Ratan Tata and his team

As far as Tata Steel was concerned, the deal was in the pocket and Tata Steel was poised to join the big leaguer of the global steel industry. Despite the hype surrounding Tata Steel, it is an insignifi cant player in the global steel market with a capacity of 4 million tonnes while Arcelor- Mittal boasts of a capacity well above 100 million tones.

Unfortunately for Ratan Tata and his team, even as they were gloating over the acquisition’ of Corus, a Brazilian steel company CSN was quietly buying Corus shares from the markets. And just when the Tata managers thought they had Corus in the bag, CSN made a counter bid that was substantially bigger than the money offered by Tata Steel. Stung by the attack, Tata Steel raised its offer price from 455 pence per share to 500 pence per share. Within hours of this, CSN announced that it is raising its offer price to 515 pence per share! Worse, CSN revealed that it has already acquired 23% of Corus from the market and is already the leading shareholder in the company!

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

The New Year Bonanza...

Months of preparation, some moments of prelaunch anxiety and then three years of bedlam, that’s what happened when Conditional Access System (CAS) was to be implemented in 2003. Circa 2006, and cable operators, broadcasters, instrument suppliers et al can be seen with the same prelaunch anxiety. However, three years of long wait has left skepticism in their voices. Many are suspicious that the fate with which CAS met three years back might as well strike back again.

Earlier this year, Delhi High Court had instructed to implement CAS in some localities of Delhi, Mumbai, and Kolkata (it is already operational in Chennai) by December 31, 2006. With that it seemed that the battle between broadcasters and cable operators has finally come to rest. But, is the deadline of December 31 practical? Have all issues been sorted out or something can yet again defeat this CAS(e)? With just about a month to go in the final roll out, 4Ps B&M decided to do a status check…

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

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