My Favourite Personalities

Deepak Parekh

Deepak Parekh is the Chairman of HDFC, the India's leading housing finance company. A pioneer in mortgage finance, he has enabled scores of Indian middle class people owning their houses or apartments through affordable loans.

A chartered accountant, Deepak Parekh began his career with Ernst & Young Management Consultancy Services in New York. After returning to India, he worked with Grindlays Bank and also Chase Manhattan Bank as its assistant representative for South Asia. Deepak Parekh joined HDFC in 1978. He was promoted as its Managing Director in 1985 and appointed its Chairman in 1993. He is instrumental in making the HDFC a premier housing finance institution in the country. Deepak Parekh is also the Non-Executive Chairman of Infrastructure Development Finance Company Ltd (IDFC), a Government of India enterprise for infrastructure projects in 1997. He is also the Non-Executive Chairman of Glaxo India Ltd & Burroughs Wellcome (India) Ltd and on the Board of Castrol BP India; Hindustan Lever; Siemens Ltd, Mahindra & Mahindra and Indian Hotels Company. He is also a non-executive, independent Director of SingTel.

Deepak Parekh has been a member of various Committees set up by the Government of India. He was appointed Chairman of the high level expert committee, formed to recommend measures for strengthening the Unit Scheme – 1964. The Reserve Bank of India appointed him Chairman of the Advisory Group for Securities Market Regulation, which was tasked to compare the level of adherence to international standards in India with that in other countries. He was also Chairman of the Expert Committee constituted by the Ministry of Power to look into the reform efforts in the power sector.

Deepak Parekh has won several awards including Businessman of the Year 1996 by Business India and the JRD Tata Corporate Leadership Award by All India Management Association (AIMA). He was the first recipient of the Qimpro Platinum Award for Quality for his contributions to the services sector and the youngest recipient of the prestigious Corporate Award for Life Time Achievement by the Economic Times. He was also conferred Padma Bhushan by the Government of India.

[edit] References

• http://people.forbes.com/profile/deepak-s-parekh/86998
• http://www.peopleandprofiles.com/ProfilesDet-28/Deepak+Parekh.html?profile_id=320
• http://profit.ndtv.com/2009/01/11133433/Profile-Deepak-Parekh.html

MOre @ http://en.wikipedia.org/wiki/Deepak_Parekh

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Sunil Mittal

Sunil Bharti Mittal, born October 23, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The US$5 billion turnover company runs India's largest GSM-based mobile phone service. He is the son of the late Sat Paul (former MP) and Lalita.[5]

unil Bharti Mittal
Born	October 23, 1957 (1957-10-23) (age 52) Ludhiana, Punjab, India
Residence	South Delhi
Ethnicity	Indian
Alma mater	Punjab University Bachelor of Economics & Political Science [1]
Occupation	Founder, Owner, Chairman and CEO of Bharti Airtel
Net worth	▲US $ 8.2 billion (2009) [2]
Religious beliefs	Hindu
Spouse(s)	Nyna [3]
Children	Eiesha and twins Kavin & Sharvin [4][1]
Website www.airtel.in

More on : http://en.wikipedia.org/wiki/Sunil_Mittal



Src: Wikipedia.Org

My Favourite Personalities

Ratan Naval Tata

Ratan Naval Tata (born December 28, 1937, in Mumbai) is the present Chairman of the Tata Group, India's largest conglomerate founded by Jamsedji Tata and consolidated and expanded by later generations of his family. He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices.

Ratan Naval Tata
Born	December 28, 1937 (1937-12-28) (age 71) Bombay Presidency, British India
Residence	Mumbai, India
Nationality	India
Ethnicity	Parsi
Citizenship	India
Alma mater	Cornell University Harvard University
Occupation	Chairman of Tata Group
Home town	Mumbai, India
Religious beliefs	Zoroastrianism
Spouse(s)	Never married
Children	2 Girls (adopted)

Early life

Ratan Tata was born into the wealthy and famous Tata family of Mumbai. He was born to Soonoo and Naval Hormusji Tata. Ratan is the great grandson of Tata group founder Jamsetji Tata. Ratan's childhood was troubled, his parents separating in the mid-1940s, when he was about seven and his younger brother Jimmy was five. His mother moved out and both Ratan and his brother were raised by their grandmother Lady Navajbai.

[edit] Early career

Ratan Tata completed a BSc degree in engineering with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.^[1] He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel. He worked on the floor along with other blue-collar employees, shoveling limestone and handling the blast furnaces.^[2] Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire.^[3][4]

More @ http://en.wikipedia.org/wiki/Ratan_Naval_Tata

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Chanda Kochhar

Chanda Kocchar
Kocchar at the World Economic Forum's India Economic Summit 2009
Born	November 17, 1961 (1961-11-17) (age 48) Jodhpur, India
Occupation	CEO and MD, ICICI Bank
Children	A son and a daughter

Chanda Kochhar (born November 17, 1961) is currently the Managing Director (MD) of ICICI Bank and Chief Executive Officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country.^[1][2] She also heads the Corporate Centre of ICICI Bank. Kocchar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005. In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list".

More @ http://en.wikipedia.org/wiki/Chanda_Kochhar

Src: Wikipedia.org

There could be correction in Jan: M Stanley

There could be correction in Jan: M Stanley

italic;"> Sridhar Sivaram , ED, Morgan Stanley.


It is very interesting to see that Morgan Stanley is actually negative on PSU banks and positive on private sector banks. What would the logic out there be?

Well, our view is that we could see a tightening cycle coming very soon, may be in January itself. Typically what we have seen in the past is that when we have a tightening cycle, the PSU banks tend to underperform this sector and market in general because broadly they are seen as a bond proxy. Some of that may have changed, so we would go by that view and we think in a volatile interest rates environment, the private sector banks are better positioned as opposed to the PSU banks.

So you would not get tempted to buy into the PSU banks simply because they are just so much cheaper?

Well, as I just said we are broadly underweight the PSU banks, so I would not say that within the PSU basket, there would not be banks, which may look attractive at various points of time but you have to keep in mind that PSU banks as a basket have always traded cheaper to the private sector banks. So to that extent, the discount would always be there.

The question obviously comes that there is a possibility of the earnings moving up because of deposit re-pricing and stuff like that but what we understand is that this is already known in the market and there is nothing special about this but what could come as a surprise is the accent of the CRR hike, the extent of the tightening cycle going forward. We do not where the inflation currently is because this data is not being shared right now, but, our own internal estimate is that inflation could be closer to 7.5-8% by March, which basically would mean that we would have to tighten with GDP at 7.9%, IIP double-digit growth. These are all ingredient for a tightening cycle to come much faster than what the market expects.

In light of the fact that yes, there could be a bit of tightening if you will. What about some other interest rate sensitive? Say for example, real estate, there are lot of IPOs also in the pipeline currently, one has opened today. How would you view this space?

Well, I would not comment on specific stocks but as a sector, we would be underweight the sector. Again with the same view that we would like to stay underweight interest rate sensitive as much as possible, so real estate is obviously one of them because of the tightening cycle and obviously as you mentioned, there is enough paper coming in the market, so there will be enough movement within stocks because people who already own may want to look at some of the other stocks. So we would be underweight the real estate sector also.

Consumer discretionary, which is autos would also be the other sector, which we would want to stay underweight, especially the passenger vehicle market. The two-wheeler market is less sensitive to interest rates, so broadly as you would understand what interest rate sensitive sectors and stocks are. We would broadly be underweight those sectors, and we will see how things pan out from thereon.

There could be a correction in January if interest rates actually go up but if growth continues, markets could continue to move up, say

Click to see Morgan Stanley's view on the current market.

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Src: Economictimes.Indiatimes