With $20 billion in free cash reserves, the company certainly possesses the resources vital to remain alive and kicking even after this particularly huge setback, but consider this – it is currently faced with the titanic wall of financial erosion with its sales for its two other important drugs – Zithromax & Zoloft – also being hit by patent expirations. Jeffrey B. Kindler, CEO, Pfizer, does sound positive as he proclaims, “We understand the challenge that this represents and we will respond quickly and aggressively to it...”, but isn’t it also true that company officials had falsely announced that all’s well with the tests, just a few days before the heartbreaking announcement?
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Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
in allocating zones in inland regions, where freight viability by air or waterways – a factor synonymous with SEZs – is a tough ask, in most cases, geographically infeasible. With SEZs being allowed to take shape all across the country sans regard to such constraints, the very prospect of export units instantaneously arriving to set shop in scores of SEZs would tend to appear bleak. It doesn’t take Einstein to prefigure the consequence in this case: If developers involved with SEZs fail to recover their infrastructural expenses, which could well mean thousands of crores in many cases, the upshot will be fiscal mayhem not just for them, but for a multitude of banks & lending institutions, shareholders and bond purchasers.
products in SKD (semi knocked down) format and will eventually start production in India as soon as its Indian facility starts functioning. It is believed that after the success of Indian home-grown brands like Hero Honda and Bajaj, global companies including those in China, are exuberant for India. Today, two-wheelers form the backbone of Indian personal transportation and with increased purchasing powers among the general population, the market will only expand to unprecedented levels.
to expand its product line up. The company now offers the entire computing hardware from desktops to printers. This allows HP to offer total solutions to consumers, who are looking for uniform platforms. With consumers increasingly focussing on single branded platforms, HP is hitting Dell where it hurts the most – its core competence. The direct selling model seems to have outlived its relevance. Dell will have to be aggressive on retail in order to counter HP’s advances. Otherwise, there could be more shocks and we’re not talking about the batteries now!
ital gain, dividend yield indicates the return on investment for a stock and is generally computed as the ratio of annual dividend per share to the price per share. In simpler terms, dividend yield helps analysts find out the amount of cash flow generated by every unit of currency that the investor invests in equity. The ratio also is used to find out whether the stocks of a company are under priced or overpriced. While a high dividend yield is considered as an evidence of an under priced stock, a low dividend yield represents the opposite position. Mirroring all these perspectives, the B&E Power 100 has considered dividend yield as a measure of the yield paid out by the companies to their shareholders in the form of dividends.
year FY06 saw a massive dip by 41% to reach Rs.40.13 billion, compared to the glittering Rs.68.17 billion in the previous year. In order to improve the state of affairs, the company’s Chairman, S. K. Roongta, is laying down a road map for future expansions. SAIL has chartered out ‘Vision 2012’, where the company has projected its ambitions to hike the production capacity of hot metal from a current level of 13 million tonnes (MT) to 22.5 MT by FY12, for which it has announced a capex of Rs.350 billion. The steel giant further dreams of being a 40 MT player by FY20 to meet the challenges thrown by global players, which are bracing up for consolidation in the Indian steel sector.
has played no less the villain; even though it didn’t have a part in the genesis of the minority outburst, the BJP was quick to summon its favourite friend, Hindutva into the proceedings. Surprisingly, this is not the first citing when Vande Mataram has felt the heat and unwittingly contributed to political mileage. The song is actually a tribute to Hindu goddesses, and mulling over Muslim protest for it to be made compulsory, in 1937 it was agreed by the Congress that only the initial two paragraphs need be intoned at public assemblies.
to manufacture three-wheelers & light four wheelers. Even component manufacturers are exuberant. N. K. Minda, MD, Minda Industries Ltd. states, “Given the growth in two wheelers and the initiatives being undertaken, NK Minda Group is confident of achieving 35-40% CAGR.” In conclusion, we reiterate that while the changing times may have changed customer aspirations, the aura or the perceived value proposition of the motorbike is enduring. So, bike aficionados need not worry; the ‘action’ in the segment is indeed far from over!
Winona too has had a rocky ride. Prone to panic attacks and bouts of depression, and on the verge of becoming an ‘alcoholic recluse’, she checked into a psychiatric clinic in the early 90s when her relationship with Johnny Depp started unravelling. Acting in and producing the reallife story of Susanna Kayson in 1999’s Girl, Interrupted, she considered the movie a ‘child of her heart’ partly because she saw her younger self in the character of the disturbed Kayson. 2001, however, was the biggest shocker, when she was caught not just shoplifting at Saks Fifth Avenue, but also discovered to have illegally prescribed drugs in her bag. 2006 finds Winona Ryder and Johnny Depp as alternative as ever but more settled than their wild exploits in their earlier days indicated.
from the fact that the consolidated PAT for 29 cement companies shows a stunning 246% growth during the quarter. Only three companies, out of the 29 under consideration, have grown at less than 100%. Market leader ACC has posted 184% growth. The IT sector came up good as always with the major industry giants like Infosys, Satyam and Wipro posting healthy growth. Net profits of Satyam soared by 75% and that of Infosys and Wipro went up by 54% and 53%, respectively. Pharma companies showed a growth in PAT of 24%. Pfizer was outstanding with growth in PAT of 131%. The banking sector displayed a mixed bag of fortunes with SBI, the country’s largest bank, booking a 34% fall in profit and ICICI Bank, the country’s largest private sector bank, moving up by 17%.
be executed for future space tourists. Although the foray into Space Station in 2001 fructified, increased private participation for gaining access to it has met with higher support. This venture got the maximum boost when the world’s first privately developed space vehicle, ‘Spaceship One’, on its way to win the Ansari X prize, broke the highest altitude award of 41 years (it reached 112 kms, placing the pilot in the Lower Earth Orbit) in 2004. Immediately after the successful flight, not only were the designs licensed to Sir Richard Branson (and Virgin Galactic was launched) but commercial space flights were planned to be executed for future space tourists. Although the foray into space has had increased participation globally as more and more countries like Saudi Arabia, Algeria and organizations like University of Rome get into building and operating satellites, the access to the launch vehicle, and especially the ability to send manned missions, is severely restricted to a few countries (US, Russia & China). 
