COVER
STORY
TRIPS:
Is the Pharma Sector Ready?
- - N Janardhan Rao, Feroz Zaheer and Ram Prasad
The
Indian pharmaceutical industry has come a long way from its
modest beginnings in 1970 to become a prominent maker of healthcare
products meeting almost 95% of the country's healthcare needs.
Now, the industry is stepping into a new zone by accepting
the challenge of the TRIPS Agreement. While the domestic industry
gears up to face the product patent regime, price hikes and
inaccessibility of drugs seem to be the major concerns for
the consumers. It remains to be seen what the new patent regime
has in store for the various sectors of the pharma community.
© 2005 IUP. All Rights Reserved
COVER
STORY
Post-2005:
Generics Hold the Key
- - Frost and Sullivan Research Center
It
is all about the survival of the fittest and how the companies
have spent their `today' for their tomorrow.
© 2005 IUP. All Rights Reserved
COVER
STORY
The
Patents Imbroglio: Collaborate and Conquer
- - K P Prabhakaran Nair
Indian
firms need to forge alliances with MNCs to tread the R&D path
and stay in the race.
© 2005 IUP. All Rights Reserved
COVER
STORY
Trips
and Indian Pharma: Becoming IP Friendly
- - Milind Antani and Gowree Gokhale
MNCs
may increase their focus on India by creating subsidiaries
or entering into collaborations or licensing arrangement with
Indian companies.
© 2005 IUP. All Rights Reserved
INTERNATIONAL
FINANCE
The
Dollar Decline: Advantage India?
- - Ashima Goyal
The
RBI has to keep in mind not only what is happening to the
US exchange and interest rates, but also the changes in the
REER, relative productivity and what competitors such as China
are doing.
© 2005 IUP. All Rights Reserved
CORPORATE
McDonald's
Corp.: CEO Roulette!
- - D G Prasuna and K Shalini Raju
In
spite of the abrupt transition of CEOs, McDonald's, the fast
food giant, has continued to be a darling of the Wall Street.
In quick succession, three CEOs have changed since 2002, when
the turnaround plan was set rolling. Nevertheless, the latest
incumbent, Jim Skinner inherits the company in a much better
shape than did his predecessors.
© 2005 IUP. All Rights Reserved
CORPORATE
China
Aviation Oil: Whither Corporate Governance!
- - D G Prasuna and Priyanka Sugandhi
The
recent case of China Aviation Oil's losses in derivatives
trading proves that nothing can save a company when the management
itself violates internal controls, risk management and corporate
governance practices.
© 2005 IUP. All Rights Reserved
CORPORATE
Rural
Marketing in India: Corporate Strategies
- - D Satish and B V Subramaniam
Recognizing
the huge potential of the rural markets, companies like HLL
and ITC are coming up with specific marketing strategies to
reach the rural markets.
© 2005 IUP. All Rights Reserved
INDUSTRY
Indian
Aviation Industry: Reaching for the Skies
- - D G Prasuna and Nidhi Joshi
Raising
the FDI limit to 49%; allowing private players on international
route and the entry of low- cost players has marked the transformation
of the Indian aviation industry. Has the domestic market for
aviation come of age in India?
© 2005 IUP. All Rights Reserved
INDUSTRY
Indian
Oil Companies: Raring to Go Overseas
- - D Satish and B V Subramaniam
Increasingly
Indian oil companies are investing in overseas projects to
secure their energy requirements and increase their supply
base.
© 2005 IUP. All Rights Reserved
INDUSTRY
Offshore
BPO: Is India Losing Out?
- - D G Prasuna and Priyanka Sugandhi
Latest
industry reports predict that India, a dominant player in
the offshore BPO market, will lose market share in the near
future. Does this mean that India is losing its USP?
© 2005 IUP. All Rights Reserved
INDUSTRY
Airbus
vs. Boeing: The War Intensifies
- - D Satish and Sukanya Praveen
The
battle between Boeing and Airbus has taken them to the WTO.
© 2005 IUP. All Rights Reserved
INDUSTRY
Tobacco
Industry: Health or Wealth?
- - D Satish and Sharath Jutur
On
one hand, the anti-tobacco lobby is gaining strength, but
on the other, tobacco companies are finding new ways of surviving
litigations. Governments world over are in a big dilemma whether
to vote for health or wealth.
© 2005 IUP. All Rights Reserved
INDUSTRY
Food
Retailing in India: Get, Set, Go!
- - D G Prasuna and Priyanka Sugandhi
Kirana
shops have symbolized food retailing in India for too long.
However, the scenario is set to change for the better with
organized players gaining a strong foothold in the segment.
© 2005 IUP. All Rights Reserved
SPOTLIGHT
International
Conference 2005: Emerging Securities Market-Challenges and
Prospects
- - Amit Singh Sisodiya
Emerging
markets, which have enjoyed significant foreign portfolio
investments, are now facing certain key challenges such as
market integrity, risk management and corporate governance,
suggest the luminaries who participated in a three-day International
Conference 2005, at Mumbai, recently, organized jointly by
IU and Sebi.
© 2005 IUP. All Rights Reserved
ROUNDTABLE
IBM-Lenovo
Strategic Deal
- - N Janardhan Rao and Shishir Kumar
In
December 2004, China's largest Computer maker, Lenovo Group
Ltd., acquired an 81.1% stake in IBM PC division. This deal
has made Lenovo the third-largest PC maker in the world, behind
Dell and HP. Lenovo, formerly known as Legend, was established
in 1984 as a distributor of IT products. Over the years, it
started its own PC business and achieved numero uno position
in the domestic market with a 26% market share. This deal
was a next step to achieve its commitment to go global by
developing market worldwide. This deal will enhance its market
share, technical know-how, international reach and brand equity.
However, experts feel that IBM may lose its customers and
face challenges in managing the business. Since, IBM has extensive
international experience and a unique culture of managing
business that goes back to the 50s and 60s. Whereas, Lenovo
has a unique culture and the way both companies reach decisions
is entirely different. The biggest challenge before the new
organization is creating a new business culture. However,
experts feel that merger and consolidation activity will take
place in the near future despite these challenges. To share
their perceptions on merged entity and their strategic imperatives
behind this deal, The Analyst invited Cyrus Kanga, Associate,
Corporate and Investor Relations, Ogilvy Public Relations
Worldwide, China; Martin Gilliland, Principal Analyst, Gartner
Asia Pacific; Rob Enderle, Principal Analyst, Enderle Group;
Marshall W Meyer, Professor of Management and Sociology, Department
of Management, The Wharton School, University of Pennsylvania.
© 2005 IUP. All Rights Reserved
PERSPECTIVE
Value
at Risk (VaR): A Critique
- - Ch Rajeshwer and Sharath Jutur
VaR
has established itself as a ubiquitous risk management tool
for more than a decade. Yet, it looks far from perfect.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Pension
Fund Reforms: Slow but Cautious
- - D Satish and B V Subramaniam
Pension
reforms in India are slow and cautious, but are in the right
direction.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Britain's
Economy: Poised for Growth
- - N Janardhan Rao and Ravi Babu Adusumilli
Proper
fiscal management has undoubtedly helped avert a sharper downturn.
The economy is now strong enough to cope with critical macroeconomic
problems and its performance is better than its major trading
partners and the European Union countries.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Indian
SEZs: Replicating the Chinese SEZs?
- - N Janardhan Rao and Ravi Babu Adusumilli
SEZs
in China have been extremely successful with a 40% share of
exports, compared to the 4% of Indian SEZs. SEZs were the
key drivers of the growth of the Chinese economy in the last
two decades. India has much to learn from the Chinese SEZ
model. The SEZ Bill, which is a part of the foreign trade
policy 2004-2009, is poised to make India a favorable destination
for investment.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Indian
Agriculture: Value Addition Challenges
- - Sukhpal Singh
In
the emerging environment of a reduced role for the state in
agricultural marketing and input supply, it becomes imperative
to explore the role of the agricultural markets and the agro
processing sector in delivering better value to the farmers
© 2005 IUP. All Rights Reserved
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