index [] · index sr. no. topic page no. 1 operations & company news 03 2 marketing news 05 3...
TRANSCRIPT
Index
Sr. No. Topic Page No.
1 Operations & Company News 03
2 Marketing News 05
3 Human Resources News 07
4 Finance News 09
5 Editorial Team 11
OPERATIONS & Company news
Maggi Controversy to Change Packaged Food Standards?
Cerelac, Starbucks, Mother Dairy and more:
After Maggi, the list of food items facing scrutiny
is now growing. The central food safety
regulator FSSAI has recently asked state food
regulators to test all packaged food items across
the country. There are more products that are
found unsafe in the process, and more might
follow.
The Ministry of Food Processing Industries
estimates the size of the processed food market in India to be over $100 billion and expects it to grow
further at a healthy rate. The safety aspects of the processed the sector assumes great importance in this
way too. Market analyzer Nomura has predicted these moments to be a possible stepping stone in the
evolution of the country's packaged and processed food industry to strive for better standards.
To read the complete article, go to: http://goo.gl/Vno1p6
Make-In-India Should Not Entirely Focus on Global Market: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan said THAT it was
a 'worthwhile ambition' to pursue Make-In-India campaign
but cautioned that the whole effort should not be made
towards producing for overseas markets as global
slowdown could create problems. The Reserve Bank chief
also underlined the need for creating conducive regulatory
atmosphere and infrastructure for promoting
manufacturing and services sector.
Rajan underlined the need for modifying labour laws to
promote manufacturing and encourage companies to grow
large. The conditions that promote industry, he said, include decent infrastructure, power, connectivity,
human capital, good business regulation. Rajan said once the atmosphere is conducive for manufacturing
in the country, it should be best left to young entrepreneurs to decide what they want to do.
Read more at: http://goo.gl/9NMSYE
Apple Mines Big Profits from Watch Band
Nearly 20 percent of Apple Watch buyers are not
only shelling out hundreds of dollars for the
timepiece but are springing for a spare band too,
giving the tech giant a profitable second dip into
customers' wallets, according to data provided
exclusively to Reuters. With the watch, Apple has put
a high-tech spin on the razor-blade business model,
in which a company sells a product for a modest
price and then profits from sales of accessories.
The ever-secretive company has yet to release how many units of the watch it has sold, let alone how
profitable it is. Slice estimates the company has sold 2.79 million as of mid-June. But if the band purchases
are any indication, sales of the watch itself are just the beginning of Apple's profits. Although the entry-
level sports band retails for $49, it costs only about $2.05 to make, according to an analysis of the 38-
millimeter size by IHS, a technology research firm.
To know more, click on: http://goo.gl/zWroaE
MARKETING
Barbie Revamps Marketing Following Diverse Product Makeover
Earlier this month, Mattel began rolling out the new Barbie
Fashionistas line -- a collection of 23 dolls that feature eight skin
tones, 14 different facial sculpts, 18 eye colors, 22 hairstyles,
and 23 hair colors and fashions. The toymaker aims to make
Barbie more culturally diverse and reflective of the world in
which we live. Now, her marketing is getting a similar shake-up.
In its latest campaign, Mattel is refreshing its approach to TV,
while exploring digital and social to build the doll's role in pop culture.
http://www.adageindia.in/marketing/cmo-strategy/barbie-revamps-marketing-following-diverse-
product-makeover/articleshow/47706273.cms
Angel Soft Celebrates Single Moms for Father's Day
"Dadvertising" has become massively popular with
marketers in recent years as they try to tap the pride of
dads getting more involved in childrearing and tug at
the heartstrings of moms who like seeing touching
moments of dads with kids.
But in a decided zag amid all the dad-back-patting zigs,
Angel Soft and its new agency, Interpublic Group of
Cos.' Deutsch, Los Angeles, are celebrating single moms
in a video titled "Happy Father's Day, Mom," breaking
today on Facebook and YouTube. In a series of sometimes tearful accounts, adults in the video recount
how their moms had to take on the role of dad too, and wish them a happy Father's Day.
What does all this have to do with toilet paper? Single moms, like Angel Soft, have to be both soft and
strong, the video points out. The new tagline for the brand, owned by Koch Industries' Georgia-Pacific, is
"Be Soft. Be Strong."
http://www.adageindia.in/marketing/cmo-strategy/angel-soft-celebrates-single-moms-for-fathers-
day/articleshow/47676560.cms
India’s first lesbian ad goes viral
The country's first advertisement showing a lesbian couple preparing
to meet the parents is making waves on social media. The online video
shows two women in a live-in relationship flirting and dressing up for
the day, chatting about the expectations they face and their love for
each other.
Titled 'The Visit', the ad for a fashion portal's ethnic wear collection
has got over 2 lakh hits on YouTube over 10 days.
http://timesofindia.indiatimes.com/tech/social/Indias-first-lesbian-
ad-goes-viral/articleshow/47621295.cms
HUMAN RESOURCEs
India Inc. Charged Up About Hiring In July-Sept
India Inc. is hopeful of buoyant hiring in the July-September quarter,
according to the latest Manpower Employment Outlook
Survey. Manpower Group, which held a similar survey in over 40
countries (including India), reports that Taiwan, India, Japan, Hong Kong
and the US are the strongest in their hiring outlook.
