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Thursday, August 31, 2006
Indian Airlines
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Wednesday, August 30, 2006
Global Behemoths like Wal-Mart and Carrefour
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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Tuesday, August 29, 2006
Shopping
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
Saturday, August 26, 2006
BITTER CHOCOLATE
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Friday, August 25, 2006
Skyhigh Petrol Prices
Be it Los Angeles or London, New Delhi or Sydney, dinner conversations inevitably turn into a 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.
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Tuesday, August 22, 2006
__, BORROW, STEAL
In the sweltering heat in a hot summer afternoon in Delhi at a traffic signal junction, people instantly look for cover the moment they come out into the open. For the calculated moments that those bright spots of lights make caravans wait, some feet spring to life. In their hands they carry books and periodicals celebrating the bold and the beautiful. Displaying them in the best possible manner, people waiting for the green light are implored to dig into their pockets. Combining suitably the elements of begging and marketing, these market beggars with their sun-baked and charred faces seemingly do not feel the heat. Ironically, the periodicals that they carry might have a columnist spewing venom at the government’s ignorance to child labour issues.
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Monday, August 21, 2006
Space Exploration
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Friday, August 18, 2006
It’s quid pro quo…
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Monday, August 07, 2006
IIPM-B&E Article:- YOU MISSED M&A CLASS, RICHARD!
AVIVA IS TAKING A RISK BY PAYING TOO HEFTY AN AMOUNT TO BUY AMERUS
When escapades are eternally accursed, no matter what you do, there’s little that can effect a good outcome. Right from Aviva’s infamous beginnings in 2000 by the merger of the fraudulent CGU with Norwich Union to its overhyped $31.4 billion bid for UK’s insurance giant Prudential in March 2006, its credentials have always been doubted! But the wounded tiger is on the prowl and has its eyes currently set on the USbased life assurer, AmerUS. Despite having just $2.52 billion cash in its kitty (as on December 31, 2005), it has declared a consideration of $2.9 billion for the buy on July 13. Excluding debt and internal accruals, it has raised $1.66 billion through a share placement for the acquisition.
Richard Harvey, Group CEO, Aviva states the deal “provides the platform for significant profitable growth.” With 77 million Americans set to hit retirement age shortly, the deal looks positive in the US long term savings market. But analysts are questioning the wisdom behind the move as share prices slipped to a 7-month low to close at 691 pence on July 16, 2006. Kevin Ryan, analyst, ING critically comments, “They have gone for it (AmerUS) as Prudential was not available.” According to the concept of European Embedded Value (EEV) – a measure of a life insurer’s worth to a shareholder, Aviva is paying 1.9 times EEV for AmerUS, which is much more compared to the 1.6 times EEV that was paid by France’s AXA for Winterthur. So is Aviva paying too much? Well, certainly they are; but then perhaps they feel there won’t be a third time. Now wait! Is Aviva reinsured?
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Tuesday, August 01, 2006
PIRATES? WORSE...
Far from being sword wielding robbers with eye-patches, bandanas and shrieking parrots atop their hands, the perpetrators of modern sea piracy are perhaps more menacing. And the areas that they threaten equals a potential two thirds of the globe! As for the exactitude, the second busiest sea route – the Indian Ocean – is the most vulnerable. The International Maritime Bureau contends that the ‘maximum danger area’ stretches from the Yemeni to the Somali coast, and further from the Strait of Malacca to the South China Sea.
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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