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Archive for March, 2008

TATA’s Jaguar-Land Rover Deal!!!

Posted by Madhuresh on March 28, 2008

My class mate aka harri puttar and shashank aka Zombie were sitting in the Garden of IPE Discussing about TATA’s Deal with FORD. Earlier harri had given me his expert insights into How tata’s are planning to fund to whole deal. We also discussed  the ongoing  buying spree of TATA’s(click here to see a list of recent acquisitions).  In a series of articles i wish to analyze why is tata buying so much?? But 1st here is a article from http://media.ford.com/newsroom/release_display.cfm?release=27953 A detailed insights into what all tata is getting kindly read the highlighted points as i feel they might be important.

FORD MOTOR COMPANY ANNOUNCES AGREEMENT TO SELL JAGUAR LAND ROVER TO TATA MOTORS

DEARBORN, Mich., March 26, 2008Ford Motor Companyy [NYSE: F] announced today that it has entered into a definitive agreement to sell its Jaguar Land Rover operations to Tata Motors. 

The transaction is the culmination of Ford’s decision last August to explore strategic options for the Jaguar Land Rover business, as the company accelerates its focus on its core Ford brand and “One Ford” global transformation. 

The sale is expected to close by the end of the next quarter and is subject to customary closing conditions, including receipt of applicable regulatory approvals.

The total amount to be paid in cash by Tata Motors for Jaguar Land Rover upon closing will be approximately US $2.3 billion.   At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans.

“Jaguar and Land Rover are terrific brands,” said Alan Mulally, president and CEO, Ford Motor Company.  “We are confident that they are leaving our fold with the products, plan and team to continue to thrive under Tata’s stewardship.  Now, it is time for Ford to concentrate on integrating the Ford brand globally, as we implement our plan to create a strong Ford Motor Company that delivers profitable growth for all.”

“This is a good agreement.  It provides the Jaguar Land Rover management team and employees with the assurances needed to maintain their focus on delivering the best results for the business,” said Lewis Booth, executive vice president, Ford Motor Company, who has responsibility for Ford of Europe, Volvo and Jaguar Land Rover.  “I am confident that, under its new owner, Jaguar Land Rover will continue to build upon the significant improvements and product successes it has achieved in recent years.” 

As part of the transaction, Ford will continue to supply Jaguar Land Rover for differing periods with powertrains, stampings and other vehicle components, in addition to a variety of technologies, such as environmental and platform technologiesFord also has committed to provide engineering support, including research and development, plus information technology, accounting and other services.

In addition, Ford Motor Credit Company will provide financing for Jaguar and Land Rover dealers and customers during a transitional period, which can vary by market, of up to 12 months.

The parties believe these arrangements will support Jaguar Land Rover’s current product plans, while providing Jaguar Land Rover freedom to develop its own stand-alone capabilities in the future that will best serve its premium manufacturer requirements.

The parties do not anticipate any significant changes to Jaguar Land Rover employees’ terms of employment on completion.

Speaking about today’s agreement, Mr. Ratan N. Tata, Chairman of Tata Sons and Tata Motors, commented:  “We are very pleased at the prospect of Jaguar and Land Rover being a significant part of our automotive business. We have enormous respect for the two brands and will endeavor to preserve and build on their heritage and competitiveness, keeping their identities intact. We aim to support their growth, while holding true to our principles of allowing the management and employees to bring their experience and expertise to bear on the growth of the business.”

Jaguar Land Rover’s employees, trade unions and the UK Government have been kept informed of developments as the sale process progressed and have indicated their support for the agreement.

Speaking on behalf of Jaguar Land Rover, Geoff Polites, chief executive officer, said:  “Jaguar Land Rover’s management team is very pleased that Ford and Tata Motors have come to an agreement today.  Our team has been consulted extensively on the deal content and feels confident that it provides for the business needs of both our brands going forward.

“We have also had the opportunity to meet senior executives from Tata Motors and the Tata group,” Polites continued.  “They have expressed confidence in the team that has delivered significant improvements in Jaguar Land Rover’s business performance.  We feel confident that we can forge a strong working relationship with our new parent company, and we look forward to a bright and successful future for Jaguar Land Rover.”

