How to discover yourself
Pascal Nyasha | 26 Dec, 2012 |
| Last week I shouted, "Don't die before discovering yourself" and in this article I deal with what it takes to be able to discover yourself. The very first step towards discovering yourself is a painful one that many people choose not to experience. It is a conscious commitment towards facing the challenges of life even those that pose danger to your life. |
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Modi's success can deepen BJP's divisive image
Amulya Ganguli | 24 Dec, 2012 |
| The three-dimensional images of himself which Narendra Modi projected simultaneously in several cities during the election campaign in Gujarat have been further boosted by the Bharatiya Janata Party's (BJP) success in crossing the firewall of 117 seats which it won five years ago. |
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Exploring the roots of leadership
Pascal Nyasha | 18 Dec, 2012 |
| It was a great pleasure going through the hundreds of feedback in response to my recent article. It was most humbling to meet people who came all the way from Gweru, Marondera, Bulawayo and Bindura just to discuss the article and its implications on us as leaders. Leadership starts from the family, community, national and international level. |
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Jute - The Golden Fibre
PIB Feature | 18 Dec, 2012 |
| India is the largest producer of raw jute and jute goods. Export performance of jute sector crossed USD 383 million during 2011-12. This year's target has been set at USD 500 million. The exports included diversified products like jute floor coverings, wall hangings, decorative fabrics. |
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What impedes Australia, India ties?
Rekha Bhattcharjee | 11 Dec, 2012 |
| While there has been a flurry of visits to India by high-powered Australian trade delegations and politicians, observers are baffled by the slow pace at which the bilateral ties are growing.
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Data security and India-EU trade negotiations
Sameer Pushp | 01 Dec, 2012 |
| It is said that data is the new raw material of business; it is the new oil which fuels the business and livelihood on this planet. Technological progress and globalization have profoundly changed the way our data is collected, accessed and used. "Data is a precious thing and will last longer than the systems themselves," say Tim Berners-Lee. |
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What kind of leader are you?
Pascal Nyasha (SME Times guest author) | 25 Nov, 2012 |
| Many leaders are not very much aware of the kind of leaders they are. Such create blind spots in one's leadership and depending on how strong the blind spots are, it is recipe for disaster. |
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Reviving the dying Kashmir silk industry
M. L. Dhar | 24 Nov, 2012 |
| Silk has been one of the cherished heritages of Jammu and Kashmir with sericulture activity in the valley finding mention in ancient Sanskrit scriptures including Rajtarangni. The queen of the fabrics, Kashmir Silk has ever cherished the passion of consumers for its lustre, purity and fineness. |
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Congress should educate party, people on reforms
Amulya Ganguli | 20 Nov, 2012 |
| There is little doubt that the Congress's recent public rally in the national capital and then a Samvad Baithak, a closed-door, inner-party discussion session, in nearby Surajkund are signs that the party is gearing up for the next general election, which is only 18 months away, as Sonia Gandhi reminded the audience. |
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Is Indian economy turning around?
Ashok Handoo | 01 Nov, 2012 |
| For a few months now, the Indian economy appears to be on a recovery path. At least there are enough indications to that. Foremost is the performance of various sectors of the economy. |
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Helping the world understand India's foreign policy
Rajiv Bhatia | 30 Oct, 2012 |
| Our fellow citizens are much concerned today with domestic issues, but a small segment of citizenry spends its waking hours thinking largely about India's role in international affairs. Government officials apart, such people are mostly in the non-governmental domain.
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India's reforms go beyond face value
Arvind Padmanabhan | 23 Oct, 2012 |
| The battery of reformist decisions taken by Prime Minister Manmohan Singh government in the past month not just alter the perception of policy inaction in India, but will also go a long way in reviving the country's slowing economy and stabilise state finances. |
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Types of small business loans
Kushwaha Singh | 16 Oct, 2012 |
| The feeling of doing something on your own, on your own terms cannot be compared. Like all other good things in life, starting something can be extremely time consuming and tough. Since you are responsible for every little thing you have to make sure you take care of every little detail. The first major hindrance any entrepreneur may come across in money. |
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India's reforms go beyond face value
Arvind Padmanabhan | 08 Oct, 2012 |
| The battery of reformist decisions taken by Prime Minister Manmohan Singh government in the past month not just alter the perception of policy inaction in India, but will also go a long way in reviving the country's slowing economy and stabilise state finances. |
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How to reduce costs while doing business in China
Zhang Bochun | 03 Oct, 2012 |
| The second largest economy in the world, China offers multitude of trade and investment opportunities for Indian exporters. This country, with more than 1.3 billion people and so many thriving sectors of economy, has become a dream business destination for companies from all over the world in the recent times. |
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Will India and China fight a war again?
Mohan Guruswamy | 26 Sep, 2012 |
| Most Indians rightly see the 1962 war between India and China, and a relatively small military defeat and the major national panic that followed, as a cathartic event. While 1962 will still be the seminal year for Sino-Indian relations, it is in 1967 that Indian and Chinese troops last clashed -- at Nathu La. Since then, not a shot has been fired across the border. |
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Economics trumps politics: Manmohan back in charge
Amulya Ganguli | 15 Sep, 2012 |
| As at the time of the nuclear deal in 2008, Manmohan Singh is back in charge again. As the latest series of reform measures show, the hesitancy of the last few years is over and the country has returned to the road of market-driven policies which the prime minister initiated two decades ago when he was the finance minister. |
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Benefits of online business banking in United Arab Emirates
Steve Henderson | 10 Sep, 2012 |
| Thinking of starting a new business in the United Arab Emirates? If so, you're already aware that it's a reasonably absorbing process. A key part to this procedure will be setting up and effectively managing a business banking account. Read on for a quick look at what to expect from setting up an account and how online banking is a great way to organize your company's finances. |
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Can Walmart and corner stores co-exist?
