HR Policy Of West Side
Trent Limited considers Human Resource as one of the key drivers of its business.
The company is committed to providing the atmosphere and opportunities to foster a climate of high performance, teamwork, learning and sharing for all its employees.
Their leaders continuously strive to develop the skills and competencies of all its employees in the mutual interest of both the employees and the Company.
Their corporate culture is founded on the tenets of stylish innovation, optimal value, disciplined friendliness and fast responsiveness and the actions are built to reinforce these values.
Regards Apoorva
Sunday, October 26, 2008
Saturday, October 25, 2008
Tata's Trent opens Fashion Yatra store
BS Reporter / Mumbai October 22, 2008, 0:47 IST
After launching premium apparel stores and hypermarkets, the Tata group’s retailing arm Trent has forayed into value-for-money apparel and accessory retailing with its ‘Fashion Yatra’ brand of stores.
The company on Monday announced the launch of its first such store in Kalyan, on the outskirts of Mumbai, which will mainly target low-to-mid income groups in the country. Though the company has not said how many stores it would open in the coming months, Fashion Yatra is expected to come up in Tier-II, III and IV cities in the country.
Trent now operates 39 Westside stores, which sell premium apparel and merchandise, and Star Bazaar brand of hypermarkets and Landmark chain of book and music stores.
Currently, the value segment is occupied by retailers such as Kishore Biyani’s Big Bazaar, Arvind Brands’ Megamart, Vishal Retail.
“The strength of Trent lies in being able to provide our customers garments that suit their specific needs. Fashion Yatra is our latest venture to provide customers in Kalyan really fashionable choices at great prices,” said Simone Tata, chairman emeritus, Trent.
Fashion Yatra is expected to cater to the local tastes and preferences and source from the same locality.
Trent has also tied up with the Benetton Group to manage seven Sisley stores across India and it recently announced a tie-up with UK retailer Tesco for back-end operations.
source:http://www.business-standard.com/india/storypage.php?autono=338066
BS Reporter / Mumbai October 22, 2008, 0:47 IST
After launching premium apparel stores and hypermarkets, the Tata group’s retailing arm Trent has forayed into value-for-money apparel and accessory retailing with its ‘Fashion Yatra’ brand of stores.
The company on Monday announced the launch of its first such store in Kalyan, on the outskirts of Mumbai, which will mainly target low-to-mid income groups in the country. Though the company has not said how many stores it would open in the coming months, Fashion Yatra is expected to come up in Tier-II, III and IV cities in the country.
Trent now operates 39 Westside stores, which sell premium apparel and merchandise, and Star Bazaar brand of hypermarkets and Landmark chain of book and music stores.
Currently, the value segment is occupied by retailers such as Kishore Biyani’s Big Bazaar, Arvind Brands’ Megamart, Vishal Retail.
“The strength of Trent lies in being able to provide our customers garments that suit their specific needs. Fashion Yatra is our latest venture to provide customers in Kalyan really fashionable choices at great prices,” said Simone Tata, chairman emeritus, Trent.
Fashion Yatra is expected to cater to the local tastes and preferences and source from the same locality.
Trent has also tied up with the Benetton Group to manage seven Sisley stores across India and it recently announced a tie-up with UK retailer Tesco for back-end operations.
source:http://www.business-standard.com/india/storypage.php?autono=338066
reagrds
JESSICA TANEJA
Monday, October 13, 2008
PRESS RELEASE: Fitch Rates Tata Projects Bank Loan Facilities
Fitch Ratings-London/Mumbai/Singapore-13 October 2008: Fitch Ratings has today assigned Tata Projects Limited (TPL)'s INR600m cash credit limits a National Long-term 'AA-(minus)(ind)' rating and its INR17,500m non-fund-based limits a National Short-term 'F1+(ind)' rating. At the same time, the agency has affirmed TPL at National Long-term 'AA-(minus)(ind)' with Stable Outlook. Its INR337.5m partly convertible debenture (PCD) issue is affirmed at 'AA-(minus)(ind)' and its INR300m commercial paper (CP) programme at 'F1+(ind).
