Friday, July 07, 2006

Steel and Outsourcing

The steel industry is fortyfying themselves from the spree of hostile/congenial take-overs that are happeneing. Even sabbotaging the moves for a possible Merger and Accquisition. The Arcleor take-over has kickstarted this and Tata Steel is looking at increasing it's current share in the company. Mittal lands in Orissa today to check the possibilities. I guess now everyone including, Nippon, Servestal et al should sit back and think. Instead of fortyfying themselves and going in shell, they might join hands with the fraternity. If you look at Mittal, he is strong in Southern America and far-west part of Europe. Arcelor in the same manner, has stong foothold in Europe. The geographical overlap being minimum, comptetion may not be that cut-throat. The consolidation will result in something more beneficial.
Kudos to HCL for inking the biggest out-sourcing deal to date with some insurance company ( i dont remember the name!). The deal is pegged at approx $700 Million. Huge money!
I fininshed "Veronika decides to die." One of the greatest books I have read. It teaches you how to live life to the fullest. Imagine if someone told you that you are going to die in 4 days. How would you live? Will you care what the society thinks or does of your actions? I wouldnt certainly. You will go where your heart takes you.
I want to contradict what I have written in my last post. It's the other way round, the brain tell you what is correct, but the heart tell you what is right. More often than not, if the correct feels right, the right can never be wrong. So do what your heart says, but not at the cost of your principles.

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