Gyanendra Kumar Keshri | 03 Sep, 2012 |
| A fierce debate is raging in cyberspace over the cost and benefit of foreign direct investment (FDI) in multi-brand retail as the Indian government has once again begun working for its rollout as a 'must do' economic reform. And most say there is enough room for global giants like Walmart and the unorganised small retailers to co-exist. |
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Mend land policy to push realty, infrastructure
Vinod Behl | 20 Aug, 2012 |
| The relaxation of rules by the Prime Minister's Office (PMO) on transfer of government land in a bid to speed up public-private partnership (PPP) projects in infrastructure sector is, indeed, significant. Especially so when economic growth has dipped to a 9-year low, amid infrastructure and realty projects hanging fire due to delayed approvals. |
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New corporate initiatives push artistic talent in India
Madhusree Chatterjee | 06 Aug, 2012 |
| A handful of initiatives that have brought big business houses to promote visual art with incentives and new platforms is trying to open an alternative door for Indian art in the face of shrinking government support and a market slump. |
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Pranab won't be rubber-stamp President
Amulya Ganguli | 31 Jul, 2012 |
| Pranab Mukherjee's relatively uneventful, to use a post-operative surgical term, journey to Rashtrapati Bhavan is one of the Congress' few success stories of late. What made it possible was the unforced errors of its opponents, who were apparently guided by blind antipathy towards the Congress rather than a realistic assessment of their position. |
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Social media adoption by SMEs
Sirjjan Preet | 23 Jul, 2012 |
| Social media in India is growing at 100% and by 2014, 129.3 million Indians are expected to join the social media forums. According to eMarketer, fastest growth in social networking this year will come |
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Online reporting system of mineral transaction
Sanjeev Kumar Sundriyal | 17 Jul, 2012 |
| In its continues effort to bring more transparency the Mines Ministry has developed an On-Line Registration and Reporting System under rule 45 of MCDR, 1988 of mineral transaction to facilitate the submission of monthly returns of iron ore. |
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Rekindling hopes: PM signals a course correction
Arvind Padmanabhan | 02 Jul, 2012 |
| When Prime Minister Manmohan Singh met with the senior officials from North Block earlier this week after taking charge of the finance ministry again, his speech was short and to the point. But the message that went out was loud and clear with an added but important acceptance for the first time - that there was indeed a widespread public perception of policy paralysis in the government and he wanted the situation to change as fast as possible. |
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Latin America - energising India
Deepak Bhojwani | 21 Jun, 2012 |
| Latin America has remained at the periphery of Indian political and economic strategy, having presented no significant challenges, received marginal Indian migration (mainly in the Caribbean/Atlantic), and, depending on the country, having limited or no historic or cultural connections with India. |
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Social, savvy and secure SMB
Anand Naik | 16 Jun, 2012 |
| The advent of social media today has been a boon for Indian SMBs who are acknowledging its increasing value as a business tool. As more users sign up each day on social networking platforms the potential customer reach is phenomenal and thus today social networks are irresistible to marketers. Social media campaigns today, find appeal across many verticals. |
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Infrastructure Debt Fund
Shamima Siddiqui | 15 Jun, 2012 |
| India has emerged as one of the fastest growing economies during the past decade. However, infrastructure development has not kept pace with the growth in the rest of the economy. Realizing this, India initiated an ambitious reform programme in all infrastructure sectors. |
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Bringing the economy back to high growth path
Dilip Ghosh | 11 Jun, 2012 |
| Prime Minister Dr. Manmohan Singh called a meeting of Ministers and Senior officials of the Infrastructure Ministries - Power, Highways, Civil Aviation and Shipping & Ports on 6th June, this year. The purpose was to devise suitable measures to bring the economy back to high growth path. Indian economy which had been growing at 9 percent per annum for the past eight years, grew only at 6.5 percent in 2011-12 and in the last quarter of the financial year the growth rate was 5.3 percent. Such turn of events, made the Government take suitable measures to reverse the down turn. |
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Absence of Big Idea leaves Congress without direction
Amulya Ganguli | 28 May, 2012 |
| Blaming factionalism for the Congress's recent electoral setbacks, as Sonia Gandhi has done, can be regarded as a somewhat facile explanation, considering that internal rifts have been a part of the party's genes dating back a century to the clashes between Bal Gangadhar Tilak and Gopal Krishna Gokhale, between Mahatma Gandhi and Subhas Chandra Bose and between Indira Gandhi and the so-called "syndicate", represented by the old guard in the Congress at that time. |
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'Global brands can generate jobs in India'
Nivedita Sharma | 21 May, 2012 |
| International brands can generate job opportunities if their entry into India is facilitated, says Montblanc, a century-old German company known for its timeless luxury pens, watches, eyewear, leather goods and fashion accessories. |
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Recruiting talented freshers for SMEs: Internships the solution
Karthikeyan V | 18 May, 2012 |
| Recruiting talented and relevant college graduates has always been a real challenge for small & medium enterprises (SMEs). This challenge stems from the fact that most of the students are keen to join MNCs through campus recruitment. The other avenue: the job portals, provides a huge number of resumes and makes the job of identifying relevant students laborious & time-consuming. |
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Cost-effective marketing secrets of SME marketing experts
Myles Anderson | 14 May, 2012 |
| Whether your business is old or new, you can't stop advertising your product or service. And for most starters, small business marketing often mean cold calling potential buyers and making walk-in clients very satisfied. But are these small business marketing ideas still effective in this day and age? Or is Internet marketing becoming the next norm for small or big business. |
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Bloggers: Latest brand ambassadors to sell products
Azera Parveen Rahman | 24 Apr, 2012 |
| A friend asks you to try a product she vouches for. Chances are you will go ahead and buy it the next time you see it on the store shelf. It's all about credibility - a factor that's making brands turn to a new medium, blogging, to market their products. |
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Small and medium enterprise insurance
Nasreen Haque | 17 Apr, 2012 |
| While the headlines usually cover large enterprises, the truth is that SME accounts for the vast majority of any nation's businesses: from Egypt to the United Kingdom, nearly 98 percent of all businesses are SMEs. Most insurance brokers receive the majority of their revenue from small and medium enterprise insurance. |
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Glowing times for online jewellery retailers
Radhika Bhirani | 06 Apr, 2012 |
| There was a time when gold jewellery or diamonds and other precious stones were only bought from the trusted family jeweller. Now the trend is changing, with more people open to buying jewellery online. |
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Budget: A manuscript of good intentions?
Arvind Padmanabhan | 16 Mar, 2012 |
| It has made all the right noises about the need to reform and prune subsidies, and even extends incentives to tax payers. But without targets, Finance Minister Pranab Mukherjee's 7th union budget remains a manuscript of good intentions for the Indian economy. |
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NSIC -- nurturing the MSME sector
Ruby T. Sharma | 25 Feb, 2012 |
| The National Small Industries Corporation Ltd., a Public Sector Undertaking under the administrative control of the Ministry of Micro, Small and Medium Enterprises was established in 1955 |
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'Budget 2012 should give thrust to innovation, technology adoption'
Rajiv Bhalla | 24 Feb, 2012 |
| NEC India looks forward to a more holistic approach towards budget 2012. Not to miss, we expect it to be progressive in terms of giving thrust to innovation and lay greater emphasis on adoption of technology in varied sectors. In today’s scenario, there is increasing deployment of IT in the growing fields of education, retail, healthcare and public safety & security. As in FY 2011, we hope to see further momentum in these sectors. |
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Why SC judgment on telecom a blow to govt
Arvind Padmanabhan | 21 Feb, 2012 |
| However much Communications and IT Minister Kapil Sibal may seek to defend the government, the verdict on telecom licences by the Supreme Court has dealt a severe blow to the credibility of the government, particularly when the very edifice of the executive -- that of framing and executing policies -- has been lambasted. |
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Eurozone crisis an opportunity for Indian IT: Expert
Ranvir Nayar | 14 Feb, 2012 |
| India's Information Technology sector is well placed to take advantage of the current Eurozone crisis as an increasing number of companies will look at "offshoring" as a way to cut their costs, says an expert with a leading consultancy.
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Bizarre case of India vs the Internet
Prasanto K. Roy | 14 Feb, 2012 |
| It isn't just one angry Indian against Google and Facebook. Internet freedom is on trial in India! The ham-handed, state-backed censorship of Salman Rushdie at the Jaipur Literary Festival earlier this month grabbed headlines -- "The Republic bows before the Mob". |
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India needs to rebuild its telecom narrative
Rohit Bansal and Manoj Kumar | 06 Feb, 2012 |
| Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime to deface it. To borrow from the cricketing cliche, and but for the Supreme Court (SC), this team of public functionaries snatched defeat from the jaws of global telecom sweepstakes. |
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Indian coal sector needs to enhance production
PIB Feature | 04 Feb, 2012 |
| The Coal sector in India has continued to remain vital and of fundamental importance for the growth of Indian economy. India is on the path of rapid growth. High economic growth and increased economic activities would create much larger demand for energy and predominantly of coal.
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A new word for Chinese diplomacy -- 'duplimacy'?
Ravi M. Khanna | 24 Jan, 2012 |
| "China wants to develop long-term friendship and cooperation with India." So said the Chinese official who held border talks with Indian officials this week. He also predicted a "golden period for India-China relations" in the near future. What he did not say, but sceptics like me heard him say between the lines, is that all this is possible only if it is done on China's terms. |
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SAARC can bring real cooperation in South Asia
Ravi M. Khanna | 16 Jan, 2012 |
| At last India and Pakistan, it seems, have woken up to the need for genuine cooperation in South Asia where countries of the region start depending on each other for those crucial products which they now import from the West. This way they will pay lower freights and at the same time contribute to the economic growth of the region. |
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2012 IT predictions for SMBs
Ajay Goel | 03 Jan, 2012 |
| As we approach 2012, Indian SMBs are planning IT initiatives for next year. Virtualization is at the top of the list for many. It is no longer just an enterprise technology and is increasingly being adopted by SMB organizations. |
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Durban climate talks: What it means for India?
IANS | 16 Dec, 2011 |
| At the recently concluded UN climate change talks in Durban, the world agreed to a new global climate change regime by 2020 to bring down emissions to save the planet. But cutting carbon emissions will be a tough task for India in the years to come as the country needs to balance its development trajectory with transition to a low carbon economy. |
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Use Internet for sourcing buyers
Anand Choudhary | 21 Nov, 2011 |
| The integration of information and communication technologies has revolutionized the modus operandi of any business. Today, the Internet has changed the entire world, transforming it into a global village.So much so that today almost every international trader across the world is setting up his virtual office on the Internet, where he can deal with his clients sitting in any part of the world just with the help of his laptop and mobile phone. |
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How to tackle small firms' big hiring woes
Writuparna Kakati | 23 Apr, 2011 |
| The story repeats itself once and again - in every small and medium enterprises: the new employee hired has an impressive resume, he interviewed like a champ, the background investigation came back with no blemishes. However, his first week on the job, and you find that he is not the right person. Now, you have to start all over again! |
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Pricing strategy in a business
Writuparna Kakati | 04 Apr, 2011 |
| In general terms, price is the amount of money needed for purchasing something; in marketing, price is one of the four aspects of marketing mix; in business and economics, price is "the assigned numerical monetary value of a good, service or asset". |
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Building trust to increase online sales
Rituparna Kakati | 29 Mar, 2011 |
| Trust is essential for business transactions. In online business, it has always been the biggest challenge to establish one's credibility and build trust. Now a days, anyone can build a website for a few hundred rupees and start some kind of e-business. But to earn the trust of the customers and to succeed in business is not as simple as building a website. You must have establish your credibility in order to earn customers. But how can you do that?...is the biggest question! |
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Are you ready to start your business?
SME Times News Bureau | 29 Mar, 2011 |
| The prospect of wealth or job satisfaction led many of us to start in new business everyday. Needless to say, it is exciting as well as full of challenges. Any business involves risk and need careful attention especially at the initial stage. But generally what goes with a business start up is exuberance of enthusiasm which may result in great blunders. |
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Gold emerges as a safe haven for investors
Sushma Ramachandran | 16 Dec, 2009 |
| With gold prices hitting new highs, the glitter just gets brighter each day. The phenomenal rise in the value of the yellow metal has been a by-product of the global recession as investors, both in India and abroad, are looking for safe products in which to place their funds. |
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5 small businesses marketing tips
Jinger Jarrett | 15 Dec, 2009 |
| Starting a small business can be overwhelming if you've never done it before. You need a wide variety of skills for setting up and marketing your new business, especially if you choose to market online. |
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India's high growth offset by rising food inflation
Sushma Ramachandran | 07 Dec, 2009 |
| The Indian economy's 7.9 percent growth in the second quarter of this fiscal has taken everyone by surprise, but rising food inflation, which has seen the daily grocery bill shoot up sharply, has dampened some of the euphoria. |
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Getting ready for a tight monetary policy
Ashok Handoo | 20 Nov, 2009 |
| The recent statements by the Prime Minister and other leaders, at the national and international fora, about India’s current economic status have one common thread – that the Indian economy is recovering fast and it is time we begin thinking about rewinding the stimulus packages we have been pursuing for the last one year to pump liquidity into the system in view of the global meltdown. |
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Yuan as new global currency? It can bode well for India
Sushma Ramachandran | 16 Nov, 2009 |
| The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the world but also for India. It has the potential to make Indian goods relatively more competitive as the Chinese currency today is highly controlled. |
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Revival of India's merchandise exports on the horizon
Sushma Ramachandran | 09 Nov, 2009 |
| The outlook for India's merchandise exports now looks set to improve over the next few months, giving rise to hopes that a positive growth will finally be recorded by January 2010. The exports data for September clearly shows that the rate of decline has dropped considerably, even as global demand has picked up. |
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Indian enterprises face data loss risk: Study
Fakir Balaji | 05 Nov, 2009 |
| Increasing use of IT infrastructure by Indian enterprises to enhance productivity and expand operations in a competitive environment has led to growing security risks such as loss of critical data, a study by the intelligence marketing firm IDC (India) Ltd. has revealed. |
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Creativity is a round process
Lorraine Ball | 04 Nov, 2009 |
| In a world of fast change and fierce competition, the ability to find new and innovative solutions is necessary for your survival. Thinking power and creativity are your primary competitive advantages. Unlocking new ideas and multiple possibilities begin with a "Round Process". Research - Originate |
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Best practices for small businesses
Greg Heslin | 30 Oct, 2009 |
| Small businesses can often be beaten out by larger competitors simply because they have better practices than small businesses. The good news is that there are a number of practices that can translate to small businesses. These strategies and tactics are some of the best-kept secrets and can make a business much more successful in the long run. |
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With farm output poor, India's recovery projections premature
Sushma Ramachandran | 26 Oct, 2009 |
| With the Prime Minister's Economic Advisory Council projecting India's economic growth at 6.2-6.75 percent for the current fiscal, the question arises whether industrial output will rebound sufficiently to make up for the dismal performance of the farm sector. |
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Collecting information on your competitors
Marketing Scoop, LLC | 15 Oct, 2009 |
| Collecting information about your competitors makes good business sense. However, you must do so in an ethical and reasonable way. Competitive intelligence from public sources, customers, and third parties can help businesses anticipate market opportunities, trends and competitive strengths and weaknesses. |
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Is recession over for the Indian economy?