So  what do we understand

  • Ford is not going to give the “know how” of certain technologies like powertrains, stampings and other vehicle components, in addition to a variety of technologies, such as environmental and platform technologies
  • For a period of time ford will finance for jaguar and rovers customers
  • Tata’s is going to support their growth and Jaguar Land Rover’s employees will develop it.

If they are not getting the “know how of technology” and that can’t be use at tata motors then y did they buy it?? The answer might be Defence??

In the next article i wish to bring you a detailed repront DEFENCE AND TATA( After opening of defence sector in 2001)

As of now! that’s it.

I thank Hemant and shashank for their valuable insights and inspiring me to do a research on the same.

Keep visiting!!!

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Posted in life at IPE | 5 Comments »

Major overseas acquisitions by Tata group

Posted by Madhuresh on March 28, 2008

Acquistions?? 

With the takeover of two British automobile marquees Jaguar and Land Rover, the $28.8 billion Tata group, with 98 companies in its fold, will add another prominent entry to its growing roster of global acquisitions.

Barely a year ago, it paid over $12 billion to acquire Anglo-Dutch steel maker Corus, in what remains the largest buy-out deal overseas by an Indian company till date.

And going by what senior executives of Tata Sons – the holding arm of the group that has 27 listed companies – maintain, the appetite for such mega mergers and acquisitions is only growing with each deal.

Tata Steel has made three major acquisitions worth some $13 billion in the past few years.

“A journey that began long ago is gathering pace,” said chairman Ratan Tata on the overseas foray of the group that has interests in consumer goods, chemicals, energy, services, engineering, materials and IT systems and communications.

“From IT and tea to automobiles and steel, Tata companies are spreading their wings to find a place in the global sun,” he says.

Here’s a look at some notable acquisitions by the Tata group companies overseas in the past few years:

Tata Steel:

The company, which celebrated its centenary in August last year, wants to boost its annual output of 8.7 million tonnes to 15 million tonnes by 2010, and take it upwards to 30 million tonnes by 2030. More stunning moves on the mergers and acquisition front can definitely be expected, it says.

In January 2007, the group pulled off India’s biggest ever takeover of an overseas company to buy Anglo-Dutch steel-maker Corus in a $12 billion deal that made it the combined entity the world’s fifth largest producer of the commodity.

This came just over a year after it acquired Singapore’s NatSteel, which also has a presence in Thailand, China, Malaysia, Vietnam, the Philippines and Australia followed by the acquisition of Thailand’s Millennium Steel for a $421 million.

Tata Motors:

South Korea’s Daewoo Commercial Vehicle Co was acquired by the company in March 2004 for $102 million and gained, in the process, a market share of 30 percent and access to markets where it had no prior presence.

This was followed by the acquisition of a 21 percent stake in Spanish bus maker Hispano Carrocera for $18 million with an option to pick up the remaining stake at a later date. This helped the company get technology to make top-end busses.

Another company in the fold – Tata Technologies, which provides automotive engineering and design services – bought Britain’s Incat International for $53 million.

Tata Consultancy Services:

This company, which was earlier a division of Tata Sons, has been among the most aggressive shoppers for companies overseas. It has acquired six companies in recent months, though the net value of the deals is not more than $100 million.

In the second half of 2005, following the merger of group company Tata Infotech into its fold, TCS acquired financial services company FNS of Australia for $26 million and then Chile’s outsourcing major Comicrom for $23 million.

TCS, which has 160 offices in 30 countries, also entered into a structured deal with the British insurance major, the Pearl Group, which essentially called for the two entities to set up a subsidiary with TCS as the majority partner.

Videsh Sanchar Nigam Ltd:

The Tata group acquired the former state-run, international telecom carrier a few years ago. The company has made several overseas acquisitions since then with the aim of becoming a top-end services provider in the industry.

Some of the acquisitions include undersea cable company Tyco of the US for $130 million, Internet service provider Dishnet’s India division for $64.28 million and international telecom service provider Teleglobe of US for $239 million.

Tata Chemicals:

Following its acquisition of Hindustan Lever Chemicals, Tata Chemicals was on the lookout for a steady supply of phosphoric acid for its newly acquired plant at Haldia.

It, accordingly, took over two overseas for a total value of $215 million – Indo Maroc Phosphore of Morocco in March 2005 and Brunner Mond Group of Britain in December last year. Morocco produces over 50 percent of world’s rock phosphate.

