Nov 3 (Reuters) - Tata Motors Ltd (TAMO.BO) (TTM.N) vehicle
sales for October. OCT 2009 OCT 2008 % CHG
TOTAL SALES 53,404 39,729 34
DOMESTIC SALES 50,552 36,168 40
COMMERCIAL VEHICLES 30,541 19,154 59
PASSENGER VEHICLES* 22,232 17,378 28
NANO 3,018 n/a --
EXPORTS 2,852 3,561 -20
NOTE: Tata Motors Ltd is India's largest vehicle maker. The
figures do not include UK-based Jaguar and Land Rover brands
the company owns. It started deliveries of the Nano, the
world's cheapest car, in July. * Passenger vehicle sales include distribution of Fiat cars
by Tata Motors.
SUDEEP SINGH
PGDM IIISEM
SEC-B
Wednesday, November 4, 2009
Tuesday, November 3, 2009
Bajaj Hindustan erases gains on deal call-offBajaj Hindustan erased its gains following news of the deal being called off. The stock ended absolutely
Bajaj Hindustan erases gains on deal call-off
BS Reporter / Mumbai November 3, 2009, 16:10 IST
Bajaj Hindustan erased its gains following news of the deal being called off. The stock ended absolutely flat at Rs 197. The counter witnessed trades of over 3.70 million shares.
.rightDiv2{float:right;position:relative;width:220px;BORDER:#787962 1px solid;padding:5px}
.leftDiv2{float:left;position:relative;width:140px}
BSE
NSE
Price
function chartHide(){
document.getElementById("sbse_chart").style.display = 'none';
document.getElementById("snse_chart").style.display = 'none';
}
function schartShow(active_i)
{
chartHide();
if(active_i=="sbse_chart")
{
document.getElementById("divChart").innerHTML="";
document.getElementById("divChart").innerHTML='BSE NSE';
}else{
document.getElementById("divChart").innerHTML="";
document.getElementById("divChart").innerHTML='BSE NSE';
}
document.getElementById(active_i).style.display = "";
}
google_protectAndRun("render_ads.js::google_render_ad", google_handleError, google_render_ad);
Also Read
Related Stories
News Now
-
Intermediate trend reversal confirmed
-
Bajaj Hind eyes 37% in Balrampur Chini
-
Govt moves to end cane price politics
-
Sweet sugar?
-
Higher levy fails to sweeten sugar stocks
-
Profit surge leads sugar firms to cut debt overhang
Also Read
Related Stories
News Now
-
Sensex ends down 559pts
-
India's global trade engagement rises to 54% of GDP
-
Exports drop by 13.8% in September
-
Lloyds, RBS to sell assets to cap reliance on govt funds
-
Tarun Das steps down as CII Chief Mentor
More
Balrampur Chini Mills crashed 11.5% to a low of Rs 132 and finally ended near its low at Rs 134. Around 4.17 million shares changed hands at the counters today.
BS Reporter / Mumbai November 3, 2009, 16:10 IST
Bajaj Hindustan erased its gains following news of the deal being called off. The stock ended absolutely flat at Rs 197. The counter witnessed trades of over 3.70 million shares.
.rightDiv2{float:right;position:relative;width:220px;BORDER:#787962 1px solid;padding:5px}
.leftDiv2{float:left;position:relative;width:140px}
BSE
NSE
Price
function chartHide(){
document.getElementById("sbse_chart").style.display = 'none';
document.getElementById("snse_chart").style.display = 'none';
}
function schartShow(active_i)
{
chartHide();
if(active_i=="sbse_chart")
{
document.getElementById("divChart").innerHTML="";
document.getElementById("divChart").innerHTML='BSE NSE';
}else{
document.getElementById("divChart").innerHTML="";
document.getElementById("divChart").innerHTML='BSE NSE';
}
document.getElementById(active_i).style.display = "";
}
google_protectAndRun("render_ads.js::google_render_ad", google_handleError, google_render_ad);
Also Read
Related Stories
News Now
-
Intermediate trend reversal confirmed
-
Bajaj Hind eyes 37% in Balrampur Chini
-
Govt moves to end cane price politics
-
Sweet sugar?
