Northwest is out of danger!

After 19 months of sufferring bankruptcy, Northwest Airlines is all set to regain good health. It had successfully done a $2.5 billion annual cost savings. This is the first time in a half a decade when a leading US airline would not be bankrupt. Northwest had filed for Chapter 11 on September 14, 2005. A federal judge has ruled that it can exit the bankruptcy and the 11 day ‘administrative period’ has started, in which the airlines must notify the change in its status to its new shareholders and other parties. The US airlines now has an equity value of $7.8 billion and is issuing new shares as compensation to its creditors.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

From deutscheland with love

A leader in Germany and Europe, Deutsche Bank is continuously expanding its presence in key emerging markets globally. What’s more, there has been absolutely no conflict in Deutsche Bank’s international competitive strategy vis-a-vis its capacity to fulfill social responsibilities in all these markets.

India, although the bank has been in the country for over 25 years, it has only been a year since they launched full-fledged retail banking operations. Realising the robust economic growth, coupled with rising consumerism, the banking major has suitably designed products and services to cash in on the unexplored segments.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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