with its biggest exploration commitment, ever! BP along with Libya Investment Corporation, 
its Libyan partner, has inked a major exploration and production pact with National Oil Company (NOC) of Libya. The $900 million agreement was signed by Tony Hayward, Group Chief Executive of BP and Shokri Ghanem, the NOC Chairman. Jointly, the two companies would explore 54,000 square kilometers of Ghadames and Sirt basins, an area equal to ten of operated deepwater blocks of British Petroleum in Angola. It was in 2004, when the United States and the European Union relieved sanctions on Libya aft er it agreed not to pursue nuclear, chemical and biological weapons. This was the time when the country started attracting international oil companies. For Complete IIPM Article, Click on IIPM Article
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1. Aug 2007 01:31, sonu42
IIPM PUBLICATION
The Mckinsey report is flawed
Addressing 
a heon thrown by businessmen before his historic visit to India in 2006, President Bush had stated, “...the population of middle-class in India is larger than the population of Britain. They are the market for us. Think about the demand of ACs, cars and things like that.” Clearly, Bush and the likes are focusing on an apple-pie called India whose middle-class is swelling.
And that is what McKinsey’s latest report on Indian middle-class suggests- the size of Indian middle class is going to swell from 50 million currently to 583 million in 2025. The report includes households with an annual income in the range of $4,380-21,890. It highlights that India is poised to grow at the rate of 7.6% per annum for the next 18 years and so is the income of the middle-class.
The report, full of loopholes, is hardly based on hard-facts. The figure of 50 million is contestable. Noted Economist, Abusaleh Sharif told B&E, “No one can deny the growth of consumer class. But to arrive at figures on sketchy data will always produce fl awed results”. How come a country with 300 million mobile subscriber base and close to 80 million internet users has only a 50 million middle-class population? The report is based on number of people who pay income tax. A sizable portion of Indian population is dependent on agriculture and is out of the taxbracket; then how could the report reach a fi gure by ignoring them?
Clearly, the Indian middle class is much larger than what McKinsey projects. And with consumerism rearing its head, corporates are most certainly not the ones complaining!
B&E research: Saurabh Kumar
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12. Jul 2007 02:48, sonu42
Cemex wins it ‘Perpetual’y
Mexico-based 
cement major Cemex has finally bowled over the biggest shareholder of Rinker Group by its $18 billion bid. Perpetual Ltd., the majority shareholder of the Australian building materials maker, has revealed that it would accept the revised offer from Cemex. Perpetual’s holding in Rinker is 10.32%, and it has been offered $15.85 per share by the world’s third biggest cement company in April this year. By this offer, valuation of Rinker stands at $14.25 billion. In October last year, Cemex had proposed a $13 per share bid, which was later rejected by Perpetual. This would be the biggest takeover in Australia’s corporate history if it takes shape.
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24. May 2007 23:45, sonu42
IIPM PUBLICATION
Even America’s mulling over the same issue after a recent study on 2057 students by Mathematica Policy Research Inc. revealed that sex-abstinence classes did not stop pre-marital sex but merely delayed it. Thus raising concerns regarding the actual worth of such classes.
Opines Mr. K.K.Verma of Smile Foundation, “Sex education is required to make an informed choice. The premise of sex education is not to reduce the incidence of sexual encounters. Hence a better indicator would be reduction in premarital /adolescent pregnancy, abortion, and increase in safe sexual practices. As times change, children want to experience things as early as possible. They get information from friends and other sources that are usually not reliable and end up fostering wrong opinions and even indulge in sex not knowing what the consequences might be.”
So maybe instead of protecting the children from the big ‘bad’ world, we should tell them a bit about the birds and the bees and mould them into informed citizens of tomorrow.
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15. May 2007 01:14, sonu42
IIPM PUBLICATION
Was he?!?! No, he wasn’t! And still isn’t, for records! Jack – who writes quite regularly for our group magazines – apart from being considered the most outstanding manager ever (
he was rated the Manager of the Century by Fortune), also led the most successful corporation ever (General Electric), which ended up contributing more to shareholders than any other corporation in the history of global capitalism (GE’s m-cap increased from $14 billion in 1981 to $410 billion in 2001, when he resigned). Come to think of it, did not even Bill Gates, the richest man ever, drop out of Harvard? In short, do companies that hire ‘non-MBAs’ perform better than those which don’t? Do firms having the ubiquitous ‘non-MBA CEOs’ achieve more than those having MBA leaders?
Was he?!?! No, he wasn’t! And still isn’t, for records! Jack – who writes quite regularly for our group magazines – apart from being considered the most outstanding manager ever (
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3. May 2007 00:14, sonu42
IIPM PUBLICATION
However, 
the refrigerators segment has proved to be the saving grace for Whirlpool which has managed to compete effectively against LG & Samsung and even Indian majors, boasting a neat 25% market share. The company posted an operating profit of Rs.442.1 million during the nine month period of April-December 2006. Buoyed by the turnaround and hoping to wipe its losses out completely, Whirlpool Corporation has announced an investment of $20 million over the next 18 months in its Indian subsidiary to strengthen manufacturing capabilities in the country. “We will be number one, both in market share and in mind of the consumer,” avers Arvind Uppal, MD of Whirlpool of India, promising new products and aggressive marketing. But will he be able to deliver? In spite of having a solid run of more than a decade in the country (Whirlpool entered India in 1995, as opposed to Samsung in 1996 and LG in 1997), Whirlpool lags far behind its rivals. So, what went wrong?
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