Defining economics

In the Third Quarter Review of Annual Monetary Policy, 2006-07, RBI Governor Y. V. Reddy, in a so-called effort to control inflation, hiked the repo rate by 25 bps to 7.50%, while keeping the reverse repo rate steady at 6%. The apex bank, in the recent past, has tried all possible tools in its monetary arsenal, such hike in overnight rates and hike in CRR & provisioning et al, but in vain (see chart); and as B&E has brought out in earlier articles, the reason is simply because RBI has strangely failed to diagnose the real cause of inflation. According to CRISIL, a rating agency, “The current inflation scenario is dominated by supply constraints in primary articles, whereby the monetary tightening is not expected to impact much.” It seems amazing how the RBI, which should have been the unquestionable leader in macro-analysis, has become blind to the fact that there exists something called a cost push inflation too.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Vodafone slams a double ton!!

Vodafone, the world’s largest mobile phone group, has touched a significant mark of 200 million subscribers. What is remarkable is that the last 100 million subscribers were raked within 5 years, while the first 100 million took almost 15 years to materialise. Though the company has shown immense gusto in the Romanian, South American and Egyptian markets, it is far from resting on its laurels. Bolstering its performance in the challenging European markets and consistently looking for greener pastures remain at the helm of the corporate agenda for this telecom giant.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

You don’t need royal blood to own these...

Now you have the opportunity to convert your drawing room into a Mughal durbar... thanks to these tokens of the bygone days! Comprising a three-seater with two one-seaters, this silver- plated sofa set is a fine replica of the rich artisanship of Shah Jahan’s era. The seats are made out of pure silk and hand-weaved cotton while the marble centre table carries exquisite designs of the Taj. Loll in luxury by spending an equally royal amount of Rs.418 million!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Tata Product

It’s a Tata product and carries a legacy that is, well...unmatched. Touted as one of the most cost-efficient service providers in India, Tata Teleservices Limited (TTSL) was among the first few players to launch its CDMA services across India and today boasts of a growing subscriber base of 10.71 million in just the digital mobile space. It also provides wireline services to 4.8 million subscribers – in all amounting to a whopping 15.51 million subscribers and accounting for 10% of the Indian telecom space! Little well known is also the fact that it was the pioneer of CDMA 3G1x mobile technology platform in India and well-led by Darryl Green, CEO, TTSL.

It got serious about adopting a vigorous expansion strategy specially after the acquisition of Hughes Tele.com(India), renamed as TTSL (Maharashtra) in December 2002 and has today established a major presence in 20 circles pan-India under the brand name Tata Indicom! In terms of strategic partnerships too, the company joined hands with equipment manufacturers like Motorola, Ericsson, Lucent and ECI Telecom which ensures deployment of a technologically advanced network.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Where there is a ‘Bill’, there ‘Easy’ way

Sixty seconds and Rs.5 is all it takes to do away with the dread of having to queue up for hours to pay your bills. And that is the simple but blossoming market that the Hero Group has entered in through its ‘Easy Bill’ venture. For cashing in on the concept of customer convenience services, Rahul Munjal, in 2003, set out to tap the Rs.50 crore bills payment industry; and this, despite tremendous competition from Bill Junction (an ICICI venture) and Times Money (from the stable of Times Group). Giving the Munjals their rightful due, in the face of stalwart opponents, Easy Bill has now become the market leader, but more critically, has used its promotion methodology to further the concept of third party payments.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative