Source:www.google.co.in
JESSICA TANEJA
Monday, September 29, 2008
Finally Tesco comes to India, partners with Tata Trent
byline("August 12, 2008");
Written by Amit Agarwal on August 12, 2008 Text Size
UK’s biggest retailer has finally chosen its partner for Indian operations, to complement its strategy of growing overseas following its operations in countries like US, Korea and China. Tesco has chosen Tata Group’s retail arm, Trent Ltd to start its Indian operations.
Tesco will open 3 cash and carry stores in Mumbai, Delhi and Bangalore in a 50:50 JV with Trent and also assist Trent in increasing its retail presence of its hypermarkets ‘Star Bazaar’ from current 4 stores to 50 stores in next 5 years.
Tesco cash and carry stores will supply merchandise to Star Bazaar and receive a fee for using it’s retail expertise. In the front-end venture, it is very likely that like Bharti-Wal-Mart deal, the name Tesco would not feature in the stores.
For Tesco, this could have been the best possible scenario as it has got a trusted brand TATA to partner with and also leverage on its low-cost efficient model to expand its Indian business. Its wholesale business would be well complemented by the front end operations of Trent.
The deal would give a much needed fillup to Trent’s retail operations, as it has been expanding very slowly as compared to peers like Future Group, Reliance Retail and Aditya Birla ‘More’. By choosing Tesco, Star Bazaar could improve its product mix by offering a well defined value proposition.
Tata Group would also be aided by the experience of its other UK deals like Tata Steel-Corus and Tata Motors - Jaguar and Landrover deal.
Source: http://www.labnol.org/india/corporate/finally-tesco-comes-to-india-partners-with-tata-trent/4222/
regards
JESSICA TANEJA
byline("August 12, 2008");
Written by Amit Agarwal on August 12, 2008 Text Size
UK’s biggest retailer has finally chosen its partner for Indian operations, to complement its strategy of growing overseas following its operations in countries like US, Korea and China. Tesco has chosen Tata Group’s retail arm, Trent Ltd to start its Indian operations.
Tesco will open 3 cash and carry stores in Mumbai, Delhi and Bangalore in a 50:50 JV with Trent and also assist Trent in increasing its retail presence of its hypermarkets ‘Star Bazaar’ from current 4 stores to 50 stores in next 5 years.
Tesco cash and carry stores will supply merchandise to Star Bazaar and receive a fee for using it’s retail expertise. In the front-end venture, it is very likely that like Bharti-Wal-Mart deal, the name Tesco would not feature in the stores.
For Tesco, this could have been the best possible scenario as it has got a trusted brand TATA to partner with and also leverage on its low-cost efficient model to expand its Indian business. Its wholesale business would be well complemented by the front end operations of Trent.
The deal would give a much needed fillup to Trent’s retail operations, as it has been expanding very slowly as compared to peers like Future Group, Reliance Retail and Aditya Birla ‘More’. By choosing Tesco, Star Bazaar could improve its product mix by offering a well defined value proposition.
Tata Group would also be aided by the experience of its other UK deals like Tata Steel-Corus and Tata Motors - Jaguar and Landrover deal.
Source: http://www.labnol.org/india/corporate/finally-tesco-comes-to-india-partners-with-tata-trent/4222/
regards
JESSICA TANEJA
Tata Motors bares 3 Indigo CS variants
Mumbai: India's third largest car maker, Tata Motors has launched three new variants of the Indigo CS model in an attempt to strengthen its position in the entry sedan segment.The Indigo CS (compact sedan), which was launched at the Auto Expo in January, will now be available in GLX (petrol) model and two LX (diesel) models, according to a release from the company Monday.All three models will offer front and rear powered windows, a rear windscreen defogger and central locking. In addition, the car will sport body coloured rub-rails with chrome inserts and body coloured outer rear view mirrors.The new variants have been priced at Rs 4.08 lakh for the GLX, Rs 4.63 lakh for the LX TDi and Rs 5.10 lakh for the DiCOR model.
Source: Business Standard
source(from where i got this info):http://news.in.msn.com/business/article.aspx?cp-documentid=1669500
regards
JESSICA TANEJA
Mumbai: India's third largest car maker, Tata Motors has launched three new variants of the Indigo CS model in an attempt to strengthen its position in the entry sedan segment.The Indigo CS (compact sedan), which was launched at the Auto Expo in January, will now be available in GLX (petrol) model and two LX (diesel) models, according to a release from the company Monday.All three models will offer front and rear powered windows, a rear windscreen defogger and central locking. In addition, the car will sport body coloured rub-rails with chrome inserts and body coloured outer rear view mirrors.The new variants have been priced at Rs 4.08 lakh for the GLX, Rs 4.63 lakh for the LX TDi and Rs 5.10 lakh for the DiCOR model.
