Zell, however, also pointed out that the last sentence of the article reads: "He who dances closest to the graves, always has to be careful he doesn't fall in."
Tata
Motors has finally lapped up Jaguar and Land Rover from Ford Motor Co.,
the world’s third- largest automaker, for $2.3 billion, which is less
than half what Ford paid for the two brands. Ford will contribute about
$600 million at closing to the Jaguar Land Rover pension funds.
Ford is exiting these brands, as the luxury vehicle market slumps and
it suffered a $15.3 billion loss in 2006 and 2007. Ford acquired Jaguar
in 1989 for $2.5 billion and Land Rover in 2000 for $2.73 billion as
part of a European-luxury strategy it began by buying Aston Martin in
1987. It sold Aston last year. The Jaguar-Land Rover sale should be
completed at the end of the second quarter, pending regulatory
approvals, Ford and Tata said.
How to Make Millions From Online Video Craze.
Indian Realty Sector Expected to Grow 45% in 2008
key points to note from the report are:
- Growth in the Indian realty sector is here to stay for next few years.
- Most of the growth will still happen in big cities. The tier 2
cities are getting increasingly prominent in the press but it will still be
awhile before they compete with tier 1 cities for the FDI investments.- FDI in the Indian real estate sector will continue to grow because
it provides an attractive investment opportunity for foreign investors
who have hardly anything cheerful/comparable in the real estate sector
in western markets.
Elements of
Sustainable CompaniesClarity of Purpose
Summarize the company's business on the back of a business card.
Large Markets
Address
existing markets poised for rapid growth or change. A market on the
path to a $1B potential allows for error and time for real margins to
develop.
Rich Customers
Target customers who will move fast and pay a premium for a unique offering.
Focus
Customers will only buy a simple product with a singular value proposition.
Pain Killers
Pick the one thing that is of burning importance to the customer then delight them with a compelling solution.
Think Differently
Constantly challenge conventional wisdom. Take the contrarian route. Create novel solutions. Outwit the competition.
Team DNA
A
company’s DNA is set in the first 90 days. All team members are the
smartest or most clever in their domain. "A" level founders attract an
"A" level team.
Agility
Stealth and speed will usually help beat-out large companies.
Frugality
Focus spending on what's critical. Spend only on the priorities and maximize profitability.
Inferno
Start
with only a little money. It forces discipline and focus. A huge market
with customers yearning for a product developed by great engineers
requires very little firepower.
Fed Cuts by Three-Quarter Point,
Suggests More Reductions Likely
Kochi - the new Hot Real Estate Destination
Kochi, the shore town of Kerala is now a hot destination for real estate giants. What is unique in Kochi is, the city has attracted almost every domestic property developer worth its salt, and a slew of foreign companies, mostly from the Middle East. Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi, the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over $2.5 billion. Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Property prices in the city have appreciated by around 60% in 2007. During the past six months, half-a-dozen developers have announced their plans to enter Kochi; many have already acquired huge parcels of land. Property development and real estate activities have overshadowed the state's booming tourism sector. This boom witnessed the emergence of many developers and projects
Recently, HDIL purchased a 70-acre plot from the government-owned HMT and announced its plans to set up an IT park at Kalamassery, near Kochi. HDIL is also setting up a Cybercity in the HMT land, which will have IT space, hospitality, retail and entertainment projects. The total investment in the project is estimated to be around Rs 2,000 crore.
According to Kerala Builders Forum Chairman George E George: "Till a decade ago, real estate activity of each city was driven by local builders." The bigger players acquired the financial muscle to launch multi-city operations after they raised resources through public issue route. "Even then, many of them missed the bus in Bangalore and Chennai as the rates peaked before their entry," he said. "I think they have spotted the opportunity in Kochi and are moving in early," he added.
Sobha Developers is setting up the largest township in Maradu, Kochi, called the Sobha Hitech City. Maradu is a high-potential suburb of Kochi with commercial projects, 5-star hotels, shopping malls and IT projects. The total investment in the project is estimated at around Rs 5,000 crore. Nitesh Shetty,CMD of Bangalore-based real estate firm Nitesh Estates, said the Kochi skyline has changed dramatically over the last few years and today it is one of the fastest growing cities in the country. "The city offers grand investment opportunities for real estate mainly due to reasons such as large NRI population who want to buy homes in Kochi and increasing IT jobs in the city," he said. His company recently acquired around 5 acres of land in Kakkanad near Kochi.
Similarly, in 2006, India's real estate giant DLF purchased 3.78 acres in Kochi from the state government for Rs 78 crore. The DLF Group is planning to build a shopping mall, a multiplex and a 250-room deluxe hotel in Kochi. "Cochin is poised for a quantum leap. The commissioning of Vallarpadom international container terminal and numerous IT parks will make Kochi the preferred destination for highly-paid executives," a senior HDIL official said.
Though builders have been focusing on Kochi, the supply is still grossly inadequate when compared to the potential demand, according to builders. For example, in Kakkanad, the city's IT destination, the Infopark alone will create close to 30,000 to 40,000 jobs in the next 3 years. But the supply by all builders put together would be just 10,000 to 12,000 apartments by 2010. Apart from this, the Smart City Project is expected to provide nearly 90,000 IT jobs in the next one decade. Several private developers are also developing IT parks in Kakkanad and nearby areas.
The Successful Business Owner...
...is a great conversationalist.
12. Make the job fun for employees. Keep a pulse on the stress levels and accomplishments of your people and reward them. My first company, MicroSolutions, when we had a record sales month, or someone did something special, I would walk around handing out 100 dollar bills to salespeople. At Broadcast.com and MicroSolutions, we had a company shot. Kamikaze. We would take people to a bar every now and then and buy one or 10 for everyone. At MicroSolutions, more often than not we had vendors cover the tab. Vendors always love a good party :0
Tech Billionaires: Richer Than You, Richer Than Last Year
Person
Company
2008 Rank Net Worth (Billions)vNet Worth Change
Bill Gates Microsoft (MSFT) 3 $56 + 3.6%
Larry Ellison Oracle (ORCL) 14 $25 + 16.3%
Sergey Brin Google (GOOG) 32 $18.7 + 12.7%
Larry Page Google 33 $18.6 + 12.0%
Michael Dell Dell (DELL) 40 $16.4 + 3.8%
Steve Ballmer Microsoft 43 $15 0%
Jeff Bezos Amazon (AMZN) 110 $8.2 + 86.4%
Eric Schmidt Google 142 $6.6 + 6.5%
Steve Jobs Apple (AAPL) 189 $5.4 - 5.3%
David Filo Yahoo! (YHOO) 462 $2.5 0%
Jerry Yang Yahoo! 524 $2.3 + 4.5%
Mark Zuckerberg Facebook 785 $1.5 n/a
Mark Benioff
"A lot of the fortunes in China and Asia in general are in real estate and infrastructure development as the booming economies basically build up to handle all of the growth," she said.
World's richest getting younger
The
world's top billionaires are getting younger and hail increasingly from
emerging markets in India, says Forbes' annual rich list, revealed
yesterday.
America’s 50 Richest Paydays:
Who, What, and How Much
You won’t find Oprah Winfrey on the list. Nor will you find the legion of hedge-fund managers who routinely collect hundreds of millions in any given year. That’s because they’re all just getting paid to do their day jobs. This is a list of people who enjoyed windfalls thanks to large transactions: stock cash-outs, I.P.O.’s, sales of companies, real-estate deals—even inheritances. Here are the 50 players (and one lucky canine) whose bottom lines got the biggest boost last year.
As they progressed, they specialised more and more in dream homes for the ultra-rich. Apparently, they took their cue from Sir Henry Royce, who said: "Strive for perfection in everything you do. Take the best that exists and make it better. When it does not exist, design it."
A property fairytale: from £6,000 to £9bn
Thirtysomething Brothers Nick and Christian Candy turned a £6,000 loan into a £9bn property empire. In a rare interview they explain their success, spotting the niches of making super-luxury for the super-rich, and how they're riding out the global credit crisis...
Our Run In With Auction Rates And What It Taught Me About Markets.
Image of Goober_Pea by Goober_Pea at 09:45 AM
Hilton, tired of praying and having to go to God, buys Jesus.
The ceiling of 15 acres, as per the Act, proves a hindrance to genuine projects initiated by individuals and groups. It is ironical that occupants of houses situated in large compounds need to pay less tax than flats which utilise common facilities, he points out. Mr. Kurien observes that Singapore, with about 100 sq km area lesser than that under the Greater Cochin Development Authority, is able to generate about 1,000 times the revenue generated by the latter, thanks to the optimum utilisation of land and adoption of appropriate income-generating schemes.
Moreover, since the
Reserve Bank of India has given general permission in this regard,
there is no requirement of notifying any authority or filing any
paperwork for your real estate transactions.
Just
the one restriction applies - a Person of Indian Origin, ie an NRI who
is a foreign citizen, cannot sell his house to another NRI or a PIO -
he has to necessarily sell the property back to a Resident.
When
property is sold, depending upon the holding period, you will either
earn short-term or long-term capital gains. If you sell the property
after three years of purchase, the gain will be long-term else it will
be short-term.
In either case, once the
tax is paid, the money is freely repatriable. A certificate from a
chartered accountant needs to be submitted to the bank - there is a
specific format for such certificate - which the bank can provide.
Once the chartered accountant certifies that the tax has been provided for, the net sale proceeds can be repatriated.
Here
it must be noted that repatriation is restricted to a maximum of two
properties in a lifetime. This is a major issue that has to be
considered carefully before you buy property in India.
If
you intend to purchase more than two properties, then to maintain
repatriation rights, the third property onwards must be bought in the
names of your other family members. This way husband and wife can buy
four properties; husband, wife and two kids can potentially buy eight
properties and still maintain 100 percent repatriation rights.
Dec. 18--MUMBAI, India -- Owned by one of India's richest construction tycoons, Pallonji Mistry, the Shapoorji Pallonji group is close to cementing a deal in its real estate business. A clutch of international investors including the Government of Singapore Investment Corporation and Citigroup are investing $320 million for a 15 percent stake in the group's realty business.
BUDGET HIGHLIGHTS
Five year holiday from income tax being granted to two, three or four star hotels
established in specified district having UNESCO declared "World Heritage Sites"
Five year tax holiday to hospitals located in any place outside the urban
agglomerations especially in tire II and tire III cities section 80-IB sub section (11C).
IMPACT ON THE SECTOR
Five year tax holidays will encourage construction of hotels.
No major offering to the sector, the budget stands neutral to the sector.
Announcement Budget 2008- 09
Increase in Basic Exemption Limit and Income Tax Slab Rates
Impact
These would further boost the disposable income of consumers, which would create more demand
or housing and lend a major boost to the Real Estate Sector.
Announcement budget 2008-09
Five-year holiday from income tax being granted to two, three or four star hotels
Impact
This would help real estate players like Sobha Developers who are planning to enter the Hotel Business provided they meet certain criteria.
for comments pelase mail to vjveeraji@gmail.com
--
Real Estate
Kochi is the new realty hotspot
The queen of the Arabian Sea is now a hot destination for real estate giants. What is unique to Kochi is that the city has attracted almost every domestic property developer worth its salt, and a slew of foreign companies, mostly from the Middle East. Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure, Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi,the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over US$2.5 billion. Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains. Property prices in the city have
appreciated by around 60% in 2007. Though builders have been focusing on Kochi, the supply is still grossly inadequate compared to the potential demand, according to builders.
source: Cygnus research for Kerala
