corporate mumbai wednesday 30 december...
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CORPORATE THE ECONOMIC TIMES MUMBAI WEDNESDAY 30 DECEMBER 2009 6
Jindal Power plans Rs 7,200-cr IPONEW DELHI: Jindal Power (JPL), thesubsidiary of Naveen Jindal-led JindalSteel & Power, plans to raise Rs 7,200crore through the public issue of shares.This will be one of the biggest initialpublic offer (IPOs) ever after ReliancePower, ONGC and DLF, which raisedover Rs 9,000 crore, each. JPL, onTuesday, filed a draft red herringprospectus with market regulator Sebifor the proposed IPO. The funds will beused to part-finance the constructionand development of various thermalpower projects.
Sahara India chairmanmeets Japanese PM
NEW DELHI: Sahara India chairmanSubroto Roy convened a closed roommeeting with the Japanese PrimeMinister Yukio Hatoyama in the capitalon Tuesday. A detailed discussion onMr Hatoyama’s initiatives onenvironment and converting AambyValley City into an environment andenergy efficient model of the world,with Japan’s collaboration, wasdiscussed during the meeting.
HCL Info bags Rs 110-crGujarat govt order
NEW DELHI: HCL Infosystems on Tuesdaybagged Rs 110 crore contract from theGujarat government to install computeraided learning systems in 7,000 schoolsfalling under tribal and educationdepartment in the state. The companyhas been assigned the task to implementbiometric-based attendance system,offer facility management, run teachertraining programs and deploy educationsoftware in the selected schools.
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PALGHAR Indl. Plots,Sheds Galas 1 hour from Borivali. Excise, SubsidyPower, Octroi Benefits. Tel: 40833555,9820276014
FRANCHISE for import export consultancy across In-dia.Em: [email protected], Write Box No. HYD854579K Times House, Banj-ara Hills, Hyderabad- 500034
THERMAL Coal and Highgrade Manganese ores bothsupply and mine conces-sions in Indonesia. Contact:[email protected]
SANTACRUZ (E) Sale/Lease 10,000 App. Gr.+1st Fl,80' Frontage, Ideal for Bank,Hotel,Super store,ShowroomAlso 11000/40,000 Off.KhannaEstate 9820244589 - 9892302544
PRIME SHOWROOM
AVAILABLE ON RENT
IN "ATRIA MALL"
(WORLI) AREA
432 SQ.FT. CONTACT:
9892753666/ 26404067.
AVAILABLE for Sale/Lease 2500 sq.ft. built upfurnished office premises in Kamala Mills, Lower Parel.Cont: 9004657400/9594063399.
GHATKOPAR (W) M.G.Rd,5 minute from Station,Office240' 1st Floor. Ideal for CA, Doctors, Lic Agent, GlassElevated, for Sale. 9820511515
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REQUIRED Jobbers 4 to 5yrs exp NSE/BSE/F&O on sharing basis at Malad. Contact Mr. Raju Shah9967781118
"REQD. for Exporthouse at Andheri(w)Account Asst. & Export
Asst. Pref. From WesternSubs. Tel: 26395286/26320919.
�
FOR reputed designArchitect's office at Andheri(w). Reqd. 1.) Jn. Architectgood at W.D. & designing 2.)Draftsman with 2yrs exp. 3.)Int.Desinger with 2yrs exp.Contact : Sangeeta 26733902/5. [email protected]
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MUMBAI - ISO 9001: 2000 CERTIFIED
Nandini Sen Gupta &Sumit Chaturvedi
NEW DELHI
HONDA Motor ofJapan plans to buytwo-wheeler parts
from India for its global opera-tions to capitalise on its pricingand quality advantages inkeeping with the trend set byits peers, says a person familiarwith the development.
“India’s scale, pricing andquality advantages convincedHonda that it made huge busi-ness sense,” said the person,who did not wish to be named.
Global auto companiessuch as Hyundai, Suzuki, GMand Toyota buy componentsworth millions of dollars fromIndian companies at lowerprices than global ones to re-main profitable. Some globalauto manufacturers facebankruptcy and many areshutting plants across theglobe to remain competitive.
Honda is looking at globalsourcing from India to lever-age the scale that its Indiansubsidiaries Hero Honda andHonda Motorcycle and Scoot-ers India (HMSI) have builtup, according to a person with
direct knowledge of the devel-opment. Between the twosubsidiaries, Honda sells morethan five million two-wheel-ers in India, over 40% of theIndian two-wheeler market.
Honda has been using Thai-land as a base for low-cost ag-gregates for two-wheelers aswell as cars, as, along with Toy-ota, it is one of the two bigplayers in the Asean region
and has a huge capital invest-ment in that country.
However, the pull of the In-dian market is far too strong toresist. After China, India hasthe world’s second largest two-wheeler market. It is also thesecond-fastest in terms of auto-motive growth.
Hero Honda’s top gearperformance — the compa-ny is all set to cross 4 millionunits in sales this financialyear — seems to have “con-vinced Honda that sourcingfrom India is the way ahead,”said the person familiar withthe matter.
Indian component cos maypower Honda bikes globally
Ravi Teja SharmaNEW DELHI
THE year 2009 has been bad for thereal estate sector, particularly forthe retail sector. While residentialreal estate picked up in the last twoquarters, retail has been seeingvery low demand. According to areport by Cushman & Wakefield, ofthe 44 malls proposed at the begin-ning of the first quarter of 2009,just about 18 were delivered by theyear end. A number of developerspostponed mall projects in 2009but with a revival of demand in theend of the year, 2010 is expected tosee a number of mall projects get-ting back on track.
“The outlook for the retail sectorin 2010 is looking brighter. The fes-tive season has been good and hasseen a lot more footfalls. As themarket picks up, there will be a re-vival of demand for re-tail spaces again,” saysRajeev Talwar, execu-tive director at DLF.Year 2009 saw freshsupply of 5.7 million sqft of mall space. Ap-proximately 9 millionsq ft of mall space wasdeferred to the future,which is a reduction of60%. Almost 80% ofnew mall space in Bangalore waspostponed which meant the citysaw a vacancy of only 3%.
“I see retailers being cautiouslyoptimistic in 2010. They will ex-pand but with caution unlike earli-er,” says Jaideep Wahi, director, re-tail agency, Cushman & Wakefield.Most large developers had post-poned their projects as it was hardfor them to lease retail space, hesays. In the early part of 2009, de-velopers also faced a credit crunchwhich slowed down mall plans.
This slowdown in mall construc-tion need not be viewed as a nega-tive. The slowdown has helped inmaintaining a good supply de-mand equation, especially for mar-kets which were staring at an over-
supply situation.Delhi-based developer Omaxe
launched its mall in Patiala a monthback and the response has beengood, says Rohtas Goel, CMD,Omaxe. The company though haddecided to postpone its 1.5 millionsq ft mall Connaught Place inGreater Noida because of lack of de-mand in 2009. “The retail segmentis seeing renewed demand over thelast 4-5 months. We are seeing newleasing activity start at our mall inGreater Noida where constructionwill start in early 2010,” says Goel.
Across the major cities, rentalshardly saw any upward movementsince the markets crashed late2008. Mall as well as main streetrentals (except a few locations)continued to remain below the av-erage rental rates of the fourthquarter of 2008, says the report.
Some micro markets in theNCR, Bangalore andMumbai saw a 53%-40% decline in rentalsin the fourth quarter of2009 over the same pe-riod last year. Banga-lore’s prominent highstreets (Brigade Roadand CommercialStreet) were the onlymicro markets to postan approximate 10%
rise in rentals over last year, indi-cating the existing demand forpremium retail precincts overemerging locations in the city.
Of the 5.7 million sq ft of freshmall supply in 2009, the largestshare of the supply — 1.8 millionsq ft came up in Mumbai, followedby Hyderabad (1.1 million sq ft)and the NCR (0.9 million sq ft).Kolkata saw fresh supply of 0.7million sq ft. Retailers are now verycautious about signing up newspace. “It has been a learning forboth developers and retailers. Theretailer is now asking a lot morequestions and is very cautious,” saysV Muhammad Ali, head, mall oper-ations, Forum, Prestige Group’small division.
Mahima PuriNEW DELHI
MAX New York Life Insurance, a jointventure between Analjit Singh-promot-ed Max India and US-based New YorkLife International, is outsourcing cus-tomer service work to BPO firm Gen-pact, as part of an internal restructuringexercise. The move is aimed at consoli-dating operations and synergising effi-ciencies within the organisation, a topcompany executive told ET.
It will be a three year contract and theprivate life insurer is looking to transfer100 people to Genpact for the purpose.“We are relooking at our overall businessstrategy and evaluating the way for-
ward,” Rajesh Sud, CEO & MD of MaxNew York Life said. Customer servicerefers to the provision of service to cus-tomers before and after purchase. In thiscase, Genpact will send reminders to cus-tomers for payment of renewal premiumand take calls from them on complaints.
Max New York Life did not disclosethe value of the contract. The life insureris already witnessing a few exits at seniormanagement level. At least three top-level executives have left the organisa-tion in the past couple of months. Whilechief marketing office Debashis Sarkarhas left the organisation and moved toCanada, Ajay Seth, the firm’s senior di-rector-legal & compliance, has quit topursue other career opportunities.
Vishal Chopra, head of new business(operations), is learnt to have joined ri-val firm DLF Pramerica. Sanjeev Mago,executive VP, customer operations &service delivery, too is scouting for otheropportunities, said another person fa-miliar with the development.
With the slowdown in growth in thelife insurance sector, the focus of MaxNew York Life has changed with respectto its expansion plans. Earlier, the pri-vate insurer was looking at expandingits operations and adding more numberof branches in the country, while nowthey are looking at consolidation.“There are changes in operation whichwill enable us to strengthen our businessmodel,” said Mr Sud.
Max New York,Genpact ink outsourcing pact
Move to help Honda
Motor capitalise on
pricing and quality
advantages in keeping
with the trend set by
its peers
TOP GEAR
ON CALL
CELEBRATION TIME
HIGHS ‘N’
LOWSThough residentialreal estate pickedup in the last twoquarters of 2009,retail has beenseeing low demand
New Year may ringin big business
for retail realty cos
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FOR SALE
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Experienced Staff Male I FemaleFor Pvt. Ltd. Company at Sakinaka
Accounts ManagerKnowledge of of ST ST / / IT / / TDS //E-Filing handling Independently.
Accounts OfficerGood in Tally-9, Banking etc.
�.ceoonts /General AssisIar�Good computer knowledge Tally,Excel, Word etc.
Mechanical EngineerProduction, Quality Control.ISO documentation.
Despatch ExecutiveGood in Excise & ExportDocumentation.
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VVI MEDISPEC INDIA LTD
(MTh) ISO Certified Bio-technology Co., having
rollaborations with overseasmanufacturers of pproductssuch as: Microplate / / ELISAttnstrumentation, Gel Doc ,Freezers , Rio Safety cabinets ,Incubators , Diagnostic sys-tems & Reagents etc., need(1) Sales/Service/Product Executives Science/Electronic!Biomedical Graduates/PostGraduates Fresh! Experienced(2) Sales/Service Co-ordinators Smart female with e,cceUentcompute r r /communicationskills and ability to handleday-to-day activities. Attractlye package with incentivesApply/Cont L-223-224,LtekwayEst. New Link Rd , Malad (W),Munibai —64 Tel: 28734567 Fax:�8759944 E:jobs @mil .net.inWeb: www.mil .net .in
WW� ntod
5uburban�:�J� gflO5 ti C�
Requires lof fis flew centrein BHAYANDER �W)
‘RADIOLOGIST (MD //DMRD / DMRE) : For CT,S o n o g r a p l i y a n dMammography .
• PHYSICIAN (MD / / DNB //FCPS): For TMT, ECG &Health checkup .
• MANAGER (Admi n): MHA
/ / MBA , 2 - 3 yrs. exp. in
hea�hcare industry.• RECEPTIONIST (M//F):
Fluent in English, goodinterpersonal skills andcomputer savvy.
