Indian democracy - Mandate for Peace
The debate is unending. “Democracy here exists only in name.
Ambedkar’s vision of a federal India was ruined by the Congress,” says Prabal Neog, leader of the 28th battalion of the United Liberation Front of Asom (ULFA). “Our democracy may not be perfect,” counters HN Das, general secretary of the Assam Congress, “but let’s not forget Assam went back by 20 years because of ULFA.”But no matter what, there is again that familiar sight on television, of more speeches and promises, followed by that serpentine queue at a polling booth. Nameless faces, still grieving over failed revolutions, will vote… It’s India’s undying mandate for peace.
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Source : IIPM Editorial, 2009
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of the Council on the Financial System of the Ministry of Finance and the Council on Science & Technology. But it was in the year 1996, after quitting the broadcasting profession, that Tomoyo started joining government advisory committees and corporate boards (Sanyo being one of the notable ones, which she joined in 2002). After having served as a Director in Sanyo’s board for three years, the world was astounded when Tomoyo, with no past electronics experience, was appointed Chairman of Sanyo in April 2005. Soon after taking charge as Chairman, she undertook various audacious initiatives like cutting of costs, downsizing of the employee strength and focusing the business on environment friendly products.


many who inspire the kind of awe that Alexander inspired. Perhaps none more than the largest corporation in the world Wal-Mart, the big daddy of retail. Unlike Alexander, Wal-Mart has decided to invade India with all guns blazing. It has tied up with the Bharti group (the people behind Airtel and India’s largest mobile phone services company) and promises to launch its first stores in a few months. Predictably, there has been an explosion of excitement and hype within India.


to fund the takeover of Rinker Group Ltd., the Mexican cement maker, Cemex SA is looking to raise $9 billion as loan. Globally the third largest cement manufacturer, Cemex has chosen Citigroup Inc. & Royal Bank of Scotland to make arrangements for the loan. Cemex had made an offer worth $11.7 billion in late October 2006, to acquire Rinker – Australia’s largest maker of building materials. The deal (which would make Cemex the world’s biggest cement maker) was however rejected by Rinker as the bid was low by 36%. However, after gaining shareholders support, Cemex is calling its offer “full and fair.”
heavily on their graphics and technology, Nintendo Wii is more likely to be popular amongst the gaming enthusiasts with its ease of use. To entice away the customers from PS3 & Wii, Microsoft is offering a host of freebies with its Xbox 360. However, Nintendo is planning to supply 4 million consoles by the end of 2006, thus making it the most readily available gaming console. Interestingly, PS3 & Xbox 360, which were fighting the battle of ascendancy in the gaming arena, are confronted with a bigger danger in form of Nintendo Wii, which has truly emerged as a fierce underdog.


he provides an elongated commentary on how a passionate implementation of the EVA (Economic Value Added) financial model has realigned profit perspectives within not only each department, but also each individual, right from the corporate office in Mumbai to the plant floor thousands of miles away. Our scheduled interview with Naveen’s three-generation Tata Steel family is interrupted suddenly because his mother falls ill. We are told that she has been rushed to the Tata Hospital, arguably one of the best hospitals in eastern India. His grandfather was an employee of Tata Steel; so was his father. Will his children too work here a decade from now?
enhanced product offering will create a market leading service and product mix.” The deal promises synergies of $174 million per annum. Interestingly, a ‘poison pill’ was included to ‘protect’ Suncorp itself from being taken over! The clause said that any company seeking to acquire Suncorp in the course of the merger going through, would have to acquire Promina too. Shane Fitzgerald, Insurance Analyst, JP Morgan points out, “Suncorp will benefit from access to the New Zealand market. In addition, the deal will increase customer base to over 8 billion.” Benefits are evident, but the most critical challenge will be overlapping businesses of wealth management & general insurance. The two “Johns” must ensure there is no cannibalisation. In fact, the two companies must contemplate using the enhanced portfolio to target new markets. No denying to the fact that with proper planning, two Johns are always better than one!







Centurion Bank of Punjab and Lord Krishna Bank, which was followed by a tussle for United Western Bank, which ended in favour of IDBI Bank. The past few days have been more than just mundane for the Indian banking industry. From merging with each other to forming alliances, banks are fighting it tooth and nail to survive. And everybody matters as any move by any bank changes the topography of the industry. Today, the Indian banking sector is buoyant, bustling with confidence and it seems no player is afraid to take big and bold steps in order to stay alive and kicking.
