New look for CNN-IBN

From August 8, CNN-IBN’s onscreen look will change with a new and improved design for its news tickers and Astons (the top-most section displaying information on the current story). The overall pace of the animation has been designed to keep the screen buzzing with information. While the previous lay-out has been drastically revamped, the new addition is a vertical navigator box on the right-hand side that will display the latest weather information, cricket scores, time and date, information on the current, upcoming shows and advertising messages. More importantly, the navigation box allows for display of video clips, such as sneak previews of upcoming programmes. States Sanjay Dua, National Sales Head, CNN-IBN & IBN 7, “The navigation box will provide excellent visibility for those choosing to advertise with us as well as weather, stock and programming information for the viewers with enhanced readability of the advertising messages.” Another feature of the new on-screen display is the use of different colours to denote the genre of the news story being aired. This will allow viewers to distinguish between the nature of the various news bulletins being shown all day long.

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Source : IIPM Editorial, 2008

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

It’s gonna be cash-and-carry for Wal-Mart in India

In one of the most eagerly awaited announcements in the industry circuit, Wal-Mart Stores Inc. & India’s Bharti Enterprises said, that the duo had signed on the dotted line for a 50:50 joint venture for cash-andcarry – or wholesale – operations, to be called Bharti Wal-Mart Pvt. Ltd.. Over the next seven years (it is being estimated that the venture will employ about 5,000 persons in these seven years), the JV will open anything between 10 to 15 cashand- carry outlets that will sell vegetables, groceries, fruits, staples, footwear, stationery, clothing, consumer durables etc. These will be spread over an area of 50,000- 100,000 square feet. The first of the cash-and-carry facilities is going to be opened by the end of 2008. India’s retail industry is valued at around $350 billion; according to experts, this figure is all set to almost double by 2015; significantly, organised retail accounts for only 3% of the sector, but come 2010, it will grabbed at least 10% of the retail pie. Wal-Mart Country President (India) Raj Jain, said, “If retailing (in multi-brands by foreign companies) is ever permitted in India (by the government), we would like to come to the front-end.” What he meant was that if ever the sector were to be opened up, Wal-Mart will obviously consider entering the front-end retailing segment in India. Currently, foreign multiple brand retailers are limited to cash-andcarry and franchise or licence operations. Wal-Mart has a cash-and -carry business in Brazil as well; India is the second country where the world’s biggest retailer will be following the model.

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Source : IIPM Editorial, 2008

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

Getting high on fine wine

Saying cheers to the growing wine market in India, Chateau Indage plans to open more than 1,000 retail outlets that will specialise in selling and educating consumers about wines. For this expansion drive, the ‘company-owned outlets’ mode as well as the ‘franchise mode’ will be used, and the outlets will be called ‘IVY Wine Bars’. At these wine bars, there will be a wide spread of wines available: and other than Chateau Indage’s own brands, there will also be imported wine from Australia & South Africa. Recent reports p e g that Indian wine market stands at 4.6 million litres in volume terms and Rs.450 crores in value terms. By 2010, the wine market is expected to grow to 8.3 million litres. Cities like New Delhi, Mumbai, Chennai, Kolkata, Pune and Bengalooru consume about 80% of the wine sold in India. And more than 60% of the volume sales of wine happen in five-star hotels, pubs and bars.

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Source : IIPM Editorial, 2008

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