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Archive for July, 2011

Noida CEO rules out hike in land compensation

July 27th, 2011
IIPM Mumbai Campus

With farmers on warpath over greater compensation for their acquired land, Noida Chairman Balwinder Singh on Tuesday said it was “practically not possible” to meet the key demand.

“There is no possibility of increase in compensation for land which has already been taken. If authority gives the hike to one village then the others too will demand. There will be no acceptable cut off date for such a hike. This is practically not possible,” Kumar said after meeting farmers in Shahdra village at Sector 41.

He, however, assured them that he will convey their demand to the state government. Giving in to demands of agitating farmers whose land has been acquired, Noida Authority had on Monday promised to give them five per cent of the developed plots from next week and regularise ‘abadi’ or populated sections.

Continuing his drive to pacify Noida villagers, Kumar, who was accompanied by Deputy CEO N P Singh, assured the farmers that there would be prompt grievance redressal. Realty projects in Noida Extension which comes under the Greater Noida Industrial Development Authority , including in Shahberi and Patwari villages, have come to a halt after the Allahabad High Court quashed land acquisition there.

The Authority is now facing a flood of litigation from farmers against land acquisition.

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Rajita Chaudhuri on ‘The Magic of Number 3 in Marketing’

July 6th, 2011

IIPM Excom Prof Rajita Chaudhuri

IT TAKES ‘3’ TO TANGO!

I’s summer once again and time to enjoy nimboo pani, mangoes, long summer  holidays, trips to cool places to beat the heat. But it seems the one thing that people love the world over is going out for a good movie. Yet, in 2009, the number of films released in theaters in USA dropped by 12%… Then came the biggest hit of all times – Avatar. Ticket sales zoomed. The number of people rushing to theaters increased to crazy levels. Reason? Well everyone wanted the catch the 3D version. Despite tickets of the 3D version being priced higher, 75% of Avatar’s revenues came from them. After all, it was the only 3D movie running at that time and people just couldn’t get enough. Avatar grossed $760 million, and Fox Studios, made all other production houses sit up and rethink. Fox had shown how to revive a business.

Movie theaters are today are filled with 3D versions of films. From ‘Cars 2’, to ‘Happy Feat 2’, to Steven Spielberg’s much awaited ‘The Adventures of Tintin’, all are getting ready with their 3D versions this year for your increased viewing pleasure, and also for increased box-office collections (hopefully!)It takes 3 to increase profits!

AVATAR – A SAVIOR!

An ‘Avatar’, according to the Hindu mythology, is a descent of a deity from heaven to earth with the specific purpose of bringing back righteousness (dharma) to the social and cosmic order. Avatar, the movie, couldn’t have been more appropriately named. It’s helping a lot of businesses survive, and proving to be an ‘Avatar’ for them.

The Consumer Electronics Show in Las Vegas is the most awaited gadget exhibition of the world. This year, almost every big brand had – yes, you guessed it – a 3D version of its gadget! Chris Yewdall, the CEO of DDD Group, which is the 3D consumer technology licensing group, said “…the market for 3D devices is rapidly expanding into other segments including PCs, tablets, and smart phones.” According to research, a growth of 132% is expected in 2012 with more than 100 million 3D TVs selling in 2014. Not surprising that from Samsung to Lenovo to HP, all have entered into partnerships with DDD. Toshiba is ready with its 3D laptop, Sony and Samsung with their 3D TVs, Nintendo with its 3DS video game. From 3D photo frames to 3D cameras, to 3D mobile phones, there seems to be a sudden boom in 3D devices. The best part is that most of them do not require you to wear the bulky 3D glasses to enjoy the 3D effects.

The battle between competitors now seems to have shifted to the 3rd dimension! 3D is now being marketed as the “novel” additional feature to lure customers away from competitors. Future growth in market share depends on the 3!

“IT’S 3D ALL THE WAY”

If marketers are there, advertises cannot be far behind. On May 27, 2011, Arla Foods-owned brand ‘Anchor’ decided to celebrate its 125th birthday with the launch of the first ever 3D cinema ad. It knew this was a sure shot way of grabbing headlines! When it comes to special occasions, 3D seems to fit the bill, for another company too went 3D to celebrate its 125th birthday.

On May 11, 2011, Coca Cola too completed its 125 years; and to mark the occasion, it covered its head quarters, a 26-story high building (402 ft) with canvass and projected 3D images showcasing its 125 years in the business. It ‘opened happiness’ in 3D!

