Monday, 12 August 2013

Bumpy Road Ahead for General Motors India


As things stand, General Motors (GM) India is not in the driver’s seat.

Late last month, the company announced its decision to recall 1.14 lakh units of its utility vehicle Tavera, manufactured between 2005 and 2013, because they failed to meet emission and specification norms. There has been no official statement on the cause, but media reports suggest GM engineers manipulated emission tests to comply with government standards. Post the controversy, GM has fired about 25 people, including Anil Mehrotra (India CFO), Sheila Jain Sarver (head of GM’s India technical centre at Bangalore) and Sam Winegarden (vice president for global engine engineering). 

The problem doesn’t end here. From early July, GM has halted the production of its Sail sedan and hatchback citing quality issues. It is contemplating a recall. 

Dealers believe this will affect business.And it’s not as if GM India’s cars have been selling big. In June, it sold 6,575 vehicles, down 11 percent year on year. 

Read more: http://forbesindia.com/article/checkin/bumpy-road-ahead-for-general-motors-india/35841/1#ixzz2bohucqny


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Swati Piramal: How to Make India a World Leader in Low-Cost Health Care

Swati Piramal is the vice chairperson of Piramal Enterprises and director of Piramal Healthcare. She was the first woman VP of Assocham in 2008. She’s also a member of the Planning Commission and has influenced public policies in health care. In 2012, she was awarded the Padma Shri.


The numbers are startling. The Indian pharmaceutical industry—once the pride of innovation and a leading Indian export to other countries—has slowed from over 17 percent just two years ago to 10 percent this year and trending even lower because the price control regime is due to kick in later this year. On the face of it, this may be seen as being in line with the slowing Indian economy. The truth is not so simple.

The questions are mind-boggling. Why would a government metaphorically handcuff an industry that was once feared to be taking on the power of the world’s largest multinationals and was ahead of China in the sheer strength of scientific prowess? What has happened to a leader in generic medicines that could prove, using clinical trials, that our drugs are as good as that of the West?


Clinical trials approved by the health ministry have dropped from 500 two years ago to nearly zero. When activists petition the Supreme Court and advocate the banning of any studies, the knee-jerk response from the health ministry is to make notifications so absurd that global trials in India are halted by no less a global heavyweight in research than the American National Institutes of Health.

While activists who have no stake in the issue can take up airtime on TV, the nation’s ability to discover and develop new cures for untamed diseases in India are crippled severely. If India is to depend only on new innovations from the West without regard to the types of mutations in viruses and bacteria increasingly affecting the Indian population, it will be a very high price to pay. Research on tropical illnesses that ravage our citizens and drugs to treat these illnesses will not come from multinational research labs. An increasing cancer risk and the high prices of drugs imported into India are together making the burden of this disease unaffordable to most patients.

Can new cancer drugs be discovered in our huge biodiverse plants and microbes in India? Can we develop it in India at one-tenth the cost of the West and make it affordable not just for India but for the rest of the world? For many Indian scientists, that remains a dream. Has price control been effective in delivering good health to the consumer? More than 60 years after independence, tuberculosis affects nearly every other Indian, 20 million women have anaemia, 70 percent of children up to age 10 are anaemic, malaria continues to kill and, in a rapidly urbanising India, there’s a double whammy: Chronic diseases such as diabetes and heart disease have increased. Drug prices are so low that there is no money left to create awareness or to make sure the drug reaches rural areas. Drug price controls have failed to deliver medicines to those who need them most.

Recently, the head of the Dairy Development Board, Amrita Patel, observed that women employed in the dairy industry have a problem of anaemia. They refuse to take the iron tablets doled out free as they cause gastritis. Innovations in iron delivery are not taking place at all because iron tablets are under severe price control and there is no money that can be invested in research and development for a new iron delivery system with fewer side-effects.

The much-vaunted India advantage of an English-speaking scientific manpower, doctors trained in Western medicine, institutes of higher education, and a large number of chemists has come to naught. The long bureaucratic delays of more than a year for almost any permission, the plethora of expert committees, and aggressive pursuit of leadership in science by China, Singapore and South Korea have nullified any ‘India advantage’.

 So where is the good news? A few years ago, the Reserve Bank of India made a small but critical change. Hospitals, which were previously classified as a real estate industry to which banks could not lend, were reclassified as infrastructure. The growth in small hospitals in second and third-tier towns as well as the rapid expansion of hospital chains such as Apollo and Fortis is creating new hospital beds and new competition, which is pushing up health care standards. India is a laboratory for low-cost innovation in health care delivery. Affordable cardiac care is being pioneered by brilliant doctors such as Devi Shetty and in eyecare at Aravind Eye Hospitals. New methods of mobile delivery are being pioneered in many states.

Digital health services take more than a million calls a month to answer basic questions on health. Cloud computing and RFID (radio frequency ID) technology is being used by clean drinking water provider Sarvajal in rural India (which recently won them a Frost and Sullivan technology award). The Mid-Day Meal schemes provided by large NGOs have totally automated plants that bring costs down and maintain high standards of nutrition and hygiene. To scale up these models and success stories we need support from the government. Technologies must be accepted and diffused quickly so that the common man may benefit.

On the pharmaceutical side, too, there is a silver lining.  Although Indian trials have halted, Indian companies are sending their dossiers to Western regulators. The high quality of science is being accepted and the number of new chemical entities discovered in India and developed globally is going up. If India is to take her rightful place at the head table of nations to make the lowest health care solutions in the world, she must quickly put in place a regulatory system that is fast and efficient.

Read more: http://forbesindia.com/article/independence-special-2013/swati-piramal-how-to-make-india-a-world-leader-in-lowcost-health-care/35867/1#ixzz2bogsPU9F

Property Investment in Delhi-NCR in India

Investing in real estate in India is one of the most preferred investment avenues today. Survey shows that 91 percent of people want to go for property investment in India. Surprisingly Delhi-NCR tops the chart of investment. It is suggested by the property investment advisors as well. Also in the Wealth Report 2012 by Knight Frank & Citi Private Bank, Will Dickens, senior vice-president at Citi Private Bank's global real estate investment team said that investment is fast emerging as a favourite investment option for the rich.

Why people seek options for Real estate investment in Delhi NCR?

Well the answer is simple. It is because of growth and development that is taking place on a high scale. Not only commercial but residential property demand is on rise too.

It investment is also gaining favour due to the lucrative returns it is offering. People are investing in real estate in Delhi NCR on high scale. Sometimes a group of people with smaller investment amounts put their money together in a single real estate project. Many people also think that putting property on rent in Gurgaon yields more especially if it is commercial property. Take for example the trend of property investment in Gurgaon. Talking about commercial property in Gurgaon people prefer furnished offices. But when it comes to residential accommodation both apartment and plots are on high demand. People often look for wealth management solutions which is cost effective and has high returns.


Real estate wealth management is not rocket science. If you want to make a better investment in properties in Gurgaon, you should be reasonable and savvy enough to know the pulse of the market and determine the right time to buy. You only need common sense to know that the best time to buy is never the right time to sell. However, consulting a property investment advisor not only assures you that you are in the right direction but also provides you with perfect wealth management solutions.
Wealth management is basically a mechanism for delivering advice which is provided by multiple specialists, including property investment advisors, accountants and attorneys. In all cases, however, advice is customized, taking into account many facets of the investor's life, but with an emphasis on service and communication.
So all you need to do is to consult a property investment advisors, talk him about your requirement and budget, understand the frame work he decides for you and just go for it.


source:- http://goarticles.com/article/Property-Investment-in-Delhi-NCR-in-India/7469347/

Sunday, 11 August 2013

Demand for plots picks up in Gurgaon

Gurgaon known for its opulent and luxurious homes is witnessing a slow and gradual shift towards residential plots. Even though multi-storey apartments are the most preferred property type in Gurgaon today, a large number of buyers are opting to go for independent plots instead of an apartment.

