Showing posts with label ECONOMIST GURU PROFESSOR ARINDAM CHAUDHURI. Show all posts
Showing posts with label ECONOMIST GURU PROFESSOR ARINDAM CHAUDHURI. Show all posts

Tuesday, October 21, 2008

Bus(c)h: SOLD!!!

20% premium makes a great sell...

Did you miss this space in B&E’s July 24, 2008 issue? Well, for the uninformed, B&E had advised using sound research that Anheuser-Busch (AB) should not accept the “fair-value” $65/share takeover offer made by InBev during the first week of July and that it should wait for the premium to rise, which InBev did!!! There was another piece of advice – that AB should wait for “some weeks” till the offer price shoots northwards and the premium level touches about 20% (considering these low liquidity times].

Cut to the present and we have the “increased fair value” of $70/share or $52 billion takeover from InBev being accepted by AB on July 18, 2008 (2 weeks later), marking a premium of 18.23% as compared to its July 6, 2008 Mcap of $43.98 billion! The new company would be known as Anheuser-Busch InBev. For AB’s shareholders, there could be no better news....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Tuesday, October 07, 2008

The rape of base Okinawa

Will the guilty US marines ever be brought to book?
This is not the first time that an American marine is accused of raping a local girl in Japan's Okinawa base camp – that houses nearly half of the 50,000 The rape of base OkinawaUS troops stationed in the country. And as in the past, it is unlikely that the furore that followed the February 10 incident will cause the guilty to be nailed.

The popular perception is that the Japan-US Status of Forces Agreement (SOFA), which alone is empowered to deal with such problems, exists solely to protect US interests. For instance when, soon after the February 10 incident, Okinawa Governor Hirokazu Nakaima called for revising SOFA, Foreign Minister Masahiko Komura countered with familiar evasions. He told the Diet four days later that the act, if "properly implemented", would do the job as well as any other measure being proposed by critics of Japan's post-World War II Constitution. Article 9 calls for Japan to be a "pacifist, non-war-making country" – and leaves the task of defending it to the US..........Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, September 29, 2008

Full marks for this Marxist

Under Sarkar's able chief ministership Tripura has seen its first dose of foreign funding

Communists have a way of working around their communism occasionally to get capitalist cash into their state: and when they succeed, they become chief ministers, and stay there. For Manik Sarkar, that has meant a third term in a far-flung state where even central funding was a problem; under Sarkar the state has now seen its first funding from abroad.

Just now, as the man gets comfortable in the chief minister’s chair, one that has been his for more than 10 years now, his list of achievements is something to write home about: a steady decline in insurgency, increase in private investment, remarkable improvement in the higher education sector, successful implementation of public-private partnership model... the list, as his supporters like to point out, is long. Given the politician’s prized cake of continuity, Sarkar’s government is viewing natural gas, bamboo and natural rubber as the three main opportunity sectors in the state. To Sarkar, though, it is his government’s success on the insurgency front that is the most important of all. "With the two-and-a-half-decade-old militancy showing signs of abating, countries such as China, Japan, Germany, Thailand & Bangladesh, not to mention Indian investors, have shown interest in Tripura," he told B&E. Sarkar has also been advocating the linking of the East-West corridor through Tripura. “Tripura has 44 km long border with Assam in the plains area, and a 865 km border with Bangladesh. The state can really become the gateway for the North-east to South- east Asia.” ...Continue

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Wednesday, March 19, 2008

Asian women wealthier?

Power to the Asian woman! According to a report, titled ‘Barclays Wealth Insights: a Question of Gender’, published by Barclay’s Wealth, Asian women –Asian women wealthier? including Indian businesswomen – are generating more wealth than their counterparts elsewhere in the world. And it’s not just their affluence that is growing – it’s also their influence! Being Britain’s leading wealth manager, Barclays sure knows what it’s talking about: “the affluence and influence of women is growing globally and is increasingly fuelled by their own individual enterprises – highlighting that the perception of inheritance and marriage as the lead sources of female wealth is out-dated.” Compared to any other global regions, in Asia, 26% women cited income from a business as “their main source of wealth”, whereas, globally, 20% women show income from a business as their main source of wealth. What’s more, women in Asia “are often more thoughtful and purposedriven when it comes to investment behaviour”, the report added. Women consider education to be the single most important factor of wealth generation: while school education was cited as the key factor by Middle Eastern and African women (55.6%), Europeans (55.7%) and North Americans (60%) felt that university education was the most important.
For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Thursday, February 28, 2008

SEC convicts 1,236 in 5 years; SEBI, er, none?

In fact, some top examples are as follows – SAT had set aside SEBI’s order suspending the registration of broking firm First Global Stock Broking. SAT had also set aside SEBI’s order banning the former Chief Investment Officer of Alliance Mutual Fund, Sameer Arora, from dealing in the securities market for five years (SAT even verbally humiliated then SEBI chief G.N. Bajpai for his public statements against Sameer Arora, while the matter was being investigated).

This at a time when the US Corporate Fraud Task Force, in the past five years, has succeeded in superbly convicting a total of 214 CEOs & Presidents, 53 CFOs, 23 Corporate Counsels or attorneys, & 129 Vice Presidents. Each one of the high profile convictions of SEC (from Kenneth Lay to Computer Associates) has resulted in jail terms exceeding an average of ten years! Now digest this. Any party aggrieved by SAT’s orders can file an appeal within 60 days (Section 15Z). In the last year, guess which was that one entity that filed 83% of all the appeals against SAT rulings? Of course, SEBI! Bow down your heads, guys!
For Complete IIPM Article, Click here

Source:
IIPM Editorial, 2008

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

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Friday, February 15, 2008

The beast lives on...

The gigantic Indian realty sector grumbles & groans, riddled as it is with a flurry of issues, some that are external, and some that are created of its own accord. Is the sector doomed to go the way of the US housing boom, or will it be ultimately able to prove the most critical of analysts horribly wrong? Is the realty beast indeed too large now to be able to sustain itself?

Accept it! You couldn’t have missed the bloodcurdling stare of the 60 ton beauty staring at you a page back. Even we couldn’t, when one top real estate sector expert was drawing out this analogy quite innovatively for us. Massive, growling, thundering, roaring to run, ready to destroy, the 25-foot tall King Kong’s similarity to the real estate sector was just about as uncanny as it could get... Oh, did we mention this Kong nitwit’s a dime brainless too? That was the ‘uncanniest’ similarity with the realty sector we couldn’t quite get over with. Think about it – with his sheer agility, fierce attacking instincts & stupendous power, this King of rock would have been more than a handful for an army, even with a few superheroes thrown in! Isn’t it then hilariously ironical that all it took was a few overzealous, and rather clumsy explorers, with even clumsier weapons (chloroform, for Pete’s sake!), to overpower Mr. Genius and bring him down to his knees? What’s the explanation for that? Quite straightforward, we should explain. Both Kong and our spectacular real estate sector got entrapped because of the problems of growing ‘interest’.


For Complete IIPM Article, Click here

Source:
IIPM Editorial, 2008

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

Monday, February 04, 2008

The transatlantic dog fight!

The appeal of the great American dream may be on the wane across the globe, but what simply refuses to diminish is the US predominance in the realms of military as well as trade. Whether it is attacking Iraq without a proper United Nations mandate or brazenly threatening the WTO & the European Union (EU) over the subsidies issue – the US has no qualms in asserting its military and economic dominance. Displaying true capitalist instinct, the US recently launched the much awaited ‘weapon’ called ‘Boeing 787 Dreamliner’ in reply to Europe’s Airbus. Much to the chagrin of the EU, the US is using all the leverages placed at its disposal to woo the world to buy this machine. Without even having left a runway, the 787 has already received 677 orders from 47 different companies (analysts project that Boeing may sell as many as 1,000 aircraft s over the coming year). Such humongous sale figures certainly don’t augur well for EU, which is struggling hard to sell its distinct brand of politics & products.


