Bain strikes the right notes!

Bain Capital Partners, a Boston based private equity firm, finally got consent to acquire The Guitar Center, the biggest retailer of musical instruments in the U.S. The deal has been sealed at $1.9 billion and assumes the debt of $200 million which will drive the transaction to $2.1 billion. Bain Capital has also promised a premium of 26% at $63 per share to the shareholders of the retail firm. Guitar Center believes that Bain Capital has a successful track record and investment experience and the deal would be of interest both, to the company and the stockholders. Guitar Center has hired Goldman Sachs & Co. to proceed with the auction. The deal is expected to close by fourth quarter.

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Source: IIPM Editorial, 2006

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

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Bon ‘Voyage’!

If it were not for a little stand-off between two Alice Springs Lion’s members, Australians would have forever been deprived of what has come to be known as the Voyages Camel Cup. Held each July at the Blaterskite Park, it still retains the zing of the very first Camel Cup, organized by the Alice Springs Lion Club. Contrary to popular belief, camels can run at astounding speeds and that’s exactly what people come from far and wide to see. And it’s all in good faith when some of these cud-chewing, droopy-eyed mammals just stand at the start line and refuse to budge.

To start with, Australia was never a natural home to camels. From 1840 onwards, they were imported for nearly half a decade from Canary Islands. Now, Australia has more than 750,000 of them, not only making it home to the largest camel population anywhere in the world but also the only camel exporting country.

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Source: IIPM Editorial, 2006

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

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

“Consolidation will benefi t those who want to cover all points of travel: domestic full fare, low cost & international”

Be that as it may, it cannot be denied that GoAir continues to bleed with heavy losses, as is true for every aircraft carrier in the country. The reason, according to Jeh, is the triumvirate of three – infrastructure, policies & taxes, all of which need to be bettered for the next big leap forward in Indian aviation. “Taxes are the first concern. If the barrel is costing about $73, then we pay 27% more than that as sales tax. I mean it is ridiculous & not heard of anywhere else in the world. Why don’t we incorporate corporate income tax? If this gets done, then I would get profitable overnight.” He laments how 60% of the airline income goes to the government & petroleum company, which the company can’t control. And the figure for that internationally is 27%. That’s one major reason for the failure to make profits yet, according to Jeh. In fact, raising a question on the aggressive expansion plans of his many competitors, Jeh is of the view that the more planes you have; the more losses one makes. In fact, he says that given the prevailing conditions in the aviation sector, GoAir has revised its earlier estimates of fleet expansion, & restricted them to 35 planes by 2011 (instead of 50 aircraft s).

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Source: IIPM Editorial, 2006

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

“Blood Diamond”

One cannot deny that Dharavi (located in the heart of the city) is an eye sore (it is a bustling industrial area, generating up to $39 million each year from more than 4,500 industries manufacturing everything from glass bangles to bread to leather goods). We need to create hygienic surroundings and offer a better life to our citizens. The problem arises when the vested interests overpower the honesty of purpose to ameliorate the lives of the people. If slum improvement is only a pretext to loot, who will support such measures? All efforts must be made to prevent the builder lobby from minting gold out of the garbage dump and leaving the slum dwellers high & dry. At present, if the government genuinely wants to do a commendable job, it must frame a transparent policy to transfer the land to genuine bidders and more importantly, draw up a rehabilitation plan, which takes due cognisance of people’s needs, for whom the slums are a source of shelter as well as livelihood. The efforts by the government and the builders to create a Nandigram or a “Blood Diamond”-like situation in Mumbai, need to be opposed tooth and nail.

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Source: IIPM Editorial, 2006

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

Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow
Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com