Reading a Report on honey……..And was shocked to read this——“People in other countries are opting for honey as an organic sweetener in tea and coffee, But in India “Honey is still used as a medicine”
Estimates have it that while a German would consume 2.1 kg of honey per year, it’s limited to around 8 gm for an Indian.
And we call our Selves the The Land of Ayurveda!!
I am Shifting to Honey from Sugar!!
Any insights……
Assorted
From Guts to Glory!! An Evening with YC Deveshwar, Chairman ITC Ltd.
A Few Days back, I had a Golden Opportunity to be at the Young Turks 11th year Anniversary Celebration at Delhi.
Earlier the Tag for Successful people was “Rags to Riches” but now it is “Guts to Glory”
Seems perfect for An Entrepreneur.
Every Moment of the Event is captured in my Mind and The one that I want to share with you is the talk by Mr Yogesh Chandar (YC) Deveshwar, Chairman of ITC Ltd.
It was so good that it inspired me to tweet that
“Listening to Mr Deveshwar for 1 hour is equalivent to 2 years Learning at Business School”
Some key takeaways were:-
We Need to have Indian Brands/Companies Going International
- To Improve Indian Economy Companies/Entrepreneurs need to Focus on Business wherein, Either you “Export More” or “Substitute Imports”
- Everything today’s young Consumer is buying is a Foreign Brand. On Every Purchase of a Burger, Aerated Drink, Diaper, Chocolate, Phone etc etc, we are paying a Royalty which goes out of our Country.If we don’t make more Make Strong Indian Brands…. Then we will only be a Royalty Paying Nation.
- India should build its own powerhouse of Indian Brands. Firstly win Indian Market and then explore other countries…and make it Global Brands like Tata, Mahindra and Mahindra
- A Country Like Korea produced Samsung.
- India requires Institutions driven with Values & Vision and Requires effort of 2-3 generations.
Tomorrow’s Business
- Tomorrow’s Business should be responsible businesses
- Tomorrow’s Consumer would demand Value Proposition that you have for society at Large
- Research and Development is Way to go.
- ITC has 250 Scientist working in their R&D Department and have been given free hand and ENOUGH Time to produce Results
About ITC
- 5 Groups, 30 CEOs and 30 Businesses, all Businesses are Leaders or next to Leader in their category.
- 5 Business represent Diversity… If u can handle them well. Then keeping them aligned will be great.
- Also, it proves to be a boon, if different Businesses can be interlinked and help each other.
- ITC was helped in Packaged Food Business by their Chef’s….Whom, he claims are the best in India. He mentions, nobody can understand the Indian Palate better than ITC Chef’s and that is the reason why Aashirwaad Atta is doing so well. They have different Mixtures of Atta for different Regions to suit their Palates..
- That is also the reason that Yippee Noodles (2nd after Maggi), Aashirwaad Atta, Bingo Chips, Sunfeast Biscuits, are giving tough Competition to Market Leaders, in such a short span.
- Yippee Noodles–We bought SIMPLE Insight— Long Noodles as Consumers want t Slurp more and Round Packs, as the Pans used to make then were Round as well. Know your Consumer!! Think as a Consumer.
http://www.youtube.com/watch?v=7aIWsqb0jR0
QUOTES
- If your business makes only money, then it’s a Poor Business.
- True Glory Lies in bringing value to many unprivileged people
- If u think, U can do something, and if u think you cannot do something… In both the cases u r right.
- Bet on Yourself.. Ask Yourself.
- While Explaining that It is tough to do Business in initial Years, And then is easier. He shared that The Times are Tough when you are a Baby. When you Grow up, You develop muscle Be Quick!! Whoever will do it fast will rule the roost tomorrow.
THINK GREEN:-Facts about ITC that were Shared
- Only Company in the world which is Carbon Positive and Water Positive.
- Leeds Certified Greenest building in the “World”, ITC Hotels Office.
- All ITC hotels are Leed platinum certified which also Translates that ITC chain of Hotels are the GREENEST Hotel chain in the World
CONVICTION AND CLARITY
- When asked about the Future…He mentioned that I can SEE it very clearly and based on that we diversified. Apart from Conviction in his Idea/product, An Entrepreneur should be clear of where his company would reach in next 5-10 years. It should be Crystal Clear.
- ITC was told to sell hotel as international player by Top Consulting firms that when Foreign Chains would come in the entire Business would be wiped off. We had the Conviction in our Business and the clarity of what and how we wanted to do. Results are there for all to see.
Mr Deveshwar was asked, His Company is doing lots of Corporate Social Responsibility Projects. Is this because they feel guilty of being in Tobacco business?
He answered,
- I didn’t start it.
- If I don’t do, somebody else will.
- If ITC was not in the cigarette business. Then people would not stop Smoking
- If we Ban it in India….Then people will start smuggling which will even hit the State and Central Exchequer and only the Smugglers would benefit and nobody else.
LIGHTER MOMENTS
- Don’t challenge your competition. Let them sleep.
Disclaimer::Please note these views are mine and have been gathered from what I heard. The Words I have used are not the Exact Words that were used by Mr Deveshwar, but my interpretation from what I heard and Understood. He did not mention any other Brand’s name…..The Same has been added by me for easier understanding.
All Images have been Sourced from Google.com
It is said that only a Wo…
It is said that only a Women can understand a Women.
Also realised that …. “Only an Entrepreneur can understand an Entrepreneur!!…….. GST
When you see 100% Occupan…
When you see 100% Occupancy at KFC on a Tuesday afternoon…..you realise that people are Shedding their Inhibitions of Mangalwar and other Vaars quite Blatantly!!
You can Sense the Aroma of Coffee when it is being Brewed……
Image Source https://www.facebook.com/surfexcelmatic
Yes……We sense things when they are about to come……..The Peacocks Dance before Rain, The Birds start chirping before Storm, Animals run Helter Skelter before an Earthquake comes and many many more.
Similarly, we humans can see what’s about to coming from the environment and developments around us.
If it’s Rains while going home we expecting that Pakoras would be ready when we reach home, after a Good Quarter Results, We would expect that the Boss would treat us for a Beer today and When India Wins an Exciting Cricket Match we know that the first half of the office time would be devoted to VVS Laxman’s Batting and Munaf Patel’s Bowling …… Some times it’s true and Some Times…It is not. But we don’t stop Assuming.
When I was a Student, I noticed an over flow of Advertisements on TV and Magazines of MS Shoes, owned by one Pawan Sachdeva. After a Month, MS Shoes East Ltd. announced its IPO. And then, I could understand that a base was being created by them through this mass Advertising.
After that, I started to preempt things by the happenings around and most of them came true.
This Sunday while watching “Ek Tha Tiger”, I saw a Long ADVERTISEMENT of a Finance and Brokerage company Motilal Oswal Securities Ltd. This looked strange as I read a week before that most of the Brokerage firms are gasping for breath in this kind of Markets. Before I could finish gasping on such a long, well made advertisement by a MOSL, another one appeared. This time by Birla Life Insurance Ltd.
http://www.youtube.com/watch?v=0OCwisDoBWE&feature=plcp
And I looked at my Wife who also happens to be a “Certified Financial Planner” and asked “Is there something we are missing or is there something Cooking that we just got whiff of?” She nodded in affirmative.
A Person whom I always admire is a Friend’s father…and he use to taught me that…”Agar kaam karna hai to Seengh Ghusa do”, Literally means….If you want to do or learn any new work, then Put your horns inside and start Participating/Observing, Playing and get the Knowledge”. When the time is right and the Game is BIG, Then only the players who are in the field will WIN and not the ones who are outside and are contemplating to enter then.