-
Higher levy fails to sweeten sugar stocks
-
Profit surge leads sugar firms to cut debt overhang
Also Read
Related Stories
News Now
-
Sensex ends down 559pts
-
India's global trade engagement rises to 54% of GDP
-
Exports drop by 13.8% in September
-
Lloyds, RBS to sell assets to cap reliance on govt funds
-
Tarun Das steps down as CII Chief Mentor
More
Balrampur Chini Mills crashed 11.5% to a low of Rs 132 and finally ended near its low at Rs 134. Around 4.17 million shares changed hands at the counters today.
JRD Tata Biography
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
Born: July 29, 1904Died: on November 29, 1993Achievements: He had the honor of being India's first pilot; was Chairman of Tata & Sons for 50 years; launched Air India International as India's first international airline; received Bharat Ratna in 1992.JRD Tata was one of the most enterprising Indian entrepreneurs. He was a pioneer aviator and built one of the largest industrial houses of India.JRD Tata was born on July 29, 1904 in Paris. His mother was a French, while his father was Parsi. JRD's full name was Jehangir Ratanji Dadabhoy Tata and he was popularly known as Jeh to his friends. JRD's father Ratanji Dadabhoy Tata and Sri Jamsetji Tata shared their greatness from the same great-great-grandfather, Ervad Jamsheed Tata, a priest of Navsari.JRD Tata was the second of four children. He was educated in France, Japan and England before being drafted into the French army for a mandatory one-year period. JRD wanted to extend his service in the forces but destiny had something else in store for him. By leaving the French army JRD's life was saved because shortly thereafter, the regiment in which he served was totally wiped out during an expedition in Morocco.JRD Tata joined Tata & Sons as an unpaid apprentice in 1925. He has great interest in flying. On February 10, 1929, JRD became the first Indian to pass the pilot's examination. With this distinctive honor of being India's first pilot, he was instrumental in giving wings to India by building Tata Airlines, which ultimately became Air India. His passion for flying was fulfilled with the formation of the Tata Aviation Service in 1932.In 1938, at the age of 34, JRD was elected Chairman of Tata & Sons making him the head of the largest industrial group in India. He started with 14 enterprises under his leadership and half a century later on July 26, 1988, when he left , Tata & Sons was a conglomerate of 95 enterprises which they either started or in which they had controlling interest.JRD was the trustee of Sir Dorabji Tata Trust from its inception in 1932, which remained under his wings for over half a century. Under his guidance, this Trust established Asia's first cancer hospital, the Tata Memorial Center for Cancer, Research and Treatment, Bombay, 1941. It also founded the Tata Institute of Social Sciences, 1936 (TISS), the Tata Institute of Fundamental Research, 1945 (TIFR), and the National Center for Performing Arts.In 1948, JRD Tata launched Air India International as India's first international airline. In 1953, the Indian Government appointed JRD as Chairman of Air-India and a director on the Board of Indian Airlines-a position JRD retained for 25-years. For his crowning achievements in Aviation, JRD was bestowed with the title of Honorary Air Commodore of India.In 1956, JRD Tata initiated a program of closer "employee association with management" to give workers a stronger voice in the affairs of the company. He firmly believed in employee welfare and espoused the principles of an eight-hour working day, free medical aid, workers' provident scheme, and workmen's accident compensation schemes, which were later, adopted as statutory requirements in India.JRD Tata cared greatly for his workers. In 1979, Tata Steel instituted a new practice; a worker is deemed to be "at work" from the moment he leaves home for work till he returns home from work. The company is financially liable to the worker if any mishap takes place on the way to and from work. Tata Steel Township was also selected as a UN Global Compact City because of the quality of life, conditions of sanitation, roads and welfare that were offered by Tata Steel.JRD Tata received a number of awards. He received the Padma Vibhushan in 1957 on the eve of silver jubilee of Air India. He also received the Guggenheim Medal for aviation in 1988. In 1992, because of his selfless humanitarian endeavors, JRD Tata was awarded India's highest civilian honor, the Bharat Ratna-one of the rarest instances in which this award was granted during a person's lifetime. In the same year, JRD Tata was also bestowed with the United Nations Population Award for his crusading endeavors towards initiating and successfully implementing the family planning movement in India, much before it became an official government policy.JRD Tata died in Geneva, Switzerland on November 29, 1993 at the age of 89. On his death, the Indian Parliament was adjourned in his memory-an honor not usually given to persons who are not Members of Parliament.
