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Coverstory
The
New War
--
Debasis Mallik, Team Analyst
The
terrorist attacks on September 11, 2001, have not only dealt
a severe blow to the US economy but have also acted as a trigger
to the ongoing global economic slump. The terrorist activities
have pushed the world from the frying pan into the fire. Unless
the problems related to terrorism are confronted with due
diligence and efficiency, the global economic scenario will
go from bad to worse. Quite apparently, a war fought merely
to overthrow the Taliban government and replace it with a
stooge of the US, leaving the problem of terrorism unsolved,
will only complicate the situation further. Under such circumstances,
the war against terrorism by the US and its allies will be
successful only when a stable political solution is found
for the age-old problems in the Middle East.
© IUP. All Rights Reserved.
Spotlight
Debt Markets :Glitters of
gilt
--
N Janardhan Rao, Team Analyst
The
new kid on the investment block is retailing of government
securities. With the equity markets passing through a bear
phase, there is a sudden spurt in debt markets. Investor may
stay with gilts and fancy with the glitters of gilt.
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Case Study
WM Data :Valuing the intangibles
Absence of a properly defined
accounting model has been one of the major stumbling blocks
in reporting intangibles. However, this has not deterred Scandinavian
companies like WM Data and Skandia to experiment with the
idea.
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Debate
On McKinsey :Prescription
to India Inc.
The McKinsey's global institute
has been studying the economic growth barriers of various
countries for nearly a decade. They include Brazil, Germany,
Sweden, Korea, and Australia. To this list it has now added
the Indian economy. It claims that India Inc. can transform
itself into a surging economy one with the right dose of reform.
© IUP. All Rights Reserved.
Financial Services
Housing
Finance : Increasing competition
--
Y. Chandra Sekhar
With
many players entering into the market in the recent years,
the competition in the housing finance sector has increased
tremendously. The huge demand for housing has propelled housing
finance firms engage in the price wars. The government initiatives
are also making this sector one of the economic growth drivers
for India.
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Business Environment
Indian Economy
:Reviving the sagging economy
We
have not only failed to create adequate purchasing power in
the rural sector, but also through our actions, we have reduced
gainful employment in urban areas, says Dr. A Besant C
Raj, Chairman, IU and Besant Raj International Ltd.
© IUP. All Rights Reserved.
Communications
Convergence Bill :From multiple to single regulator
--
Y Chandra Sekhar
Even
in the era of technological convergence, India opted to retain
multiple regulators and their preferences. With the Convergence
Bill tabled in Parliament, the scenario is likely to change
bringing together Information Technology, Telecom and Information
& Broadcasting Ministries.
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Financial Markets
Ethical
Indices : Enforcing ethics
--
D G Prasuna
The
launch of FTSE4Good series of ethical indices indicates a
great shift in the attitude of investors towards companies
and investment criteria. The move is an important step towards
bringing ethics and businesses together, the criticism of
the criteria notwithstanding.
©
IUP. All Rights Reserved.
Collateralized
Debt Obligations : A new force in the reckoning
--Y
Chandra Sekhar
Leveraged
financing is back in the reckoning this time with a new feature.
This new instrument has drawn a lot of attention of both institutional
and individual investors and is all set to transform the definition
of risk-return profile.
©
IUP. All Rights Reserved.
Corporate
GM-Daewoo :Wanderers of
the great universe
On the question of whether
the General Motor's move to acquire Daewoo is correct or not,
many market analysts have labeled it as yet another move to
pick up cheap assets opportunistically rather than it having
anything to do with a coherent strategy in Asia. However,
few others say that the latest move fits into the Detroit
auto-major's scheme of things, as far as its Asia plan is
concerned.
©
IUP. All Rights Reserved.
Colgate Palmolive (India)
Ltd. :Doing simple things right
After a period of stagnation,
Colgate Palmolive India started growing with force in last
fiscal and the upward trend seems positioned to continue for
this fiscal year as well. The key to success is the proper
implementation of the conventional marketing concepts.
©
IUP. All Rights Reserved.
Reliance Petroleum :Fighting
the odds
Despite the
slowing economy and low demand for Petroleum products Reliance
Petroleum Limited has come out strongly with a record capacity
utilization.
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Perspective
Combating Terrorism :The
Indian response
Plural and open democracies
are the target of scourge of terrorism that strikes at the
very root of tolerance, the mainstay of civil society in a
free world.
© IUP. All Rights Reserved.
Follow-up
Pakistan's Economy : Whither
Pak?
Pakistan is on the verge of
bankruptcy, it continues to be poverty ridden with more than
30 percent below the poverty line, heavily populated, no foreign
investment, internal disputes and continuous tensions with
neighboring India. Its economic outlook continues to be bleak.
© IUP. All Rights Reserved.
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