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

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

Wednesday, December 12, 2007

To ‘Sir’ with hate!

“How fragile civilisation is… How easily and merrily a book burns!” wrote Salman Rushdie way back in 1988, in response to the burning of Satanic Verses by British Muslims. Fatwa & fame have been following him like a shadow, confining his existence either as an ‘apostate’ for Islamists or a loyal servant of Britain. It is uncommon for authors to be used & misused in a broader international political game. But Rushdie has willy-nilly allowed himself to be a tool in the long-standing dispute between the West and Iran.

When the world was on the verge of forgetting Rushdie and Iran was ready to forgive his alleged misdemeanours, the British establishment has rekindled the dormant indignation in Iran, Pakistan and other Muslim nations against the author, by blatantly conferring on him the much coveted knighthood. “Any more violence related to Rushdie affair from any section is certainly unpardonable & unacceptable,” Nadeem Ahmed, a Dubai based journalist, told B&E.

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2006

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

Monday, November 26, 2007

“What sacrifices have you and your friends made, Mr. President?”

Bush says Libby’s punishment remains “harsh” because his reputation is “forever damaged.” Meanwhile, Bush employs, as a deputy national security adviser, none other than Elliott Abrams, who pleaded guilty to unlawfully withholding information from Congress in the Iran-contra affair. Abrams was one of six Iran-contra defendants pardoned by Bush’s father, who was himself a subject of the special prosecutor’s investigation of the scandal.

In other words, obstruction of justice when it gets too close to home is a family tradition. And being a loyal Bushie means never having to say you’re sorry...
For Complete IIPM Article, Click here

Source: IIPM Editorial, 2006

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

Wednesday, May 02, 2007

A primer on how to deal with $hylock... & his henchmen

The term “living a ‘creditable’ life” seems to have been taken quite too literally by India’s masses (400 million and odd of whom, not surprisingly, are still quite illiterate), what with the credit-culture and loan-mania spreading like excruciating rashes amongst the burgeoning Indian middle-class. Putting it in perspective, the quite well-known notorious ways and means by which lending banks have scrounged out money or repossessed the assets of defaulting borrowers, has ensured that this credit culture for Indians is turning out to be more of a bane than a boon. In fact, while even corporate borrowings are a party to the same cycle, those are the individual borrowers that have borne the brunt.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

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

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Tuesday, April 17, 2007

India rediscovers the age-old art

RBI statistics have shown that on an average, 40% of India’s forex reserves come from NRIs. Parliamentary Standing Committee’s 2006 report on external affairs revealed that Rs. 550 billion (half of the total remittances) comes from Indian workers stationed in UAE, Saudi Arabia, Kuwait among others, earned and repatriated mainly by petty workers.

The Reserve Bank of India might be surprised, but the fact is that beyond investment and remittances, an Indian with any background is still, uhh, an Indian... Discrimination then on the basis of their resident country and their pocket depth becomes unethical and even illogical. Just a few decades back, such blatant hypocrisy would have been labelled apartheid, would have evoked global consternation and major media ridicule. And now? Nobody even blinks! That’s India!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006



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

Friday, March 23, 2007

The international law is seriously contemplating “about compliance, or the interplay between international law and domestic law”

Whether the judiciary is acting in interest of people or the markets is something which is debatable, however, what is becoming apparent is that a new kind of pressure is certainly being exerted on the judiciary to move towards the trans-nationalisation of law. This tension, according to Balakrishna Rajagopal (writing in the Leiden Journal of International Law), is evident in the current debates about global governance: The international law is seriously contemplating “about compliance, or the interplay between international law and domestic law.”

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative