1 http://economictimes.indiatimes.com/markets/bonds/tata-steel-plans-toraise-1-bn-via-global-bond-issue/articleshow/18834769.

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Mar, 2013, 08.08AM IST, The writer has posted comments on this article Nisha Poddar,ET Now

Tata Steel plans to raise $1 bn via global bond issue

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Tata Steel plans to raise $ 1 bn via overseas bond issue Tata Steel Ltd. BSE

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The bond issuance is expected to have a tenure of 10 years at the rate of 56%. Deutsche Bank, BNP Paribas, Standard Chartered are said to be the advisors to the fund raising plan Tata Group's metal company Tata SteelBSE -0.89 % is planning to raise $1 bn via global bond issuance by the end of March, sources with direct knowledge said. The bond issuance is expected to have a tenure of 10 years at the rate of 5-6%. Banks like Deutsche Bank, BNP ParibasBSE 1.38 %, Standard Chartered are said to be the advisors to the fund raising plan. Tata Steel is expected to use a part of the funds raised to finance the Odisha steel project. The total project cost is estimated to be around Rs 35,000 crores. This may turn out to be a cheaper option for the expansion project given that rupee debt is expensive at over 10.5%. Funds raised via bonds at 5-6%, with expense of forex hedging will still be cheaper than raising rupee debt. The steel major may also choose to use part of the funds to refinance some debt, a source said. Tata Steel has a consolidated debt of Rs 63,300 cr as reported in Q2FY13. Tata Steel said, "We will not be commenting on a financial strategy plan. We will disclose it when appropriate."
2 http://www.tata.in/company/media/index.aspx?sectid=jsA69xFbDUA= March 07, 2013 | Business Standard

Tata Steel recognised as one of world's most ethical companies

Ethisphere Institute is a leading international organisation Tata Steel today said it has been recognised as one of the world's most ethical companies for 2013 by the Ethisphere Institute, a leading international organisation. "The recognition was awarded post assessment on a number of parameters which included reputation, innovation and leadership, compliance and ethics programme, training and communication, corporate governance, corporate citizenship, sustainability and responsibility," the company said. The award was received by Ethics Counsellor, Tata Steel, Tripti Roy, at a function held in New York. Tata Steel Managing Director H M Nerurkar commented, "It is truly an honour to be recognised for our ethical practices which have always been the driving principle in the way we conduct our business." Ethisphere has reviewed nominations from companies in more than 100 countries and 36 industries through in-depth research and multi-step analysis.

In another development, the steel maker said it was conferred with the Most Admired Knowledge Enterprises (MAKE) award for 2012 at Global and Asian level. The company has previously been recognised by the Indian MAKE awards on six accounts since its inception in 2005. Tata Steel is world's second most geographically diversified steel producers with an annual crude steel capacity of over 26.5 million tones.

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7 Mar, 2013, 05.14PM IST, The writer has posted comments on this articlePTI

Indian Hotels to have 200 hotels globally by 2018-end

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US committed to bilateral invst with India Raymond Ltd. BSE

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-0.80 (-0.25%) Vol:590718 shares traded Prices|Financials|Company Info|Reports GURGAON: Tata group hospitality major Indian Hotels Company (IHCL) today said it plans to open 83 new hotels globally to take tally to 200 by the end of 2018. The company, which has 117 operational hotels, said it will mainly follow an asset light and management contract model for its future expansion. "We plan to have 200 hotels by the end of five years globally. As of now we have 117 hotels," Indian Hotels Company Managing Director & CEO RaymondBSE -0.40 % N Bickson told PTI. He was speaking on the sidelines of the launch of its 100th hotel in India at Gurgaon. The new 208-room hotel is under its upper upscale brand, Vivanta by Taj taking the number of properties under the Vivanta brand to 26. On the company's road map for growth Bickson said: "With growing competition in India if we want to retain our market share and grow our brand presence, we will have to follow the asset light and management contract model." The company will grow nearly 75 per cent through management contracts and about 25 per cent through equity, he added. When asked about investments, he did not share an exact figure. The hospitality major currently operates in four categories ranging from the

luxury brand Taj, upper upscale brand Vivanta by Taj Hotels and Resorts, upscale/mid-market full service hotels and resorts under the Gateway Hotel brand and economy hotels under the Ginger brand. Tata Group firm Taj Hotels Resorts and Palaces comprises 100 hotels in 58 locations across India with an additional 17 international hotels in the Maldives, Malaysia, Australia, UK, US, Bhutan, Sri Lanka, Africa and the Middle East.

AirAsia gets FIPB nod for setting up new airline in India

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6th march 2013

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FIPB clears AirAsia's investment proposal: Sources

There were some ambiguities on whether the revised FDI in aviation rules are applicable to new JVs or only existing companies, sources said NEW DELHI: Foreign Investment Proposal Board (FIPB) has cleared the Tata Sons-AirAsia Joint Venture investment proposal, reported ET Now. According to ET Now's sources at the Finance Ministry there were some ambiguities on whether the revised FDI in aviation rules are applicable to new JVs or only existing companies in the sector. AirAsia plans to launch a regional airline in India with an initial investment of Rs 800 million ($15 million) to cash in on rising demand for domestic air travel among India's rapidly expanding middle class.