Word: daswani
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...regulation of the industry. That could reduce Ho's leverage, but analysts say Amax's financing power still gives him an advantage. "Once you've got the kind of critical mass Ho's got, it will be difficult to dislodge him as a true contender in Macau," says Anil Daswani, Citi's head of gaming research in Hong Kong. Ho "has invented a product that will be difficult to replicate...
...business underway. So far, uswa seems to view Mittal's move as positive. Says union president Leo Gerrard: "Larger, stronger steel companies benefit our members and retirees." And outside analysts see a good fit between Mittal's surfeit of raw materials and ISG's demand for them. Raju Daswani, head of research at industry analysis firm Metal Bulletin Research, says: "Mittal [has] a lot of raw material production, but not much exposure to the high-end value of the chain. ISG needs a supplier of raw materials...
...term, there is money to be made. And by mere virtue of their size, giants like Mittal should also be well-placed to ride out the industry's next dip. The new group will have "enough economies of scale to ride out the downward part of the cycle," says Daswani. "No-one sits pretty in a downturn. But it's the small and medium-sized companies who get squeezed first." Maybe so, but survival in an industry as tough and turbulent as this one takes nerves of steel...
...best lesson I took was from the human side of leadership they showed," said Mohit Daswani, a student at Harvard Business School. "They showed me you have to rely on your own values and beliefs to be a leader...