Highlights of India Inc 2007-08 mergers and acquisitions
India recorded the largest number of merger deals in 2007. India distinguishing itself with record mergers and acquisitions valued at over $65 billion. Tata group, paid $11.1 billion to acquire Anglo-Dutch steel maker Corus Birla Hindalco paid $6 billion that to acquire Canadian aluminium products manufacturer Novelis The two (steel and telecom) garnered $14.9 billion and $11.3 billion worth of deals. Essars acquired Canadian firm Algoma Steel for $1.55 billion. Tata power sector bought significant stakes in two Indonesian groups, PT Kaltim Prima Coal and PT Arutmin Indonesia, for $1.1 billion. Vijay Mallya-led United Spirits bought Scotch whisky distiller Whyte and Mackay for $1.18 billion. Suzlon Energy has taken over the German firm Repower Systems for $1.7 billion. Private equity and mergers and acquisition deals in India during 2007 was $68.32 billion, up 143 over last year's $28.16 billion.
YES, INCREASE WORKING HOURS OF WORKERS, INCREASE PRODUCTIVIRT AND PROFITS SO THAT THE LOOT BY BIG PEOPLE WILL ALSO INCREASE ??????? SHAME WHAT ABOUT IMPROVEMENT IN QUALITY OF LIFE FOR WORKERS
RE:WORKING HOURS : LOOT
by bkchatterjee on Feb 28, 2008 06:39 PM
Besides the rhetoric, experts should look into international data on productivity Versus weekly working hours. As far as I know, there is an optimum working hours per week beyond which productivity decreases. Has any one done any serious research to establish what is the OPTIMUM weekly hours for Indian condition. Unless it is done, we might be making India poorer by working those extra hours suggested.
RE:WORKING HOURS : LOOT
by Dhorabh on Feb 28, 2008 09:43 PM
Thats the Law of diminishing returns - productivity decreases beyond a certain limit.
Most countries fix that at 40 hours per week. But again, these are developed countries. hence, most MNCs frustrated with that are shipping jobs to the third world like ours where no labour laws would exist and their motto reads : EXPLOIT well, even if laws did exist, then you could change them for a price. what say FM???
Employers should be prosecuted for 12hrs working time. and govt should be prosecuted for bad public transport system which takes almost our 4 hous daily in communiting from home to office and back
Growth!!!!! for the 80% of Indians living in villages indian growth is unbearable. Wealth is concentrated more towards urban areas where the economics principles work (all the figures like GDP,inflation, growth).... So coming years India will see social uprest all over the country. Call it terrorism or nexalism but the urban India will be perished by revoltiing villages
Many of us who are in pvt sector & mnc's are already working 60 hrs a week. This should be applicable to all ministers & govt bureaucrats. Shame on the Govt who squeezes out money in the form of incom-tax from hard working Non govt employees !!
RE:Wake-up PM - 60 Hours a week for whom??
by thp on Feb 28, 2008 04:47 PM
Agree.. also there shud be tight labour rules.. about pay structure if work is 12 hr /day.. one can not afford to work more and get less paid.. and that includes from a cleaner to CEO levels..
RE:Wake-up PM - 60 Hours a week for whom??
by Priyank Madan on Feb 28, 2008 05:08 PM
Ravi i guess we guys are working more than 60hours... if they want to increase the working hours... then where is the solution of increase the salary hike accordingly...
How inflation is calculated only FM and RBI knows? I dont think FM or Govr. of RBI evergo to marketto buy ration or vegetables or fuits for their families. By giving the figures how long one can fool the public! FM should go to the public and get first hand information ratherthan relying on Babus. The picture is not rossy as painted by F>M>
DEar PC, do not hide the facts and tell it in one sentence and exxagarate silly things and tell it as a big achievement. This is what you are doing in all budget and the result is this survey report. Congrats for all the people who voted to UPA.
Why not ministers try to work for atleast 48 hrs in a week during parliament session in which they always try to stop the session. More over the salries of minister is almost equal to 600 Hrs of common man per weeks .............. what should PM says about this??????
RE:60 Hrs a week
by Das on Feb 28, 2008 04:00 PM
and also they get 100% hike in a year. (Our So called beloved President Prathiba) And also Govt is building a Airport in Amravathi So that she Can reach home safely. All is our money... How much do u get ?
RE:60 Hrs a week
by SanjeevJoshi on Feb 28, 2008 03:57 PM
dear ,y should they care about the common man ,ministers are all made for eachother , they only know to make money all time
