Credit World News

The second largest acquisition Indian pharmaceutical industry, SunPharma’s $4 billion acquisition of Ranbaxy is making a lot of buzz in the world. What this acquisition is pointing towards? The size of the deal is greater than anyone’s imagination so there will be a great deal of hope invested by SunPharma founder Mr Dilip Sanghvi in this acquisition. Through this SunPharma has emerged as India’s most valuable company in the pharmaceutical segment. SunPharma was started 20 years back with a capital of 5 lakh made crores within a short time span. Not only that, SunPharma became the fifth largest pharmaceutical company in the world, through this deal, which specializes in speciality generic medicine. This is obviously a great victory for a company which started off with a single manufacturing unit in 1983, which grew so big that they started operating in 65 countries. With this move their revenue will be almost double to $4.3 million Lets think about the global impacts of this ac...

It is not science fiction story, but a naked truth that 2.6 million cars were recalled by GM for faulty ignition switches, which resulted in13 deaths and more than 40 crashed. Well, it was no less than a mystery. At the end GM’s CEO Ms Marry Barra could be declared as a scapegoat and she maybe forced to take charge of all the mishap and it looks very unfortunate for the first ever women CEO of any automobile maker, having recently took the charge. In a dramatic movement GM's CEO, Dan Akerson was appointed as the Vice Chairman of a relatively small private equity form Carlyle Group, from where he came to GM. His stepping down from GM’s CEO post was on the personal grounds though. Was it because he was aware that the recall issue is going to come up and he did not want get crucified? He served GM through the Chapter 11 bankruptcy and even was in the leadership when GM released an IPO. Was it because that GM hired a female CEO, or the misconception that a female CEO will easily c...

Mobile money is definitely a proven currency exchanging system that enables consumers to transfer money easily as a text message. Cell phones, by using call time credit, become a mobile phone debit charge cards. "It is safer and less expensive when you transfer cash than traditional options which are sluggish and expensive. Its progress in the market will certainly depend on regulating authorities recognizing this particular potential These days, while people may have mobile , yet they might not have a bank account – this can make cell phones an immediate avenue to help nearly 1 / 2 the actual world’s unbanked people. The idea of branchless banking is grown ever since the technology sector has had a boom. In the midst of all these technological advancements the idea of branchless banking is raising many questions like • How far this can be useful for the poor people? • Is it cost effective? • Can this technology meet all the requirements of the people? Various Branc...

Sales through the internet, has changed the pre existed business patterns despite the geographical barriers. Whether it is C2C, B2B or B2C, eCommerce is flourishing day by day and gives a promising outlook in the coming years. The eCommerce wave is stronger than when they had started in 1995, gained much base by overcoming the IT downturn in 2000. From mere online travel booking and matrimonial sites, eCommerce has grown tremendously with refined methodologies making eCommerce more and more attractive. Trends in eCommerce industry are changing and competitors are looking for any method which makes their business more profitable and practical for the consumers. Below listed are the few trends which will dominate the eCommerce industry in 2014 Big Data Analytics Next time when you take part in a survey and mark your responses, your personal traits may get recorded at the backend, by which the surveyor company can use this data either for their existing promotion or to create a ne...

When Mr. Dave Caroll posted his music video "United Breaks Guitars" on YouTube he never thought that his video will ever cause a damage of $180bn to the United Airlines Company. This famous musician from Canada was flying to Nebraska on United Airlines, and was very angry and hurt when the baggage handlers of the airline broke his Taylor Guitar worth $30, 000. His claims for the compensation was rejected by the airline company, stating that his case was not in compliance with the company's compensation policies. The video went viral and after the fourth day around 1.5 million people watched it, 2000 tweets, 777 blogs were based on that incident and 339 online portals reported this incident. The company lost around 10% of its market cap. The Taylor Guitar Company reaped benefits through this video and they offered props for the next 2 music videos in this series. And that's the power of social media and these days customers are using this platform extensively for di...

Cake Notice, a small food store in South California raised capital through a crowd funding site Small Knot , to start its retail operations and they received more than what they expected. The request was for $2500 and they got $2620! This is not a single case, Ouya a game console got much more than what they expected, they got $8.6 million. In 2008, for the US presidential election campaign the fund raised by Mr Obama was mainly through these crowd funding platforms. The crowd funding may be a relatively new phenomenon, but it is growing like wildfire later it got immense reception in the US and UK. In the earlier model, people used to pledge their money for startups that too, with no expectation in return. The contribution model has been reverted to Donation model, Lending model and Investment model these days and will be surely subjected to further changes in the future. In the Lending model, there are terms and conditions where the creators have to follow strictly as in typica...

It is not a surprise that China has outgrown India in its gold consumption in 2013, as they consumed 1,066 tonnes of gold, while Indian consumption was only 975 tones. Blame it on the curbs from Indian government just to keep the Current Account Deficit on track which led to the decrease in gold consumption by 10 % which was a 13% up from the consumption in 2012. The CAD (Current Account Deficit) was on record high at $88.2 billion which is 4.8% of the GDP in the last fiscal term. Various curbs like a hike in import duty on gold to 10% and making 20% of the imported gold available to exporters, gold business in India is facing seasonal obstacles in making profit. The central bank is strictly following the 20/80 principle on import which can be described as, when a nominated bank import 100 kg pure gold, 20% of that consignment should be given to the exporters and 80% will be in the domestic market. In order to bring down the consumption, nominated banks and import agents were rest...