Sushma Ramachandran | 29 Sep, 2009 |
| Are the clouds of recession lifting over the Indian economy as they seem to be over the rest of the world? That is the big question everyone is asking today, whether they be economic analysts or policymakers in the central government and the financial institutions. |
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Advertising pumps up your business image
Jeff Williams | 18 Sep, 2009 |
| We have emphasized in this column the critical importance for the small business marketer to identify and communicate with a very specific audience of customers. This process is known as target marketing and your objective is to aim for the "bulls-eye" every time you spend money on marketing. |
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Uneven growth makes India uncompetitive globally
Sushma Ramachandran | 14 Sep, 2009 |
| Is India a good place to do business? The answer seems to be it is excellent in some areas and difficult in others. No wonder the Indian economy has risen in one global index of competitiveness and gone down in another on business climate. |
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New government's economic drive moves, but in fits and starts
Anuradha Shukla and Sanjay Singh | 28 Aug, 2009 |
| The first 100 days of the second edition of United Progressive Alliance (UPA) government have had their share of hits and misses in steering the Indian economy, with some ministries able to drive their agenda forward and others yet to draw clear roadmaps, analysts maintain. |
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'Delhi is top solid waste producer'
FICCI Survey | 24 Aug, 2009 |
| Delhi is the highest municipal solid waste producer in the country followed by Mumbai, according to a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI). |
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They put a spin on adventure tourism in Kerala
Sanu George | 20 Aug, 2009 |
| Nine years after they quit the Indian Navy, two men here are basking in the success of the adventure tourism company they started in Kerala, with their innovative products even fetching them an award this year. |
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Action plan for successful export marketing
Azaz Motiwala |
| Export marketing is a serious issue for most growing companies in today's interconnected global economy. Whether to export or not, where to and how to, are the major questions for companies willing to expand their international markets. |
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Foreign Direct Investment in India
Sameer Pushp | 03 Aug, 2009 |
| India is the largest democracy and is fourth largest economy (in terms of purchasing power parity) in the world. India with its consistent growth performance and abundant high-skilled manpower provides enormous opportunity for investment |
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Recession-hit IT professional settle for low-paying jobs
Maitreyee Boruah | 25 Jul, 2009 |
| Till a few months ago, IT professional T.V. George was earning Rs.70,000 per month, plus perks. But after losing his high-paying job, and being unemployed for three months, George, 31, has started giving tuitions in mathematics and physics to aspiring engineering students in his neighbourhood. |
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Selling off sick PSUs: Were they really family silver?
Sushma Ramachandran | 22 Jul, 2009 |
| In the brouhaha over Prime Minister Manmohan Singh's government reviving the public sector divestment process, the old argument about selling the "family silver" has been revived once again. But the problem is much of the so-called "silver" has been tarnished and a large quantity was never silver in the first place. |
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Expectations high as Mukherjee readies for national budget
Sushma Ramachandran | 01 Jul, 2009 |
| Finance Minister Pranab Mukherjee faces a tough job July 6 as he rises to present the first budget of the newly-elected United Progressive Alliance (UPA) government, during which he will have to try and keep fiscal deficit under check while meeting the many promises made by the Congress party and its coalition partners during the elections. |
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It is optimism all around
Ashok Handoo | 19 Jun, 2009 |
| Finally, the country has managed to record a 6.7 percent growth in financial year 2008-09, despite the global economy still in the throes of a deep recession. |
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International business and India SMEs - an overview
LT. COL. (RETD) Nageshwant Roy Vaid | 16 Jun, 2009 |
| During the last few professional decades for international business there has been a diametrically radical mindset shift in focus to not only provide a product but a better product to stated target audience in the world markets. |
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The Basics of Marketing
Jeff Blackwell | 15 Jun, 2009 |
| Marketing - A Juggler’s Art. Marketing, in more the one way, is like juggling. This strange analogy will become crystal clear if we take a close look at it. Just like the juggler |
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Benchmarking, an effective management tool for SMEs
Writuparna Kakati | 13 Jun, 2009 |
| It was 1970s. Rank Xerox, part of Xerox Corp, was facing difficulties in business. From mid 1960s to the mid 1970s, the profit of the company had rose above 20 per cent. But by the late 1970s, it started losing a significant share of the photocopier market. Some of its Japanese competitors were introducing copiers to the market with very lower prices, and as a result, the company came on the verge of collapse. |
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India's growth data has brightened revival hopes
Sushma Ramachandran | 08 Jun, 2009 |
| A new Indian government under Prime Minister Manmohan Singh has taken charge for the second successive term at a time when there appear to be glimmers of light on the horizon for a revival of the economy that had slowed last year after logging an impressive annual growth of nine percent in the preceding three years. |
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India – Tea Capital of World: A health drink of century
Kritika Kamthan | 29 May, 2009 |
| The tea industry in India is about 179 years old. India being the largest producer as well as the largest consumer of black tea in the world, tea has become one of the most important commercial crops of the country. The commercial production of tea started in India in the late 1830s, before which, the tea plant was growing wild in the jungles of north east Assam. |
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Vote for development will ensure economy tops government agenda
Sushma Ramachandran | 23 May, 2009 |
| With the mandate for the Congress party-led United Progressive Alliance (UPA) clearly in favour of development, economic issues will top the agenda of the new government, as it seeks to meet the high expectations of the poor and homeless and fulfil the aspirations of the masses as quickly as possible.
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Dos & don’ts in doing business with China
FICCI MEDIA DIVISION | 21 May, 2009 |
| Is corruption an issue in China? Are Chinese government officials and departments dependable? What about 'side deals' and 'under the table' transactions? The answers to these vital questions would invariably make every businessman worth his salt uneasy while doing business with China. |
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Is easy entry into India Inc. turning talent away from civil & central services?
An ASSOCHAM assessment | 20 May, 2009 |
| Current meltdown in economy may have increased students turnout for civil and armed forces, mainly due to security and stability factors through selection process of Union public service Commission (UPSC) but fact also remains that easy availability of good jobs in private sectors is driving people away from civil services, armed forces and other central services. |
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Economic agenda will be more of the same with new govt.
Sushma Ramachandran | 13 May, 2009 |
| Even as uncertainty looms large in India over which party or coalition will run the next national government, what has emerged as a given is continuity in the country's economic policies - but for some sensitive areas like lifting the cap on foreign investment and divestment of stake in state-run enterprises. |
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Indian IP laws are the world's most consumer friendly
Frederick Noronha | 09 May, 2009 |
| India has been ranked as the country with the world's most consumer friendly intellectual property (IP) laws since its copyright regulations allow citizens great freedom to access and utilise information for educational and development purposes.
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Why B2B SMEs need to segmentize customers
Writuparna Kakati | 05 May, 2009 |
| Sales in any business are most frequently generated through business relationships it establishes. As a business owner, the better you can manage these relationships, the more successful you will grab. But to do that, you need to segmentize your customers to understand their needs better. It helps targeting your potential customers with appropriate offers and sell to them more. |
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Action plan for successful export marketing
Azaz Motiwala | 02 May, 2009 |
| Export marketing is a serious issue for most growing companies in today's interconnected global economy. Whether to export or not, where to and how to, are the major questions for companies willing to expand their international markets. |
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Corruption in business journalism: A worrying malaise
Sushma Ramachandran | 29 Apr, 2009 |
| The startling order of the markets watchdog recently on the Pyramid Saimira stock manipulation case over the alleged involvement of a business journalist from a leading financial daily should make the media sit up and think hard about the issue of corruption.
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How SMEs can increase their online sales
Writuparna Kakati | 25 Apr, 2009 |
| Most small and medium businesses (SMEs) which have build a professional online presence through their own websites or registering to a B2B portal (or in any other way) often complain that they have never seen much return on their investment, nor even enough queries. Once bitten they never try again. |
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Go organic, live healthy, live green
Shilpa Raina | 25 Apr, 2009 |
| 'Organic' is in at a time when there is universal advocacy of eco-friendly products, and the Indian market too is responding with a range of things that promise a greener, healthier life. |
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'Get your software from a cloud, save money'
Madhusree Chatterjee | 23 Apr, 2009 |
| As small and medium businesses in India struggle to stay afloat during the global economic slowdown, they are opting for cheaper computing services, and a Boston-based entrepreneur is here to promote his solution, cloud computing, in which software is shared over a wide network of computers. |
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India must have grand strategic design in its foreign policy
Rajiv Sikri | 16 Apr, 2009 |
| There is need for new thinking in India's foreign policy. In today's complicated and fast-changing geo-political situation, India has wisely diversified its foreign policy options, but must retain flexibility in order to be able to pursue an independent foreign policy, on which there is an overwhelming national consensus.
