26 November 2009

30 Most Powerful Women - Business Today

The power 30

The recession, downturn or whatever you call it, has dented most kinds of lists—lists of billionaires, lists of most valuable companies, lists of top recruiters and so on.

But there is one list that has grown when others shrank—BT’s list of the Most Powerful Women in Indian Business. As we researched for the seventh edition of our list, we were confronted with an embarrassment of riches.

Successful women leaders are dotting the Indian business landscape in far greater numbers than ever. Result: our list is of 30 jewels. Many “regulars” in our list have added more to their power in the past one year. Two large and rapidly-growing private banks are headed by women today, which wasn’t the case last year.

Though banking and finance still dominate the list, woman power is growing exponentially in the business of Bollywood, consumer goods and public relations. Our list captures this too. Check out the new faces and the new achievements of the old ones.



VINITA BALI, 52, MD, Britannia Industries

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Once again in the BT Power List. Does it still enthuse you?
What enthuses is the work that “the list” recognises.

Your definition of power—has it changed over the years?
It evolves... as you reflect on new experiences— but fundamentally for me, power is about creating the context and environment where the right things happen.

New lessons learnt in 2009.
The discretion and judgement to know when to push and when to be patient in a volatile and unpredictable market!

New frontiers conquered in 2009.
Global recognition for the work Britannia is doing in the area of kids nutrition, at the “Clinton Global Initiative,” for example.

What next?
More transformative change.

- Rahul Sachitanand


More @ The power 30

The power to change

The talent catchers

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Src: BusinessToday


Tata Steel consolidated Q2 net loss at Rs 2707 crore

Tata Steel consolidated Q2 net loss at Rs 2,707 crore

Tata Steel consolidated Q2 net loss at Rs 2,707 crore

26 Nov 2009, 1504 hrs IST, REUTERS

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MUMBAI: Tata Steel Ltd, the world's No. 8 steelmaker by output, reported a consolidated quarterly net loss on Thursday, hurt by the weak
performance of its European unit Corus.


Tata Steel, which bought No. 2 European steelmaker Corus in 2007, said its consolidated July-September net loss was Rs 2,707 crore ($584.7 million), after minority interest and share of profit of associates, compared with a profit of 47.72 billion rupees a year earlier.

Consolidated net sales fell to Rs 25,270 crore from Rs 44,199 crore a year earlier.

Last month, the firm said its Indian operations' net profit fell 49.5 percent.

Shares in Tata Steel, valued at $10.7 billion, extended losses to 5.2 percent at Rs 533.10 after the results, while the main index was down 1.8 percent.

The firm's shares have leapt 150 percent this year, better than a 77 percent jump in the main index.


Tata Steel Q2 cons net loss at Rs 2,707cr, stk down 5%

Tata Steel Q2 cons net loss at Rs 2,707 cr
Published on Thu, Nov 26, 2009 at 14:31 | Updated at Thu, Nov 26, 2009 at 15:56 | Source : Moneycontrol.com

Tata Steel has announced its second quarter FY10 results. The company's Q2 numbers were below street expectations, its consolidated net loss at Rs 2,707 crore versus loss of Rs 2,208 crore, quarter-on-quarter, QoQ.

Its net sales were up 9% at Rs 25,269 crore versus Rs 23,180 crore, QoQ.


Restructuring cost at Rs 911 crore versus Rs 219 crore, QoQ.

Its consolidated input cost at Rs 849 crore versus Rs 1,265 crore.

The company's operating profits was at Rs 246 crore versus loss of Rs 141 crore, QoQ

Q2 FY10 YoY

The company's net sales were down 43% at Rs 25,269 crore versus Rs 44,050 crore, year-on-year, YoY.

Its operating profit at Rs 246 crore versus Rs 8096 crore, YoY.

Its net loss of Rs 2707 crore versus profit of Rs 477 crore, YoY.

Its OPM 1% versus 18%.

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Sensex ends 344 pts down; mkts see highest turnover ever

Sensex plunges by 344 points




Src: Moneycontrol, Economictimes

Heard on the street

Heard on the street

Bonus bonanza drives volumes on RIL

counter


A day before Reliance Industries (RIL) becomes ex-bonus (price being adjusted for 1:1 bonus), investors were seen flocking to the counter and, interestingly, many of them preferred to take delivery of shares than squaring off their positions intra-day.

According to brokers, the liberal bonus offers a good tax-planning opportunity for the shareholders. They can buy a certain number of shares cum-bonus (before being adjusted for bonus) and sell them ex-bonus, thus booking a loss that can be set off against short-term capital gains earned on any other transactions. By doing so, they would be entitled to bonus shares and would also save tax.

The RIL counter attracted delivery-based volume of 39.5% of the 13.2 lakh total traded shares on Wednesday, compared to 28.9% (7 lakh shares) and 22.8% (12.6 lakh shares) on the previous two days. The stock closed 0.8% higher at Rs 2,194 on the day.

FM to announce UTI stake sale after regulatory nod

The formal announcement of the 26% equity stake sale of UTI Mutual Fund to US-based investment firm T Rowe Price is expected to be made by finance minister Pranab Mukherjee next month. “There will be formal announcement on the stake sale after receiving all the regulatory approvals... it will be announced by a senior government official,” said an official familiar with the matter.

The NYSE-listed financial services firm would be paying $135 million for a 26% stake in the Mumbai-based fund house. The valuation works out to be 3.6% of assets managed by UTI AMC as on August 31, 2009.

L&T poised to make a grand exit from Satyam

Investors have been buying shares of engineering behemoth Larsen & Toubro (L&T) in large numbers on talks that the company will benefit immensely from a probable sell-off of Satyam Computer shares over the next few months. According to brokers, L&T had been accumulating shares of Satyam Computers since early-December last year.

L&T raised its stake by over 13% in Satyam Computers between December 2008 and February 2009. L&T, along with L&T Capital, holds a 6.9% stake in Satyam Computers as on September 2009. With L&T investment in Satyam nearing one year, the engineering company is expected to exit the stock.

Analysts are expecting Tech Mahindra (which acquired Satyam in April 2009) to buy the L&T stake in Satyam at a high price. This will further improve the cash position of L&T, say brokers. Shares of L&T ended 0.1% higher at Rs 1,650.45 on the BSE. Satyam Computers closed 11% lower at Rs 90.55 on Wednesday.

( Contributed by Vijay Gurav, Reena Zachariah & Shailesh Menon)

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Mid-term picks | Top 5 picks | Infy@all-time high

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Src: Economic Times