As per MagicBricks.com, demand for plots has shot up by 33 per cent since the Jul-Sep 2012 quarter. Nearly 20 per cent demand was recorded for plots during the Jan-Mar 2013 quarter.

When Gurgaon began developing as a residential destination plots were the norm. However, with time multi-storey apartments took over the real estate market in the sub-city and buyer demand gradually shifted towards the same. The major reason for this was the various amenities one could get with an apartment.

However, today demand for plots is witnessing resurgence in the Gurgaon market. “Amongst buyers, for whom budget is no constraint, residential plots are again gaining preference. Buyers chose apartments over plots because of the security and facilities that a gated community offered. Now, with developers offering independent plots with all the amenities that one could get in apartments including power back-up, buyers are more inclined towards these,” exclaims Ranjeev Kalia, GM Marketing, Ansal Buildwell.

Further, if you have the money, buyers would want to customise the designing of their homes as per their wish. Investing in residential plots gives this flexibility to buyers.

Giving his insights on why residential plots are gaining popularity in Gurgaon, Pankaj Bansal, Managing Partner, Oxford Realtors and Arbitrators says, “Plots cost lesser in Gurgaon as compared to Delhi, and thus we see that maximum demand for plots is coming from buyers in Delhi. Most of these buyers are those who have sold their plots in Delhi and bought property in Gurgaon. Good connectivity to Delhi via NH-8, MG Road and Metro also acts as a boon.”

Moreover, plots appreciate faster than apartments and thus prove to be a promising investment avenue. “A minimum annual ROI of 50 per cent is guaranteed in case one invests in plotted development in Gurgaon. Further, you are the owner of the plot as well as the house you construct on it, while one has no ownership right on the land on which your apartment is built. This realization has also led people to opt for plots over apartments,” adds Bansal.

Thus, if one can afford it, plots might just be the better option in Guragon today!

Sruthi Kailas, MagicBricks.com Bureau

source:- http://content.magicbricks.com/demand-for-plots-picks-up-in-gurgaon/?utm_source=toi-article-slider&utm_campaign=article-slider-article_link

Gurgaon: Sushant Lok – Now and Then

Delhi NCR

Sushant Lok, a township built by Ansal API almost 20 years ago, has come a long way since then. Being one of the first townships in Gurgaon, it became a sought after residential location the moment it started selling off. Today, the township is nearly 90-95 per cent occupied and there is still scope to accommodate a few more families, clearly indicating its massive expanse.

Over the years, Sushant Lok has not only grown in terms of its occupancy rate or the number of residential developments but the township has also undergone an exponential price appreciation. According to the data with MagicBricks.com, capital values in Sushant Lok have appreciated by almost 234 per cent since 2006. Manoj Khatri of KN Realty Ventures says, “Capital values in Sushant Lok have been through various phases. A major hike happened during 2005 and 2007 when the metro was announced. This was when the retail market was also growing in Gurgaon and the investors started turning out in large numbers.”

“2008 to 2009 saw the market going down due to the global recession, however, it picked up by 2010 when the investors started coming back, giving another thrust to the market,” adds Khatri.

The capital values in Sushant Lok have risen from Rs 20,000 per sq yd in 1993 to almost Rs 1.5 crore per sq yd in 2013. Khatri says, “Initially, the township sold plots where the buyers started building their independent houses. The concept of builder floors came in about a decade later. Today, a builder floor costs anywhere between Rs 1.5 and Rs 4 crore. An independent house that must have cost just Rs 80 lakh -1 crore then, is now valued between Rs 4 and Rs 13 crore.”

Deepak Kumar of DNV Properties says, “Sushant Lok is a specimen of world class construction. Investors who realised its potential in time have benefitted to a large extent. Being located at a distance of just 15 km from IGI Airport, it is one of the finest locations in Gurgaon. It provides a host of facilities for luxurious lifestyle. The establishment of various shopping malls, connectivity by metro and its proximity to South Delhi attracted many people to settle here.”

