Correction for whom?

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Sources close to Unitech confirm that “the real estate market saw a correction in 1996-1997 when the prices crashed after going up by 1,000%. In India, investment in residential property is considered safe, so prices of residential properties rise but with inflation and bank rates soaring high there’s bound to be some correction.”

If the words of DLF, the largest real estate player in the Indian realty circle are to be believed, the price correction will not affect the conglomerate at all as the spokesperson from the company asserts, “First of all we don’t believe that there is any slump in the Indian real estate industry and if at all there is, we will not be affected by it at all as we are established as a trustworthy brand among the country.” The healthy interest coverage ratio and position of debt on the balance sheet is making the company so optimistic. Though the realty major faced a minute liquidity crunch when it delayed the Singapore REIT listing, PE players are still more than willing to invest in the company, as they consider it to be a good bet even in the midst of the current downfall in the sector.

Moving over to Parsvnath, as per Pradeep Jain, Chairman, Parsvnath Developers, the correction is not a major hurdle in the growth of the company as he avows, “We can expect correction on the projects offered by small developers, who had unreasonably priced their projects at locations, which are not easily accessible and hence not finding customers.” But he feels that the crunch won’t affect them either, since their projects are appropriately priced and in proximity to customers. On the other hand, if we look at the data of land bank of the company it shows that the company has 16% of their project portfolio devoted to residential and only 2% of their portfolio stands for commercial land. Even though residential projects earn high ROEs due to the negative working capital, with the current interest rate scenario and escalating rates of raw materials, investment made in developing residential land seems to be a loss making proposition at least at this point.

“The construction and infrastructure sector is (also) feeling the heat of rising steel and cement costs as a steep increase in the prices of these two primary inputs, as steel contributes about 15-20% of total cost whereas cement contributes about 10-12.5% of total cost,” adds Jain, citing the 10-12%rise in the prices of Cement and 20-25% steel price increase. This is surely going to challenge their ability to cater to the middle and low income groups.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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BenQ T51WA

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Technical Specification
HD TV Support: No; Contrast ratio: 400:1; Response time: 8ms; Brightness: 200cd/m2
PRICE: Rs.7,600 without taxes
WARRANTY: 3 years

The BenQ T51WA proves highly advantageous, especially for jobs which demand long ‘high-strain’ hours in front of the desktop screen. It comes with a 15.4 inch LCD monitor for more comfortable viewing. Its response time is 8 milliseconds and thus makes gaming a great experience. The monitor with 262k colour display has an immaculate brightness ratio of 200cd/m² & a contrast ratio of 400:1; all which provide sharp viewing. In terms of pricing, “the BenQ T51WA wide screen makes the jump to a wide screen monitor viewing affordable, while keeping performance and output intact,” observed Ish Bawa, Marcom Head, BenQ India.

Marketers’ delight: The least response time in its category & quality of display make it a consumer magnet. Besides, BenQ calls it ‘the world’s first 15.4 inch Wide Screen LCD Monitor’. Beat that!

Tester’s note: Pros – Wide screen. 8ms response time. High contrast. Wide viewing angle. Cons – Small for general entertainment purposes. No High-Definition support.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Now IIPM's World-Class Education... for everybody!!
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
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4Ps Power Brand Awards 2007
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IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Sizzling Gadgets that India Desires

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Technology evolves and with it evolves the needs of those swimming around in this sea of gadgets. 4Ps B&M-ICMR and The Indian PC Magazine present a handful of gadgets that India most desires... Welcome to the world of sizzling gadgets!

Technology is rather a strange term. It gives to its beholders a strange sense of pride and power. But why’s it strange? Well, the same individual suddenly realises that the great gadget that felt like a 24th century virtual mouse or a spanky futuristic hovercraft in his hands, now, makes him feel like a 19th century slowcoach! And that’s where his wants get a new kick... to buy a better gadget, a sizzling piece which makes him stand out in a crowd!

Currently, the topic of technological change has been discussed to death... And there are theories unbound, some blaming it on the changing consumer psychology and some on peer influence. However, one theory stands – the paths of old technology and new technology cross paths. And more so, the performance level of the new technology platform is much higher than that of the previous one. However, there is a pleateau. And that changes it all... So what gives? A new technology again!!! The world of sizzling gadgets sees a new star rise every day (perhaps moment) and there’s a clutter of options for those who want to hop onto the new platform. That’s where this survey conducted by ICMR in association with 4Ps Business and Marketing & The Indian PC Magazine comes in, to relieve you of your dilemma, giving you a list of the most wanted gadgets in various categories in the country.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
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Standard & Poors does not predict a deep recession

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This time, post the financial coup, the Dow Jones average of industrial stocks surged by approximately 400 points and the markets elites have in fact started claiming that the capitalist crisis is over. “Standard & Poors does not predict a deep recession,” insists John B. Chambers Chairman, S&P Sovereign Rating Committee. But one wonders, is it really the end, or will history repeat itself?

Roubini opines that in a recession, the S&P 500 typically drops by 28% and having come off 12% so far, it has a long way to go. Financial crises do not come along until and unless there are underlying problems; and the problem lies in the stark differential between production and consumption patterns in the US. Former Fed Chairman, Paul Volcker, too has critically questioned the rationale behind the Bear bailout and cuts; according to him (when addressing the Harvard Business School), “The only trouble (with the US economy) is you can’t go on forever spending more than you’re producing.”

The Senate Banking Committee also questioned the $30 billion taxpayer bailout for a Wall Street firm while people on the Main Street struggled to pay their mortgages. Ben Bernanke had this to say to the committee, “...damage caused by a default by Bear Stearns could have been severe… the adverse impact would not have been confined to the financial system but would have been felt broadly in the real economy through its effects on asset values as well as on credit availability.” The committee apparently seems to have bought the logic, but some market watchers apparently have not. Victoria Wagner, Credit Analyst, S&P, calls it a risky move as she feels that, “The mortgage GSEs (Government Sponsored Enterprises) face heightened demand to provide mortgage financing, which comes at a time when their need to raise capital and improve earning has come under extreme pressure against the backdrop of a historically weak housing markets and seized securitisation markets.”

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
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IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
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When IIPM comes to education, never compromise
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Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

VISHAL DADLANI - MELODY OF MATURITY

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VISHAL DADLANI
MELODY OF MATURITY

When Vishal Dadlani started as a vocalist of an electronic band with friends from all over Mumbai, he could have never imagined the dizzying heights of fame that he would be catapulted to and the accolades that would soon come his way. Pentagram was never meant for the masses, thanks to its metal undertones and hair-raising lyrics. But it enjoyed its ardent fan-following nonetheless. But that was nearly a decade ago. Vishal teamed up with Shekhar Ravjiani to form the duo of Vishal-Shekhar and after the colossal success of the movie Jhankaar Beats, they became hot property in the industry.

The critics held back from going full out in their appreciation of the new-found talent. Most sceptics did not take Vishal-Shekhar seriously and believed them to become a likely addition to Bollywood’s list of one-hit-wonders. But the duo followed their lucky streak with movies like Salaam Namaste, Dus and Bluffmaster, and as Saif Ali Khan and Ahishek Bachchan grooved to their beats on-screen, the Indian music lovers lapped up their albums.

In retrospect, Vishal has come a million miles from where he had started; both in terms of the genre of music he belts out and the audience that he caters to. So if music was the first choice, one wonders if this was Vishal’s first love. “Well, I would say that I did not take up music but it took me up instead. In 1993 I started Pentagram, which was the turning point of my life. 1996 is when I started off in this industry and here I am. Even as a child I always loved music,” reminisces Vishal.

For someone with high credentials in the music industry, it becomes even tougher to maintain the status. But our man has one mantra of success that is not that easy to overrule. “Make good music and keep trying to do better.”

With the kind of competition in the business, many would wonder how he intends on managing to keep up with the high standards that have now come to be expected of him. “Some of the music directors are good friends of mine. I learn a lot from them and we talk about what we like, which is music. So it’s all good,” says Vishal. Hope this camaraderie and excellent music are here to stay because it will easily take an eternity or more before we would have had enough of this man.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...