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Elections as fiscal stimulus to pump-prime economy
Sushma Ramachandran | 13 Apr, 2009 |
| In these times of financial gloom, the process of elections in the world's largest democracy is bringing with it some sort of silver lining for the economy as large sums of money are being spent by political parties and candidates to ensure victory at the hustings. |
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How SMEs can win big corporate orders
Writuparna Kakati | 08 Apr, 2009 |
| Does size matter? If you are a small business owner, you may probably ask this question to yourself whenever you lose a big order only because your business is looked upon |
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Use web marketing tools to cut advertising costs
Moonis Rehman | 06 Apr, 2009 |
| We are in global recession. Ad sales are at record low. Marketing budgets have declined. What started in November 2007 has affected both the small and big players in the industry. This economic turbulence has lead to lay-offs, no new product launches, cut in promotional budget et al. All of us are eagerly waiting for the markets to recover, but no one knows how long will it take? So, how can we cope with the downturn and adapt to survive such situations? |
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G20 summit: Will it find a cure for the global recession?
Chris Cermak and Andrew McCathie | 27 Mar, 2009 |
| The world's big economic powers will hold an emergency summit in London next week amid a deepening sense of despair about the outlook for the world economy and with few signs that major nations have laid aside differences on how to combat the global recession. |
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Ethics in workplace: Link it to business success
Writuparna Kakati | 16 Mar, 2009 |
| What is ethics? Ethics refers to well based standards of right and wrong that prescribe what humans should or shouldn't do. Whether to tell the truth or lie, be friendly or unfriendly, whether to be generous or greedy - all these, and all other questions about how people act toward themselves and one another refer to ethics. |
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Corporates can survive bad times without downsizing
Shiv Dhawan | 26 Feb, 2009 |
| News of downsizing is bad news for any employee. Though downsizing is a common strategy adopted by organisations to cut costs and keep performance standards high, during the current recession it appears to have become a survival imperative. |
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It is the time for SMEs to go global
Writuparna Kakati | 24 Feb, 2009 |
| Do you want to go global? Your business is located in this country, you have invested a lot in people and talent, and you have a competitive advantage in this market. So, why should you go global? |
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Forthcoming vote on account - FIEO wishlist
Interim Budget Special | 12 Feb, 2009 |
| In view of the global economic meltdown which has effected the Indian export sector as well, FIEO President A Sakthiel look for the following steps from the Government out of the forthcoming Vote on Account which may provide the much needed support to make the indian export sector competitive and sustainable. |
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E-waste management
Kalpana Palkhiwala | 07 Feb, 2009 |
| Electronic waste or E-waste is one of the rapidly growing environmental problems of the World. In India, the electronic waste management assumes greater significance not only due to the generation of our own waste but also dumping of E-waste particularly computer waste from the developed countries. |
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What is a vote-on-account?
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| The Indian Constitution says that all revenues received by the Union government and the loans raised by it are to be put into the Consolidated Fund of India. |
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Business strategies for going global
Writuparna Kakati | 19 Jan, 2009 |
| So you want to take the plunge and go global with your product or service. How do you begin? In today’s increasingly globalised world, exporting is crucial for a business' growth and competitiveness. Export business is exciting, adventurous, and financially rewarding but at the same it is full of challenges, risks and complexities. |
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India's Sensex ends 2008 with 52-pc annualized loss
James Jose - Yearender | 02 Jan, 2009 |
| The dramatic start for Indian equities market in 2008, which saw a key index scale an all-time high, ended in a whimper, with the global economic meltdown pulling the bellwether down by 52 percent - its worst ever performance. |
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Realty check for reality industry in 2008
Yearender - 2008 |
| The five-year boom in India’s realty industry came to a crashing halt in 2008, following an acute liquidity crunch, falling sales and rising interest rates.The year, though, started on a positive note. |
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2008: Watershed year for Indian telecom
Yearender - 2008 |
| For a country that stood at the bottom of the pyramid in terms of telecom penetration a decade ago, 2008 was a watershed when India’s subscriber base topped 350 million users to make its network the second largest in the world after China, displacing the US. |
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Export prospects and potential for marine products
Rajeev Jain | 18 Dec, 2008 |
| The growing population resource imbalances have forced humans to explore the newer avenues to meet their needs. In this connection, people have been looking for sea foods. India with a large area exposed to sea has equally huge potential to reap the benefits be it domestic needs or earning revenue from export. |
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Economic gloom and the silver lining for India
Sushma Ramachandran | 17 Dec, 2008 |
| The gloom seems to be overwhelming. After the horror of the Mumbai terror attacks, the news on the economic front has been increasingly dismal. Fortunately, India appears to be better off than many other countries facing the repercussions of the global financial meltdown. |
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Indian economy gets a big push
Ashok Handoo | 15 Dec, 2008 |
| The Prime Minister Dr. Manmohan Singh has been at every occasion assuring the people of the country that his Government would resort to all policy measures –fiscal, monetary, exchange rate and public spending - |
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The financial crisis: who will help starving countries?
Vlad Grinkevich | 01 Dec, 2008 |
| In recent months, the financial crisis has pushed back the food crisis, which had dominated the headlines for the past 18 months. But falling prices and corporate bankruptcies cannot hide an appalling fact - if not starvation, a shortage of food looms large in the future. |
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Ride the storm in a downturn
Writuparna Kakati | 27 Nov, 2008 |
| These are challenging times for businesses. The world economy is in turmoil and its impact is being witnessed in industries worldwide. |
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Recession proof your business, beat the downturn
Writuparna Kakati | 21 Nov, 2008 |
| These days, looking out the window is not pleasant. There's such a heavy storm and thunder outside. Bailouts, bankruptcies, equity market volatility, job cuts, cash flow pressure.... the speed of recent movements in the world economy has ebbed the confidence of everyone. |
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Will G20 take us out of the woods?
