Hyderabadi beer guzzlers have a reason to smile. Now they need not experience beer shortages anymore because the Nizam city is fast becoming the hub of MNC breweries. Hyderabad is indeed becoming the emerging beer capital of India. Hyderabad is famous for its Biryani, and the city is now brewing lots of beer to gulp. Foreign breweries are rushing to Hyderabad to claim a pint of the most lucrative beer market in the country.
In the last two years, four brewing giants like South African-based Sab-Miller, US-based Anheuser-Busch, UK-based Cobra and recently Singapore-based Asia-Pacific Breweries have set up shop in Hyderabad. CNBC TV18 learns that Belgian-based InBev and Danish-Carlsberg may also well be on their way .
Full article here
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So, who’se going to be crowned the Champion of Europe? Aah, how i wish i could wake up at 2:30 in the morning to watch the match. Have been so tired these past few days watching IPL that i dont think i will be able to wake up in the middle of the night to watch the match.
Many colleagues have applied for leave tomorrow and the rest are sure to apply for urgent leaves or medical leave tomorrow. A direct consequence of staying up watching the Champions league finals. Last year i had slept at 8 in the evening and woke up at 2:30 in the morning to watch the Milan-Liverpool finals. It was worth the effort as Liverpool was whacked by Milan. How i wish i can do that again tonite.
Anyway, lets see. Meanwhile, may Chelsea win 
Above picture from: Soccernet
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- February 2000 – Tata Tea Ltd acquires UK’s Tetley for $432 million, becoming the world’s No. 2 packaged tea company.
- August 2004 – Tata Motors signs a deal to buy the commercial vehicle unit of South Korea’s Daewoo Group for $102 million.
- June 2005 – Tata Steel Ltd buys Singapore’s lone steel miller, NatSteel Ltd, for $286 million.
- July 2005 – Tata Coffee buys US-based Eight O’Clock Coffee Co for $220 million from Gryphon Investors.
- August 2006 – Telecom firm Videsh Sanchar Nigam Ltd buys US-based Teleglobe International Holdings Ltd for $239 million and completes the $130 million purchase of Tyco International’s global undersea fibre optic cable network unit.
- January 2007 – Tata Tea buys 30 per cent of US enhanced water firm Energy Brands Inc for $677 million. It sells the stake less than a year later to Coca-Cola for $1.2 billion.
- March 2007 – Tata Steel acquires Anglo-Dutch steelmaker Corus Group for $13 billion, India’s biggest overseas takeover yet.
- January 2008 – Tata Power buys stakes in Indonesian PT Bumi Resources Tbk’s two coal mines for $1.3 billion.
- February 2008 – Tata Chemicals buys US soda-ash producer General Chemical Industrial Products Inc for $1.01 billion.
Above information courtesy: Economic Times
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Its official. India’s Tata Motors has finally bought Jaguar and Land Rover from Ford Motors. The exact pricing is to be unveiled today. But estimates are around 1 billion pounds. Finally after months of intense negotiations, Tata Motors will lay hands on two of the world’s most iconic automobile brands. The product profile of Tata Motors will now include the world’s cheapest car, Nano to expensive products like the Jaguar and Land Rover.
Earlier, there was news that Ratan Tata was interested in taking a stake in Ferrari. With this deal, the Tata group now holds on to some of the most iconic brands in the world which include Corus Steel, Tetley Tea, Ritz Carlton hotel in Boston, Jaguar and Land Rover.
Thousands of workers at Jaguar and Land Rover plants are expected to be told today that the marques have been sold to the Indian conglomerate Tata.
It is understood that a deal between Tata and Ford over the sale of two of the best known names in British car making was concluded last night after months of painstaking negotiations.
Ford refused to confirm a deal had been signed last night, saying any significant development had to be communicated to employees first. However, formal confirmation that the two sides have reached agreement is expected via simultaneous announcements in India, Britain and the US at around noon GMT today.
