When money IS object!

He is the finance whiz kid at Tata Steel, and considering the troubles that the company is facing in that area, Chatterjee seems the obvious choice

Finance is the bone of contention for any company at the moment, more so for a company like Tata Steel, which catapulted itself to the rank of the world’s fifth largest steel maker with the historic $12.1 billion Tata-Corus deal. But the new entity has off-late run into a lot of financial problems in the wake of the unprecedented downturn in the steel sector. Add to that the payback of $6 billion loan taken for the deal, which has increased the financial risk profile of the company. Thus, with Muthuraman ready to hang his boots, the need of the hour is arguably a man, who should have it in him to efficiently manage the financial profile of the steel giant. Koushik Chatterjee, the Group Chief Financial Officer (CFO), bestowed with the overall responsibilities for group financial reporting, Investor Relations, financing strategy inclusive of debt and equity raising, corporate M&A, risk management & compliance, taxation strategy & planning and co-ordination of statutory and management reporting might just prove to be the right candidate for the job. Chatterjee has been the calculating brain behind the acquisition of the Anglo-Dutch steel-maker.

Chatterjee has been associated with Tata Steel since 1995. “The succession planning at this level is the prerogative of the Board of Directors. We are sure that the Board will make the necessary announcements at the appropriate time,” states B. Muthuraman, CEO, Tata Steel to B&E. Being a core member of the company’s Board of Directors, Chatterjee with his financial expertise can definitely prove to be a safe bet to hand over the baton. He has also gained significant overseas exposure by working with Tata Steel UK, NatSteel Asia Private Limited, Tata Steel (Thailand) Public Company Limited, Southern Steel Berhad, Malaysia et al.

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

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

ARE THERE MORE DUBAIS?

B&E UNDERTAKES A FINANCIAL PRIMER ANALYSIS ON THE ECONOMIES THAT HAVE A HIGHER PROBABILITY OF COLLAPSING THAN DUBAI... AND SOME MORE!

As Dubai stepped up on the construction-led growth and started showcasing to the world that something almost impossible could be achieved in a desert land, investors and investments started pouring in. In return, Dubai merrily kept riding upon cheap money that flowed in from various parts of the world – particularly Europe and Middle East. Gradually, Dubai started suffering from the ‘est’ syndrome, which defied basic economics. Whether their markets needed it or not, everything they constructed had to be the tall‘est’, long‘est’, high‘est’, bigg‘est’ et al. So starting from the biggest manmade ice skating rink, to the tallest building in the world, to the biggest manmade islands, to the longest shopping malls, Dubai, in the name of grandiose and opulence, created everything that man had ever dreamt of. Such was the scale of the construction drive that it is estimated that almost 60 percent of global cranes were working in Dubai till sometime back!

It was not that all investors were sold on the Dubai idea.

It was only those who got sold on the dream that Dubai created, and those who wanted to make a quick return on their investments, who were the ones who got drawn to this fairytale island. But then, there were certain sections of analysts who always found the Dubai market extremely intriguing. It is estimated that during the peak of investments flow into Dubai’s real estate, almost 30 percent of office area lay vacant on both sides of the Sheikh Zayed road – the central business district of Dubai. But still, Dubai kept on piling more space and raising old spaces to create new ones. And what was more asynchronous was the fact that real estate prices kept on spiraling northwards in the meanwhile. This was kind of strange as it meant that demand was being artificially created by restricting supplies of already built-up spaces. Thus, in their quest of creating a dream destination for investors, Dubai forgot two basic principles: First, in any market, artificially created imbalances cannot sustain for long (They can sustain till the time investments are flowing; and those too cheap ones).

Read more......

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

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

POSTULATE I: NUCLEAR WAR

Alpha males that we all are, none of us believes a nuke attack will ever happen in our lifetimes – so we write this treatise to the alpha female

Add to this, 8 million people would be affected by 100 to 600 rem. In general, besides the local destructions, any nuclear war in any part of the world would result in a ripple effect. A study on the ‘Atmospheric chemistry of regional nuclear war’ suggests that the hot smoke from a burning city would tear holes in the ozone layer.

Research by scientists at the University of Colorado at Boulder proves that the increased ultraviolet radiation (from the ozone loss) would double the DNA damage along with increasing the cancer rates manifold. This would also reduce crop yields and starve hundreds of millions the world-over.

It is now clear that even a limited and local nuclear war involving less than 100 low-yield weapons, apart from killing a minimum of 20-25 million people, would activate a decade of cold climate titled the ‘nuclear winter’ (report by the American Association for the Advancement of Science). This limited war would also generate 1 to 5 million tonnes of carbonaceous smoke particles, darkening the sky. NASA predicts that 40% of this smoke would stay in the stratosphere for 10 years. The Journal of Geophysical Research concludes through climate model simulations that even a small nuclear conflict would cause mayhem on the atmosphere by “cooling it twice as much as it has heated over the last century.” The journal reports that on an average, global surface cooling of –7°C to –8°C would remain for years – this could well make global temperatures colder than they were 18,000 years ago.

Like we mentioned, it is much easier (and faster) to die from the effects of a nuclear disaster than from those of global warming. Black humour aside, the world in general should gather behind Obama to support his effort to make the world free of nuclear weapons. What would work against him is the fact that the US has extremely less moral authority on this issue. Well, they’ve carried out 1050 plus known nuclear tests till date... 