Source: Business Standard
source(from where i got this info):http://news.in.msn.com/business/article.aspx?cp-documentid=1669500
regards
JESSICA TANEJA
Saturday, September 27, 2008
Tata Consultancy interested in Siemens SIS -paper
FRANKFURT, Sept 27 (Reuters) - Tata Consultancy Services , India's top software services exporter, is interested in Siemens' IT Solutions and Services (SIS) unit, a German newspaper said on Saturday.
Talks between the two companies would begin next week in Munich, where Siemens is based, Germany's Boersen-Zeitung said, without saying where it obtained the information from.
Siemens declined to comment.
A couple of days ago, sources close to the company said that Siemens Chief Executive Peter Loescher was considering the divestment of SIS's external business, the paper said.
Siemens is in the midst of a major overhaul and regrouped its divisions into three main sectors to benefit from global growth trends -- energy, industry and health care -- at the beginning of this year.
Indian outsourcing firms like Tata Consultancy Services and rival Infosys Technologies are expanding in Europe, Asia, the Middle East and Latin America to cut dependence on the U.S. market, which accounts for more than half the sector's revenue.
On Friday, Indian software services firm HCL Technologies launched a rival bid for Britain's Axon Group Plc , for which Infosys is also bidding, sending Axon's share up sharply in on hopes of a bid battle. (Reporting by Eva Kuehnen)
source:http://asia.news.yahoo.com/080927/3/3pnwq.html
regards
JESSICA TANEJA
FRANKFURT, Sept 27 (Reuters) - Tata Consultancy Services , India's top software services exporter, is interested in Siemens' IT Solutions and Services (SIS) unit, a German newspaper said on Saturday.
Talks between the two companies would begin next week in Munich, where Siemens is based, Germany's Boersen-Zeitung said, without saying where it obtained the information from.
Siemens declined to comment.
A couple of days ago, sources close to the company said that Siemens Chief Executive Peter Loescher was considering the divestment of SIS's external business, the paper said.
Siemens is in the midst of a major overhaul and regrouped its divisions into three main sectors to benefit from global growth trends -- energy, industry and health care -- at the beginning of this year.
Indian outsourcing firms like Tata Consultancy Services and rival Infosys Technologies are expanding in Europe, Asia, the Middle East and Latin America to cut dependence on the U.S. market, which accounts for more than half the sector's revenue.
On Friday, Indian software services firm HCL Technologies launched a rival bid for Britain's Axon Group Plc , for which Infosys is also bidding, sending Axon's share up sharply in on hopes of a bid battle. (Reporting by Eva Kuehnen)
source:http://asia.news.yahoo.com/080927/3/3pnwq.html
regards
JESSICA TANEJA
TATA MOTORS has sold over one crore shares in Tata Steel to Tata Sons, the holding company of all Tata group firms.
The shares were sold for a total value of Rs 486 crore. The amount will be used to fund the Jaguar-Land Rover acquisition. The deal will help Tata Sons to raise its stake in Tata Steel.
Earlier this year, Tata Motors bought Jaguar and Land Rover brands for $2.3 billion. The company has taken bridge loans to the tune of $3 billion to part finance the acquisition as well as future capital expenditure requirements. Tata Motors have also planned a Rs 4200 crore rights issue to finance the acquisition.
“This would help Tata Motors to raise funds in a low liquidity and high interest rate scenario,” said Hitesh Agrawal, head of research, Angel Broking. “This will also enable Tata Sons to increase Stake in the group company.”
Regards Apoorva
The shares were sold for a total value of Rs 486 crore. The amount will be used to fund the Jaguar-Land Rover acquisition. The deal will help Tata Sons to raise its stake in Tata Steel.
Earlier this year, Tata Motors bought Jaguar and Land Rover brands for $2.3 billion. The company has taken bridge loans to the tune of $3 billion to part finance the acquisition as well as future capital expenditure requirements. Tata Motors have also planned a Rs 4200 crore rights issue to finance the acquisition.
“This would help Tata Motors to raise funds in a low liquidity and high interest rate scenario,” said Hitesh Agrawal, head of research, Angel Broking. “This will also enable Tata Sons to increase Stake in the group company.”
Regards Apoorva
Thursday, September 4, 2008
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