The companies have been in detailed negotiations for almost three months after Tata emerged as the leading bidder, ahead of rivals One Equity, a private equity concern, and automotive group Mahindra and Mahindra.
Yesterday the two sides were refusing to be drawn on reports from India that Tata had agreed to pay $2.65bn (£1.3bn) for the marques. The Reuters news agency quoted a source close to the deal as saying: “That figure of $2.65bn is highly unlikely. You have to come south from that by quite a bit.”
Full article here
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The annual Forbes World’s Billionaire’s list has a new leader, Warren Buffet. The oracle of Omaha takes the top spot displacing the 2nd placed Mexican Carlos Helu and Microsoft’s Bill Gates. Surprise surprise, India has 4 billionaires in the top 10 list compared to 2 from the US.
The top 10 list of billionaires along with their current worth is as follows
1 Warren Buffett – $62 billion
2 Carlos Slim Helu – $60 billion
3 William Gates III – $58 billion
4 Lakshmi Mittal – $45 billion
5 Mukesh Ambani – $43 billion
6 Anil Ambani – $42 billion
7 Ingvar Kamprad – $31 billion
8 KP Singh – $30 billion
9 Oleg Deripaska – $28 billion
10 Karl Albrecht – $27 billion
The US has 475 billionaires followed by Russia with 87, Germany with 59 and India with 53 billionaires.
Above picture courtesy: Forbes
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My first ever credit card back in 1997 was a Standard Chartered Visa. I held on to the credit card years after i had moved out of India. I cancelled it off finally as the spending limit for the card was in Indian Rupees and all my bills would go to my India address.
Standard Chartered Bank’s (StanChart) Indian branches have posted a 71 per cent increase in operating profit to $690 million in 2007 from $403 million in 2006.
India, is now the second largest contributor to the bank’s global operating profit with a 17 per cent share after Hong Kong’s 34 per cent. India not only is the bank’s biggest business, but is the only market that saw accelerated growth in 2007.
StanChart India’s wholesale banking business contributed the biggest change in global profits. Wholesale banking in India saw a 91 per cent rise in profits to $626 million on an 82 per cent increase in income. The bank has added more than 1,000 clients over the last three years and has more than 100 clients generating income of more than $1 million.
The consumer banking business in India crossed $1 billion income for the first time in 2007, growing 60 per cent to $1.3 billion. Operating profit in the consumer banking business was down to $63 million in 2007 against $76 million in the previous year.
Full article here
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In 2014, the Hinduja group turns 100 years. The group, which has estimated worldwide revenues of $10 billion, with some 35 per cent of those coming out of India, wants to usher in the 100th year in style. The group is looking for some big ticket investments in Oil & Gas, Power, Infrastructure, Real Estate, Telecom & Healthcare.
If all these projects pan out, the Hindujas would end up pumping over $50 billion into the country or even more. The Hinduja group owns Ashok Leyland, Ennore Foundaries, Gulf Oil Corporation, HTMT Global Solutions and IndusInd Bank.
The Hindujas had made a bid of $20 billion when Hutch was put up for sale. But they were pipped at the end by Vodafone. Not wanting to miss out on the India growth story, they want to invest more than $50 billion which could even go upto $100 billion by the time the company hits a century.
Read a detailed article in Business Today about the Hinduja’s multi billion gamble.
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Man….no matter how much i hate the English team, i cant wait to see Jose attend a post match press conference and give out his trademark gyaan. So what, if he turns out in English colours. I just want to see/hear the man speak in his heavily Portuguese accented English and rip apart everyone involved in the game except himself and his team.
The ex-Chelsea manager was last night said to be 100 per cent up for making a spectacular return to the UK to take on the biggest job in world sport. He flew in by private jet under a cloak of secrecy to meet FA chief Brian Barwick and thrash out a £6million-a-year deal to see him become the nation’s football saviour.
Full article here.
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