Can google sell lucknowi suits online

Lucknowi suits are much in demand and there are lots of websites selling lucknowi suits online. some of them are like lucknowisuits.com (chikankari heavy work mukaish anarkali suits), Dress365days.com (online portal), lucknowichikan.in and Kurtipatterns.com

Google also started its online store selling stuff. Lets See when google starts selling apparels.

Origin of Chikankari  

There are several theories about the origin of Chikankari. Chikankari - the process of chikan - was basically invented in Lucknow. It developed quickly during the period when the Mughals ruled and consisted of styles inspired by Persians. Lucknow grew into an international market for its renowned Chikankari work. There are references to Indian Chikan work as early as 3rd century BC by Megasthenes, who mentioned the use of flowered muslins by Indians. There is also a tale that mentions how a traveler taught Chikankari to a peasant in return of water to drink. However, the Noor Jahan story is the most popular of the lot. The name Chikan has been derived from the Persian word Chakin or Chikeen meaning a cloth wrought with needlework

Source: Wikipedia

Rule of 3...

I can imagine those days when people used to travel in caravan for doing business. It takes 4-5 days for 100miles journey. Things have changed afterward when in 1893 Duryea brothers launched the first one cylinder automobile in US. They created blue ocean in automobile industry. After that Henry Ford introduced new design car Model T that was in black colour only and without any delay General motors came up with passenger car in different colours with more comfort. Competition started thereafter and many more players jumped into this industry. Automobile industry has evolved with lot of technological innovation that gave comfort to end consumer. Many players came up over the years Nissan, Toyota, VW, Hyundai, Chrysler and they had enjoyed the fruits of the rally that primarily led by demand rose globally. But with the rising competition and slowing pace of innovation, this industry is challenged by time and again.

Over the years, these companies built themselves in terms of production capacity and resource pool across geography. But all of sudden, subprime crisis that turned into financial and liquidity crisis gulped down the demand from the market. US automobile industry witnessed negative growth i.e. more 13%. All the three big giant Ford motors, General motors and Chrysler on the verge of bankruptcy. To survive, the only hope left is consolidation. That in turn will reduce the operating cost and other overheads too. Those who managed to diverse globally with fuel efficient technology are still surviving but the global meltdown like this, companies have no other option but to consolidate.

The key thing here is Innovate or Die. Those who continued to innovate and have a leading edge will be merged during the crisis time and for those who shortfall in their competency matrices will die. 3 players will be there in any industry in long run.

The reason is very simple. Consolidation in tough times gives birth to monopoly. But over the long run, new players come up when the tough time eases out and again perfectly competitive market creates. It’s a very cyclical in nature. Tough time brings consolidation that compounded further to convert in monopolistic market and monopoly in the system gives an opportunity for players to come and set up their shop.

Future of Financial Services providers...

Rising income and burgeoning demand of middle class all across the globe coerce financial services providers (FSP) to reset their products portfolios and channel management. Further, the soaring competition within these FSPs force them to retain and grow their customers base. To meet these business challenges FSPs want to come up with more robust platform to support their clients with the help of IT service providers

After 1979 recession, financial sector had boomed in US. The whole financial services industry had taken precautionary measures to avoid such situation. Thanks to technological enhancements, most of the companies built themselves over the years and showed robust growth on charts. But time and again, Market tests sporadically and this time severity of the problem was more than expected

Business is always on top priority, technology is just an enabler.

In this dynamic world technology play a crucial role to help business. If we look out at financial services providers, the damage that has done, is huge. Many Financial Services Providers (FSPs) filed bankruptcy, merged and taken over by their rivals. In the same time, investors, shareholders have lost their hard earned money in blood bath of the market. We can’t point out a single individual or company or organization to blame, it is the greed that played a crucial role in submerging the entire ship.

Greediness in housing market- People were getting huge returns 25-30% in property that in turn attracted them to purchase multiple houses. Investment banks and hedge funds also saw lot of opportunity of minting money in this whole process. Investment banking companies leveraged their positions by more than 30x. US mortgage providers, Fannie Mae and Freddie Mac, also can’t be away from it and they leveraged their position by 70x . But sudden rise in interest rates and predatory lending and predatory borrowing causes the whole market collapse within a year When the crisis started, liquidity became a problem for investment banking companies and because of liquidity crunch, they collapsed over night.

Doom days are in ?

Every wrong thing starts from greed and that leads companies to leverage their position. This is exactly happened in US. Subprime crisis was the result of leveraging , expose more , what big giants, now and will never think. Everything started affecting, from collapse of some big companies- Lehman brothers, Bear stern , Morgan Stanley - to rising commodity prices, recession in the economy. So many job cuts all across the globe. The question here is :-

What is the future?
and where are we heading to ?

Simply, we are heading nowhere. If Fed can overcome by this crisis, what will be the next? Credit default? yes, I am talking about credit card default payments. what do thing people will pay money without having jobs. So many job cuts will certainly have an impact of these credit card providing companies. People are carrying 25 odd cards with enough credit limit. Can you understand the severity of the problem.?

Then what is the solution?

To avoid credit default, Credit card companies must manage their databases effectively. For that their systems must be in sync with the latest updates. Any transaction done by any user should be indicated , that level of Technology is needed. It will help Card companies to understand their customers well.

Lehman brother bankrupts

Lehman brothers bankrupts, Big turmoil in the US economy and even rest of the world. Lot of information and news spread all across about 158 years old giant and global economy. The whole financial sectors affected and analyst started predicting about future. It's a routine now, when something happens, lot of hue and cry starts.

"You can't call it a company anymore, it's more of global economy unto itself." People said like this.

What do you thing $619billion debt? Is it that large enough to melt down the whole economy?

Nobody knows the futures, but after fall of Lehman brothers, Laws are going to be very stringent. The role of risk professionals are very important. And there are opportunities for those who wants to pursue Financial Risk Professional Course.