Future Will Be Decided...

Though his future will be decided after next month’s annual meeting, Sarin has decidedly been under fire after Hermes, which owns 1.22% stake in the company, publicly acknowledged its dissatisfaction with Sarin’s leadership, though Vodafone revenues for the financial year 2005-06 did increase by 10% to reach $55 billion. So are there enough reasons for shareholders to be unhappy? There are more than enough reasons.

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Source:- IIPM-Editorial, Editor:- Prof. Arindam Chaudhuri - 2006

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Kashmiri Group Hurriyat

All of a sudden, there seems to be a flurry of activities and initiatives in Kashmir. First, the moderate members of the separatist Kashmiri group Hurriyat, led by Mirwaiz Umar Farooq had a heart to heart talk with Prime Minister, after he extended an open invitation to them. Then, it was announced that the Border Security Force (BSF) – very unpopular in the valley – will be re­placed by the Cen­tral Reserve Police Force (CRPF). And then, the CRPF an­nounced that there will be a reduction in the number of check posts and pickets in Srinagar and other towns…

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Source:- IIPM-Editorial, Editor-:- Prof. Arindam Chaudhuri - 2006

Lance Erstwhile French Employer...

His erstwhile French employer Cofidis had long annulled his contract (paying only a piffling 25% of it) and the only team to engender any interest in him was the newly-formed US Postal Service Pro-Cycling team. Never before has an athlete engaged in competition after emerging from such traumatic circumstances, so when Armstrong headed for the 86th Tour de France in 1999, few would have dreamt, far less believed, what was to unfold.

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Source:- IIPM-Editorial, Editor:- Prof. Arindam Chaudhuri - 2006

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Fodder for scam

The case was first unearthed in 1996, after the police found that money was being fraudulently withdrawn from the state treasury and shown as expenditure on animal fodder. The Patna High Court asked the CBI to inquire. It was discovered that close to Rs.9.5 billion was thus looted from the treasury. A total of 61 cases were filed in which Laloo Prasad was accused in nine cases. Laloo Yadav was jailed at least four times, and he was forced to resign as Bihar chief minister. He made his wife chief minister and continued to rule by proxy. The scam was an embarrassment because it dealt with something so low as fodder, and it showed Laloo in very poor light. It still rankles.

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Source IIPM-Editorial,2006