IILM Get Ahead ( Post 1 ) – What can you to do to make your Summer Internship Work

Posted on May 7, 2012 by Admin

What is the typical scenario in a Summer Internship

1. No Prior Clarity of companies you wish to get into

2. No Real Introspecting of Individual Strengths and alinging them with your own shorlisted Company/Industry

2. Getting a summer internship by hook or crook

3. Didnt really get a good project or work in hand which resulted in further lack of drive

4. Time Passed By, Did not even go half the days

5. Project report prepared in the last week before joining back ( Delhi/Gurgaon Students rushed to Ber Sarai )

6. Back to the B-School, tagged along few others who sailed the same boat, felt better, Moved on.

Mentioned below are some of the key points that we feel are quintessential for your Summer Intern success Continue reading →

IILM LR/GGN 2010-12 Batch Highest Package

Posted on May 3, 2012 by Admin

IILM 2010-12 batch placements saw huge increase esp. in the number of new companies( Total = 240 ) which have come for final placements.

At the time of posting, A total of 613 students have been placed. For complete details & analysis, visit - http://www.iilm.edu/placements/report/index.html

Highest Domestic Package Continue reading →

Is BBM – Bye Bye Blackberry?

Posted on May 3, 2012 by Prachi Chawla

What urged me to write an article like this is probably the decline in the population of Crackberries a.k.a Blackberry addicts. As we raise our heads in question, “is it?…REALLY??”. I wish the answer to these could have been as simple if Blackberry and Apple were just fruits .Take a sneak peek at the statistics given below Continue reading →

Union Budget 2012-13 & G(AA)R

Posted on April 23, 2012 by rakhisingh

In the Bob Zemeckis movie ‘Back To the Future’’, the protagonist keeps alternating between the past and the future to undo and mend things which are not going as per his scheme of things. He tries to change his ‘present’ by looking into the future and goes into the past to fix things and bring them back on the rails. In one of the earlier editions of the series, he goes back into the past to make sure that his parents meet, and thus creates the ground for his own existence. Later on, when he acquires the capability to go into the future, he checks the lottery number for monetary benefit to his immediate family in the present.

Inspired by the series of this flick, India too has decided to undo the wrongs of the past and make its present more comfortable. In the Budget for 2012-13, the Finance Minister has proposed minor amendments to the IT Act 1962. Continue reading →

The Butterfly Effect- Prastha Saxena

Posted on April 2, 2012 by Admin

THE BUTTERFLY EFFECT
“Without chaos, there can be no order.”- That’s what the picture shows me.
And also, that we as homo-sapiens are above this tango of chaos and orderwe
control this dynamite we sit on!
The picture includes almost all genres of this world- tank wheels, aircrafts, junk
food to exercise equipment, the latest technologies, books, sports,
skyscrapers, fashion (as a woman, I would take the liberty to appreciate the
beautiful peep toe shoes)… On closer looks, it contains everything that makes
our world functional today and yet they appear like a pile of garbage. Even if I
pull out one element, the mister at the top will come tumbling down like the
Jill of ‘Jack and Jill’. That’s the world we live in. Things we have created have
become so interdependent and powerful that they can bring us down in a click.
The ‘Chaos Theory’ has a wonderful component under sensitivity analysis -
“the Butterfly effect”. It says that the flutter of a butterfly’s wings in Brazil can
set off a tornado in Texas. To relate it to my idea here, it’s this- a small change
in something can bring about a magnanimous alteration in another if they are
even slightly connected.
Everything is so connected that a slight twist in one element either
exponentially strengthens or crumbles this heap we are sitting on. It makes so
much sense in today’s world where everything is hardwired into almost
everything else. It is not sad; just an expression that what grows together can
fall together- and hence needs to be handled with care.
And lastly, the thing that actually saddens me is the cute puppy looking up- as
if telling the man that he need not go that far from nature and its elements in
his quest to develop.
-Prastha Saxena

Gen Y Expectations from Budget 2012 – Piyush Goel

Posted on March 3, 2012 by Admin

Finally the date is set now. Everybody eyes on the budget. The Union Budget will be presented on March 16 before the State elections. This could be the UPA government’s make-or-break Budget. This question generally comes in everybody mind weather this time “Given these fiscal and political constraints can Pranab Mukherjee change the mood of the nation?? Expectation from Budget 2012-13 that there will be far more action-orientation and policy-setting than keeping promises all time.

Key Expectation from the budget from the point of every individual:-

Pranab Mukherjee expressed that indirect tax collection target of 3.92 lakh crore for the current fiscal will be met despite the economic slowdown. So, there may increase in indirect taxes.
The micro, small and medium enterprises (MSMEs) sector is seeking separate consultations with them in the run-up to the Union Budget 2012-13.
The tax exemption slab is expected to be increased from the present Rs 1.8 lakh to Rs 3 lakh may get cleared in the Union Budget for the year 2012-13.
Agriculture Ministry has demanded lowering of interest rate on crop loans to 3% for those farmers who pay in time, from the existing 4%.So, this will good news for farmers.
Power, an important sector for the long-term health of the country, is in dire need of reforms. The losses suffered by state distributors of power are affecting production and distribution, causing lenders’ balance sheets to weaken and sending power prices shooting up for consumers.So,there may be increase in electricity prices.
As,2010-11, iron ore exports from the country fell to 97.64 million tonnes and in the first eight months of the current fiscal, exports dipped by a little over 28 per cent to 40 million tonnes the same period last fiscal.So,there may be some relaxation on exports on iron ore.
There may be some subsidies on diesel should not be offered to luxury cars, telecom towers and other industries must be restricted only to agriculture and transport sectors. The government should levy taxes to luxury players, who are currently using subsidised diesel.
Presently, the limit for deduction on interest paid on a home loan is Rs 1.5 lakhs from your taxable income. You get an exemption on repaying of principle amount under 80C.
There may be reduction on the interest loan given on foreign educational loan which may be beneficial for the students aiming to get foreign education.
The Central government may be incentivise the pharma sector to boost the higher spending in research and development and also to lower the taxes and duties on life saving drugs and active pharmaceutical ingredients (API) to offer fillip to the growth of the industry.

So, these are expectation that we people expects from the financial budget.

Sensex 2012 – Bhavika Bali

Posted on February 3, 2012 by Admin

SENSEX IN 2012

The onset of year 2012 has brought in more fears and negative sentiments than hope and signs of turning around of almost all major economies around the world. It is not expected to see investment in stock market as a new hobby for the educated housewife’s around or spurt in the number of stock brokerage firm’s ad we see all around. The Indian middle class is busy talking the evils of rising living cost in the metros and saving whatever they have earned from depreciating. Even if ignore the warnings given in all the major business newspapers and magazine as too pessimistic ,we cannot deny the fact that the new year would see most of the stock investors adopting the holding or very slow growth strategy. Not only individuals but even corporate are heavily debt ridden and bearing the brunt of inefficient policy decisions, low output, slowing of exports and increased negative sentiment

As mentioned in the January 2012 issue of the business today magazine “the year is expected to be painful as the cumulative impact of macroeconomic weaknesses finally worm its way into lives of almost every Indian”.

The year 2011 saw the BSE SENSEX decline by over 23.26%. as we analyze the market sentiments in the year 2011 it becomes imperative to highlight that What was initiated by FEAR OF SPILLOVER IMPACT OF THE DECLINE OF THE EUROZONE AND US was further strengthened by policy paralysis of the Indian government and the handicap of the government to control inflation and prevent the downgrading of Indian rupee and the GDP.

The GREAT INDIAN MIDDLE CLASS has been caught in the web of low growth and high cost seriously denting their prosperity. The job market has been hit; inflation though now showing signs of recovery has remained high despite being injected by constant 13 key rate enhancements by RBI since March 2010.

The government has been in denial of state of economy. Our honorable finance minister has expressed his view that “domestic factors would contribute to better growth performance and if EXTRENAL FACTORS ALSO contributes favorably we will recover all our growth momentum in 2012.”

It becomes necessary to ask him that with GDP expected to be between 6% to 7%, the industrial output index that is already -5.1, no external demand to support export and the fiscal deficit gallop, which are the other external and internal factors that his experienced and visionary eyes see and expect to revive the Indian economy? Any other attack on the credentials of the government that drags it into early elections, would put direct impact on the stock markets

The foreign institutional investors have lost faith in the Indian growth story and are withdrawing at a fast pace. Outward investment has exceeded FDI and stood at 29,727 $billion as compared to inward total of 23,686 $ billion. Most of the foreign institutional investment was in debt and not in equities indicating investors have lost confidence. As the rupee continuously declined in comparison to the dollar in second half of 2011, the selling of rupee in the external market increased further depreciating its value.

Investors have been mistreated with low earning per shares and there is a clear indication of lowering of the P/E ratio with decrease in GDP estimates.

The industrial heads already have expressed concerns over governments approach towards tackling political and economic matters. 2011 HAS SEEN JUST 39 IPOS. BESIDES INDIAN COMPANIES ARE DEPENDENT ON LOT OF OVERSEAS FUNDS.

MACROSUSTAINIBILITY is the keyword for the year 2012, an advantage that had saved India during the 2008 world economic crisis .The need of the hour and best possible alternative to uplift the stock market would be REFORMS. BUT THE QUESTION IS THAT IF THE GOVERNMENT VIEWS THE ECONOMIC REFORM MODE AS AN IMAGE BUILDER AND POLITICAL GAME PLAN RATHER THAN WHAT THEY ACTUALLY MEANT TO DO. IT FAILED TO UNDERSTAND THAT passing of Lokpal bill would have enhanced the public’s confidence in governments plan against corruption and in turn sent a happy message across the stock market. If government could BRING BACK OUR COUNTRIES OWN MONEY DEPOSITED IN SWISS BANK ACCOUNTS it would be bigger of an inflow than what it expects from FDI in retail!!The whole orientation of reform should be focused on utilizing what we already have to strengthen the economic system .villages and agriculture should be included in any kind of proposed reform.

Following the accounting principle of PRUDENCE of “anticipating all losses and no gains “all the expected bad things about stocks in 2012 have been highlighted it would be also good to mention that The INTERNATIONAL MONETARY FUND has predicted that most of the Asian economies would be able to survive the effect of excepted euro zone recession in 2012 if they maintain their strong domestic demand, low unemployment rates and full capacity utilization of factories.

By Bhavika Bali

FDI in Indian Retail – Bhavika Bali

Posted on January 4, 2012 by Admin

ARE WE UNDERESTIMATING THE VALUE OF ANCIENT INDIAN RETAIL?

When wondering about writing an article on the pros and cons of the FDI in retail sector in India my mind becomes a battlefield of multiple thoughts and I should honestly admit is overpowered by dramatic news headlines and political accusations I see and read in the media these days.

Shunning away these thoughts I start to think from my point of view, the point of view of the people like me who are actually affected by government’s decisions.

About six years ago the mall cultured brewed in New Delhi and the other (few) big cities over the country. It took the youth by a storm. What appealed to the youth was the idea of getting best of the up market products and best of food chains under one air conditioned room. Many like me where so influenced by this new phenomenon that we were quick to declare that this means death of the good old Indian street and open market .after all who would like to visit Sarojini Nagar on a hot sunny day to look for one piece of shirt in thousands of piles of cloth, meanwhile protecting myself for pick pocketers.

Till until one incident changed my entire thinking about markets and trade done in my own country.

Few months ago I visited one of the street markets with an exchange student from France. She had clearly mentioned that she wanted to see the real side of India and not for swanky malls as they have enough in their own country. As she was looking around in what she described as a “very intense shopping exploration “, she could help but express her happiness when she would go about saying how amazed she was with the variety and the collection.

as she bought and bought and meanwhile jumped after converting each of the price into euro’s I realized how stupid I was to run after expensive brands of foreign origin always and not be wise like her and make safe investment.

The conclusion is that government is making a mistake, mistake of bringing FDI in the entire retail sector. It should infact be the best of both worlds. a mix of FDI in few sectors and Indian retailers in others.