TPL's ratings continue to reflect its established position in the engineering, procurement and construction (EPC) sector catering primarily to the power industry. They also reflect the company's strong order book and support from Tata Group companies. TPL's present order book size is more than 4.5x its FY08 revenues, with an increasing focus on metals, minerals, and oil and gas sector- related projects which will reduce its reliance on the power sector and thus provide greater diversity. The ratings continue to draw strength from the company's consistently low financial leverage over the past four years, benefiting from efficient working capital management. TPL also enjoys financial flexibility and project execution support from Tata Group companies.
TPL remains focused on moving into higher value-added projects; it has on its present order book contracts of higher margins and with better payment terms compared to projects undertaken in the past. Its plans include additional transmission and distribution (T&D)-related businesses from the Middle East, which will improve margins, a joint venture with Engineers India Limited, and starting a new civil construction division.
Fitch notes bigger projects have resulted in significant sectoral and customer concentration in TPL's order book. Although its projects entail significant execution risks given their size, scale and duration of implementation, the risks are mitigated to an extent by its good track-record and execution support from Tata Group companies. As TPL out-sources most of its work to sub- contractors and operates in a highly competitive and cyclical market, its margins are generally thin. The significant risk of rising raw material prices and the long average life of projects in progress mean timely execution, in Fitch's view, is key to maintaining TPL's profitability in the short- to medium- term. In addition, EBITDA margins consistently below 3%, sustained net debt/ EBITDA above 2x and/or a weakening of group support could act as negative rating triggers.
TPL's expertise in the EPC sector includes power generation, transmission and distribution, as well as industrial infrastructure. The company has recently entered into business segments like oil, gas and hydrocarbons, railways and steel.
During FY08, revenues increased 45% yoy to INR13,520.9m while EBITDA margins increased marginally to 4.2% from 3.9% in FY07. Net debt/EBITDA was 0.7x in FY08, and has remained below 1x in the past four years. Cash from operations increased to INR631.3m in FY08 from INR386.7m in FY07. Meanwhile, funds from operations/gross interest expense reduced to 4.4x in FY08 from 7.5x in FY07, owing to increased debt.
Contacts: Vinay Khare, Mumbai, Tel/email: +91 22 4000 1783/ vinay.khare@ fitchratings.com; Tahera Kachwalla, +91 22 4000 1705/ tahera.kachwalla@ fitchratings.com.
Media Relations: Shivani Sundralingam, Singapore, Tel: + 65 6796 7215.
Note to editors: Fitch's National ratings provide a relative measure of creditworthiness for rated entities in countries with relatively low international sovereign ratings and where there is demand for such ratings. The best risk within a country is rated 'AAA' and other credits are rated only relative to this risk. National ratings are designed for use mainly by local investors in local markets and are signified by the addition of an identifier for the country concerned, such as 'AAA (ind)' for National ratings in India. Specific letter grades are not therefore internationally comparable.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=sQY0DJ%2Bu%2BYcnaTOVohJAQA%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 10-13-080826ET Copyright (c) 2008 Dow Jones & Company, Inc.
Source:http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081013%5cACQDJON200810130826DOWJONESDJONLINE000312.htm&&mypage=newsheadlines&title=PRESS%20RELEASE:%20Fitch%20Rates%20Tata%20Projects%20Bank%20Loan%20Facilities
regards
JESSICA TANEJA
Fitch Ratings-London/Mumbai/Singapore-13 October 2008: Fitch Ratings has today assigned Tata Projects Limited (TPL)'s INR600m cash credit limits a National Long-term 'AA-(minus)(ind)' rating and its INR17,500m non-fund-based limits a National Short-term 'F1+(ind)' rating. At the same time, the agency has affirmed TPL at National Long-term 'AA-(minus)(ind)' with Stable Outlook. Its INR337.5m partly convertible debenture (PCD) issue is affirmed at 'AA-(minus)(ind)' and its INR300m commercial paper (CP) programme at 'F1+(ind).