Tata Tea:

In 2000, Tata Tea bought British giant Tetley for a $407 million – in what was then the largest such deal by an Indian company – and started scouting for similar deals to become a global tea and related drinks brand.

Another acquisition has been a 33 percent stake in South African Joekels Tea Packers for an undisclosed amount that was announced this month. It had earlier acquired the US-based Good Earth Corp for $32 million.

The company’s other picks include Czech Republic’s Jemca and 30 percent stake in the US-based favoured water manufacturer Glaceau for $677 million.

Indian Hotels:

This company, which runs the Taj Group of hotels, acquired several hotels abroad for $121 million in the past few years. It has set aside $100 million for future acquisitions in Europe, the Middle East, Asia and the US.

In December 2006, it acquired W, a hotel at the Woolloomooloo Bay in Sydney, then it took over the management of The Pierre, a luxurious landmark hotel on New York’s Fifth Avenue. India Hotels has 39 hotels in India and 18 worldwide.

Another acquisition was Campton Place Hotel in San Francisco.

Tata AutoComp Systems:

This company – which makes auto components from 14 plants, three engineering centres and three export-oriented units for clients like General Motors, Ford and Toyota – acquired W? Weidinger of Germany for $7 million last year.

Tata Interactive Systems:

A pioneer in simulations business in India, this company too made acquired several companies overseas – Notably Tertia Edusoft GmbH of Germany and Tertia Edusoft AG of Switzerland – and is keen on more buy outs in the future.

These are only to name a few. Like these there are many more. From where are they going to get money is a question i am puzzled with. If you have any Let me know!!

Thanks..

Posted in life at IPE | 2 Comments »

8 things to make an impressive CV

Posted by Madhuresh on March 10, 2008

In the article 12 things your CV should not have we discussed the common errors applicants make when drafting their CVs or resumes. Following the article we received a large number of queries from readers, asking what information should they include in their CV, to make it impressive.

This article is an attempt to help the readers design an impressive and user-friendly CV. If you ensure that you include this information in your CV, the chances of it meeting the interviewer’s expectations are increased.

~ Begin with name and contact details
Make this information available at the beginning of your CV. This should include your postal address, phone number (preferably mobile number) and e-mail address (only one). If a company wants to call you for an interview or needs to communicate with you for any further information, they will look out for this information. If it is buried somewhere inside the CV it will not only put them off but also reduce their chances of contacting you.

~ Write an appealing career summary
This is your chance to bring forward relevant strengths and skills to the recruiter. Everything in your CV should support your Career Summary. If there’s anything that doesn’t support your Career Summary, you should reconsider listing it.

You should write your Career Summary around your skills, attitude, knowledge and experience. There are two schools of thought on writing the career statement.

Some people think that it should be a short 30-40 word paragraph while others give it liberty to be covered in 4-5 bulleted points. Whatever you decide on, ensure that everything relevant that you want to sell to the prospective employer is covered here. At the same time, it should not become nauseating.

~ Focus on your work experience, responsibilities and achievements
If you are an experienced candidate, your work experience is your main asset. Include the details of the relevant jobs you have done in the past. You should present your work experience in a chronologically descending order ie the last company first.

This should include the name of the company, your designation and tenure followed by your job responsibilities and achievements. It is always better to present this information in bulleted format rather than a clumsy paragraph. Mention some figures when you talk about your achievements.

For example:
Worked as Business Development Manager for XYZ Company from June 2000 to January 2004.

Job responsibilities:

  • Setting up 7 franchisees across 4 countries
  • Maximising the business from existing customers to the tune of $ 200,000 

~ Your next asset is your educational qualification
Educational qualifications play an important role in the recruitment of freshers. If you are a fresh candidate, focus your CV on your qualifications and achievements during your student life. ~ Write about your out-of-work achievements, interests and hobbies
These reflect your personality and skills. Present the relevant achievements in the order of priority ie the most important achievement first. Similarly, present your interests as well. Write about the achievements that display a facet of your personality. For example, if you have been the president of your college, do mention it. It shows your leadership skills.     

~ Write short sentences with more impactful words
Lengthy CVs put the recruiter off. Keep the sentences short and use words that demonstrate your hold of the situation like managed, arranged, supervised etc.  ~ Formal font faces
A font like Verdana-10 should be good for the content while the Name at the top can be written in Verdana-12, with a bold font face.

