Fuel price protests
If the international market is any indicator, fuel prices are set to rise again in India. Trouble seems to be coming in from another African nation, this time Nigeria, that may lead to a spurt in international crude oil prices and is most certain to have a knock-on effect on domestic fuel prices of most countries. Hit by a continuing strike by major labour groups, there has been a constant worry about oil supply disruptions from Nigeria. The country is Africa’s top oil producer and pumps out 2 million barrel-per-day. Already, the worry seems to be reflected in the West Texas Intermediate crude price, which rose by by 3 cents for February trade. Brent North Sea too saw a spike in its crude prices by 37 cents, reaching $110.81. The labour protests, which are the main cause behind this international worry, are in response to the Nigerian government withdrawing the popular fuel subsidy provided by it to its citizens. These protests have, of late, morphed into nationwide protests and have become an outlet for thousands to vent their grievances against what they see as a venal ruling political class and an incompetent government. While the government has not yet withdrawn it’s decision, it has agreed to slash fuel prices. Following this announcement, several labour organizations withdrew their strikes and urged the public to go home but resentment continues to simmer.
Ford recalls suvs
The American multinational automaker Ford is recalling nearly half a million minivans and SUVs because of mechanical issues. The Michigan-based automaker is recalling 539,000 sport utility vehicles, including Ford Escape, Ford Freestar and Mercury Monterey minivans in two separate recalls. The first recall involves 286,000 Ford Escape SUVs manufactured during 2001-02, which have been found to have defective anti-lock brakes module. The second recall involves 253,000 Ford Freestar and Mercury Monterey minivans made during the 2004 and 2005 model years, which are reported to suffer from a torque converter malfunction.
If the international market is any indicator, fuel prices are set to rise again in India. Trouble seems to be coming in from another African nation, this time Nigeria, that may lead to a spurt in international crude oil prices and is most certain to have a knock-on effect on domestic fuel prices of most countries. Hit by a continuing strike by major labour groups, there has been a constant worry about oil supply disruptions from Nigeria. The country is Africa’s top oil producer and pumps out 2 million barrel-per-day. Already, the worry seems to be reflected in the West Texas Intermediate crude price, which rose by by 3 cents for February trade. Brent North Sea too saw a spike in its crude prices by 37 cents, reaching $110.81. The labour protests, which are the main cause behind this international worry, are in response to the Nigerian government withdrawing the popular fuel subsidy provided by it to its citizens. These protests have, of late, morphed into nationwide protests and have become an outlet for thousands to vent their grievances against what they see as a venal ruling political class and an incompetent government. While the government has not yet withdrawn it’s decision, it has agreed to slash fuel prices. Following this announcement, several labour organizations withdrew their strikes and urged the public to go home but resentment continues to simmer.
Ford recalls suvs
The American multinational automaker Ford is recalling nearly half a million minivans and SUVs because of mechanical issues. The Michigan-based automaker is recalling 539,000 sport utility vehicles, including Ford Escape, Ford Freestar and Mercury Monterey minivans in two separate recalls. The first recall involves 286,000 Ford Escape SUVs manufactured during 2001-02, which have been found to have defective anti-lock brakes module. The second recall involves 253,000 Ford Freestar and Mercury Monterey minivans made during the 2004 and 2005 model years, which are reported to suffer from a torque converter malfunction.
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
