Success in my Habit

Sunday, December 4, 2011

Topsgrup eyes Rs 1,500 cr revenue in FY12

MUMBAI: Security solutions provider Topsgrup is eyeing over 62 percent revenue growth at Rs 1,500 crore and is planning to enter the capital market by mid next year to raise Rs 300 crore, a top company executive has said.

"We are the largest security solutions provider in the country and are planning to further strengthen our presence further. We are also planning to hit the capital market by mid next year to raise around Rs 300 crore to fund our expansion," company Global Chairman Diwan Rahul Nanda told PTI here.

Topsgrup, which employs 93,000 people from 120 offices pan India, reported a revenue of Rs 925 crore, he said, adding the company has about 8,000 customers.

"We are planning to hire another 30,000 employees in next three years," Nanda said.

Topsgrup has 11 training centres, including two in the UK, where the company gives training to its workforce.

"We also have a strategic tie-up with the Ministry of Rural Development to train rural youth living below the poverty line across the country to enable them to earn their livelihood," he said.

The company, which forayed into the UK in 2008, is currently focused on domestic expansion, he said.

"Besides strengthening our existing presence through more acquisitions we are also looking into rural penetration as the opportunities there are growing," he said.

In May 2008, Topsgrup became the first Indian security company to foray into the UK by acquiring majority stake in the security company, The Shield Guarding Company.

Minus Ericsson, Sony to only make smartphones

MUMBAI: Sony Corp is all set to rebrand its mobile phones post the acquisition of Ericsson's share in the ten-year-old joint venture-Sony Ericsson. Asenior executive from the Japanese conglomerate, which also makes PlayStation video game consoles and Bravia TVs, said by mid next year, the Sony Ericsson brand will be phased out even as it looks to become a complete smartphone company. It would then sell its smartphones under the Sony brand.

The mobile handset maker, famous for its Walkman series phones, has been left behind in the race for market share in the last few years but is now banking on the Android-based smartphone segment to give it anew lease of life. Indian operations of Sony Ericsson will also follow the global strategy and by next year become a pure play smartphone brand as its line of feature phones makes an exit, said Kristian Tear, executive VP & head of sales & marketing, Sony Ericsson , while talking exclusively to TOI.

"A lot of planning goes into getting the branding right but we will be done by middle of next year. It will also mean that the marketing and advertising investments will go up. We haven't been as fierce as we were a few years back but we will step it up, refocus and invest more in brand-building in select markets and India is one of those markets," Tear added.

Sony Ericsson, which currently has about a 2% market share globally of the mobile handset market, underwent a management change about two years ago, got rid off the Symbian operating system in lieu of Google's Android and made the decision to focus only on the smartphone segment as losses mounted for the company . The Android platform, dominated by Samsung, now accounts for more than 50% of the overall smartphone market , according to Gartner, while Apple's iPhone has been the other big non-Android player in the overall smartphone category.

With full control of the company, the mobile phone maker is now looking to leverage more from its parent to help it bounce back. "Sony is the world's biggest entertainment company. We were earlier a 50-50 JV, but now that we are a wholly-owned subsidiary of Sony Corp. We expect to gain from its assets on the content , technology and brand side," he added.

The euro 6.2 billion Sony Ericsson will also integrate in some way at the sales and marketing level with its $86 billion parent company, although, with the acquisition still to get final approval, the process will only start next year, Tear said. Besides, gaining brand equity and assets of its parent, Sony Ericsson, which has 19% and 12% share of the Indian and global Android smartphone market, respectively, will increasingly focus on the valueend of the market.

Some industry watchers said this could mean foregoing a big chunk of the Rs 30,000 crore Indian handset market, still dominated by sub- Rs 3,500 phones. "Smartphone's still account for only about 6% of the overall market as low-cost devices rule majority of the Indian market. Although, the growth is happening rapidly at 30-40 % in the smartphone category it will be a while before we get to the adoption rate of the mature markets," said Anshul Gupta, principal research analyst, Gartner, a global information technology research and advisory firm.

The company is banking on the huge growth potential in the smartphone category to also push its profitability. "Last eight quarters have been good for us and we are proud of that. We went from focusing only on volumes to value but the big setback was what happened in Japan with the Tsunami, which put us back for this year quite a bit. But we are going in the right direction," Tear said. The target is to become the number one Android player in the smartphone segment, he added.

Dalits venture into funding to help community with Rs 500 crore fund

BANGALORE: India's Dalit businessmen are pooling together risk capital to set up a venture capital fund for their brethren, the first initiative of its kind in the country. The Rs 500-crore fund, being championed by the Dalit Indian Chamber of Commerce and Industry, will be registered with capital market regulator Sebi by the end of the year.

It will open for business in the middle of 2012. The initial corpus for the sector-agnostic fund will come from the community's business elite, a group which includes Ashok Khade, chief executive of the Rs 500-crore Mumbai-based Das Offshore Engineering, and Rajesh Saraiya, chief executive of the $400-million (Rs 2,000-crore) UK-based steel trading firm Steel Mont, who will anchor the fund as Limited Partners, or LPs.

"The current funding mechanisms are largely collateralbased, which means they are out of bounds for a number of Dalit entrepreneurs," said the chamber's Chairman Milind Kamble, explaining the rationale for setting up the fund. Dalits number about 200 million, or one-sixth of India's population, but control only 1% of the country's wealth because they own very few assets, according to D Shyam Babu, a Dalit scholar and activist, who is researching the community's economic progress.
The Dalit business community has traditionally faced major hurdles in accessing capital despite the creation of government institutions such as the National Scheduled Caste Finance and Development Corp. "The amounts disbursed are too small - barely Rs 5 lakh - and even that is doled out in instalments. There is no denying the government programmes are designed to help, but they fall short," Babu said.

The fund will be run as a regular risk capital entity but will need to balance social good with commercial interest as the aim is to broaden the availability of capital for Dalit businessmen. "But this fund is not a charity; it will be run as a business," Kamble said.

Prasad Dahapute, MD at Varhad Capital, a boutique investment banking firm involved in setting up the fund, said they are seeking at least 30 members to contribute Rs 5 crore each. A number of well-known Dalit businessmen have been asked to contribute to the fund and many have agreed, he added.

Bank of India buys 51% in Bharti-AXA joint venture, returns to mutual fund business

India's fifth largest state-owned bank, Bank of India (BoI), will buy 51% stake in the mutual fund joint venture between telecom major Bharti Enterprises and AXA Investment Managers, a statement from the bank said.
This paves the way for Bank of India's re-entry into the 41-member-strong local mutual fund (MF) industry. BoI had shut its MF business in 2004.

BoI will buy Bharti's 25% stake and AXA's 26% stake in the in the asset management company. The deal brings down the Paris-headquartered AXA's stake in Bharti AXA Investment Managers to 49%.

Financial details of transaction wasn't disclosed, but an official familiar with the deal said BoI could have paid about 3% of Bharti AXA Investment's total assets under management of Rs 176 crore as on September 30. Total AUMs of the mutual fund industry was Rs 7.12 lakh crore as on September 30.

This values the deal at about Rs 5.3 crore. BoI will exclusively sell Bharti AXA Investment's products through its branch network, the person said, asking not to be named.

Bharti has been scouting for a buyer for its stake in the mutual fund venture for the past two years. The hunt for a prospective partner has largely been confined to banks, mainly state-owned, because their reach across the country would help the fund sell its schemes better.

Since the ban on entry load, or the fee that mutual funds used to charge investors to pay distributors, in August 2009, which have made distributors disinclined to market mutual fund schemes, banks have been in demand as partners for funds. In particular, small funds, which lack the network to market their equity schemes, are keen to tie up with banks.

Currently, most state-owned banks such as State Bank of India, Bank of Baroda and Canara Bank, which hold stakes in mutual fund ventures, own at least 49% in them.