Similarly, MOSFL and BIRLA has realized that this is the Right time for an upswing and the earlier they start getting refreshed in their customers mind, the better.
They surely know something that we don’t do.
And then it stayed on in my mind and I realized some more points in favour of a long awaited uptrend in the Indian Economy and Stock Markets.
Image Source:Central Chronicle and IBN Live. Design And Execution-Self
(Interest and Intent Quote Borrowed/Learnt from Alok Rodinhood Kejriwal)
- Mr Pranab Mukherjee being elevated as the President of India and Mr Chidambaram being the New Finance Minister has brought a smile to many a face. Especially one related to Indian Industry and Commerce. A Friend of mine privy to some government happenings mentioned that the Finance Ministry officials have been asked to pull up their socks and start performing…Which means, Controlling the Inflation, Increase Investments and not Savings, Making Changes to optimally utilize the Assets under Governments, Scaling up Disinvestment in PSU’s, Requesting Banks to issue more Consumer Loans etc etc. And the Good News is that it has started happening. Hopefully the results would be out soon.
Image Source:www.financialbuzz.co.uk
- After the Mutual Funds were introduced in India, more than a decade back to 2008, Mutual Funds have consistently given 15% Tax free (if sold after 1 year of buying) Returns on an average till 2008. And then it dropped after the momentary downtrend in the World Economy as well. In India whenever anything goes wrong; many Naysayers crop up and give the Suggestions which are not required. Unfortunately, these are the people sitting on various panels like SEBI, IRDA, TRAI, AMFI etc etc.
And they concluded that the 2% Entry Charge Levied on the Investor is uncalled for and hence issued a diktat to abolish it and in turn leaving lakhs of Mutual Fund Agents unemployed.
Mobilising Money for MF was no longer a Lucrative Option and agents showed Little or no Interest in mobilizing money. This lead to people to SAVE in Fixed Deposits as people finds it easier to invest in a Fixed Deposit in absence of an agent.
What we people need to understand is that Savings and Investment are not the same.
Image Source:chughsecurities.com
At Current rates pre tax deduction, we get 8% in Fixed Deposit, which is Even 1 percent less than current inflation rate.
Coming back to my point….in a recent meeting of Aug 16, SEBI in his ORDER has allowed AMC’s to charge extra from investors and in turn incentivize the Mutual Fund Agents. Frankly Speaking…Consumers were never affected by removing the Entry load, so they would not even Crib when it is levied. This development may again motivate the MF agents to mobilize more money for the AMC’s..
More money would mean more Cash Flow for AMC’s which they WILL have to Plough back in market by buying Stocks which look attractive by the recent hammering. More Buying Should/Could/Would lead to markets looking upward and recreate the interest of retail investors who are waiting in the wings with cash to Invest as and when the Market Sentiment Changes.
The Title of this Blog Says “You can Sense the aroma of Coffee when it is being Brewed”. I mean to say that with these developments, I can smell a Strong Bull Run Coffee being brewed, But Are we prepared to relish it?
If what is Stated above Happens….I want to call it “”Bull Run Coffee””
Image Source:http://heavytable.com
Disclaimer:: I am not an Expert in Financial Markets and what I have written here is just based on my Observations. I could be totally Right, or totally wrong. I have written this Blog, just because I felt like expressing my views on this.In January, earlier this year, I wrote a Similar Blog Why February 2012 is the Best Opportunity to Invest!!. Which did not Work. When I posted the Blog, Nifty was at 5190, and touched a High 5564 of and a Low 4849 to reach 5384, where it is today.
Eureka Moments …
Eureka Moments are more Effective and Enlightening than Long Brain Storming Sessions!! GST
“Gurgaon EXPRE…
“Gurgaon EXPRESS Way” is just Becoming a WAY now. ExPRESS has got DE-PRESSED”
If it is DIFF-icult then …
If it is DIFF-icult then try some thing DIFF-erent!! GST
Pyara Sa Kabab Addiction
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