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
Born: July 29, 1904Died: on November 29, 1993Achievements: He had the honor of being India's first pilot; was Chairman of Tata & Sons for 50 years; launched Air India International as India's first international airline; received Bharat Ratna in 1992.JRD Tata was one of the most enterprising Indian entrepreneurs. He was a pioneer aviator and built one of the largest industrial houses of India.JRD Tata was born on July 29, 1904 in Paris. His mother was a French, while his father was Parsi. JRD's full name was Jehangir Ratanji Dadabhoy Tata and he was popularly known as Jeh to his friends. JRD's father Ratanji Dadabhoy Tata and Sri Jamsetji Tata shared their greatness from the same great-great-grandfather, Ervad Jamsheed Tata, a priest of Navsari.JRD Tata was the second of four children. He was educated in France, Japan and England before being drafted into the French army for a mandatory one-year period. JRD wanted to extend his service in the forces but destiny had something else in store for him. By leaving the French army JRD's life was saved because shortly thereafter, the regiment in which he served was totally wiped out during an expedition in Morocco.JRD Tata joined Tata & Sons as an unpaid apprentice in 1925. He has great interest in flying. On February 10, 1929, JRD became the first Indian to pass the pilot's examination. With this distinctive honor of being India's first pilot, he was instrumental in giving wings to India by building Tata Airlines, which ultimately became Air India. His passion for flying was fulfilled with the formation of the Tata Aviation Service in 1932.In 1938, at the age of 34, JRD was elected Chairman of Tata & Sons making him the head of the largest industrial group in India. He started with 14 enterprises under his leadership and half a century later on July 26, 1988, when he left , Tata & Sons was a conglomerate of 95 enterprises which they either started or in which they had controlling interest.JRD was the trustee of Sir Dorabji Tata Trust from its inception in 1932, which remained under his wings for over half a century. Under his guidance, this Trust established Asia's first cancer hospital, the Tata Memorial Center for Cancer, Research and Treatment, Bombay, 1941. It also founded the Tata Institute of Social Sciences, 1936 (TISS), the Tata Institute of Fundamental Research, 1945 (TIFR), and the National Center for Performing Arts.In 1948, JRD Tata launched Air India International as India's first international airline. In 1953, the Indian Government appointed JRD as Chairman of Air-India and a director on the Board of Indian Airlines-a position JRD retained for 25-years. For his crowning achievements in Aviation, JRD was bestowed with the title of Honorary Air Commodore of India.In 1956, JRD Tata initiated a program of closer "employee association with management" to give workers a stronger voice in the affairs of the company. He firmly believed in employee welfare and espoused the principles of an eight-hour working day, free medical aid, workers' provident scheme, and workmen's accident compensation schemes, which were later, adopted as statutory requirements in India.JRD Tata cared greatly for his workers. In 1979, Tata Steel instituted a new practice; a worker is deemed to be "at work" from the moment he leaves home for work till he returns home from work. The company is financially liable to the worker if any mishap takes place on the way to and from work. Tata Steel Township was also selected as a UN Global Compact City because of the quality of life, conditions of sanitation, roads and welfare that were offered by Tata Steel.JRD Tata received a number of awards. He received the Padma Vibhushan in 1957 on the eve of silver jubilee of Air India. He also received the Guggenheim Medal for aviation in 1988. In 1992, because of his selfless humanitarian endeavors, JRD Tata was awarded India's highest civilian honor, the Bharat Ratna-one of the rarest instances in which this award was granted during a person's lifetime. In the same year, JRD Tata was also bestowed with the United Nations Population Award for his crusading endeavors towards initiating and successfully implementing the family planning movement in India, much before it became an official government policy.JRD Tata died in Geneva, Switzerland on November 29, 1993 at the age of 89. On his death, the Indian Parliament was adjourned in his memory-an honor not usually given to persons who are not Members of Parliament.
