Showing posts with label London. Show all posts
Showing posts with label London. Show all posts

Thursday, February 7, 2013

Lost in LONDON

The results of UK’s General Elections were a forgone conclusion, but this long drawn out impasse might throw some strange bedfellows, reports James Landale from London

In 1974, Ted Heath famously asked the question, “Who governs Britain?” It is not a bad question to ask the day after the 2010 general election.

The first decision has come from Gordon Brown. Despite losing seats, despite coming second, he has chosen not to resign. He has instead paved the way for cross-party negotiations to begin by allowing civil servants to “support” the Conservatives and Liberal Democrats in any talks they may have.

If Brown had resigned, Cameron would have gone directly to Buckingham Palace and a minority government would have been formed.

The prime minister’s aides and ministers are making it very clear that they believe some kind of deal with the Liberal Democrats is possible, a kind of anti-Tory “progressive alliance” with an agreement on electoral reform at its heart.

The ball thus moves to Nick Clegg’s side of the court. He says he will stick by his campaign promise to allow the party with the most seats and votes – thus the Conservatives – to have the first right to seek to government.

He says, “It is now for the Conservative Party to prove that it is capable of seeking to govern in the national interest.” In other words, what are you offering, David Cameron? Clegg is not saying that he will never talk to Labour or do a deal with them, just that he will talk to the Tories first. He will listen to what Cameron offers him and take it to his party tomorrow. He will not move fast.

The Liberal Democrats will not want to do much with the Tories unless proportional representation is on the table. Remember that Clegg will have to take his party with him; he cannot operate alone in these talks.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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Thursday, November 22, 2012

Run, it s the global textile beast! burp!

When our Editor called us to his office a few months back and told us that us two ‘lucky’ one’s had been chosen to ‘recon’ the Indian textile sector and to compare its progress globally, we realised that finally, us two upstarts had arrived; and our calibre recognised. Visions of the fashion capitals of the world started floating all around us. Which one should be the first one we should hit to really understand the effects of India’s textile sector on global players? Should we travel to New York? Or perhaps Paris & Milan? Maybe London would be a better bet? Or closer home, Tokyo?

The truth hit us hard, too hard. When our cab stopped at the city centre, the searing heat got to us faster than the bill we had run up from New Delhi! We were in Ludhiana! The fact is that if one has to understand which places really drive the Indian textile sector, the names are as unfashionable as they could be. There are basically three belts that drive Indian textiles – the Ludhiana belt, the Tripur belt and the Ahmedabad belt! Punjab, Gujrat and Karnataka in fact contribute a smashing 40% to India’s total textile exports! And this story is about our experiences through these belts with people who can change industry dynamics with just a phone call. And about the fact that 3 years after the textile quotas were abolished, the Indian textile industry is surely dying; waiting for that last bone crushing hit from the sharks of the global textile world, led by the ruthless beast of an animal called China!

How better could you describe it? Walk through any street of Ludhiana, and you’ll see at least one dying textile unit. Ahmedabad – once called the Manchester of India – has seen 65 mills close down in the past two years. The irony is that it wasn’t too long ago that the contagious energy of the blued eyed boys of the Indian textile industry was propelling analysts from all over the world to think big about India.


Source : IIPM Editorial, 2012.

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Thursday, September 6, 2012

BANKS ON THE MOVE:KVB

Ranked amongst the world’s top 1000 banks in 2009 by The Banker, London, Karur Vysya Bank is perhaps the least written about banks in India. But with an obscenely mammoth Rs.300 billion plus business being churned out an NPA ratio which is amongst the lowest across India, the bank can just not be ignored. B&E investigates what’s up with the bank?

But with greater market presence, would come the bigger danger of a hostile takeover. When the economic crash occurred, apart from the immediate biggies, those were the small banks that first collapsed. Even in India, the banking industry has seen a score of such small bank mergers/takeovers in the past few years. Kuppuswamy has dismissed the issue in the past too, depending more on the cash-richness and high profit figures of the bank to ensure the stock price stays unreachable high. KVB’s stock performance, for example, beat the BSE Bankex by close to an obnoxious 300% difference in the past year.

But the question always would remain on how they’d be able to put into action BCG’s recommendations in toto. Their past is ostentatiously well endowed; but we’ll be tracking them closely in the near future too, and would be counting the battle hits taken by and gifted to this regional giant. For now, we present the exclusive interview of the man who runs the show at KVB, P. T. Kuppuswamy, Group Chairman...

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Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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