Complete the course

Even before he could complete the course, Promod landed himself a job at a California- based company, Emergent and was appointed as the Chief Operating Officer. The defining moment for Haque came when he ventured as a consultant in NVP in 1989 and later became the partner in the very next year.The globe’s numero uno dealmaker has a list of criteria for investing into an enterprise, “Firstly, we are interested in larger markets and we are not interested in smaller ones because it is hard to build larger businesses and we are interested in building larger businesses. Therefore, the size of the market, uniqueness of the product and the background of the entrepreneur are important. Also, it is important for an entrepreneur to have domain skills and management skills,” asserts Promod.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Operation Sunshine

For example, when in November 1996,Operation Sunshine was launched in West Bengal by the CPI(M) government, thousands of hawkers were removed from the streets of Kolkata and were “rehabilitated.” Basudeb Acharia, a CPI(M) leader, did claim to B&E, “The government helped shifting almost all the hawkers to the Go Park...” Sadly, the current state of Kolkata is proof enough of the success of the operation. CPI(M)’s Abdullakutty does assert, “The government panchayats and charitable organisations are working together to provide shelter and orphanages to these children.” Sir, don’t mind our criticism; it’s surely a great start!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Merrill Lynch builds castles on ground

Merrill Lynch, one of the world’s leading financial advisory firms, has agreed to buy San Francisco-based First Republic Bank (FRB) for $1.18 billion. First Republic Bank caters to the financial needs of High Net worth Individual Individuals, & by acquiring it, Merrill Lynch will gain clients with an average net worth of $20 million. The deal values FRB at $55 per share, which is 44% more than its share price as on January 26. The bank has 43 branches and specialises in mortgages on luxury homes, giving Merrill more wealthy customers who may buy brokerage services.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Researchers

However, the researchers have not played the blame game yet for scientifically it’s a difficult task to pinpoint the precise premise for gynaecomastia. And as observational experiments continue, three flummoxed fellas will surely remember their premature passage from boys to men, nah... women, er... whatever!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Increased Reliance

Increased reliance on bancassurance has created a win-win situation, as for banks it’s a source of income, and for insurance companies like HDFC Standard, sustainable clients. According to the latest figures of April-December 2006-07, private life insurers added some 3.9 million policies, while HDFC Standard Life underwroteover 2 lakh policies. That itself shows the stranglehold this firm has over the Indian insurance sector. Though in terms of actual premia, HDFC Standard Life managed to collect only Rs.7.45 billion out of the gross sectoral aggregate of Rs.77 billion, making it the fifth largest player with a market share of 9.5%.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative