New gold, old votes : IIPM

MANAGEMENT COURSES
God alone knows what made P. V. Narsimha Rao choose Manmohan Singh as his Finance Minister in 1991. The two had much in common, quiet men who didn’t oppose their bosses, and who went to great lengths to avoid controversy. Rao had, until then, done nothing remarkable, while Singh charted an anonymous existence as a bureaucrat. But, what a duo the two proved.

Rao craftily kept Sonia Gandhi in the sidelines, while Singh took to politics with gusto. He soon unleashed his New Economic Policy of liberalization and put India on the path to superpowerdom. Nehru’s mixed economy was dunked as Singh opted for privatisation.

Though often debated, the policy became irreversible and even the Left had begun to accept it. Many sectors are booming, and India’s growth has surprised many.

Most astonishingly, Singh became Rao’s best gift to India. Today, with backing from Sonia Gandhi, Singh ranks with Nehru, Indira, and V. P. Singh, as the most impactful Indian prime ministers.

Singh’s policy spelt the end of the licence raj, and gave credence to enterprise. There are still plenty of hurdles, primary being infrastructure, but the policy of openness and liberalization seems set to be in place.

The most visible impact of Singh’s policies is the zooming Sensex. Th e middle-class investor is happy, the mutual fund sector is thriving, and all eyes are on the round II of reforms, which is expected to take prosperity to the rural hinterland.

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Source :- IIPM Editorial, 2006

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IIPM :> Wipro’s IT services and product offerings

B-SCHOOL INDIA


As evidence of how brilliant the culture of competent dynamism is within Wipro, the ventures discussed above currently make up just about 8.5% of Wipro’s revenues, and 6% of its profi ts (before taxes). The rest of its revenue & profits come from Wipro’s IT services and product offerings. For a company which used to sell oil, currently Wipro is renowned as a world-class soft ware solutions provider, a business which started unsuccessfully with its word sheet processing package. Apart from a world class consulting team, Wipro India has successfully leveraged its alliances with different partners. While most Indian companies had a tendency to tap the high margin consulting market, Wipro has strived to provide end to end consulting solutions. A major step was the acquisition of Spectramind to create Wipro Spectramind in 2003. Now rechristened Wipro BPO, this company is one of the leading Indian BPO companies, providing CRM, back office transaction processing and industry specific solutions. Kaavya’s Opal might be down, but Premji’s Wipro has seriously got a life!...

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Source :- IIPM Editorial, 2006

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TRIUMVIRATE AMBANIS, reliance’s famed fables! : IIPM

IIPM BUSINESS AND ECONOMY
Adjectives fail to describe the sheer audacity with which the Reliance Group has managed to grow not just in the markets, but also in the minds of shareholders. The late Dhirubhai Ambani managed to create a business empire that is incomparable to any other individual non-legacy Indian success story, both in size and in scale. Dhirubhai muscled Reliance’s way into the Indian capital markets in 1977 with a public issue of a whopping 28 lakh shares under the Reliance Textile Industries banner. Dhirubhai’s fable of being ruthless, cunning and shrewd spread thick and fast as he exploited opportunities much quicker than his peers. Dhirubhai rewrote the record books in Indian corporate history by defying established wisdom with every project that he undertook….

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Source :- IIPM Editorial, 2006

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The global market for biometrics

IIPM PUBLICATION

The commercial uses of biometrics are especially bright for unmanned checks. For example, there is a prototype built for frequent flyers – an iris scan identifies the passenger and updates miles earned per flight without requiring the frequent flyer ID card. Employee attendance can also be easily taken care of through biometrics; eliminating ‘buddy punch-in’ tactics. Statistically, the global market for biometrics is poised to hit $3.6 billion in 2008 (Frost & Sullivan). “Security companies should invest in biometric technologies to offer more comprehensive product portfolio,” says Sapna Capoor, Frost & Sullivan. And with such rich revenue predictions, it seems to be one of the best times security companies have had since the Y2K bug hype. So finger up everybody!....

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Source :- IIPM Editorial, 2006