Andrei Fedyashin | 20 Nov, 2008 |
| The Washington summit of the Group of 20 (G20) industrialised and emerging economies last week arrived at a general agreement on how to cooperate in key areas to strengthen economic growth, deal with the financial crisis, and to avoid similar crises in the future. |
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Getting the marketing groove
Megan Tough | 17 Nov, 2008 |
| Wouldn’t it be great to have a year where your marketing efforts were streamlined and got the results you were after? None of us want to struggle with marketing, and yet this is the one topic that continues to be highest in the minds |
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Indian Economy can overcome global crisis
S. Sethuraman | 07 Nov, 2008 |
| India has taken an array of monetary and fiscal measures, in quick succession, to contain inflationary pressures - with the annual rate already moderating from around 13 per cent in August to 10.72 per cent by the end of October |
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Economy not so bleak, but needs balancing act
Sushma Ramachandran | 04 Nov, 2008 |
| The economy seems to be looking up since last week with some positive gains for stock markets and moderation in inflation, giving the Reserve Bank of India (RBI) sufficient confidence to take more steps to infuse liquidity into the system. |
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The discipline of innovation
P. J. Germain | 31 Oct, 2008 |
| In the hyper competition for breakthrough solutions, managers worry too much about characteristics and personality: Am I smart enough? Do I have the right temperament? - and not enough about the process. A commitment to the systematic search for imaginative and useful ideas is what successful entrepreneurs share, not some special genius or trait. What is more, entrepreneurship can occur in a business of any size or age because, at heart, it has to do with a certain kind of activity: innovation, the disciplined effort to improve the potential of a business. |
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10 steps when you need help in your business
Martin Haworth | 20 Oct, 2008 |
| Sometimes you have to wing it. So, if you take as much care as is practical, you can take a few risks with those who you have to help you. So don't be afraid to give more responsibility to one of your team, especially if they show promise - give them the opportunity, support and your confidence and often they will deliver way beyond what you expect. |
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Manage your inventory effectively: Avoid stock-outs and overstock
Writuparna Kakati | 13 Oct, 2008 |
| The twenty-first century business environment is characterized by fierce competition, rampant change and rapid pace. With globalization, the world has changed into a single market - opportunities has been multiplied and global sourcing of materials has become a common trend even in the SME |
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China's 30 years of reform and opening up
Wu Qi | 10 Oct, 2008 |
| This autumn was a season of revelry and national pride for the Chinese. Still basking in the glory of spectacular summer Olympics in August, the whole nation had something else to celebrate as its astronaut became the first Chinese to perform a space walk. |
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Youngistan to drive India's economy
Neena Bhandari | 29 Sep, 2008 |
| As the Indian young generation of consumers go all out to seek new experiences, modern retail is well on its way to becoming the key driver of the country's economy. |
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The myth of exceeding customer expectations
Paul McCord | 27 Sep, 2008 |
| The business world is filled with myths, some of which have become guiding principles for many businesses. One of the most nefarious of these myths is currently all the rage: exceeding the customer's expectations. |
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Go global before globalization gets you
Writuparna Kakati | 23 Sep, 2008 |
| In the twenty-first century, the new global economy has changed the world of business in a profound and indelible manner and political landscape - everything has been changed - and business as well. |
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European Union: A promising market for Indian handicraft exporters
Writuparna Kakati | 19 Sep, 2008 |
| Often considered as a cottage industry, the Indian handicraft industry has outgrown its image to evolve into one of the major contributor for export and foreign revenue generation. Today, it is the second largest employment-generating sector in the country providing employment to more than six million people. |
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Advertising and marketing - corporate branding
T. J. Madigan | 09 Sep, 2008 |
| In the cutthroat world of business, every company is consistently vying for the interest and attention of consumers and constantly looking for ways to expand their market. This is the main reason why advertising and marketing corporate branding is a key factor in the success of any business entity. |
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Textile opportunities in Finland: An export snapshot
Writuparna Kakati | 30 Aug, 2008 |
| A few days back, I attended a conference on 'Export opportunities in the Nordic countries' and heard several of the speakers refer to Finland as one of the most successful countries in terms of development and productivity growth over the last couple decades. |
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Are you skilled enough to start exporting
Writuparna Kakati | 27 Aug, 2008 |
| Operating an export business is exciting, adventurous, and financially rewarding. At the same time, it is full of challenges and risks. But if you are successfully operating your business in your own country, there is no reason why you could not enter into the challenging but must lucrative world of export business.
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Understanding the importance of marketing
Joe Polish | 26 Aug, 2008 |
| There's something that Dan Sullivan taught me, which is his way of looking at tools that you use every day. Think of it as three drawers. Since we're not visually able to draw a picture, picture a three-drawer, little cabinet. The top drawer is labeled "tool belt," and the middle drawer is labeled "tool box," and the third drawer, the bottom drawer, is labeled "tool shed." |
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The curious case of India's oil policy
Sushma Ramachandran | 25 Aug, 2008 |
| India's petroleum policies are getting curiouser and curiouser. The latest report on the oil sector by former petroleum secretary B.K. Chaturvedi has proposed a phased raise in oil product prices so that eventually, domestic retail prices are brought on a par with international levels. This is surely an Alice in Wonderland proposal. |
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How to break through your customer’s doubts
Kaye Z. Marks | 23 Aug, 2008 |
| Expert marketers and sales people know that product resistance is often part and parcel of selling your products and services. It may be because of a particular concern on the product that’s preventing your prospective customers to buy from you. Or it may also be that they’re hesitant on how effective it can be to their situation. |
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Doha trade talks fail, but developing South wins
Sushma Ramachandran | 08 Aug, 2008 |
| Headlines can be misleading! The media stories on the recent trade negotiations at the World Trade Organisation (WTO) in Geneva had banners saying "Talks fail" or "Doha Round Collapses". These gave the impression that calamity had struck the prolonged negotiations among its 153 members. But the ground reality was quite different. The talks did fail, but it also had a great outcome, at least for India and all the other developing countries, given the state of play. |
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Poland's RMG imports: Opportunity for Indian exporters
Writuparna Kakati | 06 Aug, 2008 |
| Lying at the geometric centre of Europe, Poland is a beautiful country surrounded by the Baltic Sea on the North and the Carpathian Mountains on the south. In the east, Poland ends at the River Bug while the Rivers Oder and Nysa Luzycka form the western border of the country. |
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Trust vote leads to a feel good factor
Ashok Handoo | 30 Jul, 2008 |
| The UPA Govt’s victory in the Parliament on the trust vote has sent a strong message to the country and the world that the Indian economy is destined to move forward, galloping, in the days ahead. |
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Opportunities in the UK textile sector: An export snapshot
Writuparna Kakati | 19 Jul, 2008 |
| India has a diverse and rich textile tradition. It is the second largest producer of textile and clothing in the world with its products being exported to over 120 countries. Recent estimates indicate that the country's textile sector will grow faster in the coming years and contribute a lot to the our overall economy. |
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Creating a business image that counts
Barbara Gabogrecan | 15 Jul, 2008 |
| Many things can contribute to creating the business image that you want and they should all be considered before you rush into having anything printed to promote your business. |
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Ceramic sector in Bangladesh: opportunities unbound
Writuparna Kakati | 15 Jul, 2008 |
| Traditionally known for jute and tea exports, Bangladesh's entry in ceramic export market is not that old. But the rapid growth this industry has witnessed is extraordinary. In fact, a silent revolution has been taking shape in this sector for the last few years contributing a lot to the country's overall development. |
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Exchange rate risk: Prevention the best way for SMEs
SME Times Research Bureau | 03 Jul, 2008 |
| Exchange rate risk is simply the risk to which businesses and investors are exposed to because changes in exchange rates may have an adverse effect on them. An exporter is likely to find its sales falling or its gross margin shrinking, or both when an appreciation occurs in its domestic currency. Therefore, fluctuation in exchange rate can impact a business, especially SMEs to a significant extent.
