TATA MOTORS

TATA MOTORS

Moneycontrol Bureau
Shares of Mahindra & Mahindra and Tata Motors rose 1% in morning trade on Monday, after the two auto makers reported strong sales growth for March, as buyers rushed to book their vehicles early to avoid paying a higher excise duty from April 1.
Tata Motors said on Sunday its total sales rose 20% year-on-year to 1,00,414 vehicles. It was the first time ever that the company's monthly sales crossed 1 lakh. Both commercial vehicle and passenger vehicle sales were highest ever in a fiscal year, it said.
For March, Tata Motors' passenger vehicle sales accelerated  30% from a year ago to 38,399 units in the domestic market. Its domestic commercial vehicle sales surged 17% to 58,063 units, its highest ever in a month.
For the full year, Tata Motors' sales rose 13% year-on-year to 9,06,768 units. The company sold 5,29,980 commercial vehicles in the domestic market, up 19% during 2011-12.
However, Tata Motors' domestic passenger vehicle sales, which also include cars sold by Fiat India, were up just 3% from a year ago to 3,29,805 units, reflecting the slowdown witnessed across the sector last year, due to high petrol prices and expensive loans.
Meanwhile, Tata Motors is seeing a good demand for its luxury Jaguar and Land Rover vehicles in India. JLR sales in the domestic market surged 157% to 2,288 units in the last fiscal year.
Elsewhere, utility vehicle maker Mahindra & Mahindra too reported robust auto sales growth of 25% year-on-year at 47,001 units in March.  Its sales growth too was highest ever for the month of March.
M&M's passenger vehicle sales, which include utility vehicles like XUV 500, Bolero and Scorpio and Verito sedan, were up 33% to 23,020 units in March.
For the full year 2011-12, M&M sold 4,83,246 automobiles, up 28% year-on-year.
At 9:50 hrs, Tata Motors was up 1.3% at Rs 278.80, while M&M gained 0.8% at 705.50 on NSE.

AMAR
PGDM 2ND 

‘Sony to cut global workforce by 10,000’

Tokyo: Sony Corp is cutting 10,000 jobs, about 6% of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai comes under pressure to return the Japanese consumer electronics and entertainment company to profit after four years in the red.
The job cuts are the latest downsizing in Japan Inc where companies from tech names NEC Corp and Sumco Corp to brokerage Daiwa Securities are trimming costs to revamp their businesses.

Sony itself announced in December 2008 cuts of 16,000 workers after the global financial crisis hit demand for its electronics products, but it has not managed to make a profit since then.As of end-March 2011, Sony had 168,200 employees on a consolidated basis, according to its website.
The company, which expects a ¥220 billion ($2.7 billion) net loss for the fiscal year just ended, said last month that Hirai would keep direct charge of Sony’s ailing TV business in a reorganisation of the company’s business structure.
Hirai, who formally took over as chief executive from Howard Stringer on 1 April, is set to brief on the company’s business plan on Thursday.
The Nikkei said half of the latest round of job cuts would come from consolidating the firm’s chemicals and small and midsize LCD operations.
Sony said last month it would sell part of a chemicals and devices subsidiary that makes films and adhesives used in televisions, cameras and mobile phones to state-backed Development Bank of Japan Inc.
Last year, it merged its small LCD panel business with those of Toshiba Corp and Hitachi Ltd into a new firm called Japan Display.
The Nikkei said it was not clear how many of the cuts would take place in Japan or overseas.
Sony may also request that its seven executive directors who served through the fiscal year to end-March, including Stringer, who is now chairman, return their bonuses, the Nikkei said without citing its sources.
Sony declined to comment on the report.
Sony shares closed up 0.6%, while the benchmark Nikkei average ended 1.5% lower.

by:----GAUTAM KUMAR
           PGDM 2ND SEM

acceptable use policy (AUP)

Corporate, organizational, or internet service provider's rules governing use of computers, networks, and associated resources. In general, an AUP states that employees, or users
(1) should not try to access system areas for which they do not have authorization,
(2) are accountable for what they do,
(3) should use the system only for its designed purposes,
 (4) are responsible for the confidentiality of their passwords,
(5) should refrain from illegal activities, and unethical or obscene online (internet) behavior, and
(6) should not access pornographic material on the internet.


manoranjan kumar
pgdm 2nd

.Acceptable use policy

Corporate, organizational, or internet service provider's rules governing use of computers, networks, and associated resources. In general, an AUP states that employees, or users
 (1) should not try to access system areas for which they do not have authorization,
(2) are accountable for what they do,
 (3) should use the system only for its designed purposes,
(4) are responsible for the confidentiality of their passwords,
(5) should refrain from illegal activities, and unethical or obscene online (internet) behavior, and
 (6) should not access pornographic material on the internet.

Lalit Modi | Would have done things differently, but will enjoy IPL

Mumbai: Once feted as the man who multiplied the revenue of the Board of Control for Cricket in India (BCCI) and the person most responsible for the successful debut of the Indian Premier League (IPL) in 2008, Lalit Modi’s fall from grace two years later was dramatic. The Enforcement Directorate is looking into corruption charges against Modi, who’s currently located in London, and violation of Foreign Exchange Management Act (Fema) in relation with the Twenty20 league. Meanwhile, the IPL itself seems to have lost much of its allure with some matches last year being sparsely attended and advertising rates having declined. In an email interview on the eve of the fifth IPL series, Modi said the event retains all the basic ingredients of an exciting spectacle. Edited excerpts:

Spectator‘s view: Modi says IPL retains all the basic ingredients of a wonderfully exciting and eagerly anticipated spectacle. By Abhijit Bhatlekar/Mint

As the first chief of the Indian Premier League, you had envisioned the event growing in scale. Have you been disappointed by the previous season and the upcoming one? Not at all. I’m looking forward to it. As a cricket fan, how can you not be stimulated by a tournament that puts many of the world’s top players together in one condensed league? Many people have had their say in the build-up to IPL season five and, as I know from my own experience, a successful product is always a prime target for comment and analysis.
Certainly, there have been issues. The tournament nearly lost the Pune Warriors after a disagreement between Sahara and BCCI. Although Pune stayed in after Sahara settled the differences, BCCI was mighty close to losing a second franchise following Kochi’s suspension in September. Had that happened, the loss of 20% of the league within a matter of months would have created a massive issue. But there is still much to enjoy. Dhoni versus Tendulkar in the opening match is not bad for starters.
Most IPL teams have not been able to unlock their investment. What in your opinion went wrong?
In order to support the franchisees, the plan was simply to make it innovative and, therefore, appealing to the fans, broadcasters and sponsors on an ongoing basis. We set out to constantly monitor our product, and analyse how we could improve and move things along. We weren’t trying to re-invent the wheel with every move, but we did try to keep things fresh. We made sure we worked with all of our franchisees and partners to maximize visibility and appeal. I am sure now that the lock-in period of three years is over, new investors will find a line-up to take stakes in existing franchises. That will show that IPL is a much-valued property.
Viewership saw a drop last year. What could have been done differently?
In the formative years, we made sure that we stayed on top of the wow factor. A strong part of our approach was to ensure we continued to innovate and present and package the product in a refreshing way. After all, if your favourite meal is served in exactly the same style every night, you’ll soon tire of its splendour. It was always my intention that the IPL should be different. It had to be a constantly developing tournament, consumed by a colourful, vibrant razzmatazz that supported top class Twenty20 cricket played by the best players in the world. And each year we knew we had to work harder to make it different than the last. So, in my view—and whatever the current questions of the commentators—the IPL retains all the basic ingredients of a wonderfully exciting and eagerly anticipated spectacle, lit up by wickets, catches, sixes, and runouts.
Does it now make sense to have fewer advertisers paying a premium versus a large number of them?
I don’t think there’s a specific formula you can apply here, you have to move with market forces. If that’s how the market is going, then you must work to maximize your advantage. You could argue that paying a premium in the current climate is not an option at the moment. The innovation I talked about just now applies to the commercial stuff too. You have to work at it with your partners or potential partners and be prepared to move with the times.
IPL was stated to be the fastest-growing professional league in the world. Where does it stand now?
Well, the analysts appear to be split on where the IPL now stands, that’s for sure. For example, in the last few days, I’ve seen headlines as diverse as: “The turf ain’t that green anymore” and “IPL has all the ingredients of a blockbuster.” But in my view, it is still a terrific tournament.
Any successful new product will have a massive upward curve and equally, there will always be a levelling off. But people are making too much of that. The product we created has all the ingredients for fun, excitement and entertainment, and all those elements are still there. Perhaps I would have done things differently, but I shall still enjoy watching this year’s tournament—and will do so with a sense of pride that I started it all off. It is still the most innovative league to have been launched in last 30 years in sport, anywhere in the world.
The sense is that a few IPL franchise owners are looking to sell out. Why is this happening?
If your sense is correct, then much of it will be because the tournament is now five years old. Things naturally move on. You buy a house and a few years later you sell. It happens, and it should happen. You need transactions to take place for value to keep increasing. If BCCI were to stop transactions from happening, yes, then that would signal death for the league. But if more people want to invest and we allow others to continue to participate in the most innovative league, the value of the teams and league will only increase.
The IPL teams were to grow from the first eight to 10 teams. Today there are only nine teams, which directly hits the revenue of the IPL pool. How big a setback is this for the league?
This was part of what the Sahara issue was all about. Because of Kochi’s suspension, the matches were obviously reduced in number, and the revenue consequently was affected. So the gearing is different for a start and that obviously affects teams, sponsors and broadcasters. In that situation, it’s up to the IPL committee and BCCI to realign accordingly, but when the tournament starts in Chennai, I really don’t think supporters will worry too much about that. The next six weeks are all about a constant stream of entertainment from the cricket fields of India. And there is much for us all to be excited about in that.
How much has IPL contributed to BCCI’s revenues in the last four years in your opinion?
IPL without doubt and for the foreseeable future will account for more than 60% of BCCI’s revenue and over time it will probably be close to 70% of its revenue. This is based on the numbers I have seen. In terms of the last four fears, it would definitely be close to 65-70%.