Shradha Goyal, MagicBricks.com Bureau

sourcE:- http://content.magicbricks.com/gurgaon-sushant-lok-now-and-then/

1BHK units sell most in Jogeshwari East, Mumbai

Mumbai

Situated in proximity to upscale residential localities such as Andheri, Lokhandwala and Goregaon, Jogeshwari East has carved a niche for itself as a preferred residential destination due to comparatively lower capital values. The locality has attracted a huge demand for 1BHK units in particular.

As per data with MagicBricks.com, demand for 1BHK units was recorded to be more than 60 per cent during the Apr-Jun 2013 quarter in Jogeshwari East. However, supply was startlingly low at 30 per cent.

Sayed Imran Quadri, Assistant General Manager, SMGK Pvt Ltd, says, “In Jogeshwari East there is a huge demand for 1BHK units. With slum rehabilitation picking up pace in here, 1BHK units are being constructed for the slum dwellers. However, they do not prefer to stay in these homes and re-sell them. People working in the neighbouring areas such as Lokhandwala and Andheri prefer small apartments accommodation buy from slum dwellers as they offer to sell at lower rates.”

Increasing capital values and enhanced connectivity via the Jogeshwari Vikhroli Link Road (JVLR), which connects Jogeshwari East to both Western and Eastern Expressways, the locality has caught the fancy of many a realtors and investors. “The locality has witnessed a healthy appreciation of roughly 20-25 per cent in the last one year. This has attracted investors,” says Sam Patel of Central Links India, a city-based real estate firm.

“Investors generally prefer 1BHK units, as they are easy on their pockets, have maximum demand and are easier to sell off,” adds Patel. These factors have together resulted in an increased demand for 1BHKs.

In spite of the high demand for smaller units, supply in Jogeshwari East is largely limited to 2 and 3BHK units. “It is easier for developers to construct and sell larger units as compared to 1BHKs. More number of smaller units mean more units to maintain and larger consumer base to deal with,” exclaims Quadri.

If market experts are to be believed, demand for smaller units would continue to pour in from both investors as well as end users. Developers are gradually waking up to this demand and have started offering 1BHK units in their projects. It needs to be seen how long it would take to diminish the gap between demand and supply of 1BHK units in Jogeshwari East.

source:- http://content.magicbricks.com/1bhk-units-sell-most-in-jogeshwari-east-mumbai/

Will property prices in Hyderabad remain affordable?

Amidst the long period of political uncertainty over Telangana issue, it was the presence of IT/ITeS industry that kept the real estate market of Hyderabad alive. Now that the issue is over and Hyderabad has been declared to be the common capital of both Andhra Pradesh and Telangana, the real estate sector in the city is expecting a major transformation – not in the short term though.

Property prices in Hyderabad are far less, compared to other metros such as Delhi, Mumbai and Bangalore. As per MagicBricks.com research, the average capital values of residential properties in localities such as Miyapur and Kondapur range in between Rs 2,500-Rs 4,000 per sq ft. Thus, you can expect a good 1,000-sq ft apartment in Rs 25-40 lakh. It is not that these localities are lagging behind or are situated far away from the city centre. They are among the top residential locations in Hyderabad, and enjoy decent physical and social infrastructure.

“In Hyderabad, property prices have moved very slowly as compared to other metros in the country. The buyer sentiment remained low and investors stayed away from the market due to political uncertainty,” says Afaque Ahmed, a city-based realtor.

Perhaps the lack of interest from the investor segment proved to be a blessing in disguise for the end-users. Properties are still affordable and price levels are moving realistically. In fact, as per MagicBricks.com research, the top localities such as Begumpet and Madhapur witnessed a drop of as much as seven per cent in capital values of residential properties, in the Jan-Mar 2013 quarter.

