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Prepping for Next 150 Years?- Business News


Prepping for Next 150 Years?
The $106-billion Tata Group has already thrived for a century and a half - more than twice the age of the Republic of India
Rajeev Dubey, Editor, Business Today
Acommon characteristic of some of the world s oldest organisations is their uncanny ability to adapt & adopt, destruct & rebuild, terminate and transform - constantly.
Take Finland s 156-year-old Nokia which began as a paper mill in 1865, dabbled in power, rubber and cable manufacturing until it hit upon the success of mobile communication in 1984, eventually becoming the world s biggest handset maker with over 40 per cent global share by 2007. Then came the decline which resulted in sale of its handset business to Microsoft for $7.2 billion in 2013. But by 2015, it had already acquired Alcatel-Lucent and taken charge of JV with Siemens to emerge as a huge network infrastructure provider. ....

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Rise of Oligopolistic Dominance- Business News


Rise of Oligopolistic Dominance
As debt-laden distressed companies fall by the wayside, some cash-rich large companies are practically monopolising their sectors
Illustration by Siddhant Jumde
During the 26th meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), one of the MPC members - Jayant R. Varma, Professor, Finance and Accounting, IIM Ahmedabad - made an interesting observation, which many in government institutions would barely admit to.
Anecdotal evidence suggests that in several sectors which are characterised by an oligopolistic core and a competitive periphery, the oligopolistic core has weathered the pandemic well and it is the competitive periphery that has been debilitated. Rising profits and profit margins, improving capacity utilisation and lack of new capacity additions create ripe conditions for the oligopolistic core to start exercising pricing power, he had said. An oligopoly is a form of market form where a sect ....

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