Ferrari: My Beast.........

Ferrari: My Beast.........

India Winning

Tata Wins Corus

On the Eve of last day of January 2007, Tata finally got hold of Corus at 608 pence per share . Winning against the war against CSN . Well the story is is such a big news in Indian Corporate that one cant stay away from being jubilant about it. Well as a company Tata steel has played a big gamble paying more than what the corus deserved .The Management of Tata steel says it will be reaping benefits in 3 years. Now technically we speak about this than the deal has burn holes in Tata's pockets . They may not be worth that much $11.3 Billion but there name is such that any banker is ready to put bet on them . 100 years of history . The biggest corporate house of India having varied interests in - IT, Telecom, Tea/drinks, Retail, Steel, Automobile, Metals, Components, hotels, Consumer durable, FMCG what not.
9 times the EBITA is the value they paid with ultimately CSN would be laughing its fortune as the company itself is a shareholder in Corus.

But then this is moer to do with pride , I would like to commensurate the courage what RAtan tata showed in getting up to his decision that yes they will buy this. He knew that if tata steel has to do good it is now because seldom such big organisation are put to sale. The golden opportunity to make into big league see as they have climbed to the ranks of being No.5 producer in the world no wonder the deal has done wonders for them.
Tata group time and time have been accused of being complacent, uncle auntie company which has a rusted machinery . Tey are not quick to respond to market like the new age business gurus lf likes of - Bharti, Ambani, Shrinivasan.But see with one deal things have changed in the minds of public. Now TaTa is a new age energy symbol to chalenge the world that yes we are there and we can put our name in the big leagues of the world.


The most promising thing is Tata steel is so indian that every one has the connections with it it has grown within India with Indian minds and labour workind day in day out making the cheapest cost steel in the whole world.Well All news channel came up with the buzz of Brand India has arrived yes we are sure with two or three more such bg deals the world will suddenly wake up that yes this country has lot of money. RIL is looking ahead to bid for GE plastics well if that goes through they also are looking at $10 billion+ investments, already videocon, subex, Ranbaxy, dr. Reddys have done bog ticket acquisitions . And evidently its for sure that more will be coming .

To surprise the world here we come ....

India in the middle of mortgage outsourcing

In a tough business environment, mortgage companies need to think outside the box and ally with outsourcing partners who can provide innovative solutions to leverage the full benefits of global sources.
With the latest Nasscomm report of ‘Mortgage outsourcing to reach $1.1 Billion by 2010 ‘ making Indian shops jump in joy. As with growing competencies within the operations of BPO’s the focus has already gone a paradigm shift from being a non-core service provider to Critical services provider.
There is rise of different process outsourcing in Mortgage domain, which is a luring opportunity for the players across the globe to gear up and grab a pie of this cash rich opportunity. The mortgage lenders in USA, UK and other Developed countries already depend on services of software which is essential mortgage technology starting with Loan origination systems, Mortgage banking solutions, to workflow management systems etc. The need is not just stops there with margins in loans dwindling the cost reduction pressure have triggered outsourcing in big level.

Mortgage outsourcing trends is not just for conventional processes of loan origination, Document preparation, underwriting, collections and settlements but there are discrete processes like title preparation, title searches, flood certifications 1003 data entry with processing, Settlement, HUD preparation, escrow management, lien management and many more
On the parallel side there are trends of virtual loan officers fast catching up, here the employees does the lead generation and completes the 1003 form. The US office conducts the credit checks and offshore professional competes the form and then on they also do the underwriting process and finally sent to US office for final approval.

To support the trend of outsourcing it is believed that when the operating models will mature and gain acceptance, it will have the capacity to help mortgage lenders reduce their costs and improve customer service in better way. This observation can be derived from the contemporary process efficiencies attained by many players such as – Genpact, WNS, IBM – Daksh working in India who are not only writing the rules of the game but also standardizing the models for others to follow. The mortgage lenders may also leverage offshore resources to find new customers and process a major portion of the loans in a low-cost environment.


