Nita Ambani - Triggering the standard of education

Posted by supervisor as Finance

A graceful persona with an industrial mind, Nita Ambani has time and again surprised the world and earned admiration from people she knows and those she doesn’t for her generous deeds. Nita Ambani has been tirelessly working as a part of Dhirubhai Ambani Foundation and her efforts have all paid off in the form of many institutions and groups that she has stood for. Be it earning a place for the physically challenged in call centers, running schools for the needy and deprived classes or upgrading overall education standards for children, Nita Ambani is one woman who believes in doing the right thing and never shies away from taking a stand wherever and whenever necessary.

Nita Ambani plays the role of the Chairperson to Dhirubhai Ambani International School (DAIS). DAIS which was built in 2003 by Reliance Group is located in Mumbai. The school has been crowned as the best in whole of Mumbai by both critics and general public alike. DAIS owes the credit of being regarded so, to its dynamic Chairperson Nita Ambani, who went the extra step to recruit world-class teachers from around the globe. DAIS also holds the credit of being one of the 37 schools in India which offer the prestigious International Baccalaureate Program to its students which renders them an opportunity to get placed in top class universities including Oxford, Cambridge and Princeton. Recently Nita Ambani opened the gates of DAIS for slum kids to use the school facilities. The program is called Akanksha-DAIS. The force that drives Nita Ambani to devote her efforts to the cause of upgrading educational standards in the country is the quest to bring out the best and imbibe a sense of responsibility towards society and environment in students. In addition, students of DAIS are also encouraged to work with several NGOs including Aditya, Akanksha, Goonj and Ishara.

Nita Ambani has an acute business sense and with a heart of gold that beats for making others lives productive, she restlessly works to give a better meaning to people’s lives and to make it worth living. Nita Ambani spearheads the development of villages around Reliance projects and takes keen interest in the upliftment of the lives of the people residing there.

Another major development that is in the pipeline and part of Reliance’s responsible engagement with society is the Reliance University. Reliance Foundation is planning to come up with a world-class university. As told by Nita Ambani herself, Reliance University which she is all geared up to head will be built in either Delhi or Mumbai. Reliance is on the lookout for a suitable land for the proposed university.

The University will apparently promote education and research in the disciplines ranging from liberal arts to technology at undergraduate level and will gradually incorporate Post graduate and Doctoral courses. Reliance University will follow on the lines of American Universities and will tie-up with other foreign universities. It will be international in approach with the best practices but will possess an Indian soul.

Nita Ambani is all set to up to take up the new venture and turn it into another big success.

Mukesh Ambani’s Reliance Gets Dutch Support in LB Takeover Bid

Posted by supervisor as Finance

The Dutch Government’s Nodal Investment Agency says that they will support RIL’s for LyondellBasell if the deal goes through. The Netherlands, which is supporting Mukesh Ambani’s $12 billion plus bid for the Rotterdam based pet-chem giant, is the parent country of LyondellBasell.

Bass Pulles, Commissioner of the Dutch Foreign Investment Agency, which facilitates investments in an exclusive interview with ET Now’s Sumit Chaturvedi, in Hague, Netherlands said the government will support RIL’s bid for LyondellBasell. “Since RIL is a foreign company, and so is LyondellBasell, we do offer assistance in the process which surrounds the take over, for instance speeding up immigration procedures or giving a warm shoulder from the ministry”, he said.

Reliance Industries Limited submitted an all-cash non-binding bid to buy a controlling stake in LyondellBasell in 21st of November, 2009. The bid came after LyondellBasell, the third largest petrochemical company in the world, filed for bankruptcy in January, 2009. The deal, if consummated, would facilitate growth of Reliance’s core business. As LyondellBasell has large petrochemical capacities coupled with a good tech portfolio as well as joint ventures in the Middle East, it would help Reliance Industries grow and reach the Western markets.

In December, 2009 Reliance Industries stated that it had no intentions of buying any of the debt from LyondellBasell. The month of January, 2010 witnessed Mukesh Ambani-led Reliance Industries stepping up its offer for the acquisition by offering $13.5 billion instead of the earlier $12 billion.

The Netherlands government support comes as a shot in the arm for Mr. Mukesh Ambani as he prepares to bid for the Rotterdam based LyondellBasell. When asked why the vote of confidence, Pulles said, “They might consider to reinvest again, they might send out positive message to other companies back home or they might inform us on any other strategic developments in their industry.”

The Netherlands is home to global brands like Philips, ING Bank and wants to attract more talent and capital from India. They already have big investments from over 120 odd companies in India such as Infosys and TCS. If Mukesh Ambani does tide over the resistance from some lenders of LyondellBasell, he can be rest assured about support from Dutch Authorities.

Source: http://reliance-news.blogspot.com/2010/02/mukesh-ambanis-ril-gets-dutch-govt.html

Reliance Increases Fuel Sales in India

Posted by supervisor as Finance

Reliance Industries Ltd., operator of the world’s largest refining complex, increased its share of sales in India to meet growing demand for fuels.

The Mumbai-based energy explorer and refiner sold 20.65 million metric tons of fuels in the South Asian nation in the nine months ended Dec. 31 compared with 8.01 million tons a year earlier, according to Bloomberg calculations based on export figures released by the company on 22nd Jan. The numbers were confirmed by a Reliance spokesman, who declined to be identified in line with company policy.

