Weekly Column

·        JAPAN’S ECONOMY

The Economist reports that the largest retailer in Japan recently announced a payhike for around 54000 of its employees. This will be their first basic salary hike in four years. This is a big news for the country that hasn’t seen the mercury on the price-meter rise for about 15 years now. As reported, Japan is trying to achieve sustainable growth by printing money. So it can well move from deflation to hyperinflation as opined by expert.

·        REAL ESTATE MARKET – INDIA

There is a slowdown in real estate market but luxury segment of the market is immune to this slowdown. Recently, about 5000 homes priced at Rs 30 mn and above were lauched in major metros because of increasing demand in this segment. India’s super rich still prefer hard assets like real estate over intangible like stocks and bonds. Increasing demand by the rich is increasing property prices. Affluent class is immune to price changes. The demand continues to persist irrespective of the general slowdown in the housing market.

·        ITALIANS SHUTTING DOWN BUSINESSES !

Italy is one of Europe’s largest economies with about 6 mn companies. It is also one of the worst affected by the crisis. The country saw nearly 365000 businesses shutting down last year. The small and medium-sized businesses are the worst hit. Nearly, 50 % of the small firms are being unable to pay their employees on time.  This crisis is attributed due to clumsy bureaucracy, rigid labour laws and declining competitiveness in the global markets. Tax increases and spending cuts have pushed Italy into one of the worst recessions of any Eurozone economy.

·        CHINA’S WARNING TO REACH COUNTRIES

The current round of money printing by the developed economies have devalued their currencies which has huge global implications. For economies like China which rely heavily on exports as well as imports, devaluation of the developed economy currency makes China’s exports unattractive. This hurts them on export front and even on import front. Floor of money leads to higher asset prices including natural resources like oil. This is why the Chinese Premier has issued a warning against the devaluation of currencies by the rich countries.

·  SECURITIES & EXCHANGE BOARD OF INDIA MOVES SUPREME COURT, SEEKS DETENTION OF SAHARA’S SUBRATA ROY

India’s stock market regulator has asked the Supreme Court to order the detention of top Sahara group officials including its head Subrata Roy, reinforcing the hardline stance it and the finance ministry have taken against the conglomerate. SEBI filed an application seeking the detention of Roy and two other directors – Ashok Roy Choudhary and Ravi Shankar Dubey – after giving reasonable opportunity of hearing.

·        DR REDDY’S FOUNDER – NO MORE

Kallam Anji Reddy, founder chairman of Dr Reddy’s Laboratories Ltd and the pioneer of drug  discovery research in India, died. He was 72. He founded Dr Reddy’s in 1984 with Rs 2.5 mn in initial capital and built it into India’s second largest drug maker with sales of Rs 96737 mn last year.

·        ISUZU TO INVEST RS 15000 MN TO SET UP LCV PLANT IN INDIA

The plant at Andhra Pradesh in India which will produce 120000 units annually, will be second Isuzu facility to produce LCVs globally. Isuzu Motors India Private Limited is a wholly owned subsidiary of Japanese auto maker.

·        INFOSYS SIGNS DEAL WITH INDIA POST

India’s second largest software exporter, Infosys Ltd has signed a deal with India Post to manage its rural operations platform, months after it signed a separate deal with the state run postal network that was the biggest financial services contract over for an Indian information technology services company. This project will allow more than 130000 rural post offices to offer online services.

·        INDIA DOWNGRADES DIPLOMATIC TIES WITH  ITALY

The Indian government is downgrading its diplomatic ties with Italy and has asked its ambassador designate to that country Basant Kumar Gupta who was scheduled to leave for Rome recently. The Italian government reneged on its promise to send back two marines, facing trial for allegedly killing two Indian fishermen.

·        RELIANCE INDUSTRIES TO INVEST $ 27 BN IN FOUR YEARS

Reliance Industries will invest around $ 27 bn in the next four years till the end of fiscal 2017 across the various businesses according to Deutsche Bank AG report issued after its analysts met one of the company’s two joint chief financial officers.

J O K E

A large company, feeling it was time for a shake-up, hired a new CEO. The new boss was determined to demonstrate his decision making ability and wanted to immediately take action to rid the company of all stackers. On a tour of the facilities, the CEO noticed a guy leaning on a wall. The room was full of workers and he wanted to let them know that he meant business. He walked up to the guy  leaning against the wall and asked, “How much money do you make a week?” a little surprised, the young man looked at him and replied, “I make $ 300 a week, why?”   The CEO then handed the guy $ 1600 in cash and screamed, “Here’s four weeks pay, now get the hell outta here and don’t come back.”  Feeling pretty good about himself, the CEO looked around the room and asked, ‘Does anyone want to tell me what that goof-ball did here?”

From across the room came a voice, ‘Yeah, he’s the delivery guy from Domino’s Pizza.

INSPIRATIONAL

Mac Anderson : EXPECT TO WIN  : Today is the best day to begin…the best opportunity for a new destiny. If you believe that time has passed you by, your best days are behind you or that somehow you’ve failed too many times to have another chance, nothing could be further from the truth.

“There’s nothing in the middle of the road but yellow strips and dead armadillo,” says Jim Hightower. Decide to do something now to make your life better. The choice is yours.

David Ambrose remarked, “If you have the will to win, you have achieved half success, if you don’t you have achieved half your failure.” The moment you definitely commit yourself, change begins. All sorts of things happen to help you that never would have otherwise occurred. Kenneth Blanchard observed, “There is a difference between interests and commitment. When you are interested in doing something, you only do it when it is convenient. When you are committed to something, you accept no excuses, only results.” Lack of decisiveness has caused more failures than lack of intelligence or ability.

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