“Presence of active investors is good for real estate developers, but people who wish to buy a home for themselves have to bear the brunt of it. That’s what has happened in other metros where property prices keep rising for no major reason,” says Rajeev Kalra, a property dealer.
Meanwhile, now that the Telangana issues has been sorted out and the city will also be receiving Metro Rail, it will be interesting to observe whether Hyderabad remains an affordable, end-user driven market or becomes an investors’ heaven.

source:- http://content.magicbricks.com/will-property-prices-in-hyderabad-remain-affordable/

Ebay brings out a New Search Site Tool

Ebay is going great guns as the online marketplace is bringing about one update after the other. It has come up with a new search engine which is exclusive for all the North American users called the Cassini. It is definitely a great helping hand for the online sellers who can expect and get more visibility of the wide arch of products that they showcase as part of the listing to nab the attention of the customers. The e-shoppers also get a broader view of the marketplace and get to find out the variety of offerings of the web merchants.
Ebay kept it a Low Profile Affair for Two Years 

Ebay was hatching the master plan for almost 2 years. Cassini has been thought upon for two years so that the e-sellers are able to take advantage of this new site search engine to the best possible extent. Cassini has been churned out to aid in effective product data management and it is expected to offer the best solutions that would enable the sellers to higher their online revenue graph. Improved product recommendations and indexing is possible when you have a sorted out listing organized in a catalog format. It would group the products in a category format to have higher visibility. 

source:- http://blog.channelsale.com/2013/08/ebay-brings-out-a-new-search-site-tool.html

Thursday, 8 August 2013

Infosys upgrades wealth management tool

Infosys, a global leader in consulting, technology and outsourcing solutions, today announced the launch of the latest version of its Finacle wealth management solution.
The new offering from Finacle allows banks to quickly introduce new products and services, such as financial planning and investment products, along with traditional retail banking services. This will help banks strengthen their offering portfolio for High Net Worth Individuals (HNWIs) and mass affluent customers.
A recent Ovum study showed that HNWIs and mass affluent customers are among the fastest growing segments for banks. The study estimates that the HNWI banking and financial planning segment will grow by 7.5 per cent between 2011 and 2016. The mass affluent financial planning segment is slated to grow by seven per cent in the same period.*
The latest version of Finacle wealth management solution offers:
Single platform for all wealth management customers -The solution uses a flexible architecture to give banks the ability to customize and release products quickly to address the changing needs of their retail and investment banking customers
Financial planning and portfolio management- Sophisticated tools for risk profiling, goal planning and portfolio analysis empower advisors to provide the high levels of personalized service that today's HNWIs and mass affluent customers demand
Additional asset classes- Fixed Income, Derivatives, IPOs and Alternate Investment modules have been integrated onto a single platform and enables banks to offer a wider selection of multi-currency and multi-asset class products
New fee module- A new advisory and management fee module allows advisors to accrue and view management fees for a customer, or across multiple customers
Advisor dashboard -A detailed dashboard provides an insightful, 360-degree view of each customer's net worth, assets and liabilities. This helps banks offer personalized products and services to HNWIs and mass affluent customers and increase wallet share within this segment
Haragopal M, Global Head - Finacle, Infosysnfosys: "Banks can no longer iggnore the growth potential that highly profitable segments like HNWIs and mass affluent customers offer, nor can they meet the needs of this segment without delivering a unique, customized experience. The enhanced Finacle wealth management solution will enable banks to offer a personalized advisory service, providing the differentiation necessary to compete in this lucrative market."
Mr. Jaroslaw Knapik, Senior Financial Services Technology Analyst at Ovum: "We predict that IT spending by the global wealth management industry will reach almost $35bn by 2016, powered by heavy investment in digital channels. The HNWI banking and financial planning segment will see the largest growth. The focus will be on providing the client advisor with the tools to improve client communication and loyalty. For the client, the emphasis is one of empowerment; banks will be investing in self-management tools such as personal finance management, portfolio management and goal planning to provide their HNWIs with greater control over their investments and financial planning."