TPL's ratings continue to reflect its established position in the engineering, procurement and construction (EPC) sector catering primarily to the power industry. They also reflect the company's strong order book and support from Tata Group companies. TPL's present order book size is more than 4.5x its FY08 revenues, with an increasing focus on metals, minerals, and oil and gas sector- related projects which will reduce its reliance on the power sector and thus provide greater diversity. The ratings continue to draw strength from the company's consistently low financial leverage over the past four years, benefiting from efficient working capital management. TPL also enjoys financial flexibility and project execution support from Tata Group companies.
TPL remains focused on moving into higher value-added projects; it has on its present order book contracts of higher margins and with better payment terms compared to projects undertaken in the past. Its plans include additional transmission and distribution (T&D)-related businesses from the Middle East, which will improve margins, a joint venture with Engineers India Limited, and starting a new civil construction division.
Fitch notes bigger projects have resulted in significant sectoral and customer concentration in TPL's order book. Although its projects entail significant execution risks given their size, scale and duration of implementation, the risks are mitigated to an extent by its good track-record and execution support from Tata Group companies. As TPL out-sources most of its work to sub- contractors and operates in a highly competitive and cyclical market, its margins are generally thin. The significant risk of rising raw material prices and the long average life of projects in progress mean timely execution, in Fitch's view, is key to maintaining TPL's profitability in the short- to medium- term. In addition, EBITDA margins consistently below 3%, sustained net debt/ EBITDA above 2x and/or a weakening of group support could act as negative rating triggers.
TPL's expertise in the EPC sector includes power generation, transmission and distribution, as well as industrial infrastructure. The company has recently entered into business segments like oil, gas and hydrocarbons, railways and steel.
During FY08, revenues increased 45% yoy to INR13,520.9m while EBITDA margins increased marginally to 4.2% from 3.9% in FY07. Net debt/EBITDA was 0.7x in FY08, and has remained below 1x in the past four years. Cash from operations increased to INR631.3m in FY08 from INR386.7m in FY07. Meanwhile, funds from operations/gross interest expense reduced to 4.4x in FY08 from 7.5x in FY07, owing to increased debt.
Contacts: Vinay Khare, Mumbai, Tel/email: +91 22 4000 1783/ vinay.khare@ fitchratings.com; Tahera Kachwalla, +91 22 4000 1705/ tahera.kachwalla@ fitchratings.com.
Media Relations: Shivani Sundralingam, Singapore, Tel: + 65 6796 7215.
Note to editors: Fitch's National ratings provide a relative measure of creditworthiness for rated entities in countries with relatively low international sovereign ratings and where there is demand for such ratings. The best risk within a country is rated 'AAA' and other credits are rated only relative to this risk. National ratings are designed for use mainly by local investors in local markets and are signified by the addition of an identifier for the country concerned, such as 'AAA (ind)' for National ratings in India. Specific letter grades are not therefore internationally comparable.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=sQY0DJ%2Bu%2BYcnaTOVohJAQA%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 10-13-080826ET Copyright (c) 2008 Dow Jones & Company, Inc.
Source:http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081013%5cACQDJON200810130826DOWJONESDJONLINE000312.htm&&mypage=newsheadlines&title=PRESS%20RELEASE:%20Fitch%20Rates%20Tata%20Projects%20Bank%20Loan%20Facilities
regards
JESSICA TANEJA
Sunday, October 12, 2008
Hassel –free land, business –friendly govt and infrastructure drive Tata to Gujarat
Even before the Tatas had announced their decision on pulling out from Singur – or not – Gujarat Chief Minister Narender Modi had asked officials in the stste’s industry and revenue departments to find 1000 acres that could be made immediately available for the Nano plant .The effort paid off.
Ratan Tata said that a land near a sleepy town in Gujarat would build the world’s cheapest car, with a price tag of Rs 1 lakh .
The decision reinforces the investor –friendly image of Gujarat and its Chief minister. It would also help the Tata group to expand its presence in one of the country’s fastest growing and most prosperous states.
At least four other states held talks with Tata motors to relocate the nano plant from Singur in Weat Bengal to their territories. Gujarat scored because it moved -so quickly,so efficiently and with so much enthusiasm, said Tata. It’s the speed with which everything was provided, particularly land.
The decision was also guided by the state’s well-developed infrastructure network, particularly its highway system and reliable power supply.
regards Apoorva
Saturday, October 4, 2008
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