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Internet: connecting people
Esther Kar | 27 Jun, 2008 |
| In its short life, Internet has become an agent of revolutionary change and is one of the fastest tools to promote and defend freedom and to facilitate democratic access to information and knowledge. |
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SMEs to suffer most after RBI's key rate hike
Writuparna Kakati | 26 Jun, 2008 |
| Finally, the RBI has increased two key policy rates - the repo rate and the CRR. It is not an unexpected move; after the country's inflation rate reached a 13-year high of 11.05%, economists warned that the RBI might increase its key interest rates as the central bank did earlier this month. |
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Indian economy reeling under rising inflation
Writuparna Kakati | 18 Jun, 2008 |
| In November 11, 2006 when India's inflation reached 5.29 percent, economists termed it as 'ugly surprise'. Since then it is not so a long time and the nation's inflation has hit a seven-year high of 8.75 percent for the week ended May 31, 2008. The last higher figure was of 8.77 percent for the week ended Feb 10, 2001. |
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Drop shipping: A smart way to do business
Writuparna Kakati | 16 Jun, 2008 |
| With the ubiquity and increasing popularity of the Internet technology, online virtual business has opened up a whole new world of opportunity to business entrepreneurs. Parallel to the advancement of this revolutionary technology which has turned the globe into a small village, new business concepts are emerging everyday. |
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Auto sales in India: hurdling oil price hike, inflation led higher interest rates
Writuparna Kakati | 12 Jun, 2008 |
| While higher oil prices have started causing havoc far beyond the petrol pumps, the figures released by Society of Indian Automobile Manufacturers (SIAM) are certainly going to surprise everyone. According the recent figures released by SIAM, India's automobile industry reported an 8.09 per cent rise in its overall vehicle sales in May, 2008. While the domestic passenger car sales registered a growth of 14.26 per cent total two-wheeler sales were up by 7 per cent in May this year. |
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Risk management tips for SMEs
Writuparna Kakati | 10 Jun, 2008 |
| In any business, avoiding risks altogether is impossible. But risks can certainly be minimized by monitoring the exposure of a business to different risks and taking appropriate plan accordingly. |
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Market research - key to success in export business
Writuparna Kakati | 09 Jun, 2008 |
| Market research is essential for any business to succeed; and while you are going to explore a totally unknown overseas market, it becomes essential- something without which we can never think of success in export business. |
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Export planning- sail your business smart and easy
Writuparna Kakati | 07 Jun, 2008 |
| The world, in these days, is a smaller place; thanks to the way in which technology, globalization and export-import trade have changed our way of life. Today, everything is available everywhere- in shops or by order over the Internet. |
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Sales and promotion in an overseas market
Writuparna Kakati | 04 Jun, 2008 |
| Effective sales and promotional activities play an important role in the success of any business. As international trade involves more challenges than doing business at the domestic level, careful planning in this field is essential for success. For any overseas market, you must have through knowledge of the customers you target, their requirements, and how to make them buy your products. In this article, our attempt is to offer you some basic idea about all these things. |
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Skill development - need of the hour
Anand Choudhary | 30 May, 2008 |
| The transition towards a global economy based on the acquisition and application of knowledge as the driving force depends extensively on high levels of skills in the labour markets of nations. |
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Opportunities galore in China's gems and jewellery market
Writuparna Kakati | 29 May, 2008 |
| In September 2005, India's Gems and Jewelry Export Promotion Council (GJEPC), sent a delegation to China to explore the possibilities in China's jewelry industry. The underlying intent was to look for opportunities, and to determine whether China is a potential market or a threat for Indian gems and jewelry industry. |
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Export textile machinery and components to Bangladesh
Writuparna Kakati | 19 May, 2008 |
| A strong believer in trade alliances with its neighbouring countries, Bangladesh offers a range of opportunities for Indian SMEs from various sectors. A few decades back, Bangladesh was under military rule with virtually no private sector to speak of. Despite registering a growth of 57% in the Seventies immediately after Independence, and 29% in the eighties, Bangladesh, under the military rule, offered little business opportunities to Indian exporters . |
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Dip in industrial growth: time to change gears
Sushma Ramachandran | 16 May, 2008 |
| It's more bad news for the United Progressive Alliance (UPA) government on the economic front, even as it looks forward to the general election in 2009. Industrial growth has dipped to a six-year-low of three percent in March this year. Coupled with raging inflation |
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The growing retail landscape in India
Anand Choudhary | 14 May, 2008 |
| Liberalization of the Indian economy and rationalization of business procedures have already ensured a high economic growth with a rapidly expanding base for the manufacturing and high-end services sectors. |
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Managing supplier in import business
Writuparna Kakati | 14 May, 2008 |
| In import business, you may face a number of problems arising from language differences, new payment methods, different paperwork requirements and plethora of rules and regulations. |
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Supply Chain Management -can't do without one
Writuparna Kakati | 13 May, 2008 |
| 'Supply chain management or SCM' - sounds just like a difficult jargon! But, is it really such a difficult concept? Give a closer look and you may find that SCM is instead something very easy to understand, and, of course, not so difficult a strategy to implement. |
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Ideal communication policy for a small business
Writuparna Kakati | 12 May, 2008 |
| Resolving the problem of information flow is one of the most serious barriers of a growing SME. Upwards, downwards or sideways- all types of information flow is necessary in any business to keep the staff and customers motivated and clear about what is expected of them. |
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Manage employees skillfully, multiply your success
Writuparna Kakati | 08 May, 2008 |
| In any business, you need to manage employees and their work. Study has revealed that companies that invest properly in employee management and improvement strategies see significant returns. Managing and taking care of employees results in the employees taking better care of the customers, and that is the way a business can take care of itself. |
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Minimal-risk rules in import
Writuparna Kakati | 07 May, 2008 |
| As a businessman, you face challenges everyday. From starting your business to promoting your products, from marketing your goods to exploring a new market- challenge is everywhere in the world of business. You cannot help but face them.
In import business, the problems are much more complex, and when things go wrong, solving them can be more difficult and expensive. |
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Dollar rises as Fed cuts borrowing cost
Arun Goyal | 05 May, 2008 |
| The dollar rose against the euro and traded near a two-month high versus the yen on speculation the Federal Reserve will signal that it's close to pausing after six interest-rate reductions. |
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Get ready to grab great import opportunities
Writuparna Kakati | 03 May, 2008 |
| In import business, it is very important to find products which give your business a competitive edge. The products might be low priced supplies or totally different products from the available in the market, but what is important is to find out the best supplier and to negotiate the right deal. |
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Import business: an overview
Writuparna Kakati | 01 May, 2008 |
| Import business refers to bringing in goods or materials from a foreign country for trade or sale. If you are looking for entering into import business, you need to be very careful and consider some practicalities, such as how to get the goods, the legal requirements, financial issues and many more.
In this article, you are going to find some most useful tips about import business. |
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Value Added Tax (VAT): an overview
Writuparna Kakati | 30 Apr, 2008 |
| In this age of globalisation, international trade has been expanding at an amazing pace. With this expansion, coincided the global spread of Value Added Tax (VAT). At present, some 140 countries are using VAT as their primary or only consumption tax. |
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Export business strategy - do you have one?
Writuparna Kakati | 29 Apr, 2008 |
| Proper planning is the core of any business activity; if you are going to enter into the most competitive world of export, it is, needless to say, an ultimate necessity. Marketing strategy involves selection of a target market, determination of the product price, promotion and distribution policies, marketing plan, and so on without which export business is like a ship without a sail. |
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Writing the ideal business email!
Writuparna Kakati | 28 Apr, 2008 |
| Developing effective business emails are significantly different from informal emails. As one knows business people who receive emails want to know the point as quickly as possible. |
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Select the right tactics to attract your customers
Writuparna Kakati | 26 Apr, 2008 |
| When developing a marketing strategy for your business, it is probably the toughest part to decide which marketing tactics are to choose from, which will produce the best results. The key to creating a successful marketing strategy lies in the perfect combination of various marketing tools, activities and business decisions. |
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Make the best of the media for your business
Writuparna Kakati | 24 Apr, 2008 |
| Your business reputation, profitability, and even existence largely depend upon to what extent the targeted 'public' support your business goals and policies. Through public relations, you can disseminate information about your company and build up, sustain and manage the image you want to project to the public for your company. |
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Be a part of the e-business revolution
Writuparna Kakati | 21 Apr, 2008 |
| E-business refers to business done online. A few years ago the Internet was usually though as something not for the common people. But with the changing India, the Internet has become a hub of e-business in these days. E-business is today the up-to-date trend in the world of business, and it is most acclaimed because of some great benefits it offers. |
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Common mistakes when starting a business
Writuparna Kakati | 17 Apr, 2008 |
| All business activities come under two broad categories - industry and commerce. When a business produces some goods, it is referred to an 'industry', and when it distributes, it comes under the 'commerce' domain. |
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Different ways to enter into an overseas market
Writuparna Kakati | 14 Apr, 2008 |
| In export business, the way you choose to enter into an overseas market plays an important role in determining the success of your business. There are different ways, and which will be appropriate among them depends upon |
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Online advertising - get more for a few rupees less!
Writuparna Kakati | 12 Apr, 2008 |
| If you are working on an ad campaign, try going online this time and save few bucks. Online advertising is broad and flexible in its reach and definitely cost-effective....SME Times tells you the advantages of online advertising. |
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For Small and Medium Enterprises, sky is the limit
Writuparna Kakati | 11 Apr, 2008 |
| Small and medium enterprises (SMEs), particularly in India, are the backbone of the nation's economy. They constitute the bulk of the industrial base and also contribute significantly to their exports as well as to their Gross Domestic Product (GDP) or Gross National Product (GNP). |
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Service providers, write your own success story!
Writuparna Kakati | 10 Apr, 2008 |
| E-commerce has created a new plethora of opportunities, particularly for Small and Medium Enterprises (SMEs) in the service sector. Many firms today have successfully removed two major barriers in trade -- the need to travel for business development and the need to establish global credibility. |
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Good Politics v/s Good Economics
Rahul Katakey | 08 Apr, 2008 |
| Held as a part of the CII Northern Region's Annual Regional Meeting, the session on "Convergence of Political Leadership and Economic Think Tank Critical to Leverage Northern Region’s Developmental Potential" included a very profound and lively discussion on the subject, “Good Polity & Sound |
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India in for inflation spiral
Arun Goyal | 08 Apr, 2008 |
| India which is Asia's third-biggest economy expanded 9.6 percent in the financial year ended March 2007. The government estimates growth at 8.7 percent in the year, but export expansion slows. |
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Key regulations in India relating to a company and its functioning
Writuparna Kakati | 03 Apr, 2008 |
| As an entrepreneur, you should have basic knowledge of the regulatory requirements of the country. It is necessary for the healthy functioning of a business organization. In India, the most important regulation which regulates all the affairs of a company is the Companies Act,1956. |
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Enhancing competitiveness in SMEs through IPR protection
Writuparna Kakati | 02 Apr, 2008 |
| Today Small and Medium Enterprises (SMEs) face the challenge of extracting the latent value of their Intellectual Property (IP) and using it effectively in their business strategy. Companies that dedicate time and resources to protecting their intellectual property assets can increase their competitiveness in a variety of ways. |
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How B2B portals help you promote your business
Writuparna Kakati | 31 Mar, 2008 |
| With globalization, international trade has become increasingly popular. Along with improved foreign relations, innovative technologies, especially the Internet, have drastically changed the manner in which different business operates. Communication has become a child's play and transportation easier than ever before. |
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Franchising Business
Writuparna Kakati | 29 Mar, 2008 |
| Franchising is a business model in which one purchases a license of a specific business. Research has revealed that franchises have a higher success rate than other independent businesses. In this form of business, you may have to sacrifice your own business ideas that do not fit with the franchiser's terms |
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Prepare a R&D strategy for your company
Writuparna Kakati | 28 Mar, 2008 |
| A business, if it wants to continue its growth and success, must improve its products, services and business processes so that it can cater to the changing needs of its customers. Research and Development (R&D) activities undertaken by a business organization refers to the efforts for discovering new knowledge about products, processes, and services |
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Guide to start your export business
Writuparna Kakati | 20 Mar, 2008 |
| Exporting to a overseas market is a serious undertaking. To succeed in it, you must get the basic rights. The first step is to prepare an export business plan. Without proper guidance, it may be time consuming and costly. |
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Growing export opportunities in Malaysia
Anand Choudhary | 13 Mar, 2008 |
| India-Malaysia trade relations have expanded significantly since 1991 so much so, that currently, India is Malaysia's largest trading partner while Malaysia is India's second largest trading partner in the Association of South East Asian Nations (ASEAN). |
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Centralised Registration for Service Tax in Place
Arun Goyal | 07 Nov, 2006 |
| The Department of Revenue amended the Service Tax Rules 1994 on 3 November 2006 to simplify the procedure for service tax. A system of centralized registration for service taxpayers who provide services from multi-location is now in place. |
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Investment floors and activity definitions to control SEZs released
Arun Goyal | 10 Oct, 2006 |
| Faced with the concerted attack on SEZs by the Left, the Commerce Ministry shifted into damage control mode. Commerce Minister Kamal Nath announced that an SEZ will come up only on barren land. The Board of Approvals meeting on 21 September has further said that a multi product SEZ must envisage a minimum investment of Rs 1,000 crores or show net worth of Rs 250 crores. |
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New Bangkok Agreement notified with 464 items
Arun Goyal | 12 Sep, 2006 |
| The Department of Revenue notified a long list covering 464 items which are eligible for concessional duty when imported from the four Bangkok Agreement country set consisting of China, Korea, Sri Lanka and Bangladesh on 1 September. |
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Anti dumping slap on Chinese POY
Arun Goyal | 16 Aug, 2006 |
| The Department of Revenue notified a stiff anti dumping duty of 48.6 cents per kilo (Rs 21.87 per kilo) on POY (partially oriented polyester yarn) imports from China on 2 August. Our calculations show that this works out to 45.4 percent on the average of CIF price of imports from China in the April-Dec 2005 data released by the DGCIS. |
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Doha Round Suspended Indefinitely
Deferred anti-dumping duty on leather shoes in EU on the anvil
Arun Goyal | 08 Aug, 2006 |
| The Doha Round of trade negotiations was put into deep freeze on 24 July, after a meeting of ministers from six key trading nations collapsed over divisions on how to cut farm subsidies and tariffs. Even though Lamy said that some potential compromise numbers were informally floated at the 14-hour long G-6 meeting on 23 July, the divisions on agriculture were so pronounced that industrial tariffs were not even directly addressed. |
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New UCP 600 rules from October 2006
Arun Goyal | 30 May, 2006 |
| UCP 600 the successor to the UCP 500 which governs the working of Letters of Credit (Documentary Credit) is likely to be ready for implementation after the final voting in Paris at the ICC Banking Commission meeting on 24-25 October 2006. |
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Gram Udyog Products for 5% Incentive Notified
Arun Goyal | 23 May, 2006 |
| The Directorate General of Foreign Trade released the details of Gram Udyog (GU- Village Industry) portion of the VKGUY (Vishesh Krishi and Gram Udyog Yojana - Special Agriculture and Village Industry Scheme). |
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Special CVD restored on cell phones, computer parts
Arun Goyal | 14 Mar, 2006 |
| The department of revenue moved swiftly on 06 March to restore the four percent countervailing vat/sales tax duty (known as special cvd in customs parlance) on mobile phones and computer parts by a notification issued on 6 March. |
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Archives:
2013 ( 46 )
2012 ( 419 )
2011 ( 93 )
2010 ( 99 )
2009 ( 3 )
Index
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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55.30
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54.35 |
UK Pound
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84.50
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82.50 |
Euro
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71.80
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70.00 |
| Japanese
Yen |
54.40 |
53.00 |
| As on 25 May, 2013 |
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| Daily Poll |
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| Do you think banks will lower lending rates after recent RBI rate cut? |
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| Commented Stories |
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