“All Money is a matter of belief”
- Adam Smith
Friday, December 23, 2011
Merger & Acquisitions - GE, Microsoft in healthcare software joint venture
The 50-50 venture, which is yet to be named, will initially employ about 700 people and be based near Microsoft’s headquarters in Redmond. General Electric Co and Microsoft Corp are forming a joint venture to develop and sell software systems to make it easier for healthcare providers to to store, access and share patient information. The 50-50 venture, which is yet to be named, will initially employ about 700 people and be based near Microsoft’s headquarters in Redmond, Washington. The goal is to develop open software systems that would allow multiple healthcare providers to track patients -- for example, allowing a diabetic patient’s primary care physician to see how recently he or she has been to the podiatrist to check blood flow to his or her feet.
“Part of the problem in healthcare is there’s so many doctors; there’s so much information to bring together. There’s not a single place for that,” said Michael Simpson, a GE Healthcare executive who will serve as chief executive of the new venture when it begins operations next year. “When you talk about how do you bend the cost curve, it’s not about making big monolithic systems; it’s about joining systems and aggregating the data together so that people can make better decisions.”
The two companies, who would not disclose the financial terms of the deal, said they are rolling Microsoft’s Amalga, Verence and Expresso systems, as well as GE’s eHealth and Qualibria systems. GE, whose core healthcare business is making medical-imaging devices, has been stepping up its presence in healthcare computer systems in recent years. The largest US conglomerate in 2009 formed a joint venture with chipmaker Intel Corp to develop devices to allow doctors to monitor patients’ health remotely.
Financial Glossary
Cashflow
The movement of cash in and out of a business from day-to-day direct trading and other non-trading or indirect effects, such as capital expenditure, tax and dividend payments.
Cashflow statement
One of the three essential reporting and measurement systems for any company. The cashflow statement provides a third perspective alongside the Profit and Loss account and Balance Sheet. The Cashflow statement shows the movement and availability of cash through and to the business over a given period, certainly for a trading year, and often also monthly and cumulatively. The availability of cash in a company that is necessary to meet payments to suppliers, staff and other creditors is essential for any business to survive, and so the reliable forecasting and reporting of cash movement and availability is crucial.
Cost of debt ratio (average cost of debt ratio)
Despite the different variations used for this term (cost of debt, cost of debt ratio, average cost of debt ratio, etc) the term normally and simply refers to the interest expense over a given period as a percentage of the average outstanding debt over the same period, ie., cost of interest divided by average outstanding debt.
Rupee to stay volatile on uncertain economic outlook
The Indian rupee, that has weakened almost 16 percent against the US dollar since the beginning of the year, is likely to remain volatile in the coming months due to uncertain domestic and global economic outlook, say analysts. The partially convertible rupee got battered in the last one month, hitting a record low of 54.30 against a dollar Dec 15, almost 24 percent down from the year's high of 43.85 recorded July 27. It has been the worst performing among Asian currencies.
'In the short-term, say, the next five to eight weeks, the rupee will remain volatile with negative bias,' said Sanjeev Krishan, executive director at PricewaterhouseCoopers (PwC). He said the rupee was likely to decline further and hit a new low if economic data remained weak and major policy concerns affecting industry and economic growth were not addressed. 'Currently, we don't see any pull back trigger. If there is improvement in economic numbers and some good news from the policy-making front, then the things can reverse,' Krishan told IANS. The rupee depreciated sharply in the last two weeks mainly because of increased demand for the greenback from importers and investors, and outflow of capital from Indian equities market amid concerns about slowing growth, high inflation, widening deficit and inability of the government to push forward key reforms.
List of Top Finance Companies of India
The top finance companies are playing a key role in the huge growth of the economy of India. The sector of finance is passing through a rapid phase of alteration. The sustenance of the growth of economy is the primary factor for the development of the India's financial sector.
SBI Capital Markets Limited :
It is one among the oldest organizations in the capital markets sector of India. It was established in the year 1986 as an ancillary of SBI.It ranks second in Asia's Project Advisory services. The company is a traiblazer in privatization and securitisation. The companies subsidiaries are SBICAPs Ventures Ltd., SBICAP Trustee Co.Ltd. And many others.
Bajaj Capital Limited:
The company offers best investment advisory and financial planning. It provides institutional investors, NRIs, corporate houses, individual investors , high network clients with investment advisory and financial planning services. It is also the largest provider of finance products offered by public and private organizations,several government bodies,investment products like bonds,mutual funds,general insurance etc.
IDBI Bank:
The Managing Director and Chairman of the bank is Shri R. M. Malla.It offers the services like personal banking,corporate banking,MSME finance,NRI services and much more.Browse the site to know more.
UTI Mutual Fund:
The company offers best investment advisory and financial planning. It is recognised as India's most trusted financial advisor.
DSP Meriyll Lynch Limited :
It is the key player of equity and debt securities in India. It renders financial advises to many corporations and institutions. It also offers a wide array of wealth management and investor services along with customized advices related to financial matters. This company is the pioneer to form research facility to research in financial products and services,improvements and innovations. The company also has its hand in the Government securities and holds an eminent position in the market of equity and debt in India.
Thursday, December 22, 2011
Thought of the Day
“The possession of knowledge
does not kill the sense of wonder and mystery.
There is always more mystery.”
~ Anaïs Nindoes not kill the sense of wonder and mystery.
There is always more mystery.”
Case Study on Airways International
When the going gets tough, the tough gets going. Over its 43 years, axe has grown from being a tiny, purely regional airline with just three small aircrafts to become a truly global player ,recognized as being one of the largest and most successful carriers in the vast Asia-pacific region and a worth ambassador of its country. Axe is proud to have played a significant role in the development of tourism in Thailand and whole of Asia. Truly the growth of this airline is a reflection of the dynamic economic and social progress of Thailand and its people as well as the energy and creative aspirations of the region as a whole. Introduction of service innovation, new destinations and network expansion based on sales & market opportunity have become part of axe’s main goal of bringing the world closer through new & exciting experiences for the benefit of Axe’s passengers.
Consistently voted among the world’s best airlines by its passengers, Axe airways international has won and maintained an enviable reputation for service and reliability over last four decades. Today, Axe is truly a global carrier with its operating fleet of 81 of the most advanced aircrafts in 72 countries across four continents with its partnership in star alliance, world’s largest airline alliance, offering unrivalled worldwide coverage. It’s generosity in service to its passengers has won axe its exceptional reputation enabling the company to grow so successfully.
Other avenues of axe’s strength are in its catering services, airport customer services and technical services, which it offers to various other customer airlines in Bangkok and throughout Thailand besides fulfilling its in house demand. Axe is currently engaged in one of the most dynamic development phases of its 43 years history which includes adding new destinations specially in china, India and neighbouring countries besides adding more aircrafts to its fleet.
HR Glossary
KPIs | |
Likert Scale | A psychometric scale used in surveys and questionnaires to specify level of agreement with a statement. |
Mediation | Intervention in an employment dispute usually by an outsourced professional. |
Mentoring | One to one passing down of knowledge by a more experienced colleague to support development of a more inexperienced employee. |
Negotiation | Discussions leading to mutual gain. |
Online Hosting | Employee surveys hosted online with employees using log in details to access their survey. Allows complete anonymity and ease of completion. |
Open Door Policy | Every manager’s door is open to employees. Management are accessible and open to all employees. |
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