CIT goes bankrupt; fifth largest bankruptcy in US
NEW YORK: The century-old American lender CIT Group has filed for bankruptcy, the fifth largest in the country's corporate history by assets at $71 billion.
CIT, which finances small and middle market businesses, has sought bankruptcy protection after the failure of its planned debt-exchange offer with bond holders.
The bankruptcy, which reflects the continuing credit woes in the US economy, is the largest following that of Lehman Brothers, Washington Mutual, Worldcom and General Motors. Going by estimates, only four entities had more assets than CIT, when they went bankrupt.
According to the court filing, CIT had total assets worth USD 71 billion while the liabilities stood at USD 64.9 billion, as on June 30, 2009.
At the time of bankruptcy, Lehman had assets to the tune of USD 691 billion, Washington Mutual ($328 billion), World Com ($104 billion) and General Motors ($91 billion).
Interestingly, four of the five bankruptcies -- Lehman, Washington Mutual, General Motors and CIT -- have happened in the wake of the financial meltdown.
In a statement on Sunday, CIT said the company and one of its subsidiary, has filed for "prepackaged" reorganisation with support of its debt holders and Board's approval.
Following the reorganisation, the company expects to lower its debt by about $10 billion.
To tide over the financial meltdown, the US had pumped in billions of dollars into CIT.
POSTED BY: PALLAVI SINGH
PGDM III SEM
CIT, which finances small and middle market businesses, has sought bankruptcy protection after the failure of its planned debt-exchange offer with bond holders.
The bankruptcy, which reflects the continuing credit woes in the US economy, is the largest following that of Lehman Brothers, Washington Mutual, Worldcom and General Motors. Going by estimates, only four entities had more assets than CIT, when they went bankrupt.
According to the court filing, CIT had total assets worth USD 71 billion while the liabilities stood at USD 64.9 billion, as on June 30, 2009.
At the time of bankruptcy, Lehman had assets to the tune of USD 691 billion, Washington Mutual ($328 billion), World Com ($104 billion) and General Motors ($91 billion).
Interestingly, four of the five bankruptcies -- Lehman, Washington Mutual, General Motors and CIT -- have happened in the wake of the financial meltdown.
In a statement on Sunday, CIT said the company and one of its subsidiary, has filed for "prepackaged" reorganisation with support of its debt holders and Board's approval.
Following the reorganisation, the company expects to lower its debt by about $10 billion.
To tide over the financial meltdown, the US had pumped in billions of dollars into CIT.
POSTED BY: PALLAVI SINGH
PGDM III SEM
Industry set to add new jobs in Oct-Dec
CHENNAI: Last Christmas was a forgettable one for most employed Indians. But, this year, the Santa promises a merry Christmas. After sharp job cuts in the first half of 2009, the industrial sector will become a net hirer in the fourth quarter (October-December). Besides, an improving employment outlook augurs well for private consumption demand. According to the Reserve Bank's industrial outlook survey, collated by Nomura Financial Advisory, a net 8.8% of firms surveyed expect to increase employment in the fourth quarter of 2009 — a sharp improvement from around 5.1% in the second quarter, when a larger net share of firms expected to reduce, rather than increase, employment.
All industries, except textiles, are expected to increase their employment levels in the fourth quarter because of an expected increase in demand. Weak export demand continues to weigh on textiles.
At 8.8% in the October-December quarter, the 'net response' on employment is still below the peak of around 18-20% seen in early 2008, but it is comparable to employment conditions in late 2005, the report said. "An improving employment outlook also bodes well for private consumption demand in quarters ahead, and could partly offset the drag from lower rural demand this fiscal year," said Sonal Varma, analyst with Nomura. "Improved employment conditions would also help lay a solid foundation for sustainable consumption demand."
Hewitt Associates, a global HR consultant, felt that the war for attracting talent would gain momentum in the days to come. "Things are much better on employment scene. We expect upwards trends in hiring to gain further momentum, both lateral and middle levels," said Nitin Sethi, business leader (consulting), Hewitt Associates. "Sectors like telecom, pharma and IT are showing signs of recruitment."
However, some sectors like retail would continue to be laggard. "Retail sector is wearing a gradual and cautious look towards recruitment. That is because, the investments have been heavy (in the sector) and might take some more time before they start recruitment in a big way," Sethi said.
Staffing firm Ma Foi Consultants said that more clients of theirs are positive these days. "Overall there is a greater drive towards recruitment. Several state governments are also hiring to fill up vacancies in education and health departments," Pandia Rajan, founder of Ma Foi, told TOI.
All industries, except textiles, are expected to increase their employment levels in the fourth quarter because of an expected increase in demand. Weak export demand continues to weigh on textiles.
At 8.8% in the October-December quarter, the 'net response' on employment is still below the peak of around 18-20% seen in early 2008, but it is comparable to employment conditions in late 2005, the report said. "An improving employment outlook also bodes well for private consumption demand in quarters ahead, and could partly offset the drag from lower rural demand this fiscal year," said Sonal Varma, analyst with Nomura. "Improved employment conditions would also help lay a solid foundation for sustainable consumption demand."
Hewitt Associates, a global HR consultant, felt that the war for attracting talent would gain momentum in the days to come. "Things are much better on employment scene. We expect upwards trends in hiring to gain further momentum, both lateral and middle levels," said Nitin Sethi, business leader (consulting), Hewitt Associates. "Sectors like telecom, pharma and IT are showing signs of recruitment."
However, some sectors like retail would continue to be laggard. "Retail sector is wearing a gradual and cautious look towards recruitment. That is because, the investments have been heavy (in the sector) and might take some more time before they start recruitment in a big way," Sethi said.
Staffing firm Ma Foi Consultants said that more clients of theirs are positive these days. "Overall there is a greater drive towards recruitment. Several state governments are also hiring to fill up vacancies in education and health departments," Pandia Rajan, founder of Ma Foi, told TOI.
Posted by: Pallavi singh
PGDM III SEM
Finance & Economy
Finance & Economy
Reliance to foray into education?
If reports/rumours are to be believed, RIL will be foraying into the education space .
According to an IDFC-SSKI report, Indians spend $50 billion annually on private education. The four segments of the education market — plus two, higher, vocational and supplemental — present a $80-billion opportunity by 2012. It is expected to grow at a CAGR of 16%, says a CLSA Pacific study.
Private equity and venture capital investors have made over 30 investments worth $300 million in the recent years, though, a fourth of these investments (in value terms) have gone to e-learning.
The existing rules restrict ownership of schools to trusts and no-profit bodies. While fees are not restricted, regulations come in the way of distribution of dividends or investment of surplus money in setting up schools.
The government is reportedly moving in the direction of deregulation of the sector.
An E&Y-Ficci report says India has a gross enrollment ratio (GER) of only 11% in higher education compared to about 60% in the US and Canada, and around 21% (average) in the BRIC countries. The higher education institutions (HEIs) in India can accommodate only 7-8% of the country’s college-age students.
Reforming the DGH (Directorate General of Hydrocarbons)
With the laying down of office by the present DGH Mr. VK Sibal amid some controversial circumstances, calls for sprucing up the DGH and redefining its role have made their appearance.
In 1993, when it was formed out of the resolution of the ministry of petroleum and natural gas, it was supposed to be the institution that is created as an 'independent regulatory body.' But remained far from independent and in fact its role was reduced to that of 'assisting the government' in both contractual and technical matters.
In 2001, the Naresh Narad Committee examined the need for setting up of an upstream hydrocarbon regulatory authority. Though, it recognised the need to distance regulation from government, it was not unanimous on DGH’s role. Later, the possibility of authorising common jurisdiction with the downstream regulator (Petroleum & Natural Gas Regulatory Board) was also discussed.
At present, there is no statutory upstream regulator. But DGH acts as one, de facto.
Historically, Dasgupta Committee (1991) envisaged reservoir management as the essential function of a regulator. Kaul Committee (1992) added leasing development conservation.