Companies from sectors like finance, insurance, real estate, services,
mining and construction are the most optimistic. Public administration
and education sectors reported significant decline in hiring outlook and
plans, the report states. Also, employers in the South and East
anticipate the most opportunities for job seekers in the months ahead.
In the year-on-year comparison, of the four regions, only East India remains positive in its hiring outlook
for the next quarter.
Read more at: http://goo.gl/HU4BcY
Deutsche Bank Co-Chief Executive Anshu Jain Resigns After Struggle With
Regulatory Woes
Anshu Jain's departure comes at an especially troubled time for Deutsche Bank, which has been battered by regulatory investigations relating to money laundering and rigging of benchmark interest rates. Its share price has underperformed and investors responded with lukewarm backing for a strategy review at its May shareholder meeting. People familiar with Jain's thinking at Deutsche said he
quit after drawing up a strategic plan and road map to
be implemented over the next few years. Deutsche has changed a lot after Jain and Fitschen took charge,
consolidating its position as the only global European financial services giant. Businesses other than
investment bank have grown in size and Jain believed it was the right time to bow out. Much of Deutsche's
problems can be traced to the investment banking business that Jain headed till he became the co-CEO.
It was the dynamo that powered Deutsche Bank's growth but it also became the source of problems with
regulators.
Read the entire article at: http://goo.gl/Y48Fg8
Vedanta Founder Prefers Professional Managers to Family Managers
Anil Agarwal wants to break away
from the traditional Indian way of
doing things when it comes to
succession planning. Soon after he
announced the merger of oil explorer
Cairn India with Vedanta Ltd.,
the founder of the $12.9 billion
Vedanta group said he wants to
separate ownership and management,
appointing professional managers
rather than kin to top posts.
His mandate is to run the company as
chief executive and hire the best
managers besides formalising and
executing a growth strategy. Such professionals know technology and can look at the bigger picture from
the perspective of having run large projects for global natural resources companies, Anil Agarwal said.
“They are focused on sustainability, an environment policy and our team learns to run companies
professionally,” he said. “I would like to see Vedanta as a transparent and professionally run company…
by the people and for the people.”
Consultants said the separation of ownership and management, common among large overseas
companies, is now being followed in India as well. As businesses achieve scale, corporate governance also
plays a key role in encouraging such a transition.
To know more, click on: http://goo.gl/HfzU9u
FINANCE
RBI Cuts Rates for Third Time to Put Indian Growth on Firmer Footing
After the quarter point reduction in the repo rate, it
currently stands at 7.25 percent. Previous cuts in
January and March had also been by 25 basis points.
The reduction showed policymakers recognized the
need to put the economy on a sounder footing,
regardless of data released on Friday that showed
India outpaced China by growing 7.5 percent in the
March quarter.
The Reserve Bank of India also left open the
possibility of further cuts later this year, even with
forecasts of a below-average monsoon that could
put pressure on food prices. But while Rajan said the
RBI would remain on the "disinflationary path", further easing would now depend on the outcome of
India's annual rainy season and government moves to ease the pressure on food prices, which make up
almost half the basket of goods used to measure inflation.
Read the whole article by clicking on: http://goo.gl/xTbcYB
Further read the analysis by industry experts: http://goo.gl/zVw8os
Fed May Hike Just Once In 2015 As Yellen Strikes Less Certain Tone
The very real possibility that Federal Reserve Chair Janet Yellen may be
one of the five who now prefer a single rate hike in 2015 rather than
among an equal number who prefer two, is bolstering the view that the
Fed may not deliver until late in the year. The Fed has kept interest rates
near zero since December 2008, and on Wednesday unanimously voted
to keep them there. "While we cannot be certain, our best guess is that Fed Chair Yellen now
anticipates only one increase this year - an important shift in the committee’s center of gravity," Goldman
Sachs economists Jan Hatzius and Zach Pandl wrote in a note advising clients they now expect the Fed to
wait until December to raise rates, from September previously.
Some economists also note that if a Greek default and an exit from the euro currency alliance were to
ignite turmoil in global markets, or if investors dumped bonds and sent long-term rates soaring, the Fed
might decide to put off a rate increase until next year.
To know more, visit: http://goo.gl/zVw8os
IMF Dismisses Hope of Grace Period on Greek Loans
The IMF dashed any hope on Thursday that Greece could
avert default if it fails to repay a 1.6 billion loan by the end
of June, piling pressure on leftist Prime Minister Alexis
Tsipras, who showed no sign of yielding to creditors'
demands. Greece has confirmed that the government
does not have the money to repay the IMF loan, which is
the first in a series of debt repayments over the summer.
If Greece defaults on its debts, it could require capital
controls that would potentially turf it out of the euro zone or the EU itself, becoming the first country ever
to exit the bloc. Greeks have been squeezed by five years of budget cuts demanded by the European
Commission, the International Monetary Fund and the European Central Bank in two bailouts. But opinion
polls suggest the majority want to stay in the euro.
The entire article can be read at: https://goo.gl/1HLozr
Editorial team
NOTE: This E-Magazine is for internal circulation among the students of Narsee Monjee College
of Commerce and Economics only. This magazine is a monthly news digest, its purpose is to
collect and highlight some articles for the perusal of the said students. The Editorial Team
claims no credit for the articles in the magazine. The names of students mentioned in the
articles are the collectors, not original authors.