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Aid sensible M&As
India Cements' takeover of Raasi Cement is part of the ongoing process of consolidation in the cement sector. As India Cements' managing director N Srinivasan has pointed out, globalisation is largely a matter of size, and acquisition is a swift way to increase volumes. A larger size helps a manufacturing entity to realise economies of scale, thereby cutting costs and improving profit margins.
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Escalating tariffs
It is widely expected that the government will increase import duties on a host of products. The stock market has already expressed its appreciation and steel scrips have been soaring. There are several products on which tariffs are far below the duty rates prescribed by the WTO, and the government has announced that it will raise rates to those levels.
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How will Sterlite Industries cough up funds for Indal takeover?
Sterlite's bid for the controlling interest in Indal makes amusing reading. On the one hand, the 60-year old Indal is a pedigreed corporate in the aluminium industry, having built up its empire brick-by-brick, though at a leisurely pace of boredom. On the other hand, we have Sterlite, which is over-ambitious in its reach, with not much of sound and solid demonstrated- capabilities in the non-ferrous metals industry.
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The new mantra: citizenship, not just empowerment
They call him the Father of Empowerment. But right now, Peter Block, the world-renowned organisation development consultant and author of three best-sellers - Stewardship, The Empowered Manager and Flawless Consulting - is suffering the painful birth pangs of a new motherhood: Citizenship.
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