Saket kumar
 pgdm2ndsem.
pg|11|42

BIG FM launches 'BIG Indian League' campaign'

Mumbai:  92.7 BIG FM, as it vows to create an overwhelming experience for cricket fans across the country with the explosive property - BIG Indian League.  This unique, interesting and innovative campaign brings a golden opportunity to listeners across its 45 station network, to not only relive their passion for cricket on radio by supporting their favorite teams, but also a chance to win a grand cash prize of Rs 1 lac and tickets to the IPL finale.

BIG FM has already partnered exclusively with two leading IPL teams Deccan Chargers and Kings XI Punjab promising listeners exclusive and interesting entertainment updates on these teams. Beginning 4th April, listeners stand to enjoy exclusive and the best possible IPL entertainment on radio.

92.7 BIG FM will give T20 on radio a new exciting twist built around the game, wherein listeners have to conclude the answer by putting forth a maximum of 20 questions to the RJ. The game will have 4 listeners representing one of the teams playing in the IPL that respective day with BIG FM RJ. The person who guesses the right answer using the lowest number of questions wins cricket goodies and also gets a chance to win the grand prize of Rs 1 lakh.

In addition to this, 92.7 BIG FM will recreate the magic of IPL with the BIG INDIAN LEAGUE championship in metros including Mumbai, Hyderabad, Kolkata, Bangalore, Delhi and Chennai. The cities will witness a mall activity to shortlist top 8 teams of the city. These 8 local teams will then fight for the title of BIG India league Champion for the city. In Hyderabad and Chandigarh, the winning team will get to play a real match with the respective city IPL teams. 92.7 BIG FM will also include live updates and insights of the cricket including toss and scores updates and players’ performance for all the matches.

Leading cricket expert Aakash Chopra will share the insights on the matches being played and give out player trivia while leading comic Surendra Sharma will add effervescence to the cricket fever with his witty one liners.
The initiative will be promoted aggressively across mediums and all the updates will have their digital foot print across social media platforms of BIG FM.

This property offers a an exciting and extensive platform to all the marketers who are keen to showcase their brands around this cricket season and ride on its multi-media promotions and massive scale of BIG FM.

Commenting on this initiative, Company Spokesperson said “In our country, cricket is the national passion and as a brand that celebrates people’s passions, 92.7 BIG FM is going all out to entertain listeners during this cricket season like never before on air, on-ground and digitally. We are committed to delivering highly engaging cricket-listening experience on radio with innovations in programming and marketing. Our scale and ability to drive quality content during this season is sure to make it deliver huge value for consumers and customers alike.”


Saket kumar
Pgdm2ndsem.
PG|11|42

Sahara withdraws India cricket sponsorship, IPL team

New Delhi: Sahara Group has pulled out of its sponsorship deal with the Indian cricket board and the Pune franchise of the Indian Premier League (IPL), the diversified business conglomerate said on Saturday.

A file photo of Subroto Roy Sahara, chairman, Sahara group (AFP)

Citing instances where it has been denied “natural justice” in IPL, Sahara said in a statement: “We really feel such one-sided emotional relationship cannot be dragged (out) any further. We are withdrawing from all cricket under BCCI. “However, we don’t want to give any problem to the BCCI and we also feel that the players should not suffer. BCCI will definitely take 2-4 months to get a new sponsor and we will continue paying the sponsorship money until then.
“All other IPL team players, coaches and other such associates will definitely get their due this year, in case they do not get a chance to play,” added the group which has been the sponsor the Indian cricket team since 2001.
Sahara’s existing sponsorship deal, at $719,000 per match, was to end on 31 Dec 2013.
“It’s unfortunate but we have not received anything in writing from them and cannot comment on a media statement,” BCCI vice president Rajeev Shukla told reporters.
While he did not elaborate, denying the Sahara-owned Pune franchise a replacement for their ailing player Yuvraj Singh is perceived as a major reason behind the fallout.
The development came barely an hour before Saturday’s IPL players auction in Bangalore.
Sahara claimed its first bid to enter IPL in 2008 was foiled by “a small technicality on the whims and fancies of BCCI”.
“Our humble request once again to the BCCI is that through the right process ... they should pass on our (IPL) team to some other interested party immediately,” the group said.
Instead, the group would reinvest the money and set up 20 sports promotion centres with an international standard sports academy.
Sahara bid $370 million to become owners of the IPL Pune franchise in 2010 and invested $100 million in Force India for a 42.5% stake in the Formula One team last year.

Saket kumar
PGDM2nd sem.
PG|11|42