Government is not valuing the strength of its own traders and shopkeepers who have been running the 95% of unorganized retail in India. Companies like Walmart will come into india with such high advertising and logistic strengths and hit the Indian retailers right where they are most weak. instead government should provide incentives to the Indian retail sector to further strengthen their Indian brand advantage.

Why can’t we capitalize on our own basic strengths like cheap labor, cheap raw material, a very well connected Indian brotherhood supply change and make Indian retail more competitive.

IN NAME OF MODERNASITION AND ORGANIZINATION OF OUR RETAIL SECTOR , WHAT SENSE DOES IT MAKE TO KILL THE AGE OLD INDIAN “DUKANDARI” AND “DHANDA”

Why can’t our Indian retailers be made so productive that they themselves can bring in the foreign brands rather than taking the help of international players?

If start judging a trader in SADAR BAZAR on his managerial and leadership skills probably he won’t far well but it is a well known truth that no one can beat their understanding of business, since it has been passed to them as a family wealth.

Bringing FDI in Indian retail is not the only solution to organize Indian retail. or maybe it is or it was suppose to be one of governments saving grace!

F1: A Formula for Acceleration of India Inc. – Nikhil Kumar

Posted on December 7, 2011 by Admin

The clichéd phrase, “Speed thrills” just fits perfectly for F1 and try asking about this to an average Delhi brat, he would snap back with a loud — Hell Ya!!!.

But Formula One is not an ultra-new concept in India; way back in 1997 the idea of hosting Indian Grand Prix was first suggested. Later on, in 2003 it was pursued rather seriously, but it just could not materialise.

However, after four years in 2007, Bernie Ecclestone announced a provisional agreement to host a race at the Buddh International Circuit in Greater Noida, 50 kms from New Delhi, from 2009. But delays meant that it was not until 2011 that the dream became reality.

Formula One, like any other sporting event, is trying to explore new possibilities and with the latest additions of Grand Prix in Korea (2010), Abu Dhabi (2009) and Singapore (2008), India had to be the next Asian destination.

Add to this Vijay Mallya’s Force India which is one of only two motor-racing teams from Asia (Based in England, the Force India Formula One Team Limited holds an Indian license) and two Indian drivers Narain Karthikeyan (Hispania) and Karan Chandok (Lotus), it is a timely Indian venture by Bernie Eccelstone.

The success of IPL (Indian Premier League) is evidence enough for the interest shown by corporates in the sporting arena and Formula One is no different. Coming of Formula One to India is also proof of the fact that India is making an impact globally and all the business conglomerates want a piece of it.

And this is what dictates the success of Formula One; marketing and sponsorships. This is a sport where the branding is of utmost importance. Ferrari became a household name because of Schumacher. Red Bull now is doing the same with Vettel. Lotus was once a brand synonymous to F1 thanks to Senna.

But the fact remains, Formula One is more of a business venture with profit and loss values than a sporting endeavour aimed at entertainment, just like IPL and Champions League.

But again there is an obvious sporting value to it which might be secondary but very important as well. Indian GP would open up the opportunities for many more Chandoks and Karthikeyans to experience this new sport. Karting and all other motor sports would get a boost in India.

Formula One would not be embraced by the millions of Indians, that is a fact but it would thrive on its niche audience. More importantly it would brand India the nation as a global market for corporate sports.

The first one is the novelty of the sport where machine dominates human capabilities. Not to downplay the skills required to drive such a race car and the after-effects of the race on a driver-how many sportspersons can claim to have lost their weight by 3 kg after competing in an event?

Second, as a sport, even though it has a fanatic fan following globally but that audience is sharply defined, aptly reflecting from the gate prices of the event.

Many would suggest that it is a rich man’s slap on the face of a daily wage earner considering the fact that the amount spent on three-days of total tamasha is way over than what the earner can even dream of amassing in his entire life. Compared with others, Formula One isn’t your typical sport that can be enjoyed daily, anywhere, anytime.

By,
Nikhil Kumar

IILM Think Express

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