Hi friends...
In this post I am going to tell you about Cyrus Pallonji Mistry,the anointed successor of Tata Group succeeded by Mr.Ratan Tata.
The history of tata group is as follows..:-
Jamsetji Nusserwanji tata-(1887-1904)
Sir dorabji tata-(1904-1932)
Sir nowroji saklatvala-(1932-1938)
JRD tata-(1938-1991)
Rattan Tata-(1991-2012)
And now Cyrus Pallonji Mistry who has the responsibility of Tata sons which has 100-odd companies withing the group,with revenues of $83 billion.it controls 31 publicly listed companies with a combined share holder wealth of $77 billion.
There have been rumours that Noel Tata could be the new successor, In the end, he lost out to his brother-in-law .The reason given for that was that Noel Tata could expertise his skils only in retail marketing.
And Cyrus Mistry has multi-faceted business expertise. He’s a commerce graduate from the University of Mumbai, Cyrus Mistry went on to pursue an engineering degree from the Imperial College, London, and master the science of management at the London School of Business and he he joined as a board member of Tata Sons in September 2006.
Mistry is also the chairman of Afcons Infrastructure, which is into mega civil and engineering projects. He is also on the board of various major companies. He has served as a non-executive director of Forbes Gokak Ltd. and was associated with Convergence Media Pvt. Ltd. as senior vice president, operations and planning, and UTV Toons India. He has over two decades' experience in the Indian entertainment industry in the fields of filmmaking and animation, technical and production pipeline management.
Now comes the question whats in store for Mr.Pallonji ??
The big players are namely
Tata Motors
Tata Steel
Tata Consulatancy services
Tata Power
Tata Communications
Tata Chemicals
Tata Industries
Tata Global beverages
Voltas
Tata Teleservices
The starting journey can be a little difficult because the world has dramatically changed and continues to change, with the next decade being characterized by slow growth and Globalization is like gravity. You can't deny its existence, you have to harness its full potential  and Then there are three significant roadblocks in front of India as a country - corruption, infrastructure and poverty. What must the Indian corporate do to alleviate poverty , attack corruption and build world class infrastructure? The Tata Group has a rich history, enormous capabilities and a strong balance sheet. Mistry has to build upon the enormous assets of the Tata Group as he reinvents the company.
Hope for the best for Ratan Tata's successor at Tata Sons & Pallonji group scion who is going to be a legacy in Indian economy…
Take care…

Rupee and dollar conundrum…L

Statistics for today-

Sensex down by 365 points and few days back it was down by 425 points and we can see some further drop also..

1 Dollar is at rs.52

Now what is driving this rush in rupee-dollar…???????

Tentatively supply and demand fixes the value of dollar. In the market if rupees are more and dollars are less, then price of dollar will automatically go up.

The rupee is under pressure as foreign investors are paring their exposure to Asia's third-largest economy amid global uncertainty and mounting worries over the domestic economy

The main factors that influence the value of currency are:-

First factor: Expected “inflation” difference between two countries….inflation causes money to lose value over time, and now more of people wants to hold dollar and since the inflation rate is lower in USA, people wants to hold more of dollar and so it will be worth more if currency is converted to dollars.

And dollars has the universal acceptance so everyone wants to sell rupee and buy dollars.

Second Factor: GOLD

How gold affects currencies

All the currencies are backed by gold,and  a country that exports gold or has access to gold reserves will see an increase in the strength of its currency when gold prices increase, since this increases the value of the country's total exports.

Interest rates and economic durability also play a role in exchange rates.

By economic durability I mean the ability of an economy to react and adjust to acute and chronic disturbances in the most efficient manner.

Effects

Software exporters gain
Indian companies selling their services abroad too stand to benefit with each appreciating dollar or any other currency which is on the rising spree against the Indian rupee. IT major Infosys and Tata Consultancy are among some of the companies, which sell their services abroad.

But fall in rupee is likely to affect a vast majority on Indians in the form of higher oil prices. Since India depends on imports for 80 per cent of petroleum products requirements, rise in oil import bill will be passed on to the consumers. In fact, oil companies cited depreciation of rupee as the main reason for the petrol price three weeks ago. 

If rupee continues to fall, the government could be forced to raise prices of diesel, kerosene and LPG, adding to the overall inflation further.   

Those planning to buy consumer durables such as cars, television sets, computers, mobile phones and the like should also finish shopping fast as imports of raw materials for these articles are expected to cost more with every rise in dollar as appreciation of the currency putting severe pressure on companies which import substantial amount of components from overseas. 

and even some of you who are planning for MBA/MS abroad..its gonna cost more..

hope that economy handles this time well..

take care..:)

Hey friends..
Wishing you a Happy and Prosperous Diwali...:)
Apart from Diwali what other things which is going on....CAT,GMAT etc etc...
But what about jobs which we think are hit very badly due to the adverse conditions going in Global Economy..
According to the latest news and data received by Bank of America and other agencies  United States will likely suffer the loss of its triple-A,credit rating..which would be second downgrade..
US deficit will be around $1.2 trillion by november 2011.
in this year 2011 their GDP was as follows:-
2nd quarter 2011: 1.3 %
1st quarter 2011: 0.4 %
Their trade deficit for month of august 2011 was $45.6 billion
If I elaborate it more it would be something like
Total August exports of $177.6 billion and imports of $223.2 billion resulted in a goods and services deficit of $45.6 billion.
High unemployment rates,sovereign debt concerns, slowing growth, and political activism in many countries are generating opposition to outsourcing.
One of the major sector would  be IT(information technology).But as far as our scenario is concerned it would be hit somewhere around 25% or may be a little more than that...
However, the country's two largest software exporters, Infosys and TCS, remain confident of withstanding another downturn.
"It is too early to say. There are fears of another recession in the US and a debt crisis in Europe," Infosys CEO and MD Kris Gopalakrishnan said.
If I go into details these big players like TCS,Infosys,Cognizant,Wipro sees no proper cause of worry due to recession.
Infosys Ltd , India's second-largest software services exporter, expects revenue growth of 15 to 20 per cent in its business process outsourcing (BPO) arm this fiscal year.The outsourcing industry lobby group National Association of Software and Services Companies (NASSCOM) figured export revenue growth surge of 16 to 18 per cent for the year to March 2012.India's outsourcing sector, which employs close to 835,000 people and accounts for more than a third of the global back-office market, generated export revenue of $14.1 billion.
The largest Indian IT companies have strong margins, are cost-competitive, and have proven delivery models. These attributes will help them to weather uncertain and volatile demand.
so i guess we should not worry about anything..be optimistic...
n Enjoi...again wishing you a safe and Happy Diwali..tc..:)

The legacy a true leader would like to leave behind is that we would like to make a difference in the quality of life of the people...
We lost a legendary leader on 5th oct,2011 who does not require any introduction..Mr.Steve Jobs
The backbone of Apple Corporation who made so many remarkable changes in technology and brought a revolution in gadgets..let it be i-pods,i-phones or i-pads...
Steve Jobs who used to think differently and who have an edge above all...
He made digital technology made familiar among the masses,his elegant products captured The world wide attention..
The noteworthy products launched by Steve Jobs are :-
1.Apple II Personal Computer-june 1977
2.Apple Lisa II Personal Computer-this was name after job's daughter..it didnt succeed because it was very expensive..1983
3.The Apple Macintosh-this introduced the graphic user interface to the world in year 1984 and marked the beginning of personal computers and inspired the upcoming of other operating systems.
Due to some ineffective cost operations,he hired John Sculley from Pepsi..but While Jobs was a persuasive and charismatic director for Apple, some of his employees from that time described him as an erratic and temperamental manager. An industry-wide sales slump towards the end of 1984, caused a deterioration in Jobs's working relationship with Sculley as well as layoffs and disappointing sales performance. An internal power struggle developed between Jobs and Sculley..After battling with CEO John Sculley for control of the company in 1985, jobs resigned Apple Corporation n den return again in 1997..
In between jobs brought the graphics group later named pixar and made many changes in animations and graphics of many holloywood movies..
and when he joined Apple Corporation again in 1997 and in near 2000's and after that came i-pods,i-phones, and i-pads which we all are familiar with...
and you people probably know more than me...
One of Jobs greatest accomplishment was to combine things in ascetically pleasing ways. For instance, the iphone is a: phone, mini-computer, camera, video recorder, and organizer. And if we include apps, then it is so much more - a translator, dictionary, cook book, game console, etc. It also looks great. To do this required incredible creativity. He was a genius. He will be missed...

Markets in Blood Bath.....:(

Today Indian Markets plunged again by 704 points after 2 years.
SENSEX-16361
NIFTY-4923
Its second lowest in history of Indian Markets after the downfall by 800 points in 2008 on account of Satyam Scandal and US recession (Lehman Brothers Collapse)...
this world economy will take us no where...USA as we know is already in double dip recession,taxes are not being paid,jobs are slashed.
Recently,in a meeting of federal open market committee they discussed the negative outlook which they are observing
Next if we talk about euro-zone there  policymakers have repeatedly followed the wrong policy shifts, creating a situation in Europe "more dangerous" to the global financial system.
Economists and Chinese officials have widely predicted China's growth will slow, largely because of waning exports and like India ,China's central bank has raised interest rates five times on account of inflationary measures.
European markets like France's CAC, Germany's DAX and Britain's FTSE were down 4% each, at the time of closing of Indian equities. Asian markets closed 2-5%. The Dow Jones futures fell 1.5%.
The depreciating rupee is a factor that is working against India,today rupee closed at 48.96 per USD which will affect Indian imports drastically.
Gold prices fell by Rs 160 to Rs 28,340 per 10 grams.If we see the precise numbers  investors suffered a whopping loss of over Rs 2 lakh crore in the stock market.
phewwwwww..that was all for today which was I guess a total noteworthy day...
I wish this festive season will bring a positive uptrend in markets...
God Bless..
take care..:)

hiee friends...
first of all..A good news..I am placed in Infosys....
now next thing comes...where are we heading too..not we actually...our economy specially Euro-Zone and USA.......Euro-Zone is on the verge of collapse..
the pressure if we see is increasing tremendously...the reasons may be
1.Market pressure on Italy and Spain rises with borrowing costs 
 2.The United States' top credit rating is cut for the first time ever, triggering turmoil on the financial market
3.Concerns emerge that France could be the next country to suffer a top credit-rating downgrade.
4.European stocks have tumbled by about 4.0 percent. and Euro zone inflation steady at 2.5 per cent
5.Gold jumps to a record high price of $1,921.17 an ounce. 
6.Greece announces new budget cuts totaling about two billion euros, with renewed rumours of a debt default or Greece's possible exit from the Eurozone. 
7.The eurozone's current account balance worsened in July to a deficit of 12.9 billion euros 
deficit-difference over earnings and expenditure..i.e, earnings is less by 12.9 billion euros than expenditure...
hope I made my point clear...
n the question..what's aggravating the situation ..??
Italy -- the euro zone's third largest economy but these Italy's struggling to get back the investor's confidence and moreover they have asked help from China.So that China may buy Italian assets and stabilize the euro-area.According to the new data,Italy has sold its assets worth 3.9 billion USD.
Expert statements
Polish FM said "if the economic conditions would not recover ,then world war III is expected."


IMF chief Christian Lagarde said "our economy is a dangerous new phase,worsened by feeble political leadership, with deepening uncertainty over the most heavily indebted governments."


European Central Bank chief said "threats to the euro region have worsened and growth rate is reduced to 1.6 %.
Now comes the other news which came into picture was...Other Countries are saying that Greece must exit from euro-zone.
For recuperating from this crisis a strong base is needed.The most strong economy is euro-zone is Germany and second is France. They have already given certain bail-out packages for this crisis and they have ensured their further support too along with that The IMF is taking a key part in last year's 110 billion euro ($151 billion) bailout of Greece, but is still analyzing Athens's progress before releasing a new tranche of funds to the government. 
Let's hope the situation does not get bad to worst...
Take Care...:)

Hey friends..

Hope you all are having great time...!!

So wats up these days....

rather my question should be...

Whats up with Slow down or Recession that was expected..??

First talking about the Recession or Slowdown that has hit the economy world wide let it be USA or Euro -Zone..

In the last post as I stated that S&P has reduced USA ratings from AAA to AA+ on account of debt-ceiling crisis..

One thing I can Say is US, European economies still tenous. In USA The growth expectations are downgraded because of expected slower pace of income and spending growth and the rate of U.S. hiring slowed and the jobless rate,exceeds 9 percent.

About Euro-Zone crisis I can say that The GDP growth estimates are reduced by a full percentage point for this year and the next year owing to softening domestic demand in the core countries. This could affect the euro area as a whole, slowdown in global trade momentum marked by deceleration in manufacturing indicators, difficulties faced by banks in accessing term funding at reasonable rates and likelihood of increased funding costs that could impact investment projects.

The saviour factor for USA would be last round of Quantative Easing(QE),which will keep the interest rates low till 2013 and thereby lifting the economy and Federal Cheif Ben Bernanke has stated Strong fundamentals will drive US out of recession.Their exporting market is largest,and the recovery there is modest.

and the redeeming factor for Euro-Zone would be they have taken very important steps. Many countries have announced additional austerity measures and are accelerating their deficit cuts. The other thing they have done is to agree to increase the flexibility of the European stabilisation fund and according to European Financial Stability Fund and Deutsche Bank central bank toolkits will be able to keep banks alive, at the cost of interest margins and reduce the amount of investment funds that are borrowed.There banks may likely face some problem but Liquidity crisis unlikely to hit European banks.

and and and other thing..gear up for placements..All the Best...Do well..!!!!