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Drumbeat: Ad Buzzaar
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Saturday, May 23, 1998
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On its way to a turnaround
What would a large player in the Indian software industry look out for in a smaller company, before mounting a takeover bid for a company in the same industry? Logically he would try to acquire stake in a smaller company, at a cost much less than the cost of setting up an equivalent project. For other industries one could scout for a company whose market capitalisation and debt is substantially less than its turnover.
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PSUs to face music
The decision to extend the retirement age of government employees to sixty years has been widely criticised as being populist. It has the additional attraction, from the government's point of view, of deferring the payment of pension and provident fund liabilities.
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US double standards in WTO also
As in the case of other treaties, like CTBT, NPT etc, USA, the chief promoter of WTO, has assumed the role of policing compliance by other members with WTO agreements, and has also been pressing India and other developing countries, to relax import restrictions, and to provide "world class" IPR laws, by raising WTO disputes and invoking Special 301.
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