Abhishek Securities

  Tata  Motors Ltd is cashing in on the success of its Jaguar Land Rover Ltd (JLR) unit to borrow dollars as it refinances in the face of sliding domestic sales. India’s biggest carmaker hired banks to arrange a $500 million loan facility last week, the first international fundraising since its Jaguar unit sold a 10-year bond in January. The cost of insuring the debt of Tata Motors fell 44 basis points last month, the most of any Indian company, and compared with a 56 basis point drop for Jaguar and 34 for  Ford Motor Co.  Tata Motors debt-to-earnings ratio has been rising since 2011. The success of Tata Motors’ overseas luxury vehicle sales has boosted the company’s profit even as revenue from domestic brands slides. The offshore income streams make borrowing in dollars less risky for the car-making arm of Tata Sons Ltd, the country’s largest industrial group, as back-to-back increases in the Reserve Bank of India’s (RBI’s) benchmark rate make rupee financing ...

Tata Realty and Infrastructure Ltd, a hundred percent subsidiary of Tata Sons Ltd, one of India's largest and most respected conglomerates, marks it foray into Punjab with the launch of 'Trilium', in Amritsar early next month. 'Trilium' is poised to be the largest and finest retail destination in Punjab and its launch will fortify Amritsar's position on the Indian retail map. Spread over a land area of 5.54 acres, this 700,000 square feet retail mall will offer an experience beyond shopping, dining and entertainment to shopping aficionados, food connoisseurs and mall goers in Punjab. Developed by one the leading architectural firm - RTKL, USA, 'Trilium' will be one of the few Indian malls that is LEED compliant and earthquake resistant. Best-in-class technological and design elements have been used in construction operations and management, creating an exclusive feel and convenience for custome...

Nitin Nohria, dean and George F Baker Professor of Business Administration at Harvard Business School, has been appointed non-executive director of Tata Sons. The Tata Sons board now comprises Chairman Cyrus Mistry, Farrokh K Kavrana, R Gopalakrishnan, Ishaat Hussain, Vijay Singh and Nohria. Earlier, Nohria served as co-chair of the Harvard Business School leadership initiative, senior associate dean of faculty development and head of the organisational behaviour unit of Harvard Business School. A doctorate in management from the Sloan School of Management, Massachusetts Institute of Technology, he holds a BTech degree in chemical engineering from Indian Institute of Technology-Bombay (which honoured him as a distinguished alumnus in 2007). He was a visiting faculty member at the London Business School in 1996. He has served as advisor and consultant to several companies across the world. Sandip Ginodia A BHISHEK SECURITIES We deal in over 60 unlisted companies w...

Air Asia ,the largest discount carrier in Southeast Asia by fleet size, said Wednesday it plans to partner Tata Sons Limited and Arun Bhatia of Telestra Tradeplace Pvt. Ltd to set up a low-cost airline in India. The proposed joint venture comes after a September decision by the Indian government to open the aviation sector up to direct investment from foreign carriers. The three parties have signed an initial agreement and AirAsia has applied to the government to hold 49% of the proposed Indian joint venture. If the Indian government gives its approval, the proposed joint venture will seek an operational license from the aviation authorities. AirAsia is investing in the joint venture via its investment arm AirAsia Investment Ltd. The joint venture plans to operate from Chennai in the southern state of Tamil Nadu and proposed to link smaller cities to the metropolis. "We have carefully evaluated developments in India over the last few years and strongl...

Smart Value Homes Limited (SVH), the wholly-owned subsidiary of Tata Housing Development Company Limited, is planning to raise $50 million from International Finance Corporation (IFC) to fund the development of affordable housing projects. The company is keen on developing affordable housing projects in other emerging markets, particularly in the SAARC region. Tata Housing, a wholly-owned subsidiary of Tata Sons, ventured into real estate development in 1984. To date, Tata Housing has completed 17 residential and seven commercial projects spread over 3.8 million square feet across the country. Smart Value Homes, headquartered in Mumbai, has seven ongoing projects in the states of Gujarat, Tamil Nadu, Maharashtra and Karnataka. The company plans to sell approximately 50,000 affordable housing units in India over the next five years. IFC is proposing a financial investment of up to $50 million in SVH to partially fund the development of affordable housing units. The s...

Tata Sons, promoter firm of the companies in the Tata conglomerate, today said it has appointed Mukund Rajan -- ex-Managing Director of Tata Teleservices (Maharashtra) Ltd, as the Group Spokesperson and Brand Custodian. He will have the responsibility to oversee and manage all corporate communications and brand related activities for the group in India and abroad, Tata Sons said in a statement. Rajan's is the first major appointment after Cyrus Mistry took over as the Chairman of the group after Ratan Tata retired on December 28, 2012. "Additionally, he (Rajan) will serve as the Chief Ethics Officer of the group and also oversee all Tata group Corporate Social Responsibility (CSR) activities as Chairman of the Tata Council for Community Initiatives (TCCI)," the statement said. His appointment is with immediate effect and in his new role, he will report directly to Mistry, it added. Rajan, 44, has been with the Tata group for over 18 years, after starting...