• X-RAY I CT TECHNICIAN(MIF): With Dip. inRadiography and 2-3 yrs.experience .
• ECG TECHNICIAN: fluenti n E n g l i s h , g o o dinterpersonal skills andcomputer savvy.
• LAB TECHNICIAN: DMLT,boys with two wheelerlicence preferred.
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litcMew ai
Suburban Diagnostics ,2nd Floor, SunshineSunshine,Opp. Shastri Nagar,
Andheri (W) .Tel: 9920915547, 42109502
E-mail:[email protected]
Work from home,Look ing for good
communication skills
for telemarketing.
www.achakri.com -
email resume
adjacent to Kakinada Port
Area and 7 acres of primeland at K�shnapatnam Portarea are available on long-lease basis. Suitable for
construction of Wa�house/
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DILKAP - COL L E G ES-INSTIT UTES, Neral. Re-quires Director for MMS & Pro-posed Engineering College, Jr.Mechanical Faculty-4 , Work-shop Instructors 4, Prof. Mech.Engg.-2, Professors & Lecturersfor Cost Accounting, FinancialMgmt with th Maths Finalisation,& Operational Research. CivilEngineer-2 (For ConstructionDiv .) Experience above 2-3years Walk-in- interview on31st Dec bet 10.30 am to 1.30 pinat at 39 AA, 3rd floor , Maker Tower“F” , CutTe Par ade , Mumbai-5 .Tel: 40020700! 800/ 900 or r EmailCV to: [email protected]
LAND FOR LEASEAT KAK IIU ADA AND
KR IS H NA PAT rr�IA MPORTS
• Duplex Flats• B.G. Ktier Marg, Worli
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Fax: 022-22870775
At No. 5,M. G ROAD,CAMP, PUNEAREA 2000
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LAVI KA
HEIGHTS
EXHIBITION HALLAVAILABLE
II
9890448489
020-26138778
Readers are recommended to make appropriate����� enquires and seek appropriate advice before
T���� ES sending money, incurring any expenses , acting onmedical recommendations or entering into anycommitment in relation to any advertisementpublished in this publication . The Times Of IndiaGroup doesn ’t vouch for any claims made by theAdvertisers of products and services. The Printer ,Publisher , Editor , and Owners of The Times Of IndiaGroup publications shall not be held liable for anyconsequences , in the event such claims are nothonoured by theAdvertisers .
One acre of prime land
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suitable for Hotel, Mall,
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PRIME LAND
AT AT VIZAG
FOR LONG
LEASE
svsnsarma @gmail.com
At Andheri (B),
Furnlshd Office for Sale
Solitaire Corporate Park
2600/3700/5000/12200 sft.
Sumeet Estate - 2283-8895 / / 6Dilip — — 98200 -61612
AtPune. Viman Nagar.Near Airport , On Sale0111cc + Coffee Lounge
AArea 6.300 + 2.300 SQ. ft.t.
“SKY STATION”,
Owner: ‘Rat’ 9769072426.
WANTED OFFICES -
“NARIMAN POINT”Area 600 to 26000 sqft. Best
Price Offered. OutrightBasis. Contact (1-5) 22833828
—22046363 Fax :22870945
RAJESH THAKKAR
AVAILABLE
‘Bandra Kurla Comple�Posh Office - Showrooms,
Area 1626- -2300’ 0100’- 9000’-18000’ upto 1 lac sqft.
OWNERSHIP / / IA L.Ready / / Under Construction
Only Reputed PartiesContact (1-5) 22833828
—22046363 Fax :22870945
RAJESH THAKKAR
REQUIRED
DEALERS
To MarketHYDRAULIC OIL
CLEANING
MACHINE.
Contact:
WANTED
FOR TAKEOVER
Infrastructure //Development !Construction Co.
�Min. 3 year old Co.*Turnover lOCr p.a* Executed atleast
single Civil Project ofnot less than 1.5Cr.
* BMC’s AA’/PWD ‘A’grade prefferred
Contact with details at:orientsk yyline@
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