2nd weekly news


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2nd weekly news

  1. 1. After bidding Tata good bye, Ratan wants to just break free <br /><ul><li>Ratan Tata, spent the better part of his life in the last two decades unifying a disparate Tata group and giving it a vision and long-term focus is looking forward to the freedom that retirement brings.
  2. 2. Tata Sons, the holding company of the $71-billion salt-to-software Tata group, announced a five-member panel in early August to choose a successor to Mr Tata. This is the first such effort by an Indian business group to professionalise the search for a new leader. </li></li></ul><li> Contd…………<br /><ul><li>He expressed personal satisfaction with two recent important developments—
  3. 3. the reopening of the terror-scarred TajMahal Palace Hotel in Mumbai
  4. 4. the strong showing of the Tata Motors-JLR combine, with the British company contributing over half the consolidated revenues for the parent company.</li></li></ul><li> Contd…………<br /><ul><li>“I have chosen to stay off that committee so that they have the freedom to examine and not have anyone feel that I am driving that succession plan... I am available to the committee whenever they wish,” said Mr Tata.</li></li></ul><li>RishadPremji is Wipro's new strategy boss<br /><ul><li>RishadPremji, one of the heirs to AzimPremji’s nearly $17-b empire, will get a chance to prove his management mettle at the top echelons of Wipro.
  5. 5. He was appointed chief strategy officer of India’s third-biggest software services exporter.
  6. 6. The 33-year-old Rishad, widely perceived as MrPremji’s successor at Wipro, will chart future strategy, identify new business areas and help draw up a vision plan. </li></li></ul><li>Contd………….<br /><ul><li>“The changes will be effective January 2011. However, Rishad will move into the strategy function from September 1, 2010,” MrVaswani and MrParanjpe, along with CFO Suresh Senapaty, said in an email to employees.
  7. 7. The move is an important one for both Wipro and Rishad. It is an appropriate training ground for a bigger role for Rishad.</li></li></ul><li>Mahindras plan big-bang IT consolidation<br /><ul><li>The tractor-to-aerospace Mahindra Group, with nearly 100 companies in its fold, is consolidating its entire IT infrastructure and applications.
  8. 8. The entire exercise could cost over `100 crore and take more than 500 people — the size of a small IT firm — to run. The consolidation will help the newly-formed group executive board (GEB) in faster decision making.
  9. 9. This exercise will bring in synergy across various businesses. The GEB will be able to look at the talent pool across the group and relate to it much better. Earlier, someone who is good may have been recognised and promoted within his division. Now, there will be visibility at group level.</li></li></ul><li>Contd………….<br /><ul><li>To implement this ambitious project, the group has leveraged the skills of Tech Mahindra and Mahindra Satyam, the two IT firms in its fold, as well as Bristlecone, a smaller group firm in the enterprise software business.
  10. 10. The group’s IT infrastructure, which is currently scattered across different cities and countries, is being consolidated in three large data centres — a primary data centre housing all software and applications, a nearshore disaster recovery centre and another recovery centre located in Chennai. </li></li></ul><li>Facebook gives remote logout to users<br /><ul><li>Facebook is rolling out a new security feature that lets users log out of their accounts remotely from another computer.
  11. 11. To do this, go to "account settings" on your Facebook page and click on "change" next to "account security." There, you'll see where else your Facebook account is logged in, including the type of device and the city it's in or near. To log out of any of them, click "end activity."
  12. 12. Facebook is making this available over the next couple of weeks. It will be accessible on computers, but not mobile devices. </li></li></ul><li>RIL acquires 14.12 per cent in East India Hotels<br /><ul><li>India's largest private sector company Reliance Industries has acquired 14.12 per cent stake in hospitality major East India.Hotels (EIH), which runs the Oberoi group of hotels.
  13. 13. Reliance Industries has acquired from Oberoi Hotels Private Limited and certain other promoters shares </li></ul>in EIH Limited representing 14.12 per cent of EIH at a total cost of Rs.1,021 crore approximately<br />
  14. 14. Contd…………<br /><ul><li>The company made the acquisition through its wholly owned subsidiary, Reliance Industries Investment and Holding Private Limited.
  15. 15. The deal came a week after the founders of EIH said they were  planning to raise their stake in the company. </li>