Try reading this, George!

President George Bush’s speech in North Glen Elementary School on January 2006 – “I think the No Child Left Behind Act is one of the most significant accomplishments in education in a long, long time. I want to thank both the Republicans and Democrats who worked together back then to get this piece of legislation passed...,” applause!!!

Well, as per the recently published ‘Education at a Glance 2006’ report of Organisation of Economic Cooperation and Development (OECD), the cost of this American ‘accomplishment’ has been $12,000 (across primary, secondary and tertiary levels of education) per student per year. No doubt, President Bush’s vision and the investments to realise this vision of ‘No child left behind’, has not only been noble but also a great example for countries like India where the foundations of education stand corroded, on account of lack of any vision.

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Source:- IIPM Editorial

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Indian Oil Corporation is ranked as the third largest company in terms of three years’ average market cap figures

Although Indian Oil Corporation is ranked as the third largest company in terms of three years’ average market cap figures, when one considers just FY 2006, the three behemoths of the Indian IT industry – Infosys, TCS and Wipro – along with Bharti Airtel and ITC have already individually beaten IOC, thus proving that investors truly recognise benchmark performances.

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Source:- IIPM Editorial

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Go for the new TVS Apache!

Second 4: TVS

What if you are not attracted to the charm of Hero Honda Karizma; and even the very irresistible Bajaj Pulsar does not enthuse you? Go for the new TVS Apache! The brilliant winner of the BBC TopGear design award – though it still is not ‘the heartbeat of the nation’ (well, not yet) – it will surely pump up your adrenaline rush like never before. Riding on the success of Apache and Star, TVS is surely making heavy dents and has recorded a stupendous growth of 39% in bike sales, which stand at a commanding figure of 83,014 units for the month of August. Will TVS continue to be the third choice company? Apache that!

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Source:- IIPM Editorial

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Not a very sweet ending that!

Alistair Sykes, Chief Executive of Nestlé UK, said in a statement: “The UK confectionery market is extremely competitive and Nestlé Rowntree must therefore ensure its operations are cost effective.” Now the company wants to invest £20 million to improve production facilities at the plant in Yorkshire, where Aero, KitKat and Milky Bar are also produced. The five-storied Victorian building erected by the Quaker philanthropist Joseph Rowntree is going to be brought down and replaced by a development including residential units. This way, Nestlé can benefit from high real estate prices in York. Not a very sweet ending that!

For complete IIPM article click here

Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative