Los Angeles has a spirit that revives itself every year!

Like Al Pacino declared to the world in Scent of a Woman, I too ‘...have been around, you know!’ from coast to coast and everywhere in between but having seen it all, I can safely say that there is no place like Los Angeles... and not so much because it happens to be home to the rich and famous and now, poor old me too, but because there is truly something magnetic about LA in general and Hollywood in particular. In fact, speaking of Hollywood, this land of silver screens and golden dreams is perhaps the most enchanting place on earth where everything is surreal, including the sunset and yet as real as the back of my hand.


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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Most of the American citizens do not earn enough to shell out for the costly premiums of healthcare insurance

Even for America’s bete noire Cuba, healthcare has been a shining achievement of the country’s long-running socialist regime. Cuba has been more than successful in providing cheap and quality health cover to its 11 million citizens (it’s constitution under Article 50 empowers its citizen to have universal and free healthcare). With about 60 doctors per 10,000 population, Cubans enjoy the highest life expectancy in the whole of Latin America (about 77 years). The United Nation’s erstwhile Secretary General, Kofi Annan, recently complimented Cuban Healthcare System, calling it ‘world’s best public services’.

It would then be worthwhile for the American administration to emulate Cuba or Canada for ameliorating the plight of its hapless citizens.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

A rolling Ramoji gathers a Blackstone

What can be called the biggest equity investment in the Indian print media sector, Blackstone Group, a global private equity firm is investing $275 million (approx. Rs.12.38 billion) in Ramoji Rao's Hyderabad-based Ushodaya Enterprises Limited (UEL). UEL has a leading Telugu daily Eenadu and ETV network, under its umbrella. As per the agreement, Blackstone will have a representation on the UEL board. The deal has to get a green signal from the Foreign Investment Promotion Board and the I&B Ministry, and will put UEL’s enterprise value at $1.06 billion. While Ramoji Group will raise another $190 million through bank financing, Blackstone is reportedly also in talks with NDTV group for a stake in NDTV Networks.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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...and now, it is a show by the dynamic Birla!

The shareholders of Atlanta-based Novelis, a de-merged entity of Canadian aluminium giant Alcan, would receive $44.93 per share as part of the deal. The companies said the deal was unanimously approved by their boards and the closing of the transaction was not conditional on Hindalco obtaining the financing. Hindalco is a leader in Asia’s aluminium and copper industries, and is the flagship company of the Aditya Birla Group, a $12 billion MNC, with a market capitalisation in excess of $20 billion. Hindalco, which is currently structured in two strategic businesses, aluminium, and copper, recorded revenue of $2.6 billion in 2006. Novelis has 38 plants in 12 countries with $8.4 billion revenues in 2005.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative