Tuesday, March 31, 2009

Advertising
Advertising is a form of communication that typically attempts to persuade potential customers to purchase or to consume more of a particular brand of product or service. “While now central to the contemporary global economy and the reproduction of global production networks, it is only quite recently that advertising has been more than a marginal influence on patterns of sales and production. The formation of modern advertising was intimately bound up with the emergence of new forms of monopoly capitalism around the end of the 19th and beginning of the 20th century as one element in corporate strategies to create, organize and where possible control markets, especially for mass produced consumer goods.

Mass production necessitated mass consumption, and this in turn required a certain homogenization of consumer tastes for final products. At its limit, this involved seeking to create ‘world cultural convergence’, to homogenize consumer tastes and engineer a ‘convergence of lifestyle, culture and behaviours among consumer segments across the world’.”

Many advertisements are designed to generate increased consumption of those products and services through the creation and reinvention of the "brand image" . For these purposes, advertisements sometimes embed their persuasive message with factual information. Every major medium is used to deliver these messages, including television, radio, cinema, magazines, newspapers, video games, the Internet, carrier bags and billboards. Advertising is often placed by an advertising agency on behalf of a company or other organization.http://en.wikipedia.org/wiki/Wikipedia:Citation_needed ]

Organizations that frequently spend large sums of money on advertising that sells what is not, strictly speaking, a product or service include political parties, interest groups, religious organizations, and military recruiters. Non-profit organizations are not typical advertising clients, and may rely on free modes of persuasion, such as public service announcements

BSNL

BSNL is in the process of commissioning of a world class, multi-gigabit, multi-protocol, convergent IP infrastructure through National Internet Backbone-II (NIB-II), that will provide convergent services through the same backbone and broadband access network.

The Broadband service will be available on DSL technology (on the same copper cable that is used for connecting telephone), on a countrywide basis spanning 198 cities.
In terms of infrastructure for broadband services NIB-II would put India at par with more advanced nations.

The services that would be supported includes always-on broadband access to the Internet for residential and business customers, Content based services, Video multicasting, Video-on-demand and Interactive gaming, Audio and Video conferencing, IP Telephony, Distance learning, Messaging: plain and feature rich, Multi-site MPLS VPNs with Quality of Service (QoS) guarantees.

The subscribe will be able to access the above services through Subscriber Service Selection System (SSSS) portal.

Customer Service Outsourcing Services

A company's decision to outsource customer service is based upon many considerations. Customer service outsourcing is certainly a way to free your business from the time and expense required to run an effective customer care center, to focus your talents on your core competencies.
But there are also concerns. You want your customer service outsourcing solution to be transparent to your customers. It's crucial that they feel as though they're calling your company, that they're speaking to your employees, someone who knows your products and/or services, your culture, your brand. Someone who can effectively address technical concerns and support your products.
It's vital that you're able to analyze your customer service outsourcing solution's performance, that your customer care or customer acquisition program has the flexibility to respond to unforeseen trends and call volume surges. Talk to Interactive World for creation and delivery of proven customer service outsourcing solutions.
When you outsource customer service with Interactive World, we become an extension of your company; deep training combined with talent and proven experience enables our agents to be your agents, developing a more meaningful dialogue with your customers and, with it, a longer, more profitable lifecycle.

Silver markets

Silver is one of the precious metals which was first located during 3000 to 2500 B.C. in the area of Armenia. It is unusual among the metals in the sense that most of it is not produced from silver mines. Over 75% of the global silver is produced as a by-product of another metal. Silver production is influenced by a far wider range of factors other than those relating specifically to the silver market.
Most of the silver production activity is therefore relatively insensitive to the price of silver, even though the demand for silver has surpassed supply for many years. There are not a lot of primary silver producers in the world and the world mined silver supply has been constant for years now.Modern technology have revealed the remarkable range of electrical, mechanical, optical and medicinal properties that have placed silver as the key metal in many applications today.
Silver consists of two types of markets—Physical markets, which are operated by bullion dealers, banks and commodity dealers; and the paper silver market. The London Bullion Market is the leading physical market, the global hub of OTC (Over-the-Counter) trading in silver, is the metal’s main physical market. Metal industry participants use the exchange for hedging, to protect themselves against adverse fluctuations in metal prices. In this a bidding price generates a daily reference price known as the fix.
The New York Mercantile Exchange (NYMEX) is the largest physical commodities futures exchange in the world. The exchange trades in oil, gasoline, heating oil, natural gas, propane, silver, gold, platinum and palladium. The COMEX (Commodity Exchange) division’s silver futures and options contracts are used by wide variety of market players in the silver industry to hedge price risk. Silver futures are used in investment portfolios. Options contract are not yet valid in India. Silver is invariably quoted in the US dollar per troy ounce.

Gold markets

India is the largest consumer of gold in the world. Enactment of Gold Control Act in 1962 foreboded gold trade in any form, which continued for almost 30 years. Liberalization in 1991 saw efforts to slowly revive the gold market in the country, in sync with the other sectors of economy.

Thus, since 1991, demand for gold has been increasingly met by official imports. The results are obvious in the form of reduced smuggling, unofficial premiums and enhanced government revenue, by way of customs and sales tariffs.

The increasing gold trade deserves an efficient bullion exchange in India, for which there is a need to develop an efficient spot and forwards market, sufficient liquidity, regular, safe and cheap supply system with good delivery standards are some of the prerequisites for smooth functioning of a bullion exchange.
The recent decision of the International Monetary Fund & other central bankers against selling gold for the next five years signifies the faith placed in this metal by the leading economies of the world. Gold will continue to play a decisive role in world economy in the next millennium.

Commodity trading

Commodity trading is nothing but trading in commodity derivatives (futures or options). In other words, if you are keen at taking a buy/sell position based on the future performance of commodities like gold, silver, agricultural commodities, metals, crude etc; then you could do so by trading in commodity derivatives.

Commodity derivatives are traded at the commodity exchanges. There are currently 2 major commodity exchanges NCDEX (National Commodity and Derivative Exchange) and MCX (Multi-Commodity Exchange).
Gold, Silver, Agri-commodities including grains, pulses, spices, oils and oilseeds, mentha oil, metals and crude are some of the commodities that the exchanges deal in.

History of Insurance in India

Insurance in India has its history dating back till 1818, when Oriental Life Insurance Company was started by Europeans in Kolkata to cater to the needs of European community. Pre-independent era in India saw discrimination among the life of foreigners and Indians with higher premiums being charged for the latter.

It was only in the year 1870, Bombay Mutual Life Assurance Society, the first Indian insurance company covered Indian lives at normal rates.
At the dawn of the twentieth century, insurance companies started mushrooming up. In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed to regulate the insurance business.

The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. However, the disparage still existed as discrimination between Indian and foreign companies.
The oldest existing insurance company in India is National Insurance Company Ltd, which was founded in 1906 and is doing business even today. The Insurance industry earlier consisted of only two state insurers: Life Insurers i.e. Life Insurance Corporation of India (LIC) and General Insurers i.e. General Insurance Corporation of India (GIC). GIC had four subsidiary companies.
With effect from December 2000, these subsidiaries have been de-linked from parent company and made as independent insurance companies: Oriental Insurance Company Limited, New India Assurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited.