United Brewery’s holdings… Unlimited

IIPM PUBLICATION
Be it riding on the jumbo jets or making its mark on the devilish blood-red beer bottle, the stunning, gorgeous ‘Kingfisher’ bird has done it all. From making six something in height, darker than the dark itself, west- Indian players humming “ula-lalala- lala-lele-oo…” and running across the beach around the beautiful chicks, to making it a punchline and forming one of the most recalled brands, every strategy of the massive organization seems to have earned big bucks for the flamboyant Mallya family.

A legacy that was taken up by the Vitthal Mallaa, later shouldered by the Mallya Junior – Vijay, it’s ready for a new sojourn with the third generation son Siddharth. The flagship that takes care of a number of companies with businesses in pharma, Aviation, fertilizers, international trading, infrastructure, media et al, has proved itself time and again as one of the most appreciated brand.

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Source : IIPM Editorial, 2006

Dean of IIPM :- Professor Arindam Chaudhuri (Renowned Management Guru and Economist)

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The Flavour Of The Season

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

Working with fun!

IIPM MANAGEMENT INSTITUTE
‘If you love your work, you don’t work for a single day’, a cliché echoed by Joshi, who confidently states, “I try to motivate my people in such a way that they enjoy work. And to do so, I believe in 100% collective decision-making.” He further elaborates that the company encourages a lot of creativity and innovation which, according to him, is must for a fashion business organisation. To ensure creativity and innovation, the company to its credit has built a management board that comprises of members who belong to varied domains ranging from banking to fashion industry This man is a perfect fit in a luxurious fashion company as he likes to drive a Lambourgini. Apart from Polo, Joshi enjoys watching Formula- One racing. On being asked about the future of the company, he announces with pride that, “Brand House Retail would be a gateway for fashion and lifestyle retailing. We want to reach all segments of textile and various demographics. So by 2010, there will be 17 to 18 more brands...” Here’s a man who’s determined to wipe-off the schooluniform image of S. Kumars and make it a champion that controls all possible textile segments.

Edit bureau: Angshuman Paul

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

Dean of IIPM :- Professor Arindam Chaudhuri (Renowned Management Guru and Economist)

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

…NEITHER DOES GROWTH

IIPM MANAGEMENT INSTITUTE
As a consequence, there is a very high probability that the Indian banking sector will be seeing an upsurge in defaults. Ajit Dange, Assistant Vice President (Research), UTI Securities comments, “The banking sector will see an uptick in the loan default rates as the weaker companies in each industry will not be able to withstand competition and increased margin pressures.” Furthermore, the ill effects of this development on the economy could take the form of a growth hampering credit tightening by the central bank. Risk weights are being increased by RBI for different risk prone sectors; and the current deterioration in the credit quality might just exacerbate this process. Even the cost of credit might go up, which is discouraging for the Indian corporate houses and their creditdriven expansion plans. As Dange further comments “These steps (discussed above) will reduce the credit flow to the corporate sector... The cost of credit will also increase further.”

Bank credit to corporate sector almost doubled to Rs.1,221.65 billion in 2006 from Rs.620 billion in 2005. The greed of bulk fund requirements by corporates has enticed banks, which are willing to part with their funds even at lower interest rates and some are even ready to compromise on pre-credit sanctions appraisal, so as to gain quick market share, which in turn is a direct outcome of fierce competition in the sector.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)