Banking fraternity remains silent

However, the banking fraternity remains silent on the question of any concessions on the lending rate front and not without reason. A senior official at Oriental Bank of Commerce categorically points out that, “In the upcoming season, our bank will only promote its existing schemes to encash on the festive sentiments and there is no scope of any concessions for consumers availing of loans.” PSBs are reeling under shrinking margins (as PSBs’ move to align lending rates to borrowing costs was opposed by Finance Ministry) & sadly, there is little room for gain. Truly, the era of cheap money is over & borrowers will have to dig deeper into their wallets. Wannabe borrowers possibly could wait for the festival season, for they might get ‘some’ relief, but that could prove equally fatal, if RBI further tightens its noose around banks in late October. There’s just this lingering suspicion with us that this current interest rate eclipse does not seem to be going away anywhere... not to soon...?

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Don’t go by the sound...

...as the real performance of the Indian automobile sector is surely more electrifying
There is a lot at off er this season as auto manufacturers get ready for the onslaught. For starters, there will be some smashing new models from the stable of all the majors. Thanks to the easing of homologation restrictions, come Diwali and you could get your hands over an 800cc plus manic sports bike. With the prospective launch of Yamaha’s 1000cc R1 and Suzuki’s GSX R1000, there will be immense torque power near a local motorcycle showroom. Established executive segment players like TVS, Bajaj & Hero Honda are contemplating a slew of model launches as well. TVS recently unveiled seven new products including two motorcycles and a scooter; Bajaj, on the other hand, is all set to revolutionise the entry level segment with its brand new 125 DTS-Si technology.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Stock of additional skill

This process forces each employee to take stock of additional skill-sets thus obtained, to enrich& enhance the experience and competence with the addition of each year of employment in the organisation. PVMI also encourages its employees to move across functions as this provides them to gain perspective about the organization on a larger platform, thereby helping them to grow in their careers. This ‘role rotation’ process is an integral part of an employee’s growth path. Perfetti believes in not just getting the right people and grooming them but also on retaining them. Given today’s competitive scenario, Palit candidly talks about retention being one of the key issues at PVMI. But Perfetti is not alarmed about this issue as they feel their strategy to change their outlook with the changing times provides them an edge over competitors. Just like its popular brand ‘Center Fresh,’ PVMI is busy continuously refreshing its HR policies. After all, we can’t have the employees of this sweet company turning sour!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Favourite of marketers

“In less than two years, 4Ps B&M has become a favourite of marketers, advertising professionals and communicators. I hope these awards will further strengthenthe strong bond that is developing between us,” a beaming Prof. Arindam Chaudhuri, Editor-in-chief, Planman Media and Chairman, Planman Consulting, delightfully shared on the occasion. The celebration was accompanied by a breathtaking performance by the popular band, Channel V POPSTARS II, AASMA and was anchored by Nina Manuel. The 4Ps B&M and ICMR methodology for selecting the winners, both for ‘India’s 100 Most Valuable Brands’ and the ‘Top 30 Automobile Brands of India’, was painstakingly elaborate and diligent.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Philips lines up new luxury for India...

Philips, the Dutch consumer electronics major, is mulling to introduce its high-end products in the Indian market. Aurea, the premium television (through ambilight it creates a background effect) from its stable would be launched in 2008. While revealing its India plans, Philips Consumer Electronics CEO Rudy Provoost opined that India is an important market for its high-end products. The consumer electronics division of Philips in India is targeting a 25% business growth during the year. Other launches in line are Swarovski crystal studded headphones, home theatre with ambisound and music systems that are wireless. Indeed a wow effect!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative