Friday, February 29, 2008

Why hobbies are important in resume

Read this excellent piece about Googles Mayer from San Fran Mag. I was impressed with her having 12 offers to work and deciding to dump Mc Kinsey for Google (Which people hardly know about 6- 7 years before).

My hypothesis to make change and be some thing is simple. Take calculated risks and follow your passion when you pursue the dreams. Its hard to be any where with out both.

Hobbies and its importance from Marissa Mayer Google Fame
“I’m a businesswoman first and foremost,” she says. Then she adds, with her weird laugh, “My hobbies actually make me better at work. They help me come up with new and innovative ways of looking at things.” 

wall street scream commodities

Commodity Prices Surge, As Investors Seek a Haven -
Commodity Prices Surge,
As Investors Seek a Haven

Indias growth is in service and manufacturing

Government of India : Union Budget and Economic Survey (
he drivers of growth continue to be "services" and "manufacturing", which are estimated to grow at 10.7 per cent and 9.4 per cent, respectively.

Thursday, February 28, 2008

The best thing you can do is to identify and acknowledge the competition

Googirl | San Francisco online
. She speaks insanely quickly and has no patience with people who can’t keep up.” She also has an uncanny, and sometimes unnerving, ability to zero in on the problem or solution—a skill she says she honed on her high school debate team, which won the state championship her senior year.

Friday, February 22, 2008

Indias real estate leaders

Property Pashas

The real estate sector is witnessing the emergence of a new breed
of ambitious developers. Some want to go national, others are
going international and all of them are competing hard to give
the customer the very best of homes, offices and malls.

There's a new
bull in the property market. Sameer Gehlaut, the 31-year-old Chairman
and CEO of online stockbroking firm IndiaBulls announced his grand
entry into the Indian real estate sector by sewing up two big-ticket
deals to buy up prime mill lands in space-starved Mumbai. The
combined price tag: Rs 717 crore.

Cut to Delhi. The middle-class borough of
Kalkaji is not where you expect to meet one of the leading realty
barons of the country. But the four-storey Omaxe Constructions'
headquarters stands out amid the clutter and the congestion. And
when you walk into the office of Rohtas Goel, Omaxe's Chairman-cum-MD,
and glance at the wooden flooring, expensive furnishings and a
snooker table, you get the whiff of new money.

Ten kilometres away, on the sixth floor of
Arunachal Building on Barakhamba Road, another property baron
sits in another opulent office with large and expensive idols
of Balaji and Shirdi Sai Baba everywhere. This is the headquarters
of Parsvnath Developers. Chairman Pradeep Jain's office has a
tape-recorder playing Sai Baba mantras around the clock. Both
Goel and Jain have plenty in common. Both had modest starts; the
former was a contractor and the latter a property broker, who
later became a contractor. Both were unheard of even three years
back. And both have turnovers in excess of Rs 300 crore, with
projects spread across 12 cities in the country. In Hyderabad,
there's Pawan Kumar Agrawall, 47, MD, Ambience Properties, which
has a turnover of around Rs 100 crore. Agrawall has footprints
in the twin cities of Hyderabad and Secunderabad, Vishakapatnam,
and Tirupati, and is comtemplating projects in Kolkata, Bangalore
and along the Mumbai-Pune expressway.

Hottest Clusters In India
Design Inc.

These upstarts are nipping at the heels of
established biggies like the Hiranandanis in Mumbai, K.P. Singh
of DLF and the Chandras of Unitech in Delhi, who are also in expansion
mode. Niranjan Hiranandani, MD of the Rs 750-crore Hiranandani
Constructions and the man behind Powai-Mumbai's most sprawling
and contemporary suburb-is developing a 92-storey project in Dubai.
Christened 23 Marina, the project is expected to offer the ultimate
living experience. On completion, 23 Marina will be the tallest
residential complex in the world. K.P. Singh, Chairman of the
DLF Group, recently acquired 17 acres of NTC mill land in Mumbai
for Rs 702 crore and is expected to build a commercial-retail
complex there. The Rs 496-crore DLF group is working towards a
national footprint and has started projects in 11 cities, including
Kolkata, Chandigarh, Chennai, Bangalore, Cochin and Hyderabad.
Sanjay Chandra, Director of the Rs 623-crore Unitech Ltd, is also
expanding in a big way. In Kolkata, he is setting up the city's
largest residential project (10 million square feet) at Rajarhat,
and a 5 million square feet it park. Unitech's footprint spans
Bangalore, Pune, Mumbai, Hyderabad and Chennai and will soon do
smaller cities such as Agra, Varanasi and Mohali. The Chandras
also plan to launch a Rs 1,000-crore property fund called cig
Property Fund. "This fund will not only support smaller developers
financially, but give ideas, build relationships and add value
to their projects," he says.

"Most large developers across the country
want to have a national footprint today," says Anuj Puri,
MD, Chesterton Meghraj Property Consultants. According to Puri,
a majority of them aren't particularly keen on tying up with foreign
companies. "Banks are bending backwards to finance their
projects and demand is so high that they are sold out, often within
moments of their launch," he says. "What do I need FDI
(foreign direct investment) for?" questions Jain of Parsvnath

However, not everyone thinks like Jain. Ravi
Purvankara, Chairman of the Rs 100-crore Purvankara Properties
of Bangalore, feels foreign investment is the next big thing in
real estate. "Foreign firms bring a sense of transparency
to a market that has a reputation for generating black money,"
he contends. Purvankara has formed a 49:51 joint venture, Keppel
Purvankara, with the Singapore-based Keppel Land. The JV will
invest Rs 1,000 crore in two ventures in Bangalore. Arun Poddar
of the Kolkata-based Rs 200-crore Poddar Projects has also tied
up with an overseas company for a township project in Bardhaman.
Says Jugal Khetawat, Director of the Kolkata-based Rs 250-crore
South City Projects: "FDI will bring in more money and also
result in the inflow of advanced building technologies. We have
tied up with a foreign company for the development of two townships
in West Bengal for which Expressions of Interest have been invited."
The fine print of both proposals is being worked out.

The reaction to the entry of foreign players
may be mixed, but intense competition among various players is
resulting in improved quality and world class facilities. "The
customer is spoilt for choice," says Sumit Dabriwal, Executive
Director of the Kolkata-based United Credit Belani Group, which
is developing a 262-acre Rs 1050-crore township just outside Kolkata.
Chandra will shortly introduce webcams at various Unitech project
sites so that buyers can monitor the progress of the projects
from their homes. Apartments in Omaxe's Forest residential complex
in Noida will each have a 500-square feet bathroom, complete with
a steam room, jacuzzi, shower cubicle and a massage chair. And
landscaping a residential complex-adding a lake here, a hillock
there-is now standard practice.

The real estate boom is fuelled by the easy
availability of finance. Last fiscal, HDFC disbursed loans worth
Rs 86,798 crore to 2.6 million families, informs Renu Sud Karnad,
Executive Director, hdfc. Quoting a Merril Lynch report, Pia Singh,
MD, DLF Retail Developers and daughter of K.P. Singh says: "The
real estate sector will add $50 billion (Rs 2,20,000 crore) to
GDP by 2010." That's great news for developers. But fierce
competition among these pashas will ensure that the consumer will
remain the real king.

Sameer Gehlaut

31/ Chairman & CEO/ Indiabulls

Rs 168 crore

PROJECTS COMPLETED: Just acquired Jupiter Mills and Elphinstone
Mills in Central Mumbai.

These mark its debut in the realty sector

PROJECTS IN THE PIPELINE: Jupiter Mills, Elphinstone Mills




Indiabulls properties has been
involved in two of the largest real estate deals in Indian history.
First, it acquired Jupiter Mills for Rs 276 crore. Then it bought
the 7.8-acre Elphinstone Mills for Rs 441 crore. "We believe
that the rentals that will accrue with respect to the costs that
have been incurred are fully justified," explains Gagan Banga,
Executive Director, Indiabulls. He says the company will continue
to look at any space that is commercially viable. Residential
property is not on the agenda for the moment, though. With no
indication of real estate activity slowing down in central Mumbai,
this company may just be in the news again. Indiabulls Properties
is a 51:49 joint venture between Farallon, a San Francisco-based
fund manager, and Indiabulls


55/Managing Director/Hiranandani Construction

TURNOVER: Rs 750 crore

PROJECTS COMPLETED: 30 million square feet

PROJECTS IN THE PIPELINE: 20 million square feet

PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: Middle class to rich

FOOTPRINT: Mumbai, Dubai

Achartered accountant by qualification,
Hiranandani dabbled in textiles before real estate took over his
life in 1981. "The sector was then characterised by black
(money) transactions and uncouth people," he recalls. But
that didn't stop him from becoming, arguably, the biggest name
in the business. He finds it difficult to pinpoint the big break
in his career. "The emergence of transactions in white (money)
or having schools and hospitals in townships-every step, in that
sense, has been a break," he says. Wonder what the next big
one will be?

Mofatraj P. Munot

61/ Chairman/ Kalpataru Construction

Rs 250 crore


PROJECTS IN THE PIPELINE: 4.5 million square feet

PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Mumbai, Pune

Mofatraj P. Munot's entry into
the business was facilitated by the fact that his uncle was already
in the real estate space. "I got into the business in 1961
and broke off on my own in 1969," he recalls. The Emergency
intervened and he relocated to the Middle East. "I learnt
a great deal from overseas professionals and understood technology,
project scalability and how to implement turnkey projects,"
he informs. He also got to work on projects like airports and
hospitals "where the quality orientation was very strong".
Today, his brand name is associated with plush apartments and
high-quality commercial complexes. Which was his big break? "I
think it is yet to take place," he says.



TURNOVER: Rs 623 crore

PROJECTS COMPLETED: 40 million square feet

PROJECTS IN THE PIPELINE: 25 million square feet

PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: High-income groups

FOOTPRINT: Delhi, Gurgaon, Greater Noida, Noida, Kolkata,
Chennai, Bangalore, Pune, Mumbai, Hyderabad, Agra, Varanasi and

An MBA from Boston University,
Sanjay Chandra is quite different from his peers in the industry.
"Real estate development is a passion with me," says
Chandra, adding that he's mainly focussed on residential projects
and IT parks. "We have been growing at 40 per cent every
year and I want to maintain that growth," he says. The project
that is closest to Chandra's heart is the 300-acre Karma Lakelands
in Gurgaon, which will have 300 homes built around a golf course.
Unitech is also building the largest mall in the country at Entertainment
City in Noida. Spread across 142 acres, it will also have an amusement
park and will be completed in 2009.

Harshavardhan Neotia

44/MD/Bengal Ambuja Housing Development

Rs 2,100 crore (Rs 2,000 crore from cement)

PROJECTS COMPLETED: 3 million square feet


PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Kolkata, Durgapur, Siliguri, Shantiniketan

Harsh Neotia pioneered the concept
of public-private partnership in the housing industry, when he
undertook the Udayan project on a 25-acre plot on Kolkata's Eastern
Metropolitan Bypass in 1994. The project had three segments (for
high income buyers, middle income buyers and low income buyers)
and the profits from the first were used to partially subsidise
the latter two. This model has now become the industry-norm in
West Bengal and is even being replicated in other states. Since
then, Neotia has promoted a number of residential and commercial


42/Chairman & Managing Director/Omaxe

TURNOVER: Rs 450 crore

PROJECTS COMPLETED: 1.5 million square feet

PROJECTS IN THE PIPELINE: 6 million square feet

PROJECT CLASS: Condominiums, townships, specialty malls

PROFILE OF BUYERS: Middle class to very rich

FOOTPRINT: Palwal, Rohtak, Raipur, Faridabad, Kundli, Noida,
Gurgaon, Delhi, Greater Noida, Agra, Lucknow, Patiala, Ludhiana,
Amritsar, Sonepat, Jaipur

He's another contractor who made
it big. Rohtas Goel started Omaxe Construction in 1987. Today,
it is present in the National Capital Region and 12 cities. Goel
is setting up townships in Lucknow, Sonepat and Kundli; wedding
malls (wedding halls and shops selling trosseau's and the like)
in Agra and Patiala; malls in Ludhiana and Amritsar; and a group
housing complex in Faridabad. His first big project was Omaxe
Executive Floors in Gurgaon in 2000. Why this fascination with
small towns? "If Mumbai can have Navi Mumbai, Delhi can have
New Delhi, then why can't Agra have a New Agra, or Jaipur a New
Jaipur?" he responds.

Pradeep Jain

42/Chairman/Parsvnath Developers

Rs 306.85 crore

PROJECTS COMPLETED: 7 million square feet

PROJECTS IN THE PIPELINE: 40 million square feet

PROJECT CLASS: Apartments, penthouses, bungalows, plots,
malls and shopping arcades

PROFILE OF BUYERS: Lower middle class to high-income groups

FOOTPRINT: Delhi, Noida, Greater Noida, Ghaziabad, Mohan
Nagar, Moradabad, Saharanpur, Gurgaon, Kochi, Faridabad, Bangalore,
Chandigarh, Jaipur, Sonepat, Agra and others

Pradeep Jain started out as a small-time
property broker to the Ansals at the age of 19. His first residential
project: Parsvnath Estate (Greater Noida) in 2001. Today, Parsvnath
is developing projects worth Rs 8,000 crore in 21 cities and towns
across the country. His target: sales of Rs 800 crore this fiscal
and Rs 2,300 crore by 2010. Jain, who bid Rs 621 crore for the
NTC mill land that DLF bought for Rs 702 crore, is keen on entering
the Mumbai property market and is participating in all the bids
for mill lands. He has also bid for projects in Mauritius, Singapore
and Sri Lanka.

Pal Singh

74/Chairman/DLF Group

TURNOVER: Rs 496 crore

PROJECTS COMPLETED: 29.5 million square feet


PROJECT CLASS: Townships, condominiums, row houses, penthouses,
bungalows, IT parks, office complexes and malls

PROFILE OF BUYERS: High-income groups

FOOTPRINT: Delhi, Gurgaon, Chandigarh, Kolkata, Pune, Bangalore,
Chennai, Kochi, Hyderabad, Ludhiana, Jallandar, Noida, Mumbai.
Plans to enter Lucknow shortly

Kushal Pal Singh, the man behind
Gurgaon, made headlines recently when he made an entry into the
Mumbai property market by acquiring 17 acres of NTC mill land
in the heart of the metropolis for a whopping Rs 702 crore. "We
want to have a national footprint," says Singh, who is reputedly
the richest realtor in the country today. The net asset base of
the DLF Group is Rs 15,000-20,000 crore. DLF has recently launched
IT Parks in Chandigarh and Kolkata, and will soon be entering
Chennai, Hyderabad, Bangalore and Pune.

Ravi Purvankara

48/Chairman/Purvankara Projects

Rs 100 crore

PROJECTS COMPLETED: 25 million square feet

PROJECTS IN THE PIPELINE: 15 million square feet

PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: Upper middle class for residential,
and MNCs and large corporates for commerical properties

FOOTPRINT: Bangalore, Chennai and Dubai.

Ravi Purvankara is an inheritor
who made good. The turning point of his career came when he shifted
base from Mumbai to Bangalore in 1987. The project: the 600-apartment
Purva Park in the heart of Bangalore. "There were very few
large residential buildings back then," reminisces Purvankara,
who sells 250-300 apartments a month. He is among the first to
tie up with an overseas developer. Commenting on the 7-hectare
property he's promoting with the Singapore-based Keppel Land,
he says: "Foreign firms bring a sense of transparency to
a market that has a bad reputation for slush money and underhand
deals." Purvankara is well entrenched in Dubai and is also
considering projects in Colombo.


37/Chairman & Managing Director/Nirmal


PROJECTS COMPLETED: 3 million square feet

PROJECTS IN THE PIPELINE: 15 million square feet

PROJECT CLASS: Commercial and residential

PROFILE OF BUYERS: Middle class to high-income groups


Dharmesh Jain is not joking when
he says he visits his sites sometimes at 4 a.m. Real estate was
a childhood passion. "The biggest kick about being in the
business is that you see every part of your dream unfold,"
he says. The Nirmal Group has been inexistence for 30 years and
Jain entered the business straight after college in 1988. His
dream: to make Mulund the best suburb in India. The turning point:
Nirmal Lifestyle, the country's largest mall. His current passion
is a 5-star hotel he is constructing in Mumbai. "It will
be ready in the next three years," he says.

C.L. Raheja

64/Chairman/K. Raheja Corp.


PROJECTS COMPLETED: About 15 million square feet

PROJECTS IN THE PIPELINE: 2 million square feet

PROJECT CLASS: Commercial and residential

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Mumbai, Pune, Chennai and Bangalore

Quiet and efficient' is an appropriate
description for the K. Raheja Corp. with a presence in Mumbai,
Pune, Chennai and Bangalore, the group is a name to reckon with
in both residential and commercial properties. Names such as Mindspace
(which is spread over a sprawling 8 million square feet), and
Raheja Vihar in Mumbai and Raheja Towers in Chennai and Bangalore
are well-known establishments. C.L. Raheja is the current head
of the group. His office said he would not meet Business Today
for this article.

Anand Mahindra

50/Chairman/ Mahindra Gesco Developers

Rs 93 crore

PROJECTS COMPLETED: 8 (Sizes not available)

PROJECTS IN THE PIPELINE: Over 12 (Sizes not available)

PROJECT CLASS: Residential and commercial

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Mumbai, Pune and Delhi

Mahindra realty & infrastructure
developers limited, a wholly-owned subsidiary of M&M, joined
hands with Gesco Corporation, originally the property division
of Great Eastern Shipping, to form Mahindra Gesco Developers.
Today its projects are spread across Mumbai, Delhi and Pune, and
in most cases bear "The Great Eastern" or the "Mahindra"
brand names. Mahindra Gesco has a good mix of residential and
commercial projects. Some of its better known projects are Mahindra
Heights and Mahindra Gardens and The Great Eastern Centre in Mumbai,
and The Great Eastern Plaza in Pune.

TURNOVER: Rs 200 crore

PROJECTS COMPLETED: 4 million square feet

PROJECTS IN THE PIPELINE: 4 million square feet

PROJECT CLASS: Commercial and residential

PROFILE OF BUYERS: Lower middle, middle and upper middle class

FOOTPRINT: Kolkata, Bardhaman

Arun Poddar pioneered the concept
of big ticket suburban projects in Kolkata. In order to entice
buyers, he devised a unique scheme: he offered to refund the entire
cost of the flat after 30 years and even bought and endorsed Indira
Vikas Patras in the names of flat buyers. "Most people cashed
out early," he laughs. His other innovations: windmills for
pumping water, clinics and Calcutta School of Music branches at
some of his properties. "It costs Rs 10 per person to provide
these facilities, but they make a middle class person's life that
much easier," he says.

Sushil Ansal

66/Chairman/Ansal Properties & Infrastructure

Rs 350 crore

PROJECTS COMPLETED: 15 million square feet

PROJECTS IN THE PIPELINE: 10 million square feet

PROJECT CLASS: Townships, apartments, penthouses, bungalows,
farm houses, hotels, multiplexes, shopping malls, educational
institutions and hospitals

PROFILE OF BUYERS: Middle to upper middle class

FOOTPRINT: Gurgaon, Greater Noida, Delhi, Ghaziabad, Kundli
and Sonepat

Sushil Ansal is the man behind
several high-rise office complexes, cinema halls, shopping malls,
colonies and apartments in Delhi. Ansal Plaza in south Delhi was
the first state-of-the-art mall in the country. Now, Ansal is
building 12 Ansal Plazas across north India. The Ansal Properties
Group is also getting into tier-II cities like Kundli, Sonepat,
Panipat, Ludhiana, Jallandar, Bhatinda, Mohali, Jaipur, Jodhpur,
Meerut and Lucknow in a big way. "Kundli will be the Gurgaon
of north Delhi," says Ansal. He is also working on a new
concept-service apartments in malls. "I expect these to be
very popular, since these apartments will be close to restaurants,
shopping malls and bars," says Ansal. He also wants to take
the company global by tying up with a developer overseas. The
Ansals have developed properties in the CIS, Iraq, Thailand, Vietnam,
Myanmar and Bangladesh.


52/Director/Prestige Group

TURNOVER: Rs 250 crore

PROJECTS COMPLETED: 6.35 million square feet

PROJECTS IN THE PIPELINE: 2.65 million square feet

PROJECT CLASS: Single family residences, apartments, villas,
row houses, software campuses and retail facilities

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Bangalore, Chennai and Hyderabad

From humble beginnings in the textile
business, the Razack brothers, Irfan and Rezwan, have built a
Rs 250-crore realty business. The Razacks have seen Bangalore
morph from just another town in south India to the bustling technopolis
it is today. Their creations include marquee names in Bangalore
such as the Forum Mall, Angasana Spa and UB City. The group is
also expanding rapidly in Chennai and Hyderabad. Irfan is now
expanding into construction-related areas such as property and
construction management, which aims to provide a slew of support
services for buyers, ranging from power supply, payment of bills
and maintenance of common infrastructure.

C. Subba Reddy

50/Managing Director/ Ceebros Property

Rs 125 crore

PROJECTS COMPLETED: 3 million square feet

PROJECTS IN THE PIPELINE: 6 million square feet

PROJECT CLASS: Residential apartments

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Chennai. Plans foray in other southern cities

C. Subba Reddy started with small
projects around Chennai and gradually built up his Rs 125-crore
business over the last 27 years. "I perceived the need for
high-quality compact apartments in Chennai and decided to focus
on that segment," he says. Rather than any single project,
Reddy claims close contacts with clients (including one family,
of which three generations bought flats from him) is the reason
behind his success. Reddy has now entered the hospitality industry
with a Rs 40-crore, 110-room 5-star hotel called Rain Tree. "We
are also getting into the promotion of townships, schools, hospitals,
auditoriums and IT parks," he says.

Kumar Jain

42/CMD/ Kumar Builders

TURNOVER: Rs 100 crore

PROJECTS COMPLETED: 10 million square feet

PROJECTS IN THE PIPELINE: 3 million square feet

PROJECT CLASS: Residential, commercial, office spaces,
IT parks and multiplexes

PROFILE OF BUYERS: Middle class to high-income groups

FOOTPRINT: Pune, Mumbai and Bangalore

He inherited his company from his
father, but Lalitkumar Jain was instrumental in making it one
of Pune's largest real estate promoters. Over the years, he has
sold properties to 13,000 customers in Pune and is now expanding
to Mumbai and Bangalore. His forthcoming projects range from residential
and office spaces to multiplexes, retail outlets and IT Parks.
Commenting on the fads that keep changing every few years, Jain
feels that what starts out as a fad very often ends up being a
necessity a few years down the line. His goal: to live up to his
company's tagline-We build trust.

Pawan Kumar Agrawall

47/Managing Director/Ambience Properties

Rs 100 crore

PROJECTS COMPLETED: 1 million square feet

PROJECTS IN THE PIPELINE: 3 million square feet

PROJECT CLASS: Independent houses, row houses and commercial

PROFILE OF BUYERS: High-income groups

FOOTPRINT: Hyderabad, Secunderabad, Pune-Mumbai expressway,
Kolkata, Bangalore, Tirupati and Visakhapatnam

Ask for swapnalok, a shopping-cum-commercial
complex, in Secunderabad and chances are that nine out of 10 people
will guide you to S.D. Road where it has been in existence since
1987. Taking off from this first project, Pawan Kumar Agrawall
has come a long way. Another project, Whisper Valley, near the
tony Jubilee Hills area of Hyderabad, is another landmark. In
the pipeline is a mega residential township project on the Pune-Mumbai
Express Highway comprising 1,750 independent villas and town houses,
1,800 apartment units, club houses, recreation facilities, a super
speciality hospital, an international school and a shopping mall.
He also has projects on hand in Kolkata, Visakhapatnam and Tirupati.


57/Chairman/ The Sobha Group

TURNOVER: Rs 1,000 crore

PROJECTS COMPLETED: 6 million square feet

PROJECTS IN THE PIPELINE: 8 million square feet

PROJECT CLASS: Townships, condomimiums, town houses, row
houses, bungalows, offices, IT parks, malls

PROFILE OF BUYERS: Middle class to very rich

FOOTPRINT: Bangalore. Planning to expand to eight cities
across the country by 2009

In 1976, a 28-year-old small-time
interior decorator from Kerala landed in Muscat with Rs 50 in
his pocket and dreams of making it big. "I remember driving
around in a non-air-conditioned pick-up truck (in 50 degrees Celsius
heat) because I couldn't afford a vehicle with an AC," says
Menon. But his luck turned and he soon became a big building contractor.
In 1993, he decided to foray into his motherland. "Bangalore
was then just taking off and we decided to operate from here,"
he says. Today Sobha builds annually six million square feet of
residential and commercial space every year. The boy from Kerala
has come a long way.

The best thing you can do is to identify and acknowledge the competition / Asia-Pacific / India - Profile: Sunil Bharti Mittal
“We were seeing people laugh at us, saying ‘how can you give away your lifeline to vendors?’,” he says. “We were very clear that the technology was not something we need to focus on. Technology is something we buy to sell to the customers. Ericsson, Nokia and IBM do technology for a living, so let’s give it to them because they know best. It has made the business model of Bharti very, very sustainable.”

Merger 2007

Recession and Wal mart

I like the way Allen thinks.

Allen Questrom Q & A How does that affect a retailer like Wal-Mart?

Questrom: Wal-Mart benefits dramatically in a couple ways. One, there is nobody who has lower cost-of-operation, so if, as a customer, I’m pressed in terms of my own spending ability, I’m going to Wal-Mart. In addition to that, Wal-Mart has a very big presence in the food industry, and that part of the economy has gone up. Food prices have gone up I would say probably in the range of 4 to 6 percent, and Wal-Mart is enjoying big increases. When you’re looking at retailing and other retailers, most people think of Wal-Mart in terms of Target and Sears, but they usually don’t put Wal-Mart in the supermarket category. Wal-Mart has the biggest piece of the supermarket business, and all supermarkets have done quite well and are still doing quite well.

Murdoch and Zell

Murdoch vs Zell. I love both of these guys.

Rupert Murdoch vs. Sam Zell - Executive Articles -
Murdoch willingly takes risks in buying assets; Zell only buys assets when he can avoid risks.

Thursday, February 21, 2008

45% growth ..

Indian Realty Sector Expected to Grow 45% in 2008 - Seeking Alpha
Indian Realty Sector Expected to Grow 45% in 2008

I don't believe in what they say. Least hope the investments dont loss in value. Its extremely difficult to find an investment vehicle in US among the credit turmoil and changing sentiments. As long as your investments yield to benchmark for the next year or two you should be fine. Again those who seeks risk reap the rewards. I am in for Indias real estate considering nothing to loss as per 150% return for the last 2 - 3 years.

disclouse: Long Indian realty

New mantra for wall street Stagflation

Fears of Stagflation Return As Price Increases Gain Pace -
The U.S. faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen since the 1970s.

Inflation is rising. Yesterday the Labor Department said consumer prices in the U.S. jumped 0.4% in January and are up 4.3% over the past 12 months, near a 16-year high. Even stripping out sharply rising food and energy costs, prices rose 0.3% in January, driven by education, medical care, clothing and hotels. They are up by 2.5% from the previous year, a 10-month high.

Friday, February 15, 2008

Farallon, LNM to pick stake in Indiabulls co; invest Rs 1,580 cr

Farallon, LNM to pick stake in Indiabulls co; invest Rs 1,580 cr
The investment will be by way of subscription to equity shares at Rs 66.67 per share in Sophia Power Company, an unlisted subsidiary of Indiabulls Real Estate engaged in the power sector, for an aggregate of 37.5 per cent of its post issue capital. FIM will invest Rs 987.50 crore for 23.4 per cent post issue stake and LNM India Internet Ventures invest Rs 592.50 crore for 14.1 per cent stake in Sophia Power.

Delay data and markets

Paul is a sucker of delay data. I have no clue what is the relationship between markets, technology, finance and delay data. I know he is too sharp to waste time on this as a hobby.

My research for co-relation ended up with no great findings. Let us hear from him.

Paul Kedrosky: Bad Day to Be Driving
Bad Day to Be Driving

Completely unrelated to the usual fare here, but I'm sure as hell glad I'm not on the SoCal freeways today. This is a screenshot of the live traffic map around San Diego County this afternoon during the commute with rain falling, and snow in the mountains. Recall black means essentially stopped, red is glacial, and so on. And those cheerful exclamation markets? Accidents.

Add this one to already non existing market

Today's Markets -
The Dow Jones Industrial Average recently traded down 44.38 points, or 0.4%, at 12332.60. The Standard & Poor's 500 was off 0.4%, or 4.93 points, at 1343.93, led by industrial components, off nearly 1%. The tech-focused Nasdaq Composite Index was off 0.6%, or 12.99 points, at 2319.55.

Monday, February 11, 2008

MSFT yahoo acquistion is beyond search and google

Excellent article from Harvard Business detailing MSFT strategies and long term vision.

What Any Leader Can Learn from Microsoft’s Yahoo Bid - Harvard Business Online's Conversation Starter
This investment is not just about search and Google.

The best thing you can do is to identify and acknowledge the competition

Wenda Harris Millard: Yahoo's top saleswoman on what went wrong
Yahoo lost sight of who they are and who their customers are. Yahoo's perception is that their only competitor is Google. But 95 percent of their revenue comes from advertising -- so their competitors are really the broadcast TV networks. They think they're in the search game, when they should really be in the brand advertising game.... Advertising is a business that is both art and science. The merger focuses unduly on science. With Google-Doubleclick, and Yahoo-Microsoft, it is as if the scientific community is taking over advertising. And advertising is not about science.

Thursday, February 07, 2008

Risky markets

Liz Demers IPOs: Evaluating failure risk
“Firms are going public now that are riskier than they used to be in the past. They are exhibiting lower levels of profitability and often negative profitability when they go public and that was much less common in past decades. Much of their value resides in future growth prospects rather than past realisations of success, so the characteristics of the firms that are going to public markets and the willingness of shareholders in the public markets to fund those types of firms have really changed over the decades,” Demers says.

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Wednesday, February 06, 2008

Timing is everything

Trader Daily § Trader Monthly Exclusive: Trades Of The Year
Trader Monthly Exclusive: Trades Of The Year

Tuesday, February 05, 2008

May be this is the reason and new information

Profiles: The Birthday Party: Reporting & Essays: The New Yorker
(Schwarzman himself doesn’t drink.)

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Monday, February 04, 2008

India real estate

2008 india real estatate

Friday, February 01, 2008

Oil companies are having a ride

Exxon, Chevron earnings soar on record oil prices | Reuters
Exxon's net income in the quarter rose nearly 14 percent to $11.66 billion, or $2.13 a share, from $10.25 billion, or $1.76 a share, in 2006. Analysts, on average, were expecting earnings of $1.98 per share.

Microsoft buying yahoo

Microsoft Makes Bid for Yahoo -
Microsoft Makes Bid for Yahoo
February 1, 2008 7:32 a.m.

Microsoft Corp. Friday offered to buy Yahoo Inc. for $44.6 billion, a move designed to help both companies compete against industry leader Google Inc.

The approach, in a letter to Yahoo's board, comes as Yahoo continues to struggle against Google in the race for online-advertising revenue and Internet-search market share.