Friday, November 21, 2008

'The global liquidity crunch has no doubt affected fresh FDI inflows into India'

Deal space post meltdown

The falling Sensex and the erosion of market cap may make some of the Indian companies likely targets for acquisition, primarily because a large number of the Indian blue chips have fundamentally robust business models and with falling demands in the West, companies with a thirst for expansion will have to look towards India and China, says Mr Shinoj Koshy, a London-based law expert specialising in M&A.


Are there issues that arise when following the SEBI guidelines?

Issues in share-based payments

India soon needs a more detailed and comprehensive literature on share-based payment transactions, urges Mr Kamal Agarwal, a Senior Professional in a member firm of Ernst & Young Global.
He emphasises that a single standard which could apply to all forms of entities is imperative. "Hopefully, convergence with IFRS by 2011 would provide this," adds Mr Agarwal, during the course of a recent email interaction with Business Line.


Thursday, November 13, 2008

'Self-regulation always comes with a strict penal consequence for non-compliance'

Road to global relevance?

The Companies Bill 2008, currently inching its way through the legislation process, has evoked interest among professionals, as during the many earlier occasions. Perhaps, things may pan out differently this time, making our corporate law globally more relevant, even if the route were to be more onerous.
A positive view, that is, and Mr Kaushik Dutta, National leader IFRS practice PricewaterhouseCoopers, seems to agree. "The Bill is futuristic and will greatly be instrumental in bringing in an era of transparency, self-regulation and ease of operation for Indian companies to be relevant as key players in the global economic landscape," says Mr Dutta, during a recent email interaction with Business Line.


'The Competition Commission will need to attract the best talent from the market'

Should competition law focus on `concentration'?

The Competition Act, expected to be operationalised soon so as to supersede the archaic MRTP (Monopolies and Restrictive Trade Practices) Act, is seen as an attempt to make the Indian laws more contemporary and bring them in line with the modern anti-trust laws.
But there seem to be a few niggling areas of concern, such as whether deals that not long ago raced at a fiery pace may now meet with obstinate speed-breakers.
The new Act deals with the challenges of monopolies and seeks to ensure the sustenance of competition for the benefit of industry and consumers, concedes Mr Prasanto Sengupta, Director, Corporate Finance, KPMG India.


Monday, November 10, 2008

'Bengalis are passionate about technology'

Mobile users as content creators

Sample these observations: Out of 200 students, only one of them did not have a mobile phone, and he too was planning to buy one during Durga Puja. Over 60 per cent of the students currently use Nokia phones. More than 75 per cent use feature-rich phones — the colour ones with GPRS. And with most of them willing to spend in excess of Rs 15,000 on a handset, over 80 per cent want to purchase an N-Series Nokia phone as their next stop.
These are among the findings of Tunespray’s ‘College Road Show – Trip Report – September 2008’ from a mix of engineering, business, marketing and computer science students in Durgapur, Kolkata, Jadavpur, Siliguri, Kharagpur and Asansol.
“You should plan a trip to Kolkata and stop by our incubation centre,” invites Rahul Nandi, Founder and CEO of Tunespray.


Friday, November 7, 2008

'Globally, the tele-shopping channels are known to sell all genres of products and services'

Home shopping, a habit-changing concept for Indian consumer

‘Home shopping’ via a television channel is not an entirely new medium for the Indian audience. For long, viewers in India have watched Asian Sky Shop aired on different channels. However, what is new, and catching early eyeballs, is the concept of a 24-hour channel wholly dedicated to home shopping.
First on the block is HomeShop18, a Network 18 venture, launched in April this year. Growing at 30 per cent month on month, the company is targeting to achieve ‘a run-rate breakeven’ in the first year of its launch. With more channels looking to grab a share in this market, one can expect to see more action in this space over the next 12 months — a clear indication of the growing retail space in India.
“Home shopping is a habit-changing concept for the Indian consumer,” says Sundeep Malhotra, CEO, HomeShop18 in an interview with Brand Line. “Retail trends are changing drastically. However, for e-commerce to evolve in the consumer retail space, consumers at large have to be aware of the benefits of the medium.”