Tracking the pulse of adrenaline

Nature is playing a major role in cruise liners offering big bargains to travel aficionados this season. Incidents like the tsunami, howling hurricanes and recent incidences of traveller disappearances are deterring vacationers from opting for cruising on the high seas, and cruise business marketers are pulling out all stops to lure seafarers this season.

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Source: IIPM Editorial, 2006

Fuel poverty!

British homes are getting colder as energy prices across the globe get hotter. It is projected by the Department for Environment, Food and Rural Aff airs (DEFRA) and Department of Trade and Industry (DTI) that as many as 400,000 more households in Britain would plunge back into ‘fuel poverty’ by this year.

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Source: IIPM Editorial, 2006

Vodafone callingon India

Vodafone Plc., world’s lead­ing mobile telecommuni­cations company, has entered into an agree­ment with Bharti Tele-Ventures Limited (BTVL) to invest approximately $1.5 billion, in order to acquire a 10% economic stake in the Indian telecom major. This includes acquisition of shares held by Warbug Pincus, which marks the complete exit of the private equity investor from BTVL. The investment is sig­nificant in Indian telecom, as it is the biggest ever single foreign investment in Indian telecom till now. BTVL is a major telecom player in India, with 15.13 million subscribers at the end of September, 2005, out of which almost 14.07 mil­lion were mobile subscribers. (Read B&E Special Feature on the Indian Telecom Wars)

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Source: IIPM Editorial, 2006

After selling Innovene, BP must bolster its energy exploration-IIPM News

On October 7, it decided to sell off its petrochemicals unit Innovene for $9 billion to UK-based chemicals company Ineos after having initially toyed with the idea of putting it up for an initial public offering. According to British Petroleum, selling the unit was a better idea than the IPO as it would keep it clear from the un­certainty of market conditions.

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Source: IIPM Editorial, 2006

Research and Publication, IIPM New Delhi

According to IMS Health forecasts, the global generics market is expected to grow at 20% to reach a huge $80 billion by 2008. Generics is the future for drugs, and US is the future for generics. Current low profit margins are simply temporary structural adjustments and would necessarily disappear in the long run as huge supply demand gaps would encourage price increases for all players. Though Ranbaxy should surely look at diversifying its portfolio at other overseas markets too, the current setback should not tempt Ranbaxy to limit its operations and marketing exposure in the most lucrative market of the world.

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Source: IIPM Editorial, 2006

CNPC outbids ONGC yet again-IIPM News

China National Petroleum Corporation (CNPC), China’s largest oil and gas producer, together with Asia’s largest refiner, China Petro­leum and Chemical Corporation (Sinopec), has agreed to purchase the Ecua­dorian assets of Ca­nadian oil and gas producer, EnCana. India’s Oil and Natural Gas Corporation of India (ONGC), emerged as an ‘also ran’ in the race to buy Encana, after it earlier lost out to CNPC in a bid to buy Petro Kawsakhstan. Andes Petroleum Corpora­tion, a joint venture between Chinese petroleum companies, in which both CNPC and Sinopec hold a stake, will buy the assets of EnCana in Ecuador, in a deal valued at $1.42 billion, in cash…

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