Reliance on, Sensex gone!

1500-plus IIPM students placed across the country with 44 bagging international offers

Reliance Power, which had no assets, little cash flow and just the Reliance tag to its credit, launched some smart advertising to launch the mother of all IPOs in January this year. Oversubscribed 72 times, this one created stock market history. But soon after, the markets went into a tailspin from which they’ve not recovered till date. This was also the first time that a company had floated a 360 degree brand campaign to boost investor sentiment, before an IPO. Soon others like Fortis and Emaar also replicated this concept but with little success. R-Power started a new trend, which may eventually return, once the markets show some signs of recovery.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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IIPM set to beat economic slowdown
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Living on the ‘virtual’ edge...

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What further differentiates the company from its counterparts in the industry is its conservative and cautious approach towards business. One instance of this can be seen in its overseas expansion strategy, which it has restricted just to countries in the Gulf region in the form of naukri.com Gulf. So what’s the reason behind this? As an analyst justifies, “In India, Info edge started fifteen years back, but it’s just over the past five years that the company has grown at a much faster rate. And thus it wants to be more cautious before taking the plunge into newer oceans...” Even Oberoi agrees to it wholeheartedly as he quotes, “Our investments are based on the business potential. We review our new businesses on a quarter-to-quarter basis. We see what is working and what is not and we put more resources on issues that are getting profitable.” Indeed, for Info Edge, there seems to be no hit-and-trial methodology!

When it comes to inorganic growth, the company is always open to newer acquisitions but logically, at the right price and in the right space. Thankfully, here is a player who is not blind to realities and getting double-sized overnight! So is everything rosy for the online entity? Well, not really. With 40% of its revenues coming from the IT industry, there is somehow a feeling of over reliance on one sector that may finally prove the poison pill for the company. Secondly, the company for long has been unsuccessful in replicating the success of naukri.com in all other verticals like – matrimonial (Jeevansathi.com), real estate (99acres.com) et al as Ambarish Raghuvanshi, CFO, Info Edge confesses, “Another challenge for us is to raise the bar for our mid-sized businesses and increase their size to what naukri.com is today...” However, the brighter part of this dark picture is that despite the global downturn, the company’s revenues have been least affected. For instance, despite the real estate prices falling, 99acres.com has grown appreciably - a revenue growth of 98.9% during Q2, 2009 as compared to the same a year ago. Moreover, its other arm – Jeevansathi has recorded a revenue growth of 40.3% during Q2 2009, certainly boosting the company’s potential of earning more by the day, downturn or no downturn. What’s a sweeter surprise? When companies across the board are focussing on slowing down and decreasing production or selling off assets, Info Edge has its eyes set on expansion. As an analyst avers, “Online classified markets earn a lot due to heavy spending by various sectors, with education and job being a major source.” Surely, when it comes to the job market, Info Edge has already taken the lead and, “when it comes to the education market, it has its hands on,” adds an industry expert.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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...and the perpetrators

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Despite all this, estimates still put the Indian carbon trading market to reach $100 billion by 2010. It is surprising to note that power generating, transmitting and distributing companies, fertiliser companies (National Fertilisers, GNFC et al), cement, steel and textiles industries have not actively pursued the multibillion bonanza, even though the awareness is there. Agrees Ashutosh Pandey, Founder and Head of Carbon Advisory Business at Emergent Ventures, as he shares his thoughts with 4Ps B&M, “CDM awareness level in a few industries such as steel, cement, oil & gas, paper, sugar, renewable energy is very good,” at the same time accepting that “still, a lot needs to be done in SME and government sector; areas that need more coverage include energy efficiency (supply & demand), electricity distribution system revamping, agriculture, plantations, transportation and residential sector.” Despite our open letter to Ratan Tata beseeching him for writing the recent letter to powers that be, it is seriously rare to find companies like the Tata group that have appointed top firms like E&Y and McKinsey & Co. to measure their current carbon footprint and extrapolate the futuristic carbon footprints for the group entities (Tata Steel, Tata Motors, Tata Power, Tata Power and TCS).

Likewise, other companies could and should take a leaf out of the success stories of even ‘enterprises’ like Tirumala Temple, Muni Seva Ashram, Sai Baba Temple in Shirdi, which have been making revenues unbelievably from carbon credits. On the other hand, companies such as Reliance Industries, Tamil Nadu Newsprint, SRF, Bharat Forge, JCT, Philips Carbon Black, Oswal Woolen and Usha Martin, which have certified emission approvals from the UNFCCC, can certainly be more innovative in reducing emission and increasing their earnings from the credits earned. There is a price for everything, the same holds true for carbon emissions where the market is becoming more liquid – in the Indian context, this calls for the policymakers to set more aggressive reduction targets; and the companies on their part need to play along, profitably so.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
Why Study Abroad When IIPM Gives You 3 global Advantages!