1.EMPIRES OF MIND
2.RE-ENGINERRING THE CORPORATION
3.MIND OF THE STRATEGIST
4.THE FUTURE OF LEADERSHIP
5.FUTURE-AT THE BOTTOM OF THE PYRAMID
6.Competing for the Future
7.Future of competition
8.Power Laws of Success
9.The art of the start
10.The art of Impossible thinking
11.Tactics
by Edward de vBono
12.The Alchemist
13.The borderless World
14.innovation & Etrepreneurship
15.The naked entrepreneur
16.Book of five rings
17.the art of war
18.In search of excellence
19.Passion for excellence
20.Limits to growth
21.The Future of competition
22.The adaptive enterprise
23.Beyond Punjab
24.Harvard Business Review on LEADERSHIP
25.Power of Intention
26.Managing in Trobulent Times
27.Smart Sourcing
28.First Break All the Rules!
29.Building Wealth By Lester C Thurow
30.Individualised corporation
by Sumanthra Ghosal & Christopher A Bartlett
31.Pulling your own strings
by Dr Wayne W Dyer
32.Corporate Imagination PLUS by James F Bandrowski
33.THE TOM PETERS SEMINAR
by Tom Peters.
34.Understanding Human Behavior By Mary Elizabeth
Delmar Publishers
35.POSITIVE LEADERSHIP
by Mike Magee
36.MAXIMUM ACHIEVEMENT
by BRIAN TRACY
simon schuster
37.The Art of Abstracting
by Edward T Cremins. 38.Passion
Profit & Power by Marshall Sylver
pub>Simon Schuster
40.The Next Global Stage
by Kenichi Ohmae
41.Rethinking of the Future by Rowan Gibson
42.Make your mind work for you
by Joan Minninger & Eleanor Dugan
43.The are of success
by the editors of fortune
published by Times of India
44.How to sell your way through Life
by Napoleon Hill.
45.The Arc of Ambition
by James Champy and Nitin Nohria
46.Discover your Destiny
by Robin Sharma
47.How to forsee and control your future
by Harold Shermen
48.Body Language
by Julius Fast
49.Inspiring People
who made a difference
by-a Reders' Digest Selection
50.The Rule of work
by Richard Templar
51.Laws of success
by Napleon Hill
52.LIFE ZONES, by Richard Corriere, &
Patrick McGrady Jr
53.
Tuesday, September 30, 2008
Thursday, September 25, 2008
Change in World Body
published in Mumbaimirro/25 sept/2008
France wants India in G-8
Back to Section Stories Posted On Thursday, September 25, 2008
PTI
France President Sarkozy at the UN headquarters in New YorkUnited Nations: France made a strong case for expansion of the UN Security Council and Group of Eight industrialised nations on Wednesday, saying "we cannot wait any longer" to bring in countries like India and China into G-8.
France wants India in G-8
Back to Section Stories Posted On Thursday, September 25, 2008
PTI
France President Sarkozy at the UN headquarters in New YorkUnited Nations: France made a strong case for expansion of the UN Security Council and Group of Eight industrialised nations on Wednesday, saying "we cannot wait any longer" to bring in countries like India and China into G-8.
"The 21st century world cannot be governed with the institutions of the 20th century," French President Nicolas Sarkozy told the United Nations General Assembly.
"Let today's major powers and the powers of tomorrow unite to shoulder together the responsibilities their influence give them in world affairs," Sarkozy, who is the current president of the EU, said.
He favoured expansion of the powerful 15-member Council and G-8, saying that it is not just "a matter fairness" but a necessary condition for "being able to act effectively".
"We cannot wait any longer to enlarge the Security Council. We cannot wait any longer to turn the G8 into the G13 or G14 and to bring in China, India, South Africa, Mexico and Brazil," said Sarkozy, who will host Prime Minister Manmohan Singh on September 30.
India is among the countries which are strong favourites for becoming a permanent member in an expanded Council.Currently, the permanent members are the United States, Britain, France, Russia and China.
*******************************************************************************************
My-comments:-President sarzoky is very practical when proposing India to get permanent membership of UN security council.And again a very futuristic leader to contain China, India, South Africa, Mexico and Brazil," into G-8 expansion.How can the world to become a better place ignorinmg the presence of these fast moving economies-when the developed world have negligible growth and have their market saturated!And coming back to modern educational formats-'every particle or object has a natural affinity to expand/not contraction or convergence'!Why they want to remain as 'strong power with veto and show their arrogance in world affairs!if responsible geo-political peace to be maintained, they have to update according to the 'changing scenario-or will face the wrath of natural course of destructive behavior of this earth planet, like the one already experineced "the split of USSR" into 11 something small pieces.We have to give a thought to accommodate change! my comments
Wednesday, September 17, 2008
Monday, September 15, 2008
GLOBALISATION>fast pacers
1.facebook, 2.Google. Have become "global"in five years time.
"on Globalisation">
Kumar Mangalam Birla
work force:1,00,000
comprising 25 nationalities
Operation in 25 countries
Turn Over:usd.28 bn,
60% comes from overseas.
INTERNATIONAL:-
KPMG:-EMPLOYING 1,00,000 PEOPLE
BT Group empoying 1,00,000 people
Both have prospered by seizing the opportunity presented by "Globalisation of World Trade".
Mumbai.Dated.15th Sep/2008
"on Globalisation">
Indians are "value Conscious", they will do it "faster"-rather than "slower".But when they would gain that "threshold" functional Literacy-that time will answer!
Note:'no cpying in "globalisation">You have to change the game>if you want to make a mark.
INDIAN newsmakers:-Kumar Mangalam Birla
work force:1,00,000
comprising 25 nationalities
Operation in 25 countries
Turn Over:usd.28 bn,
60% comes from overseas.
INTERNATIONAL:-
KPMG:-EMPLOYING 1,00,000 PEOPLE
BT Group empoying 1,00,000 people
Both have prospered by seizing the opportunity presented by "Globalisation of World Trade".
Mumbai.Dated.15th Sep/2008
Saturday, September 13, 2008
TRACKING L&T & ISPAT
1.L&T carved out 12 new subsidiaries
FPJ.30/08/2008
2.ispat Floats three firms for ore Supply
FC-2908/2008
3.Tata Steel Global eyes PE
mint.2908/08
FPJ.30/08/2008
2.ispat Floats three firms for ore Supply
FC-2908/2008
3.Tata Steel Global eyes PE
mint.2908/08
TATA STEEL GLOBAL
Posted: Fri, Aug 29 2008. 4:00 AM IST
Published on page 1 , WWW.LIVEMINT.COM, 2908/2008
Home
Tata Steel Global eyes $1 bn PE deal
Deal may be in exchange for 8-10% stake in firm; money likely to be used to fund the purchase of a coal or iron ore mine
Nesil Staney, nesil.s@livemint.com
Email Print
del.icio.us
digg
newsVine
font size
Tata Steel Global Holding Pte Ltd, the Singapore-based subsidiary that owns the international steel and mining assets of Tata Steel Ltd, the country’s largest steel maker, is in talks to raise at least $1 billion (about Rs4,400 crore) through private equity (PE) transactions or a private placement of shares with institutional investors, and likely use the money to fund the purchase of a coal or iron ore mine or part of one.
In the wake of a sharp surge in raw material prices, Tata Steel and other Indian steel makers are looking to acquire iron ore, limestone and coal mines abroad.
The private equity deal could be in exchange for an 8-10% stake in Tata Steel Global, said a senior transaction adviser at a multinational investment bank operating in India who is familiar with the development.
This would peg the subsidiary’s enterprise value at more than $12 billion.
The current market capitalization, or market value, of the parent Tata Steel in local bourses has slipped just below $10 billion, following a slump in domestic equity markets this year.
A second investment banker, with another foreign firm, confirmed that Tata Steel is in discussions with private equity firms and some other large funds. Both bankers did not want to be identified as the deal hasn’t been finalized yet.
A Tata Steel Ltd spokesperson, in reply to a detailed email query, said he was “not in a position to comment”.
Two analysts said the move is logical.
“Tata Steel is looking to buy overseas coal assets,” said Manish Sonthalia, head of equity research at local brokerage Motilal Oswal Financial Services Ltd. Loans taken for funding the company’s Corus acquisition have been taken care of and there is no need for fresh loans, he added.
Tata Steel plans to buy assets, mainly iron ore, coal and limestone mines, worth $2 billion, said a steel sector analyst at a foreign brokerage in India who did not wish to be named. The fund-raising could only have a positive impact on the parent firm’s shares traded locally, he added.
Tata Steel Global’s assets include British steel maker Corus, Tata Steel Thailand (formerly Millennium Steel), Tata Steel Global Minerals and NatSteel Asia.
Corus, Europe’s second largest steel producer with annual revenues of around £12 billion and annual crude steel production of more than 20 million tonnes (mt), was acquired by Tata Steel in 2007 for £6.2 billion.
While Tata Steel’s operations in India have sufficient primary raw material such as iron ore to feed its plant in Jamshedpur, it has to import a third of the coal it needs. Corus is also largely dependent on long-term contracts with suppliers and so-called spot purchases.
This has been hurting Tata Steel’s consolidated results since the acquisition, as the British steel maker accounts for nearly one-third of the parent company’s consolidated revenue.
The two entities together hold reserves to meet just about 20% of their raw material requirements, increasing the cost of steel production.
Steel companies are scrambling to grab whatever mining assets they can as iron ore prices have nearly doubled this year coking coal rates have surged threefold.
“The perception of risk on the global subsidiary holds more for the UK steel firm,” said a third analyst who tracks Tata Steel for another foreign brokerage.
According to this analyst, though the outlook for Indian steel companies is not bright in the current environment, it is unlikely to affect valuation of Tata Steel Global.
Tata Steel, which was valued at Rs68,312 crore early this year, has seen a 39% slump in its market capitalization to stand at Rs41,775 crore as on Thursday.
The stock, part of India’s benchmark index Sensex, fell 1.65% to close at Rs571.80 on the Bombay Stock Exchange on Thursday, while the 30-stock benchmark index fell 1.75%, or 248.45 points, to end at 14048.34. The Sensex has fallen by at least 30% this year.
Tata Steel, along with its associates, has operations in 24 countries and commercial presence in more than 50 nations.
The company is looking at forming iron-ore and coal ventures in Mozambique and is scouting for limestone ventures in Oman, chairman Ratan Tata said at the company’s shareholder meeting on Thursday.
Tata Steel Ltd said on Thursday its consolidated net profit, including Corus, surged 60% to Rs3,900 crore in the first quarter ended 30 June, on increased prices and output of high-grade products. Excluding Corus, the company had last month posted a 22% jump in June-quarter profit to Rs1,422 crore.
Debarati Roy and Paresh Jatakia of Bloomberg contributed to the story.
Published on page 1 , WWW.LIVEMINT.COM, 2908/2008
Home
Tata Steel Global eyes $1 bn PE deal
Deal may be in exchange for 8-10% stake in firm; money likely to be used to fund the purchase of a coal or iron ore mine
Nesil Staney, nesil.s@livemint.com
Email Print
del.icio.us
digg
newsVine
font size
Tata Steel Global Holding Pte Ltd, the Singapore-based subsidiary that owns the international steel and mining assets of Tata Steel Ltd, the country’s largest steel maker, is in talks to raise at least $1 billion (about Rs4,400 crore) through private equity (PE) transactions or a private placement of shares with institutional investors, and likely use the money to fund the purchase of a coal or iron ore mine or part of one.
In the wake of a sharp surge in raw material prices, Tata Steel and other Indian steel makers are looking to acquire iron ore, limestone and coal mines abroad.
The private equity deal could be in exchange for an 8-10% stake in Tata Steel Global, said a senior transaction adviser at a multinational investment bank operating in India who is familiar with the development.
This would peg the subsidiary’s enterprise value at more than $12 billion.
The current market capitalization, or market value, of the parent Tata Steel in local bourses has slipped just below $10 billion, following a slump in domestic equity markets this year.
A second investment banker, with another foreign firm, confirmed that Tata Steel is in discussions with private equity firms and some other large funds. Both bankers did not want to be identified as the deal hasn’t been finalized yet.
A Tata Steel Ltd spokesperson, in reply to a detailed email query, said he was “not in a position to comment”.
Two analysts said the move is logical.
“Tata Steel is looking to buy overseas coal assets,” said Manish Sonthalia, head of equity research at local brokerage Motilal Oswal Financial Services Ltd. Loans taken for funding the company’s Corus acquisition have been taken care of and there is no need for fresh loans, he added.
Tata Steel plans to buy assets, mainly iron ore, coal and limestone mines, worth $2 billion, said a steel sector analyst at a foreign brokerage in India who did not wish to be named. The fund-raising could only have a positive impact on the parent firm’s shares traded locally, he added.
Tata Steel Global’s assets include British steel maker Corus, Tata Steel Thailand (formerly Millennium Steel), Tata Steel Global Minerals and NatSteel Asia.
Corus, Europe’s second largest steel producer with annual revenues of around £12 billion and annual crude steel production of more than 20 million tonnes (mt), was acquired by Tata Steel in 2007 for £6.2 billion.
While Tata Steel’s operations in India have sufficient primary raw material such as iron ore to feed its plant in Jamshedpur, it has to import a third of the coal it needs. Corus is also largely dependent on long-term contracts with suppliers and so-called spot purchases.
This has been hurting Tata Steel’s consolidated results since the acquisition, as the British steel maker accounts for nearly one-third of the parent company’s consolidated revenue.
The two entities together hold reserves to meet just about 20% of their raw material requirements, increasing the cost of steel production.
Steel companies are scrambling to grab whatever mining assets they can as iron ore prices have nearly doubled this year coking coal rates have surged threefold.
“The perception of risk on the global subsidiary holds more for the UK steel firm,” said a third analyst who tracks Tata Steel for another foreign brokerage.
According to this analyst, though the outlook for Indian steel companies is not bright in the current environment, it is unlikely to affect valuation of Tata Steel Global.
Tata Steel, which was valued at Rs68,312 crore early this year, has seen a 39% slump in its market capitalization to stand at Rs41,775 crore as on Thursday.
The stock, part of India’s benchmark index Sensex, fell 1.65% to close at Rs571.80 on the Bombay Stock Exchange on Thursday, while the 30-stock benchmark index fell 1.75%, or 248.45 points, to end at 14048.34. The Sensex has fallen by at least 30% this year.
Tata Steel, along with its associates, has operations in 24 countries and commercial presence in more than 50 nations.
The company is looking at forming iron-ore and coal ventures in Mozambique and is scouting for limestone ventures in Oman, chairman Ratan Tata said at the company’s shareholder meeting on Thursday.
Tata Steel Ltd said on Thursday its consolidated net profit, including Corus, surged 60% to Rs3,900 crore in the first quarter ended 30 June, on increased prices and output of high-grade products. Excluding Corus, the company had last month posted a 22% jump in June-quarter profit to Rs1,422 crore.
Debarati Roy and Paresh Jatakia of Bloomberg contributed to the story.
Monday, September 1, 2008
Tracking Important Links-BUSINESS
1.MENTORING
www.techtribe.com
2.Mentoring
www.connects2win.com
3.BV Beluga Skysails
search-search-search
4.India Infrastructure Publishing Pvt Ltd
***PAICHHA***Mumbai.0109/2008
www.techtribe.com
2.Mentoring
www.connects2win.com
3.BV Beluga Skysails
search-search-search
4.India Infrastructure Publishing Pvt Ltd
***PAICHHA***Mumbai.0109/2008
TRACKING>NEWS SEGMENTS
1.GEOLOGICAL SURVEY OF INDIA
2.SREI EQUIPMENT>FORAY INTO
MEDICAL KIT/IT KIT
3.GUAR SEE/GUAR GUM
4.AIRPORT LINKS/INDIA-BENCHMARKING -GLOBAL BUSINESS DESIGN.
***PAICHHA***1/SEP/2008.Mumbai
2.SREI EQUIPMENT>FORAY INTO
MEDICAL KIT/IT KIT
3.GUAR SEE/GUAR GUM
4.AIRPORT LINKS/INDIA-BENCHMARKING -GLOBAL BUSINESS DESIGN.
***PAICHHA***1/SEP/2008.Mumbai
TRACKING SREI INFRASTRUCTURE FINANCE LTD
22/12/2006>BUSINESS LINE
Back to Financial News
SREI Infra to raise Rs 675 cr thru ECBs
T.E. Raja SimhanArchana Venkat
To fund domestic, overseas operations
Chennai , Dec. 21
SREI Infrastructure Finance Ltd (formerly SREI International Finance Ltd) plans to raise around $150 million (Rs 675 crore) through external commercial borrowings (ECBs).
Of this, the first application for about $100 million (Rs 450 crore) would be for the company's infrastructure finance operations and the second application for $50 million towards infrastructure equipment finance, according to Mr K.K. Mohanty, Executive Director, SREI.
The company has sought clearance from the Union Government for the $100-million ECB application.
The funds raised will be used to expand the company's domestic and overseas operations. "Domestically, we will focus on rural infrastructure development and also certain areas of urban infrastructure development like water pipe networks and storage facilities," said Mr Mohanty.
At present, the company has presence in equipment financing related to roadways, irrigation, mining and urban development.
Mr Mohanty said the infrastructure equipment industry today was worth Rs 10,000 crore and would grow to Rs 50,000 crore over the next three years. Keeping pace with this growing market, the company is also entering relatively new segments such as providing seaport, airport and material handling equipment.
Russian deals
SREI has overseas presence in Russia and plans to enter the West Asian market. Over the last 18 months, the company has signed over 100 deals in Russia aggregating revenues of about 10 million euros. Volvo, Kamatsu, Caterpillar and Hitachi are some companies that SREI rented equipment to in Russia.
Equipment leasing
When asked about the Indian equipment leasing market, Mr Mohanty said leasing was very tax-sensitive in India, whereas all over the globe, it was the simplest way to create infrastructure. The total market size for equipment leasing in India is around Rs 11,000 crore of which SREI has 35 per cent market share, he said. The company leases infrastructure equipment besides wagons and telecom towers.
"We are encouraging clients to look at equipment lease from usability and affordability perspectives," he said. At present most customers look at owning equipment.
22/12/2006
Back to Financial News
Back to Financial News
SREI Infra to raise Rs 675 cr thru ECBs
T.E. Raja SimhanArchana Venkat
To fund domestic, overseas operations
Chennai , Dec. 21
SREI Infrastructure Finance Ltd (formerly SREI International Finance Ltd) plans to raise around $150 million (Rs 675 crore) through external commercial borrowings (ECBs).
Of this, the first application for about $100 million (Rs 450 crore) would be for the company's infrastructure finance operations and the second application for $50 million towards infrastructure equipment finance, according to Mr K.K. Mohanty, Executive Director, SREI.
The company has sought clearance from the Union Government for the $100-million ECB application.
The funds raised will be used to expand the company's domestic and overseas operations. "Domestically, we will focus on rural infrastructure development and also certain areas of urban infrastructure development like water pipe networks and storage facilities," said Mr Mohanty.
At present, the company has presence in equipment financing related to roadways, irrigation, mining and urban development.
Mr Mohanty said the infrastructure equipment industry today was worth Rs 10,000 crore and would grow to Rs 50,000 crore over the next three years. Keeping pace with this growing market, the company is also entering relatively new segments such as providing seaport, airport and material handling equipment.
Russian deals
SREI has overseas presence in Russia and plans to enter the West Asian market. Over the last 18 months, the company has signed over 100 deals in Russia aggregating revenues of about 10 million euros. Volvo, Kamatsu, Caterpillar and Hitachi are some companies that SREI rented equipment to in Russia.
Equipment leasing
When asked about the Indian equipment leasing market, Mr Mohanty said leasing was very tax-sensitive in India, whereas all over the globe, it was the simplest way to create infrastructure. The total market size for equipment leasing in India is around Rs 11,000 crore of which SREI has 35 per cent market share, he said. The company leases infrastructure equipment besides wagons and telecom towers.
"We are encouraging clients to look at equipment lease from usability and affordability perspectives," he said. At present most customers look at owning equipment.
22/12/2006
Back to Financial News
Subscribe to:
Posts (Atom)
