Tuesday, January 30, 2007
I have never written a journalistic post in this blog before. But I couldn't resist myself from writing about today's historical event. After lots of speculations and anxious waiting moments, Ratan Tata emerged as the winner in the auction for Corus Steel, a company three times as big as Tata Steel. Tata Steel is now 5th largest Steel company in the world!
Here is the story !
I can imagine the whole auction to be as interesting as a thrilling movie scene with an emphatic win for the hero in the end! Ratan Tata has proved himself a true Indian hero.
The nitty-gritty of the deal is pretty complex and very interesting too. Tatas started their bid with around 400 something pence per share and they seemed winners initially. Then the Brazilian steel company CSN jumped into the game and offered 475 pence per share to Corus. After a few increases in bids from both the companies, the issue ultimately reached Auction house in which Tatas overpowered CSN with giving a final 608 pence bid, amounting to $11.3 bn! CSN backed off from the fight and Tatas were announced winners.
What an amazing end to a courageous feat! "Fortune favors brave" - the saying was proved correct again. This was the biggest take over done by any Indian company in the history of India.
Ratan Tata - The businessman of the year
Tuesday, January 02, 2007
when she beholds her own face in
a perfect mirror.
Beauty is in the ideal of perfect harmony which is in the universal being; truth the perfect comprehension of the universal mind
It all looks beautiful in the pictures. But trust me; it looks even more dazzling when seen in real! Yes, I am talking about the majestic sight of snow covered mountains. That was the first time I saw and felt snow in my life. The place is called Alta Sierra and it is about an hour’s drive from my sister’s place in Sacramento. California is known for the blessings Mother Nature has bestowed upon it. From Santa Cruz beach at about 2-3 hours drive to this blissful, hilly, snow covered place at about an hour’s drive in the other direction, Sacramento is situated in a magnificent place geographically
We started at a time in the morning which can be fairly called late for an outing. We started at about 10 o’clock, enjoying the lazy morning of a holiday and then getting ready quickly to start for the place. We dropped the plan of going to Yosemite National Park near San Francisco because it was a long drive and the weather also was predicted to turn hostile. So we decided to go to Alta Sierra which is on the way to the famous Lake Tahoe. The weather was calm and partly cloudy. We started the drive with a cup of strong coffee at a gas station. What can be better than a strong coffee with Irish cream on a cool windy winter morning?