HEALTHCARE BUSINESS

The healthcare business is predominantly centred around NCR and the company expects cash profits only by 2008. While the company has a national presence in insurance in a 26:74 partnership with New York Life), it has a market share of just 1.31% in terms of premiums. The company plans to increase paid up capital to Rs.10 billion in the next two years and foray into micro-insurance. States Gary Bennett, MD & CEO, MNYL, “The rural areas in India present the next big opportunity for the insurance sector.” Back to telecom (we can’t avoid it, can we?); Max sold its remaining stake in Hutch in 2005; a profit of Rs.4.27 billion & revenues for the entire group in FY05- 06 were Rs.1.42 billion. What that bodes for strategic intent is anybody’s guess.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)