This is not the first time that advertisers have experimented with 3D. In 2010, in June, the Sun newspaper became the first newspaper in UK to publish in 3D. It had a 3D page 3, a 3D editorial, and even 3D ads. It asked its readers to keep their 3D glasses (provided free with the edition) handy for viewing future editions with amazing 3D pictures of the Football World Cup. Last year, again in June, Shiyan Evening News brought out China’s first 3D Newspaper. Not to be left behind, in June last year too, India experimented with 3D too, with Mid Day launching special editions with 3D ads, followed by Rajasthan Patrika and Dainik Bhaskar. An expensive but interesting innovation; if used intelligently, it can be the tool for brands to help break the clutter and stand distinctly apart from competitors.

One medium that has been doing this very successfully is the billboard. Recently, Vodafone captured the attention of the passers-by with its adorable Zoozoos bursting out of billboards (in 3D) announcing the launch of its 3G services. For years, numerous 3D innovations on hoardings have attracted consumers and helped brands break the clutter. But the question is, for the other mediums too, is 3 their route to success?

For the manufacturing industry, it seems things will never be the same again, thanks to 3D. Soon, printers will be available that will print in 3D – or in other words, will allow you to manufacture and create things in the comfort of your home. From jewelry, to customized football shoes , to mobile phone covers to almost anything. This new technology is going to transform the whole business of manufacturing. Earlier, these printers were used to make prototypes. Today, more than 20% of the output of 3D printers is the final product. The future, as many see it, would have consumers downloading a design the same way as they download music, customizing it to suit their tastes and pressing “” to get the product of their own choice right in their homes! Who needs a factory now, to manufacture – just a printer will do!

THE MAGIC OF TRIANGLES

‘3’ seems to have a mystical magic attached to it. Be it movies or real life, having 3 people in a relationship makes for the most intriguing of stories. Be it the royal triangle of Prince Charles, Princess Diana and Camilla or be it some of our greatest romantic films. If there is a triangle, the effect is magical.

Hollywood (with its ‘Gone With The Wind’ and ‘Casablanca’) to Bollywood (with its ‘Silsila’ and ‘Saagar’) viewers have been glued to the screens on the promise of 3. Triangles have an irresistible and mysterious charm.

Be it love triangles or the Bermuda Triangle, which for years became the source of supernatural stories, with popular folklore blaming paranormal activity to be responsible for the alleged disappearing of several aircraft and ships in that part of the North Atlantic Ocean. The Bermuda Triangle mystery was one story everyone wanted to believe. It was as fictitious as the love triangle of the movie Titanic, yet they both succeeded in intriguing the viewers and making lots of money.

THE RULE OF 3

In fact it is the ‘rule of 3’ which has a lot of significance. According to an old saying about running of businesses, “the first generation starts a business. The second generation runs it. The third generation ruins it!” So, if your business can successfully survive the 3rd generation, chances are it will live, for that means you have planned well. After all, only about 13% of businesses make it successfully past the third generation!

The rule of 3 applies not just to business, but art too. Every budding artist or photographer is told of this rule, which basically says that one must breakdown an image, a composition or a blank canvass into ‘thirds’, both horizontally and vertically to make a grid with 9 parts. The theory states that your focal points of the composition should be placed in the intersection or along the lines of the grid. This makes the photo/composition most balanced & beautiful. For professionals, the ‘rule of thirds’ becomes second nature & all their compositions follow it. It’s said that this rule is derived from the ‘Golden Ratio’. In fact, Mario Livio has written a complete book that shows how the Golden Ratio and “PHI” have influenced our lives. The book is titled “The story of PHI, the world’s most astonishing number”. He says that even Mother Nature follows this rule. It is this that determines how a sunflower’s seeds grow, or determine the path a hawk takes while diving for its prey. It even determines how the spirals in a spiral galaxy are laid out.

Beauty too is defined by this rule of 3, for it provides symmetry to things; and it’s said that symmetry is what makes things beautiful. Be it a face, a body or a building. One reason that the Mona Lisa has remained so irresistible for decades is because it’s composed of around 3 different rectangles. Vinci was an expert in geometry & the Golden Ratio can be seen in all his paintings. Our most famous ancient architectural wonders, from the Taj Mahal to the Pyramids, have all followed this rule of 3 to bring symmetry & hence beauty to the structures.

There is definitely something about 3. Look at your palm, each of your fingers are divided into 3 sections. Your body too follows the Golden Ratio; and it’s God’s most beautiful creation.

Be it business or movies, art or advertising, 3 is the magic number to remember. Two maybe is good company but three is not just a crowd – it could be your mantra to success. If you want to dance your way to success, remember, it takes 3 to tango!

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THE NUMBER ‘3’ SEEMS TO HAVE A MYSTICAL MAGIC ATTACHED TO IT. BE IT MOVIES OR REAL LIFE OR BUSINESS, THE NUMBER 3 SEEMS TO BE DEFINITELY PLAYING AN INTRIGUING PART IN DEFINING SUCCESS STORIES 

Girls not safe in Delhi: A Young Girl Raped by three

July 5th, 2011

IIPM Prof Rajita Chaudhuri - The New Age Woman

In yet another incident of rape in a moving car, three young men allegedly assaulted a 16-year-old girl for about six hours in north Delhi, after abducting her from a crowded place, recently. The victim has alleged that she was burnt with cigarette butts every time she tried to seek help and was even filmed while the crime was being committed. The accused finally dumped her near Peeragarhi late at night, threatening to release an MMS if she reported the matter to the police. One person, who is said to work in a shop in the Sabzi Mandi area, was arrested late on Monday night while two are still absconding.  According to the police, the victim is a student of Class 11 in a government school and lives in the Malkaganj area with her parents, two elder sisters and a brother. Her father is employed in a lower-rung job in a BPO. “She was returning from the Kamla Market area after tuition and had reached the Ghanta Ghar area near Sabzi Mandi, usually a very crowded place, when the incident took place,” said the investigating officer. He added that the girl alleged she was abducted around 5pm and it was not until 11pm that she was thrown out of the car. “The girl has not been able to tell us about the route taken by the accused to reach Peeragarhi, several kilometers from the spot,” added the officer.

The victim told reporters she was walking down the road when a white Maruti pulled up beside her. “One of the youths in the car was the brother of one of my classmates whom I have known for the past two years. One of them was driving the car while the other two were sitting in the rear. One of them tried to pull me inside the car all of a sudden. I tried to pull away, but they tugged at my bag and pushed me inside the car. Every time I tried to roll down the window, they burnt me with cigarettes. I was thrown out of the car late in the night after they threatened to release an MMS if I complained,” the victim alleged.

The victim’s father said the family was “shocked” when their youngest child refused to talk to them after returning home late that night. “She was just crying, refusing to go to school. Her sister found out about the burns on her body and coaxed her to come out with the truth. It was then that we approached the police,” he said.

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Thousands of crores worth treasure found in Kerala temple

July 2nd, 2011

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The legend of El Dorado was definitely not set on the Sree Padmanabhaswamy temple. But the seven-member panel, which is drawing up a list of assets at the famed shrine here, had a feel of the lost city of gold as they set foot in one of the two secret vaults located inside the sprawling granite structure which gives the Kerala capital its name.  On Thursday, the team assisted by personnel from the fire services and archeology department opened the locks of vault A to find a narrow flight of stairs leading down to an underground granite cellar. Oxygen was pumped frequently into the chamber and artificial lighting provided to enable the observers to work inside.  What they saw inside was startling, sources said. Gold coins dating back thousands of years, gold necklaces as long as nine feet and weighing about 2.5 kg, about one tonne of the yellow metal in the shape of rice trinkets, sticks made of the yellow metal, sack full of diamonds, gold ropes, thousands of pieces of antique jewellery studded with diamonds and emeralds, crowns and other precious stones lay scattered in the chamber marked ‘A’. 

There were also sovereigns bearing the 1772 seal indicating they were from the reign of the then native king Karthika Thirunal Rama Varma. There are a total of six vaults marked A to F in the shrine. The A and B cellars have never opened since 1872.

Reports said the value of the recoveries so far from vault A alone may exceed over Rs 50,000 crore. This doesn’t take into account their antique value. With chamber B, yet to be opened, speculation was rife that the shrine would pip Tirupati Balaji, who too has been assessed at a little more than Rs 50,000 crore to a distant second. No official confirmation has been forthcoming on the value of the recoveries.

Retired Kerala high court judges — Justice M N Krishnan and Justice C S Rajan — appointed observers by the Supreme Court said, ”It’s difficult to give an exact date about when the stock-taking would be completed. The B and E vaults remain to be opened. We think it may take another week.”
 
Asked about the value of the assets, Justice Krishnan said the committee was drawing up the inventory of items and were not determining their price. The panel had set out on the job on June 27 and opened three vaults marked C, D and F till Wednesday. Assets found in these chambers were estimated to be worth over Rs 1,000 crore.

The wealth discovery has raised questions on the shrine’s security. As of now, the internal security is managed by the temple employees, but this may be inadequate in the light of the events.

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