It’s expansion time at Marico! After SEBI recently gave a green signal to the Qualified Institutional Placement (QIP) route of raising funds, the FMCG major has quickly hopped on to this route to finance its latest acquisition plans. Marico, has raised Rs.1.5 billion through the issue of 2.9million fresh equity share on private placement. Pricing its offering at Rs.522 per share, the company is the first to raise equity through the QIP route. The issue, which opened on November 30, was over subscribed3.4 times. Kotak Investment Banking and Citigroup Global Markets were the joint global coordinators and joint book runners.
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Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
DRIVING HOMO... ER, HOME THE POINT OF BOND'S BONDS
the epicenter of the colossal change brought in the Indian two-wheeler industry, so much so that today their company owns a staggering 52% of the Indian two-wheeler market, and is the world’s single largest two-wheeler company by volumes. Today, the erstwhile bicycle company has six different models in its range of nine product diversifications with the Splendor becoming the most popular motorcycle of all times (across the globe) selling more than a smashing 1.3 million units in the year 2002.
with finer portability is what Samsung is offering you this time. Samsung’s P310 is all about style with a chrome and black exterior. The handset’s novel design is all set to lure professionals who believe in creating a chic style statement. Priced at just Rs.21,499, what’re you waiting for? Grab this slim gadget and carry it with class!
make merry by digging deep into this 3-million passenger market to and from India, a market which is slated to grow by 10% per year. Well the competition seems to be very much on the cards as another airliner from India, Kingfisher Airlines, is also gunning to follow suit as reported by sources. But what these hitherto domestic competitors can do in the international aviation arena, remains to be seen. For Indian flyers, more and more options are opening up. So, ladies and gentlemen, please fasten your seat belts!!
it comes to American companies losing billions of dollars of business, they had been successful to force their Presidents to make sure that sanctions become just a lip service, whereas everything else goes on as usual. Otherwise has anyone ever wondered whether it has ever happened before (or later) in the American history that even when sanctions remained, the American president (Read: Bill Clinton) was in India and busy dancing with the pretty women of Rajasthan, to keep his Indian counterparts happy? Well that’s the magic and lure of an $800 billion economy. Just keep going to keep them at bay.
indulging in criminal activities that range from stealing spare parts to committing murders even. The American Motorcyclist Association holds that such bad blood in the hood comprises only one percent of the motorcycle enthusiasts, and thus aptly so, clubs like the Hells Angels Motorcycle Club and The Bandidos are largely called the 1%’ers. It’s the free spirit that these bikers endorse and that has prevailed through space and time. A lifestyle embalmed in movies like T e Outsiders, and the unforgettable ‘The Fonz’ from the Happy Days TV show; you can even witness the lifestyle (if not the bike) in your own cities, when on misty winter mornings, from Coimbatore to Kolkata and Pune to Patiala, the ‘cruisingcruisers’ come thundering in...
businesses, including asset management, equity broking, commodity broking, fixed income broking, investment banking, equity financing et al, which contribute inflows to a head other than sales (for example, into a factor like other income, say, through dividends). Ergo, the company in itself doesn’t have a particular business to undertake, but only portfolio investments to manage, consequently earning from either the capital appreciation, or through some kind of corporate remittances. Surprisingly again, for the second rank, the PtS ratio churned out another relatively lesser known company, D. S. Kulkarni Ltd, which is primarily a real estate developer, but also has invested in various other industries like IT and chemicals etc.
Networth Stock, averred, “They are aiming at the production of 15 MMT by 2010 from 5 MMT presently. Also, the company has started ensuring availability of raw material supplies before going for expansion.” Indeed, ensuring raw material supply is of critical importance when there is a resource crunch. By 2015, the company plans to have a war chest of 30 MMT. Even SAIL is feeling the heat of the consolidation boiler. Medium-sized players like Jindal, Essar, Ispat and others have also announced more than Rs.300 billion for expansions. The plans look good, but are Indian players also playing the consolidation tune? The answer is yes, but consolidation is happening at a very slow pace currently. A case in point is the dragon zone, where the Indian players have a miniscule presence.
public sector style of functioning, marked by employees barely being able t stifle their yawn during working hours, to a really modern bank, competitive enough to make every other bank run hard for its money – it has been a long battle that SBI carried out quite admirably. Today, the company’s results are simply outstanding; gross NPAs have declined sharply from 11.95% in March 2002 to 3.88% in March 2006; and its capital adequacy has moved up by several notches to 11.88%, a figure that is comparable to the best banks across the globe. As of June 2006, over 3,372 branches were under the ambit of core banking; and internet banking is being provided at 3,544 branches covering 650,000 users. Interestingly,
a melody as innocuous as our national song could possibly provoke any measure of outrage; a forceful rethink proved to be on the cards as the supposed centenary of Bankimchandra Chattopadhyay’s Vande Mataram presented itself last week. I’m sure you’ve heard, seen and read plenty of the controversy already, weighed the pros and cons of the matter too – was the HRD Ministry correct in circulating an order to schools mandating a rendition of the song on Sept. 7;
proclaims Bollywood actor Hrithik Roshan in the latest promotion of the much hyped, upcoming Yash Raj film Dhoom-2. The movie promises to edify all that the original blockbuster Dhoom stood for and wow audiences with high voltage drama, death defying stunts and breathtaking visuals. The promos take you from speeding trains to rush hour traffic to cliff hanging sequences within seconds. While this is instant déjà vu for the fans of Dhoom, a section of you might be wondering, “Where are those bikes?” The Hayabusa 1300s and GSX R600s of Dhoom in fact captured the fascination of the youth and induced a sense of nomad biking fever in them. The movie was followed by an unprecedented surge in aspirational value for the motorbike. But it seems that the game ‘is’ over for those mean machines, at least in the Dhoom sequel. Let’s move on to the real world now.
Chughtai’s short story ‘Gharwali’ and starring Kareena Kapoor and Aamir Khan, ‘Lajjo’ will commence filming in November 2006. It is a movie that derides the institution of marriage – like the recently released KANK – and that renegotiates the manwoman relationship, one where the woman philanders. Now, in an uphill progression, the Indian audience is coming around to the idea of paying to see their favourite stars in movies that are experimental; that lack forced song-and-dance sequences (oft en times in the rain) and without hackneyed dialogue (of course ,filmmakers still feel compelled to include at least one juicy dance number).
lament about skyhigh petrol prices. Ascending numbers at the gas pump have become a horrifying fixture in the economic thinking of consumers worldwide except the lucky chaps in oil producing nations, where a full tank can still be had for small change. Unfortunately, this does not apply to the two leading economic locomotives in Asia – China and India. Both nations are almost fully dependent on oil imports to keep the cars honking and the industry humming. Projects to broaden the use of alternative fuels have not ascended above the line of marginality yet. Not that nobody was trying hard. Biofuel production is becoming a priority fast.
onlookers globally. Another cutting philosophy supporting withdrawal of governments from investing in space travel, is that the money could be better spent on social development; more so as the oft touted claim – that other planets would provide access to huge amounts of resources which will benefit humanity – has never seen the light of space! And while critics portray the future foray as a repeat of colonial expeditions of the 15th & 16th century, the democratisation of space is not possible without reducing the cost of launches, which would necessarily come through private participation.
