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The thrill is back: And big-buck endorsements |
When
Maria Sharapova won this year's us Open (her second Grand Slam
win after Wimbledon, which she won in 2004), she not only disproved
critics who had been suggesting that her first win was a flash
in the pan, but also upped her earning potential (she earned a
reported $25 million, Rs 110 crore in 2005) considerably. When
Sachin Tendulkar scored 142 in his recent comeback match (after
missing 13) against the West Indies recently, he achieved something
similar.
Sports writers have gushed about the determination
he displayed during the knock, his strokes, and his hunger for
runs, undiminished for someone who has played 364 one day internationals
(ODIs) at the time this magazine goes to press. However, the past
few years have not been kind to Tendulkar and at least some people
were beginning to write him off as a spent force. And while endorsement
deals didn't exactly dry up for the man, companies started looking
at alternatives. In recent times, the Indian cricket team's captain
Rahul Dravid has been the most visible cricketer in terms of endorsements,
followed by the troika of Mahendra Singh Dhoni, Virendra Sehwag,
and Tendulkar.
The 142 (fine,
142, not out) will surely change that. Akin to a brand that has
had its core values reinforced (either through a makeover or a
promotional activity), Tendulkar's stock among advertisers and
marketers is set to soar.
With the Champions Trophy (scheduled for
next month, and to be played in India) and the Cricket World Cup
(mid-2007, in the West Indies) just around the corner, companies
will likely increase their marketing and advertising spends around
cricket and a reinvigorated Tendulkar will surely benefit from
that. He couldn't have timed the 142 better.
NUMBERS
OF NOTE
35: The
number of days it takes to start a new business in India today
compared with 89 days in 2004
2,000: The
number of Infosys employees out of a total of 60,000 who are of
non-Indian origin
164.31 million:
The current telecom subscriber base in India; of these, 123.44
million are mobile phone users
25 per cent:
Proportion of managerial positions in PepsiCo held by women,
up from 22 per cent four years ago. Six of the company's top 12
execs are now women or belong to minority communities
330 million:
The number of people in Asia who live on less than $1 (Rs
47) a day
350,000: The
number of Britons who leave their country every year, up almost
50 per cent from 10 years ago. At least 4.5 million Britons-about
8 per cent of the population-now live abroad
240,000: The
number of eye surgeries Madurai's Aravind Eye Hospital performs
in a year
1,420: The
average number of days it takes to resolve a court case in India,
according to the latest World Bank-International Finance Corporation's
'Doing Business 2007' report
56: The
number of steps litigants need to go through in India before a
case can be completed, according to the same report
35 million:
The number of diabetics in India
Rs
3,000 crore: The estimated loss to the Karnataka government
from illegal mining in Bellary
$3.4 billion:
The amount which pharmaceuticals giant GlaxoSmithKline Holdings
(Americas) will pay to the US Internal Service in the largest
tax dispute in IRS history. The dispute involves inter-company
transactions between Glaxo and some of its foreign affiliates
relating to various GSK pharmaceutical products
£25
million (Rs 217.5 crore): The estimated size of the fashion
industry in India
NOTED
UNVEILED:
By India's Finance Minister P. Chidambaram, an alternative
reform plan for the International Monetary Fund that revolves
around giving countries voting rights commensurate with their
gross domestic product adjusted for purchasing power parity. Chidambaram's
proposal is a response to a suggested reform of the IMF, put forward
by its MD Rodrigo de Rato that would have increased the voting
rights of China, Mexico, South Korea and Turkey (India was excluded
from this).
ADDED: By India,
5.9 million mobile subscribers in August, the highest in the world
(China did 5.19 million). At the end of August, India had 116.5
million mobile subscribers. This is the first time since the onset
of cellular telephony in India in 1994 that the country is adding
more subscribers than China.
PROPOSED: By
the Indian government, a test centre that will test the products
being sold in India by telecom equipment providers from countries
such as China to check for what are called 'back-doors' in tech-lingo,
that can help the company monitor networks, impact their performance,
even bring them down should relations between India and their
country of origin suffer.
REVEALED: By
German car major, BMW, its plans for the Indian market. By February
2007, the company's facility in Chennai will start rolling out
3 Series models for the Indian market. By June, the plant will
roll out 5 Series models as well.
LAUNCHED:
By Bangalore-based Biocon (Chairman and Managing Director, Kiran
Mazumdar-Shaw, below), a biotech cancer drug, Biomab-EGFR. This
is the first of eight drugs being worked on by Biocon and CIMAB,
a Cuban firm. The two companies have an India-based joint venture,
Biocon Biopharmaceuticals in which Biocon holds a 51 per cent
stake and CIMAB, 49 per cent.
APPOINTED: By
Air Sahara, audit firm Ernst & Young to help restructure its operations
and frame a five-year strategy. Meanwhile, at the time of going
to press, the Mumbai High Court had adjourned hearing an arbitration
petition filed by Jet Airways over its failed deal to takeover
rival Air Sahara.
FDI:
'INDIA NOT CATCHING UP WITH CHINA'
Developing
Asia attracted a record high of $177 billion in foreign direct
investment (FDI) inflows in 2005, by far the highest emerging-market
regional total, according to World Investment Prospects to 2010:
Boom or Backlash by the Economist Intelligence Unit and the Columbia
Program on International Investment (CPI). The report said "China
was far and away the main FDI recipient among emerging markets
and will attract almost $87 billion this year." India has
yet to build a critical mass in FDI, adds the report.
SHOOTING
WITH SANTA
Look
closely and you will find Swiss cow bells hanging in a lot of
homes. And if you ask, you'll find, more often than not, that
these families have all travelled to Switzerland after seeing
Yash Chopra's blockbuster Dilwaale Dulhaniya Ley Jayenge. Rakesh
Roshan had the same effect on Indian tourists after he shot scenes
of Kaho Na Pyaar Hai in New Zealand.
Recognising the spin-off potential for tourism,
the Finnish Tourism Board is making a second attempt at promoting
the country as a destination for Bollywood films. The board is
planning to invite a delegation of top Bollywood producers and
directors to visit Finland and familiarise themselves with the
country-reindeer sleighs, igloos, the midnight sun and a date
with its most marketable citizen, Santa Claus.
"The earlier attempt did not materialise
in attracting Bollywood because the board wanted us to suggest
the sops that we were looking for," says Bollywood producer
Vashu Bhagnani, who was part of the delegation that visited Finland
last year. "Places such as London have succeeded in becoming
favourites with Bollywood producers and directors because they
have offered us substantial sops for shooting at public locations,"
he says.
-Shivani Lath
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