New horizons…
MISMO the MBA (Mortgage Banking Association) body is pushing hard for the wide spread adoption of Electronic mortgage which we call eMortgage. The great revolution is on the verge that will trigger deeper impacts to the biggest players in the Industry. The rules are going to be same; same scrutiny of documents, same scrutiny of signature, same credit checks and credit score assessment but the operation and approach of these activities will change for the good.
Operations in eMortgage broadly divided as Pre closing, Closing, Post closing, Recording and servicing and the vast opportunity of – smart document tracking, e Packaging, Compliance checking, Underwriting, eVaulting and other closing services making the whole picture of process driven ecosystem; With the gaining adoption of eMortgage these processes are going to be a cause of concern they will make or break the businesses. MISMO has already laid standards to run the processes but the operations of these processes observing synergy is the trick to conquer.
Outsourcing of consulting services are also the upcoming opportunity that is coming to hit the offshore centers the transformation of outsourcing for routine and mundane task is going to pave way for knowledge driven expertise run by KPO’s. The services in demand are Disaster Management, eSecurity, BPM, Electronic quality control, Compliance standards adoption and certification, Staff training and many more
The Landscape
There are many players already servicing to the mortgage outsourcing in India with Tier I comprising of IBM, Genpact, Equinox, WNS, Infosys BPO etc. and Tier II – I Gate. Nirvana, e4e, Global Indecomm, I-seva, Vision net; what is observed is many players are acquiring and expanding their expertise to meet the demand of the Mortgage Industry outsourcing. In the current scenario the bigger players are looking for higher margin business opportunities which they foresee in the form of eMortgage process outsourcing and consulting services but Industry is underdeveloped for such leap of operations, in coming times the Conventional operating processes are expected to bring a new wave in BPO’s. There is going to be surge of investments, with space for every one from large player to midsize and smaller outfits. All can serve this new opportunity of BPO. Bigger lenders will outsource to players who have relevant competencies, expertise and certification this is what triggering the buying spree which has happened in form of Genpact buying moneyline lending services, WNS acquired Arizona based Tucson, I flex buying equinox, Office tiger buying mortgage ramp. The trend visible is, almost all the players are either adding up newer services, Ramping up the operations, increasing servicing lines or building competencies, getting certification, buying licenses otherwise partnering with US based players. It is evident that time to market is everything to grab the opportunity

New Year

Happy new year 2007
As dawn of new year in every part of the world celebration hit like a festival . Today this festival of celebration of new year has made hotel, restraunts, pubs, malls cheer for . With more money in people's pocket lot of splurge in joyous activities all for drinks, dance and less of food . What is night for people going parties is a sleepless night for police . In the middle when clock strikes 12 midnight people raise their roar and start celebrating a policemen stands up on the road just to watch whether drivers are driving properly , is every thing in control
. It is same for all the people who are working in nights but an ordinary question comes to my mind what makes us celebrate 2007 for our country India.

AS i rejoice to my nations growth and prosperity with economy indicating that things will be bigger and better in coming times . I see an army of organisations from different parts of globe investing, starting operations making partners etc. the markets in india are going to catch fire with almost every sector will get a thrust on - telecom ,banking, retail, It, Cement, Real estate, Shipping, Aviation, Automobile . To see the flip side I am scared of a hole which is created by lack of goods . To an extent I am scared of monsoons again and the harvest that will that suffice our needs and farmers pockets as every day I hear one more casuality in farmer families in Bandha( UP), Vidharba it makes me think whether to rejoice 2007 or not.

As I am writing this blog in one corner of Noida (UP) there would be excavatuion going on where few bones of little children will be brought out afer digging some maniac's house and people searching some remains to identify whether they knew those little souls in one corners farmers still fighting for some causes for ther land taken away for a automobile manufacturing unit and in one corner brigades of soldiers fighting with militants to keep this 1 billion sleep in peace. Well This stories happens with many countries and India is no different . With all these heartning stories there are some triumphs too the ideas of microfinance is making lives richer in rural india, Telcom is bringing death of distance, HLL's project shakti is empowering women to come out of the shackels and take charge.

Things are happeneing for the good and all what is required is some simple contribution. Help the poor, do your good work, Keep your city clean , Practise honesty on a brighter note the wish for new year