Already a pharma biggie in India, Strides Arcolabs wants to be a world-beater!

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It is only 15 years old, and already has 13 world-class plants across the globe. Not just that. It ranks among the world’s top 5 soft gel capsule manufacturers. We’re talking about Strides Arcolabs, which has been taking giant strides – literally. One of India’s leading integrated manufacturers and exporter of finished pharmaceutical dosage forms, it has a global consolidated turnover of US 125 million – an impressive 50% growth over the previous year. The 2006 Q2 results have seen another impressive leap ahead, registering a 28% increase in revenues.

Wait, there’s more on Strides Arcolabs’ CV! It is the leading Indian pharma company in Latin America and has a presence in 55 countries worldwide. Having accelerated its growth curve, the company is now basking in its glory – not to become complacent, but invigorated to go higher & faster!

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

The reputation of the brand

IIPM PUBLICATION
At a more personal level, Vikram talked about his days at MIT. It was the time when he realised that he might not be the smartest man, but could achieve success through hard work and integrity. His father and uncle passed away at an early age and he was pushed into the family business along with his cousins. Vikram admits that success didn’t come to him overnight and he had to overcome a lot of difficulties.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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He wants to prove that Manmohan is a weak Prime Minister

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Singh’s detractors, both in his party and the opposition, accuse him of taking potshots at Prime Minister Manmohan Singh and Congress President Sonia Gandhi through his controversial decisions. “He wants to prove that Manmohan is a weak Prime Minister so that he can occupy his position,” says BJP National Secretary Shahnawaz Hussain. Singh countered this by saying, “This is an insult to more than 50 years of my service to the Congress. Manmohanji is my Prime Minister. Implemeting quota was a collective decision of the Parliament.” Diplomacy couldn’t be better.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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A Child Is Born Into Poverty Every 43 Seconds

IIPM PUBLICATION
The worst is, those are Hispanics and African Americans who have been at the receiving end, with around 22% and 25% respectively living in poverty. The situation is grimmer for American women and children. Researches indicate that American women are nearly 40% more vulnerable to live in poverty than their counterparts. It is appalling that a majority of adult women are still engaged for a minimum wage of just $5.15 an hour since 1997; and recent trends also indicate that even these wage rates have been moving southwards. Moreover, they just make around 77 cents, when compared to every dollar made by their male counterparts. As far as children are concerned, reports state that in the US today, a child is born into poverty every 43 seconds, and every quarter of an hour a child dies from causes related to poverty. Even then, under the Bush administration, around 19% of children living in poverty still remain deprived of insurance cover.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Apollo pays a visit to Uncle Sam

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Apollo Health Street (AHS), the healthcare BPO arm of Apollo Group, has acquired US-based Armanti Financial Services LLC (AFS) for $31 million. With this deal, the Apollo-AFS entity will emerge as one of the largest healthcare processing companies in the hospital business, with receivables management of over $1 billion annually. Not only this, Apollo will now feature among top 10 healthcare revenue cycle management companies in US. The revenues of the combined entity for the coming twelve months are expected to touch $45 million mark.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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To the Highlands of Heaven!

IIPM PUBLICATION
We set foot into Glasgow’s leading historic treasure trove – Kelvingrove Art Gallery and Museum – a virtual transition into an era of yore, housing a classic art collection that exhibits exceptional artwork by the Old Masters – European czars of the canvas who lived between 1500 and 1800 A.D. – besides French Impressionists and Scottish Colourists, and the most noted vault of arms and armour anywhere in the world. Traversingalong to the eastern extremity of the city, Finlay and I reached the famous People’s Palace and Winter Gardens of Glasgow, a glasshouse put in place by the Earl of Rosebery in 1898 as a cultural sanctuary to the citizenry, when this area of the city bustled with untenable levels of populace and squalor.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Dial H for Have-ablast@diwali.com

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Another interesting point to be noted is that traditional ways of sending messages like telegram have beaten a hasty retreat as people prefer quicker ways of communication. Telecom operators have rolled out plenty of value-added services like SMS, picture SMS, wallpapers, ring tones and MMS throughout the year, but the number of offers goes up significantly during the festival season. This also results in higher minutes of usage for the service providers. Revenues from these services are seeing tremendous growth. Vikram Mehmi, CEO, IDEA Cellular affirms, “Right from August 15 till December, the festival season will continue, which will be dominated by the regional festivals all across India. The business from valueadded services like SMS and caller tunes witnesses a hike of over 35-40% (yearon-year) during this time.”

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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LG : Life has never been better for this gutsy price warrior

IIPM BUSINESS AND ECONOMY
Life’s Good? No sir, Lucky Goldstar! That’s the strength of the image this Korean Chaebol has been able to create for itself. Well, from the famous Golden Eye television sets to the currently flaunted Intello Air conditioners, rather, ‘Intello- any LG product’, LG has created a strong perception in the customers’ minds as an innovative brand.

Fighting on its quality and price parameters, LG India has enchanted the Indian customer so, that it is now the dominant player when it comes to the white goods segment in India, and has even outrun its counterpart Samsung India in terms of revenues earned. The company’s phenomenal success, it claims & convincingly so, is due to its constant innovation and re-invention.

The company globally is currently aiming at achieving the position of a global digital leader and to be amongst the top 3 electronics, information, and telecommunication firms in the world by 2010.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri’s Initiative

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