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Protected: Functional keywords for various streams of management

Posted by Madhuresh on July 25, 2009

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Where am i???

Posted by Madhuresh on February 23, 2009

Its been a long time that i have been here well things are moving at a very fast pace n i feel i am doing nothing just nothing,everyone asks me Wat keeps u so busy wat r u upto these days are u really working so hard.. well yes i am busy true but how fruitfuly i am utilizing the time i myself do not know i am not at all doing things which i am suppose to do i do have a lot of time apart from the work that keeps me busy but the free time passes away with a wink of an eye,many ppl have already told me that the work i am doing is not gone take me any where i dunno whether its true or not but i still hope that wat i do will some way or the other help me but then y the feeling that the time, the ppl around me are running at a speed faster than light n i look at them as if i am stationary i feel i am running that too as the fastest pace then y do i feel that im not able to cope up i really do not have an answer to this

I am in a situation where in i am stopping myself from wat i wanna tell a particular person i actually do not care wat ppl will say after i tell him/her a thing but then y am i hesitating i am really really confused re well there was a time wen i used to be least bothered abt anything then came the time where in i felt i have the right to know everything now i feel am i poking my nose and hence i back off..

I know its very vague post but lots of things going on in my mind,mixed feelings,confused thoughts,restlessness n wat not i really dunno wats ahead. Every morning i hope that today ill start fresh but the aftermaths of wat happened the earlier days prevent me to do so, now i feel like forget abt achieving the aim im soon gone loose the sight of it also soon n with the fear of doing this im running hard to get closer to it well at times i feel im runing after an illusion

thats it4 now who ever is reading plz post the comments it might help me out..
bye 4 now

Posted in life at IPE | 1 Comment »

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!!!

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 »

Strong Rupee Strong India…

Posted by Madhuresh on October 14, 2007

This is the summary of a paper that me and my freind prasenjit have written fo the finance samathi…We spent a lot of time doing our research..though we didnt qualify for the final round but i felt we did fairly well seeing the amount of time we had…..anyways this is much of studies but we are not from finance background hence have made it simple and easy to understand…u can get full paper on demand….Here it goes
currecny rates.

  A strong currency is a quick indicator of a country’s growing economic muscle. The Indian economy has always been perceived as a manufacturing economy with the growth being driven by keeping the rupee at a low, but unlike other Asian counterparts the Indian economy largely depends on domestic consumption to maintain an equitable growth. The impact of the rising rupee on the affordability of basic goods would be significant, especially by those at the bottom of the purchasing power pyramid. By doing so, it would make growth more equitable. Eventually in the long run the equitable distribution would help in making growth fair and without partiality.

             Drivers of domestic market are agriculture, construction and transportation. A strong rupee makes for cheap imports of petro-stock for fertilizer plants, coking coal for steel plants and petroleum for vehicles. These three becoming cheaper, is good news for Indians. The discourse on the merits and demerits of the strong rupee has been informed and driven by India’s export competitiveness. Detractors of the strong-rupee policy could argue that some export competitiveness would be lost in a mercantilist world where India’s rivals could increase their market share by keeping their currencies undervalued.

            However the Indian economy depends on domestic consumption to sustain equitable and widespread growth. Hence those that are dependent on the weak rupee for their competitiveness should re-engineer their export businesses soon. The rupee’s rise is the result of India’s growing ability to attract global capital. While this creates problems for some companies that earn most of their revenues in dollars, it also creates opportunities for Indian firms by making it less expensive for them to acquire overseas assets. The rupee rise also helps to tame inflation, India not only imports oil but also a number of other things like wheat etc. It is better if government does not enter and provide support, as some correction should take place by the end of next year as U.S. expenditures outside decrease. Hence we say strong rupee is good for India’s economy.

credit:-we thank CCP technology for it wonderfull support……………….

Posted in life at IPE | 2 Comments »

WE ARE RUNNING OUT OF SPACE!!!

Posted by Madhuresh on July 11, 2007

After classes today all the PGDBM students were asked to assemble in the auditorium at 4.30 pm.I was reluctant and didnt want to go i knew it would be some boring lecture. But couldnt help it had to go.So after having a nice sleep in the economics class(got used to old engineering habits) went to the audi.
WE ARE RUNNING OUT OF SPACE!!!

Already people had occupied place,me and shashank occupied last row.Found 2 of my seniors and 3 professors on the dias.Prof Sai kumar quoted “today is world population day and we are gathered here to discuss about it.”

Its so amazing,everyday we have some day or other “mothers day”,”fathers day”….i know population is growing at alarming rates,but what are we supposed to do? Go on a Family Planning Program?However,I had no idea that this Session would teach me something that i never thought about,A coin always has two sides..

Then Economics mam came and started the regular “population of india is 1.1 BILLION”…..she continued with some more statistical data.I know the no’s are high(per hour 48,000) but what am i supposed to do???

I was eagerly waiting, would the door open i am out of this place..After 10 mins at last she concluded “its a cause of concern and we ought to do something fast”.

Then came Chary sir(Amazing sir,he teaches Accounting) he started with a bang “Young Fellow Mangers i agree to that the indian population is growing at alarming rates BUT WE NEED NOT PANIC AND TAKE DRASTIC MEASURES TO CONTROL IT”.I was stunned had no clue as to what was going on,No one knew what was happening there….Some ppl here ushering/giggling words and some where clapping…

He started giving arguments to his theory as in “Why do u think Indian/chinese Economy Booming?Why are MNC’s coming to india?Is it that in India they can make more many or we have suddenly got new technological advances compared to others?Is it that there is some new talent coming out?My dear friends one of main reasons is HUMAN RESOURCE.we have the man power!!”why did i never think of this?? why is it tat i always saw the negative sides of such a high population?

he then continued saying that there is lot of demand for indians everywhere be it US,UK,AUST…..However saying this doesnt mean u can be one of them.There is a lot of competition among ourselves.he concluded saying we have to monitor the growth not control it cos it is our strenght.

Followed him where some other prof’s but i wasnt listening at all..i was thinking, lost in my own thoughts.The power of the population was so high and then struk me a thought if i take 1 rupee from each indian,i would become a BILLIONAIRE!!! Just a rupee…rite

The whole point of writing this experience is that MBA doesnt teach you as in how to do this.how to do that..it changes the way you think.Even though its only a week but i feel the difference in the way i think..

Just got back from movie DIE HARD 4.0(four point zero) gives a techie feeling to it as in a software.

post in your comments as this is my first post would love to hear from all of you as to what you thought abt it…keep visiting.Chao!Maddy

Posted in life at IPE | 15 Comments »