DANCE OF ECSTASY?

Although India and Turkey signed their first bilateral trade agreement in 1973, the relationship between the two countries dates back to 1948 when India helped Turkey in establishing its first ever bank, Isbank. However, it was only in the 90s that trade, especially Indian exports to Turkey, have shown a marked growth. The two nations have witnessed bilateral trade figures bloating up to $1.2 billion in FY05-06 (a rise of 40% over FY04-05). The main items of trade include organic chemicals, cotton, synthetic fibre, plastic articles. But even after this, the total trade between India and Turkey is only 0.48% of India’s the total trade. And this is because both India and Turkey produce a similar basket of export items. Still sectors such as textiles, pharmaceuticals, engineering, railway construction, IT and auto components provide untapped potential for trade. Indian companies like Punj Lloyd, NEPC India Ltd., Vardhaman Polytex Ltd., ISPAT Karmet, Dolphin International Ltd., Ashok Group of Companies, Indian Oil, State Bank of India et al have presence in the land of Turks.

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Source:- IIPM Editorial

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Multinational companies are suited to serve as intermediaries in the global tier

Multinational companies are suited to serve as intermediaries in the global tier, but local firms are better able to cater to the other tiers. For example, multinational banks serve large blue-chip customers in emerging markets because evaluating those companies’ trustworthiness is relatively straightforward. Those businesses produce high-quality financial statements, get them audited by globally reputable accountants and follow international accounting norms. However, evaluating the credit of small and medium enterprises is tough: There’s so little data on them. Domestic banks, with their local knowledge and informal connections, cater to this segment better than foreign banks do.

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Source:- IIPM Editorial

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Le Faucon Maltais– 261,361 INR – 435,613 INR

Le Faucon Maltais– 261,361 INR – 435,613 INR

In 1941, a mystery movie was released with all the ingredients of drama and chilling suspense. Knights Templar, a stolen precious Maltese falcon and a helpless lady client who needs the help of the now legendary Humphrey Bogart. The Maltese Falcon launched itself in the Film Noir classic category in John Huston’s directorial debut instantly. Auctioned by Christie’s, this linen-backed poster is of the French version of the movie and a definite keepsake. (Did we hear people tearing off film posters from city walls for future insurance?!)

Orange Marmalade 435,613 INR

The word’s most expensive jam costs nearly Rs.6,950 per slice! Made by Duerr & Son to mark the founders’ 125th birthday, this exotic orange marmalade is made of vintage champagne of France, edible gold leaf, rare Dal more 62-year-old malt whisky – one of the most expensive whiskies in the world – and the sweetest of oranges. Bon appetite indeed, except the price tag may be a bitter pill to swallow!

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Source:- IIPM Editorial

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