COVER
STORY
Yuan:
Managed Float Begins - - Ch Rajeshwer and Ravi Babu Adusumilli
The
yuan's eschewal of its fixed peg to the greenback on July
21, 2005, is a milestone that shall find a place in the annals
of global financial history. Albeit on a tiny scale, the revaluation
has set the yuan on the course of flotation that will gradually
lead to market determination of its value in the future. Therein
lie the opportunities and challenges for the Dragon, Uncle
Sam, the Orient and the world economy at large.
© 2005 IUP. All Rights Reserved
INTERNATIONAL
FINANCE
China
Inc.: Enter Overseas Acquisitions - - N Janardhan Rao and Shishir Kumar
In
pursuit of attaining global recognition, Chinese companies
are moving beyond national boundaries. But overlooking cultural
differences can imperil their global ambition.
© 2005 IUP. All Rights Reserved
COUNTRY
Hong
Kong Economy: A Remarkable Recovery - - Amit Singh Sisodiya and Akhil Tandulwadikar
After
more than six years of recession caused by the property market
crash following Hong Kong's accession to China, the Hong Kong
economy is bouncing back powered by a booming Chinese mainland
coupled with growth in the domestic consumption.
© 2005 IUP. All Rights Reserved
CORPORATE
FINANCE
Supply
Chain Finance: A New Kid on the Block - - Amit Singh Sisodiya and Akhil Tandulwadikar
Supply
Chain Finance, a new concept in Working Capital Financing,
uses the synergies prevailing in a supply chain to ease the
flow of goods by financing the working capital of a major
OEM. This concept is gaining ground as more and more banks
and borrowers are joining hands.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Dabhol's
Revival: Let there be Light - - Amit Singh Sisodiya, Akhil Tandulwadikar and Anjuli Tandon
The
Dabhol Project, which has been in controversy for more than
a decade, is in the process of revival and will start by mid-2006.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Indian
Economy: The Rising - - D Satish and Smita Pandey
India
is now the 10th largest economy in the world. However, it
needs to bring further reforms if it has to move up the ladder.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Higher
Education Policy: Align with the Market - - Pawan Agarwal
The
arrival of the 'market' in higher education heralds a new
era and calls for a new look in policy making.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
India
Inc.: On an Acquisition Spree - - N Janardhan Rao and Ravi Babu Adusumilli
Like
never before, cash-rich Indian companies are on an overseas
acquisition spree. This has resulted into the value of the
acquisitions doubling to $9.30 bn in 2004 from $4.5 bn the
previous year.
© 2005 IUP. All Rights Reserved
SCIENCE
AND TECHNOLOGY
Jatropha:
Biodiesel's New Hope? - - Amit Singh Sisodiya and Akhil Tandulwadikar
The
search for an alternative fuel to run our diesel engines may
finally be over. Jatropha, a wild bush that can be grown on
wastelands, has been identified as a promising source of biodiesel.
© 2005 IUP. All Rights Reserved
SCIENCE
AND TECHNOLOGY
Stem
Cell Research: Cure for All Ills? - - Amit Singh Sisodiya and Smitha Deshpande
Stem
cells, because of their unique ability to develop into specialized
cells, are supposed to have the potential of curing almost
any disease or injury. Stem cell research promises to alleviate
the suffering of millions of people worldwide.
© 2005 IUP. All Rights Reserved
FINANCIAL
MARKETS
Order
Matching Trading in Gilts: Towards a Unified Market - - N Janardhan Rao and Smitha Deshpande
With
a long-term objective of increasing the volume of participation
from all classes of investors, more particularly from retail
investors, RBI has introduced the anonymous, screen-based
order matching system for trading in government securities.
© 2005 IUP. All Rights Reserved
FINANCIAL
MARKETS
Theme-based
Funds: Build-it-yourself Fund - - Amit Singh Sisodia and Anjuli Tandon
Theme-based
funds offer investors an opportunity to participate in the
growth of a dominant theme. However, investors in such funds
are exposed to substantial risks in case a particular theme
goes out of favor.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
Yahoo!
TV: Broadcasting's New Name - - Amit Singh Sisodiya and Sailaja Mannava
Yahoo!
ropes in top-notch professionals and charts out various strategies
to evolve as an entertainment-oriented portal by piggy backing
on the success of its Web TV.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
Viacom's
Demerger: Divide and Grow - - Amit Singh Sisodiya and Akhil Tandulwadikar
The
world's third largest entertainment conglomerate embraces
demerger to unlock its true value by reorganizing its businesses
into two separate entities.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
Nokia:
Call for a Makeover - - Amit Singh Sisodiya and Aala Santhosh Reddy
While
the competitors are on full throttle releasing the latest
models, designs and features, Nokia, the world's largest mobile
handset manufacturer is trailing behind. It's time it attends
to the call for makeover or lose to rivals.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
StorageTek
Acquisition: Saving Sun Microsystems - - Amit Singh Sisodiya and Aala Santhosh Reddy
Will
the acquisition of StorageTek help Sun shine again?
© 2005 IUP. All Rights Reserved
STRATEGY
Unraveling
the Business Mystery of Harry Porter - - Amit Singh Sisodiya and Feroz Zaheer
Harry
Potter does not just denote the mania that has gripped readers
across the globe. Nor is it only about the rags-to-riches
story of its author, J K Rowling. The story of Harry Potter
is of a brand transformed into an icon, transcending age,
cultural, geographical and many other barriers. The brand
Potter extends to a host of categories from toys to movies
to apparels to many others. In essence, it is the story of
what it takes to make a billion dollar brand.
© 2005 IUP. All Rights Reserved
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