GREASEPAINT IN GREECE

Where else could the screen gods and goddesses look better than in the very land of the most beautiful pantheon from mythology itself?! Sandy beaches, clear luminous waters, rocky mountains with flowerbeds, evocative archaeological sites, tranquil countryside, effervescent nightlife… it’s all there in Greece. Particularly in its cosmopolitan and pulsating capital, Athens, the dream merchants could choose to capture for their canvases anything from restaurants, cafes, theatre galleries, high-end shopping experience, taverns, wineries or simply quiet open spaces. Surrounded by the Aegean, Ionian and the Mediterranean Seas, some of its must-stop-overs are the Mykonos, Paros and Santorini islands collectively constituting the Cyclades but each with its distinctive flavour and character ‘For Your Eyes Only’! Zoom in today...

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

LTTE

Tamils might need more recognition in Sri Lanka, but LTTE, with its unwavering violence oriented responses on the whole, has never done any good to their cause. Examples in south and west Asia have clearly shown how violent techniques to demand even justifiable rights have resulted in stand-off positions spreading over decades. Democracy has always provided the most wonderful structures for minorities to reclaim rightful privileges, and in the shortest time. Sri Lanka is surely not an autocracy, and still runs on the very tenets that democracy stands for. LTTE has been repeatedly provided the opportunity to undertake collective bargaining and democratic negotiation; offers which have been repeatedly spurned due to extremely myopic fears of losing out on territories gained till now. LTTE, and of course the Sri Lankan government, should realise that the straightforward solution to resolving the current conflict is in a few magic words – literacy, healthcare support, employment opportunities, improvements in per capita income and standards of living. Pray tell us, how tough can that be, compared to the billions of dollars wasted by both sides on war?

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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DEAL OUT, BUT CASH IN!

After its failed takeover of Sahara Airlines in June 2006, it all seemed as though Naresh Goyal’s Jet Airways is all set to lose both the deal and the money deposited in the escrow account with ICICI Bank for violating the terms of the contract. However, the Bombay High Court on September 22, 2006 allowed the air liner to withdraw the sum of Rs.15 billion with dual conditions of agreeing to furnish bank guarantees against this sum and paying-up the interest amount of Rs.1 billion to Sahara Airlines. This, however, proves a breather for Jet Airways who can now utilise the locked-up funds in new investments.


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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Indian Companies

The firm earned Rs.1.06 over a sale of Re.1 (with net sales of Rs.166 million and profits of Rs.176 million for FY06). Tata Investment Corporation Limited (TICL), clinched the third position with a return of 96 paise for every rupee sold. For 2005-06, the company had sales of Rs.1,708 million and profits of Rs.1,631 million. The structure of TICL is much similar to that of JM Financial. TICL, together with Tata Sons Ltd, is a promoter of Tata Mutual Fund. TICL is also a principal shareholder of Tata Securities – a company engaged in the distribution of mutual funds and other investment related securities.Other companies in the top 10 list include names like United Breweries (Holdings), Reliance Capital, India Infoline, Gateway-Distriparks & Jaiprakash Hydro-Power Ltd.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Indian Steel Industry

Today, the industry is characterised by strong demand growth and consolidation.” For what rationale drives the Indian steel industry in the limelight of domestic as well as overseas players? Bhavin Chheda, Head of Research, Pioneer Intermediaries elucidates, “At the moment, (gross) capacity of the Indian steel industry is just 35 MMT; (However) with GDP growth of 7-9% projected over the next few years, and on the back of big ticket investments lined up in infrastructure, power and real estate, the industry looks very promising.” In anticipation of the emerging threat ,Tata Sons decided to hike its stake in Tata Steel by 10%, raising its shareholding in the company to 30.04%, besides going ahead with a prodigious capex of Rs.700 billion.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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