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..:)