Read more.....

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

For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Literacy shocks

Education needed in Lok Sabha

Education is a universal right, an invaluable lifelong asset; but the same does not apparently apply to those who are responsible for its spread across India. In the Lok Sabha, education appears to be inversely proportional to money and muscle power. There are 132 MPs who could not attain their first degree, but are better off than the degree holders, with average assets of Rs.20 million as against Rs.14 million for the latter. They even surpass graduates in their past endeavours – around 30% of the semi-educated MPs (undergraduates or even less than that) are involved in criminal cases as against 21% educated ones. (It is worth mentioning that the top 5 MPs with highest asset values do not have any criminal cases against them. N. Nageswara Rao from Khammam leads with an asset value of Rs.1.73 billion, followed by Navin Jindal from Kurukshetra with Rs.1.31 billion and L. Rajagopal from Vijaywada with Rs.1.22 billion).

The total assets of all MPs combined is valued at Rs.8.78 billion, excluding the value of cars they posses. The average net worth of our MPs is valued at Rs.16.4 million while in the non SC/ST category, it rises up to Rs.20 million. Over 27% of them have assets more than Rs.10 million, and an enormous 50% have more than Rs.5 million. Quite understandably, the ruling Congress Party has the highest percentage of MPs exceeding Rs.10 million of assets (45% of the crorepati MPs come from Congress; their representation in the Lok Sabha is 30%), and 52% of the total assets combined are owned by them. The per capita assets of the less educated MPs sums up to Rs.19.3 million compared to Rs.13.7 million for MPs with better educational qualifications. Coming back to education, the literacy level of our MPs has improved over time as now 75% of our MPs are graduates, but there are 6% still who are not even matriculates.

Read more.....

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

For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

HOT ACCESSORIES

Kenwood KDC-XBT8013U

Listening to music was never so exciting until Kenwood launched its in-car audio system, XBT8013U. With an in-built USB input & disk drive, it is compatible with iPhone & iPod. Variable colour illumination, DSP advanced digital sound processor, hands-free phone operation with wireless music streaming via high-performance Parrot Bluetooth unit – it’s just the one for your machine. Price: Rs.17,990

Pioneer AVH-P4150DVD

If you thought that LCDs were meant to grace only your living rooms, then have a look here. Pioneer AVH-P4150DVD is a benchmark in car audio & video systems with 7-inch LCD touch screen colour display. Preventing the loss of original sound (as in the case of compressed CD format), its advanced sound retriever feature helps in recreating the original sound.

Read more.....

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

For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Losing count of all that one counts on

The fear of losing count of all that one counts on, might just temper down thanks to a new research…

A recent Cardiff University research (largest ever study of Alzheimer’s) has uncovered two genes (CLU and PICLAM) associated with the disease, which is giving scientists hope for a much clearer course to develop new treatments. Professors, who are a part of the research, can not contain their excitement after learning about the protective effect of these genes on the brain and at being able to fathom Alzheimer’s disease in an entirely new way. Until now, only one gene (APOE) related to Alzheimer’s was known and that too, the one that stimulates the ailment.

Inheriting any of this gene’s four mutated forms is known to cause Alzheimer’s genetically. This gene releases harmful proteins that get deposited in the brain and these deposits are known as amyloid plaques. While CLU produces a protein that clears these plaques deposited in the brain, the PICLAM gene produces protein that aids nerve cells to form new memories…

This research paves way for a whole new set of inventions, from medicines to equipments. Scientists plan to track the changes in these genes to interpret disease development before it gets too late for those who run the risk of getting the disease. Now, patients will be able to hold on to their memories for longer... unlike the man I mentioned in the beginning, who wasn’t an engineer but a bureaucrat...

Read more....

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

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

A swipe at the wipe

Give up using toilet paper, and save the planet!

People who are conscious about global warming, and know exactly how our pursuit for comforts is adding on to the problem, usually frown at those driving around town in SUVs, but even they would find it hard to believe that toilet paper is contributing even more to the problem than those fuel-guzzling cars! Yes, believe it or not, in order to save the planet Americans and people around the world will have to learn to clean their derriere with something other than the rolls of soft, white toilet paper! What’s more, in US, a 3% excise tax on toilet paper is being proposed under the Water Resources Protection Act too, as the tissues end up in waste water and need treatment by sewage treatment plants!

Leaving aside clay and stone, sponges and salt water, people in USA began to wipe their behinds with paper about 150 years ago, and today, perhaps as a result of globalisation, people around the world have begun to emulate the Americans. So, while an average American uses 57 squares a day and 50 pounds of toilet paper in a year, the real growth is being experienced in developing countries. But the cost of using tissue paper is immeasurable, as apart from tree farms and previously logged second-growth farms, they are being made from the centuries old Canadian boreal forests. While toilet paper made from recycled fibres is available, people choose to not use them as these are coarse, and in order to keep enjoying the softer, fluffier paper, we’re happily trading our wild forests, which are incredibly important for maintaining the ecological balance – for removing greenhouse gases from the air, and for providing habitat and water purification systems to thousands of species. These finer rolls of paper also require more water and more toxic chlorine bleaches for their manufacture.

 

Read more.....

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

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)