FDI in Retail
Bharati is in talks with Tesco,Walmart and CarreFour for joint venture in India. Indian retail sector is only 3% organised as of now. Which makes MNC's clamour for a share in the Indian Market. As there is a huge potential. Looks like retail has a bright future.
India Ranks 61
India has stood 61 out of 62 countries covered in th elevel of globalisation. Only Iran is ranked below India in a study carried out by AT Kearney. The parameters taken into consideration were of the like inbound FDI, Political climate etc. Even countries like Pakistan, Bangladesh et al have scored better on that front. Looks like India has to do a lot of running to catch up with global fast runners.Bye for now.
Indo China Bilateral Ties
The chinese president is on a four day visit to India. THere were totally ten agreements signed. Tourism is to be promoted and India looks forward to double its trade with China to 40 billion $ by 2010 from the present 20 billion $. But there are issues to be resolved like China considers Arunachal Pradesh to be their integral part, which is objectionable to India. Trade can be used to ease out tension between the two nations, any ways, since 1962 there has been no major stand off between the two nations. Peace with a neighbour means peaceful sleep for India, decreased defence budget and more prosperity for the nation.
FDI Estimate
FDI in India is expected to be 12 billion $ according to the commerce minister Kamal Nath. Last year it was 7.7 billion $ and this year in the first two quarters it is doubled from 2.2 Billion dollars last year to 4.4 billion $ this year. But this is peanuts considering that the NRI's of India have a Investible surplus of 360 billion $ which they are reluctant to part with in favour of India. Pathetic state of affairs.
Well keep reading, keep enjoying.
Good News For Open Source
Microsoft and Novell are coming together. They are making the two o.s. Windows and linux more interoperable and compatible. Good news for corporates who are using both the operating systems. Also it seems that Linux SUSE stands to gain as it could be distributed through MIcrosft retail outlets. Well Microsoft seems to have come to terms with the fact that open source is here to stay. As a large number of corporates and Govt. sector has adopted Linus as high end server market. Do yu think Windows OS share will erode due to this step?
Ambani's Tussle
The Ambani brothers seem to be unreenting in their race for supremacy in Indian business landscape. Anil recently moved high court for implementation of gas-supply agreement. In the strange world of business sometimes friends go on to be perfect partners and sometimes even siblings fail to live up to parents expectations.
PSS for Indian
Indian is launching a Passenger Service System. It is implementing a CRM module worth 30 crores to serve its 7 million passengers annually. Tickets could be booked through mobile or ATM. It will also facilitate Web check in and self service check in service. It also includes getting passenger information, and baggage facilitations, the common sources or irking customers.
Human Trafficking
It has already assumed high proportion of crime rate. The increase in population is more from Bihar, UP, MP, Jharkhand et al which are poor states, hense any increase in the population is only going to result in an increase in the incidence of crime and human trafickking. Some economists and Guru's including noted Mr. Arindam Chaudhuri feels that population is an Asset. Only time will unfold the mystery.
Unbelievable Facts
This year India was ranked 70 th most corrupt nation from 88th last year. First time India improved its position. But its score out of 10 is a measly 3.3 which means that India is still horribly corrupt. Crores of rupees are spent as bribes every year. The sting operations by media is a definite hit below the belt of these spineless creatures. Hope government doesn't pass the bill to curb sting operation. Long live democracy, death to the corrupt.
NDTV to Expand
NDTV is planning to expand into a few more channels, a Hindi General Entertainment Channel, a lifestyle channel and Metro TV Channels over the next few years. NDTV is forming a fully-owned subsidiary "NDTV Ventures" that will lead the comapny's foray into these areas. Funds for it would be generated either internally, through private placement of equity or the IPO route.
Wal-mart Acquires Trust-Mart
In a deal worth $ 1 Billion Wal-Mart is to acquire Trust-Mart in China, which has about 100 outlets, outbidding CarreFour. The chinese retail market is worth a huge $500 billion. This huge market has a great strategic importance for walmart as it can achive in China what it achieved in China in 1 year what it could achieve in US in 20 years. Wal-Marts international business grew by 32% last year.
The TV News
Losing their focus on informing to Entertainment. Switch on any channel and you see them celebrating Ash or Shah Rukh's birthday or promoting some other films. Although what stars do is news, but I don't think more than 5 minutes should be devoted to that segment. Also I don't like the presentation of the news of any channnel. They spend crores on setting up Infrastructure but miss out on the crucial part of presentation. The old fashioned news paper is better than TV if not the best. People have power and they have arrogance or ignorance, god knows what.
Corporate Shirking Responsibility ( CSR)
REcently NASSCOM has launched NAC test to certify BPO employees at a nominal fees of 100-200 Rs in Rajasthan, soon to be launceh in 7 other states. A good ploy to collect Hafta from the unemployed considering that the selection rate is about 3-4%, looks like a money spinning move. Previously BPO firms have employed massive PR initiatives to showcase BPO career as a shining path. REcently a survey found that majority of current call center workers believe that they are being exploited and have to work at odd hours for non-commensurate payment. A brazen act of selfishness and apathy. Shame on NASSCOM to be involved in such initiatives.