Government gives priority to educaitonal loans
Getting an education loan may become easier. The government plans to cushion public sector banks against any default on education loans, the primary reason why PSBs are often reluctant to give out such loans that does not have enough guarantee.
The government plans to protect education loans under a new credit guarantee scheme and has already asked the Indian Banks’ Association (IBA) to formulate a draft proposal, said a senior official with the finance ministry.
Due to a sharp increase in education loan offtake to Rs 32,460 crore, which is largely unsecured loan (without any collateral), senior officials of public sector banks have expressed apprehension that such a large loan component might impact the strength of the banks, particularly in case of default, as these loans are not backed by collateral.
The total outstanding education loans of public sector banks as on March 2009 were Rs 27,646 crore, a 39.51% increase from Rs 19,817 crore
Reliance to foray into education?
If reports/rumours are to be believed, RIL will be foraying into the education space .
According to an IDFC-SSKI report, Indians spend $50 billion annually on private education. The four segments of the education market — plus two, higher, vocational and supplemental — present a $80-billion opportunity by 2012. It is expected to grow at a CAGR of 16%, says a CLSA Pacific study.
Private equity and venture capital investors have made over 30 investments worth $300 million in the recent years, though, a fourth of these investments (in value terms) have gone to e-learning.
The existing rules restrict ownership of schools to trusts and no-profit bodies. While fees are not restricted, regulations come in the way of distribution of dividends or investment of surplus money in setting up schools.
The government is reportedly moving in the direction of deregulation of the sector.
An E&Y-Ficci report says India has a gross enrollment ratio (GER) of only 11% in higher education compared to about 60% in the US and Canada, and around 21% (average) in the BRIC countries. The higher education institutions (HEIs) in India can accommodate only 7-8% of the country’s college-age students.
Reforming the DGH (Directorate General of Hydrocarbons)
With the laying down of office by the present DGH Mr. VK Sibal amid some controversial circumstances, calls for sprucing up the DGH and redefining its role have made their appearance.
In 1993, when it was formed out of the resolution of the ministry of petroleum and natural gas, it was supposed to be the institution that is created as an 'independent regulatory body.' But remained far from independent and in fact its role was reduced to that of 'assisting the government' in both contractual and technical matters.
In 2001, the Naresh Narad Committee examined the need for setting up of an upstream hydrocarbon regulatory authority. Though, it recognised the need to distance regulation from government, it was not unanimous on DGH’s role. Later, the possibility of authorising common jurisdiction with the downstream regulator (Petroleum & Natural Gas Regulatory Board) was also discussed.
At present, there is no statutory upstream regulator. But DGH acts as one, de facto.
Historically, Dasgupta Committee (1991) envisaged reservoir management as the essential function of a regulator. Kaul Committee (1992) added leasing development conservation.
Government gives priority to educaitonal loans
Getting an education loan may become easier. The government plans to cushion public sector banks against any default on education loans, the primary reason why PSBs are often reluctant to give out such loans that does not have enough guarantee.
The government plans to protect education loans under a new credit guarantee scheme and has already asked the Indian Banks’ Association (IBA) to formulate a draft proposal, said a senior official with the finance ministry.
Due to a sharp increase in education loan offtake to Rs 32,460 crore, which is largely unsecured loan (without any collateral), senior officials of public sector banks have expressed apprehension that such a large loan component might impact the strength of the banks, particularly in case of default, as these loans are not backed by collateral.
The total outstanding education loans of public sector banks as on March 2009 were Rs 27,646 crore, a 39.51% increase from Rs 19,817 crore
10 Biggest email blunders of 2009
Remember the time when you sent that gossip mail to your boss accidentally? Thought an email blunder couln't get bigger than this! Take heart you are not the only one, there are people and organisations who can empathise with your sorrow/embarrassment/bewilderment! Email solutions company Proofpoint recently put together some of the "scariest" email-related blunders, mishaps and threats from this year. In no particular order, Proofpoint highlights some of 2009's biggest email mishaps.
DIPANKER SUHALKA
PGDM III SEM
Subscribe to:
Posts (Atom)