~ Use the same tense through out the CV.
Changing the tense in every second line leaves the reader confused and annoyed.

Now, put together both the articles ie 12 things your CV should not have and 8 things to make an impressive CV. Draft and re-draft your CV keeping the points mentioned, till you are satisfied that you have presented the facts in the most impressive and convincing way.

The author is a contributor to www.CareerRide.com, a website that addresses technical and personal aspects of an IT interview. CareerRide provides sample CV and question-answers for personal and technical interviews.

Referencehttp://in.rediff.com/getahead/2008/feb/27cv.htm

NOTE: If you found this information usefull.kindly leave a reply/comment

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12 things your CV should NOT have

Posted by Madhuresh on March 10, 2008

Your CV is your marketing brochure through which you try to sell a commodity, ie your skills to the potential buyer ie the prospective employer. The sole purpose of your CV is to fetch you an interview call. Nothing more, nothing less.

However, creating a CV isn’t as simple as just using flowery language and pretty fonts. There are certain things that put recruiters off and if you want to make a good impression, make sure you do not commit these mistakes in what is arguably the most valuable document of your job hunt. 

While the rules listed are well-founded, they are not carved in stone. At times you will need to break the rules. If you want to add these things knowingly and purposefully to your CV we advise you to do that.

The points mentioned here are not listed in the order of priority; instead they are listed in the sequence in which they usually appear on a CV.

~ Colorful or glossy paper and flashy fonts
Your CV is a formal, official document. Keep it simple.

~ Resume or CV at the top
Many people tend to add headings to their CV. The usual are CV, Curriculum Vitae and Resume. Do not do this.

~ Photographs until asked
Do not add your photo to the CV until you have been asked for it. Photographs are required only for certain types of positions like models, actors etc.
 ~ Usage of ‘I’, ‘My’, ‘He’, ‘She’
Do not use these in your CV. Many candidates write, ‘I worked as Team Leader for XYZ Company’ or ‘He was awarded Best Employee for the year 2007’. Instead use bullet points to list out your qualifications/ experience like: Team leader for XYZ Company from 2006-2007.

~ Spelling mistakes and grammatical errors
Proofread your CV until you are confident that it doesn’t have any spelling mistakes or grammatical errors. These are big put-offs for the recruiters. Moreover, sometimes these mistakes might land you in an embarrassing situation.

A candidate who submitted his CV without proofreading it committed the mistake of wrongly spelling ‘ask’ as ‘ass’. Now you can imagine the type of embarrassment he must have faced during the interview, when the interviewer pointed it out. These mistakes tend to convey a lazy and careless attitude to the interviewer.

~ Lies about your candidature
Do not lie about your past jobs or qualifications or anything which might have an impact on the job. You may be able to secure a job with these lies today but tomorrow you may lose it as well.

~ Abbreviations or jargon that is difficult to understand
People screening your resume usually belong to the HR department. If they do not understand what the abbreviations and jargon mean, they will simply dump your CV in the trash can. Avoid over-using such terms as far as possible.

~ Reasons for leaving last job
Leave these reasons to be discussed during the personal interview. For example, some candidates write: Reason for leaving the last job: Made redundant. Avoid making such statements in your CV, they add no value. Besides, if you do get an interview call, chances are the interviewer will address the issue.

~ Past failures or health problems
Mentioning these immediately slash your chances of getting an interview call.

For instance, you have a gap in your employment because you started your own business which did not do well. Some candidates might write — Reason for gap in employment: Started own business which failed. Do not do this type of injustice with your job hunt at this stage of writing the CV.

~ Current or expected salary
Leave it to be discussed while negotiating the salary.

~ Irrelevant details
Leave out the details like marital status, sex, passport number, number of kids, age of kids. These are usually irrelevant for most interviewers but at times could be used as a basis for discrimination.

~ References
Do not include them until asked. In fact, it is not even required to mention the line ‘Reference available on request’. If the recruiter requires a reference, he/she will ask you to bring it along for the interview.

Now that you have run through the list, take a fresh look at your CV and prune away unnecessary details and unaffordable blunders that could have cost you your dream job.

The author is a contributor to www.CareerRide.com, a website that addresses technical and personal aspects of an IT interview.

Reference: http://in.rediff.com/getahead/2008/feb/08cv.htm

NOTE: If you found this post helpfull in some way let me know by putting a reply.

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