Mutual fund industry officials said AMCs in emerging markets are usually valued at 4-6% of their assets. Recently, L&T Finance, the financial services arm of engineering major Larsen and Toubro, bought DBS Cholamandalam Asset Management for Rs 45 crore, valuing DBS at 1.55% of its total assets under management.

In June last year, Japan's Nomura bought a stake in LIC Mutual Fund for about 2.5% of fund's assets. In 2009, IDFC bought Standard Chartered Bank's asset management business for close to 5.7% of its assets.

TVS Motors, India Yamaha log sales growth in November

CHENNAI: Two-wheeler majors TVS Motor Company and India Yamaha Motor closed November with increased sales as compared to November last year.

TVS Motor Company closed the month with a sales growth of 12 per cent, selling 175,535 units compared to 157,041 units in the same month of the previous year.

The company's cumulative sales for the April-November, 2011, period grew by 12 per cent with sales of 1,499,612 units against 1,341,106 units recorded in the previous comparable period.

In its statement, the company Thursday said in view of the overall slowdown in economic growth, high inflation, increase in fuel prices and interest rates, there will be some moderation in the sales growth in two-wheelers over the next 3-6 months.

The company sold 172,829 two-wheelers last month in comparison with 153,882 units recorded in November 2010.

The company shipped out 24,271 units last month, logging 53 per cent growth over 15,850 units sold in November 2010.

However, in the three-wheeler segment, the company logged lower sales at 2,706 units last month as compared to 3,159 units sold in November 2010.

Cumulative TVS three-wheeler sales for the period of April-November 2011 grew by 21 per cent with sales of 29,524 units compared to 24,363 units registered during the same period of the previous year.

On the other hand, Japanese two-wheeler maker India Yamaha Motor Pvt Ltd closed November selling 39,162 units, up by 29 per cent as compared to November 2010 sales of 30,130 units.

Jun Nakata, director, sales and marketing, India Yamaha Motor, said: "We are very happy with the consistent sales growth that we've been witnessing this year. The new YZF-R15 version 2.0 along with FZ and SZ series is driving our sales in both domestic and export markets."

He said the company is planning to expand its sales and service network in tier II and III cities.

Hero MotoCorp sales up 27.4 per cent in November

NEW DELHI: Two-wheeler major Hero MotoCorp Thursday reported a sales growth of 27.4 per cent in November which stood at 536,772 units as against 421,366 units sold in the like period of 2010.

"Our sales continue to set new benchmarks in the industry. We have been maintaining five-lakh-plus sales since August 2011 when we had launched our new brand identity," Anil Dua, senior vice-president for marketing and sales, Hero MotoCorp said in a statement.

According to Dua, the 27 per cent increase in sales for the month under-review assumes more significance as it was achieved post-festive period.

"This 27 per cent growth in the post-festive month of November is significant as it comes after our record retail sales in the month of October," Dua said.

The company's cumulative sales for the period April-November grew by 19.6 per cent at 41,22,902 units from 34,46,602 units sold in the corresponding period of last year.

The company added that it will continue its strategy of new product offerings and network expansion.

"We plan to continue with our strategy of regular new launches, continuous network expansion and focused communication," Dua said.

HMSI sales up 54 pc in November

NEW DELHI: Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) today reported 53.64 per cent growth in its total sales for November at 1,99,154 units.

The company's total sales stood at 1,29,627 units in the corresponding month of the previous year, HMSI said in a statement.

Motorcycle sales jumped 32.82 per cent to 79,724 units in November this year, against 60,025 units in November 2010, it added.

The company reported an increase of 71.59 per cent in scooter sales to 1,19,430 units compared to 69,601 units in November 2010.

Ashok Leyland sales up 53% in November

NEW DELHI: Hinduja Group flagship company Ashok Leyland today reported 53.36 per cent jump in commercial vehicle sales at 7,878 units in November.

The company had sold 5,137 units in the same month of 2010.

Domestic sales were 6,477 units in November, as against 3,885 units in the same month of the previous year, up 66.72 per cent, Ashok Leyland said in a statement.

Exports increased 11.90 per cent to 1,401 units last month from 1,252 units in the year-ago period.

Nissan Motorsport NISMO keen to enter India

FUJI: Nissan Motor Co's motorsports arm, NISMO will consider entering the Indian market in the long term as it looks to tap increasing popularity of motorsports activity in the country.

Nissan Motorsport International Co (NISMO) said India will be considered when the company decides to enter motorsports race or rally in markets where its parent's automotive business is growing.

"India is very important as a car market but I want to see how motorsports evolves in the future in India. I know F1 was conducted in India...So, probably motorsports activity is going to be more popular," NISMO President Shoichi Miyatani said here.

Currently, NISMO is studying which race or rally it should participate and where, starting with Japan, he added.

"A process has started with the involvement of all kinds of regions and motorsports agencies not only in Japan, but globally. So, I guess India will come up in that kind of process," Miyatani said.

He said the company's approach on motorsports also has to change considering the expansion of automotive business in markets like China, India, Brazil and Latin America.

As far as India is concerned, he said the company is aware of the potential of motorsports but it would have to study in details before thinking about introducing its sports and racing cars or parts.

"How can NISMO enter into motorsports activity with partnership in India? That is something we should consider first and after that we should consider a NISMO version (of sport cars) and NISMO parts," he said.

Miyatani further added: "I think the first point is to give people a credible image of NISMO. Just selling NISMO cars or NISMO parts means nothing."

NISMO, which is present only in Japan, is into design and development of race and rally cars apart from taking part in domestic and international races. It also promotes and manages domestic and international racing promotional activities.

Besides, it is also into planning, development and sales of competition parts for production vehicles and servicing.

In FY10 NISMO had registered gross sales of USD 75.4 million.

In India, Nissan sells cars such as the Micra, Sunny, Teana and SUV Xtrail. It along with alliance partner Renault has a plant in Chennai that has an annual capacity to produce 4 lakh cars set up an investment of Rs 4,500 crore.

Saturday, December 3, 2011

International Days

JANUARY :
1-Jan - New Year

26-Jan - Repulbic Day

27-Jan - International Day of Commemoration in Memory of the Victims of the Holocaust;


FEBRUARY :
4-Feb - World Cancer Day [WHO]

20-Feb - World Day of Social Justice

21-Feb - International Mother Language Day[UNESCO]

MARCH :
8-Mar - International Women's Day

21-Mar - International Day for the Elimination of Racial Discrimination

21-Mar - World Poetry Day [UNESCO]

21-Mar - International Day of Nowruz

22-Mar - World Water Day

23-Mar - World Meteorological Day [WMO]

24-Mar - World Tuberculosis Day [WHO]

24-Mar - International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims

25-Mar - International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade

25-Mar - International Day of Solidarity with Detained and Missing Staff Members

APRIL:
2-Apr - World Autism Awareness Day

4-Apr - International Day for Mine Awareness and Assistance in Mine Action

7-Apr - Day of Remembrance of the Victims of the Rwanda Genocide

7-Apr - World Health Day [WHO]

12-Apr - International Day of Human Space Flight

22 Apr - International Mother Earth Day

23 April - World Book and Copyright Day[UNESCO]

25 April - World Malaria Day [WHO]

26-Apr - World Intellectual Property Day [WIPO]

28-Apr - World Day for Safety and Health at Work [ILO]

29-Apr - Day of Remembrance for all Victims of Chemical Warfare

MAY :
2nd Sunday - Mother's Day

3-May - World Press Freedom Day

8–9 - May Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War

14–15 - May World Migratory Bird Day [UNEP]

15-May - International Day of Families

17-May - World Telecommunication and Information Society Day [ITU]

21-May - World Day for Cultural Diversity for Dialogue and Development

22-May - International Day for Biological Diversity

29-May - International Day of UN Peacekeepers
31-May - World No-Tobacco Day [WHO]

JUNE :
4-Jun - International Day of Innocent Children Victims of Aggression

5-Jun - World Environment Day [UNEP]

8-Jun - World Oceans Day

12-Jun - World Day Against Child Labour [ILO]

14-Jun - World Blood Donor Day [WHO]

17-Jun - World Day to Combat Desertification and Drought

3rd Sunday - Father's Day

20-Jun - World Refugee Day

23-Jun - United Nations Public Service Day

23-Jun - International Widow’s Day

25-Jun - Day of the Seafarer [IMO]

26-Jun - International Day against Drug Abuse and Illicit Trafficking

26-Jun - United Nations International Day in Support of Victims of Torture

JULY :
1st Saturday - International Day of Cooperatives

11-Jul - World Population Day

18-Jul - Nelson Mandela International Day

28-Jul - World Hepatitis Day

30-Jul - International Day of Friendship

AUGUST :
1st Sunday - Friendship day

9-Aug - International Day of the World's Indigenous People

12-Aug - International Youth Day

15-Aug - Independence Day

19-Aug - World Humanitarian Day

23-Aug - International Day for the Remembrance of the Slave Trade and Its Abolition[UNESCO]

29-Aug - International Day against Nuclear Tests

30-Aug - International Day of the Victims of Enforced Disappearances

SEPTEMBER :
8-Sep - International Literacy Day [UNESCO]

10-Sep - World Suicide Prevention Day [WHO]

15-Sep - International Day of Democracy

16-Sep - International Day for the Preservation of the Ozone Layer

21-Sep - International Day of Peace

Last Sunday - World Heart Day [WHO]

27-Sep - World Tourism Day [UNWTO]

28-Sep - World Rabies Day [WHO]

Last week - World Maritime Day [IMO]

OCTOBER :
1-Oct - International Day of Older Persons

2-Oct - International Day of Non-Violence

1st Monday - World Habitat Day

5-Oct - World Teachers’ Day [UNESCO]

9-Oct - World Post Day [UPU]

10-Oct - World Mental Health Day [WHO]

13-Oct - International Day for Disaster Reduction

2nd Thursday - World Sight Day [WHO]

15-Oct - International Day of Rural Women

16-Oct - World Food Day [FAO]

17-Oct - International Day for the Eradication of Poverty

24-Oct - United Nations Day

24-Oct - World Development Information Day

27-Oct - World Day for Audiovisual Heritage[UNESCO]

NOVEMBER :
6-Nov - International Day for Preventing the Exploitation of the Environment in War and Armed Conflict

10-Nov - World Science Day for Peace and Development [UNESCO]

14-Nov - World Diabetes Day [WHO]

14-Nov - Chindren's Day

16-Nov - International Day for Tolerance

17-Nov - World Chronic Obstructive Pulmonary Disease Day [WHO]

3rd Thursday - World Philosophy Day [UNESCO]

20-Nov - Universal Children’s Day

20-Nov - Africa Industrialization Day

3rd Sunday - World Day of Remembrance for Road Traffic Victims [WHO]

21-Nov - World Television Day

4th Thursday - Thanksgiving day

25-Nov - International Day for the Elimination of Violence against Women

29-Nov - International Day of Solidarity with the Palestinian People

DECEMBER :
1-Dec - World AIDS Day

2-Dec - International Day for the Abolition of Slavery

3-Dec - International Day of Persons with Disabilities

5-Dec - International Volunteer Day for Economic and Social Development

7-Dec - International Civil Aviation Day [ICAO]

9-Dec - International Anti-Corruption Day

10-Dec - Human Rights Day

11-Dec - International Mountain Day

18-Dec - International Migrants Day

19-Dec - United Nations Day for South-South Cooperation

20-Dec - International Human Solidarity Day

25-Dec - Christmas