The company gave up the export-only status of its first refinery in April in light of the global recession after completing in December 2008 a 580,000 barrel-a-day refinery that caters to overseas customers. Domestic sales as a share of output rose to 47 percent in the nine months ended Dec. 31, compared with 33 percent a year earlier, according to data released by the company.

Customers include Indian Oil Corp., the largest state-run refiner, which started purchasing diesel and gasoline from Reliance in April. “Buying fuels from Reliance Group reduces our costs,” Gyan Chand Daga, marketing director at Indian Oil, said by telephone from Mumbai today. “Demand for fuels is growing and we need to meet that gap.”

In terms of fuel pricing, the government partly compensates state refiners for selling fuels below cost without extending the benefit to private refiners, including Reliance and Essar Oil Ltd. Despite this, the private companies like Reliance are offering competitive rates to local companies and refiners. This fact raises a question about the validity of the storms raised in the recent past with respect to the Reliance gas disputes about pricing that RIL has been needlessly dragged into and embroiled in.

#View videos of Mukesh Ambani

Payday loans

Posted by supervisor as Finance

Now a days more number of banks and financial institutions are increased a lot in a big cities. One of the many price comparison sites would be a good place to start the search. Many web sites the payday loan companies fulfill your loan and therefore you are able to choose the one that was able to offer you the best deal. This process is crucial in verifying the details that you have provided in your application. Transmitted through a secure connection. After wards the loan provider will process your application and determine which type of product suits your best.

Amazing cash advance Loan

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There is a downside to payday advance. Before you decide that this is an amazing deal it is important to realize that these fees will reset every time you receive a paycheck and do not pay off the loan. Also, a borrower should check if the net application is processed through a safe and secret info transference mode to guarantee the safety of his non-public info. The requirements are simple. You have to have to show an income, show proof of residency, 2 IDs, and a current checking account statement. Usually, balance transfers offer a starting interest rate of zero percent.

India’s Mukesh Ambani awarded Penn Engineering Dean’s Medal

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Mukesh Ambani, the CMD of Reliance Industries Ltd., received the Penn Engineering Dean’s Medal here in Mumbai, India, on Friday, 8th January 2010. In a ceremony at the Trident Hotel he was honoured with the Dean’s Medal by Eduardo Glandt, Dean of Penn Engineering. The University of Pennsylvania has conferred this award on Mukesh Ambani for his visionary leadership in the application of engineering and technology for the betterment of society and mankind. The award is a testimony to this global visionary; who runs India’s biggest corporate house, Reliance Industries Ltd.

The keynote address for the event was made by Dean Glandt who introduced Mukesh Ambani warmly, in a well attended gathering in the Regal Room of the Trident Hotel. Amidst the attendees were industrialists, celebrities and the Indian media including Kumaramangalam Birla, Anand Mahindra and Sachin Tendulkar. In his speech Mr. Ambani announced the newest project of the Reliance Foundation – a university in India, to be headed by Mrs. Nita Ambani. He also expressed with much passion the requirement for a global paradigm shift to include a focus on real engineering instead of financial engineering in light of the recent economic crisis.

Mr. Mukesh Ambani has come a long way having started his corporate journey in 1981 when he joined his father, late Mr. Dhirubhai Ambani, the founding chairman of Reliance. He initiated Reliance’s vertical integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and eventually oil and gas exploration and production. He then led the creation of 51 new, world-class manufacturing facilities encompassing diverse technologies that increased Reliance’s manufacturing capacities manifold.

The Jamnagar Refinery in Gujarat which is now the world’s largest grassroots petroleum refinery was the brainchild of Mukesh Ambani. Dhirubhai’s dream project Reliance Infocomm, which is now one of the largest telecommunications companies in India and has emerged as Reliance Communications Limited was also set up by Mukesh Ambani. He is currently steering Reliance’s development of a pan-India retail network, a transformational initiative connecting, rural and urban India.

In a recent study by the Harvard Business Review, Mukesh Ambani has been recognized as the fifth best CEO of the world in a review, which surveyed a total of 1,999 CEOs of large public traded companies across the globe. In the course of his career he has been conferred as many as 5 awards by NDTV, a leading news channel in India. He has also featured in the survey of ‘Top 50 Most Respected Business Leaders of the World’ conducted by PricewaterhouseCoopers in 2002 as well as 2004. At the global level Mukesh Ambani has been felicitated twice by the United States India Business Council. He is also the only Indian CEO to be invited thus far to become a Council Member of World Business Council for Sustainable Development (WBCSD) in July 2007.

Mukesh Ambani’s RIL appalled at being linked with YSR chopper crash

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Reliance Industries Ltd. (RIL) spearheaded by Mukesh Ambani displayed concern and condemned the allegations made by a Telugu TV Channel in lieu of Y S Rajasekhara Reddy’s helicopter crash. Mukesh Ambani’s RIL made a statement today stating that the allegations are baseless, “false” and “malicious”.
Reliance Industries said in the statement, “We are shocked and outraged at the false, malicious, motivated and libelous news on TV-5 channel, concerning the fatal mishap of Reddy’s helicopter. We condemn, rebut and reject the allegation with the contempt it deserves.”

Reliance further stated that the accusations were the “dirty handiwork of our business rivals in cohoot with TV-5”. RIL also pointed towards the “well coordinated attacks on RIL’s personnel and establishments in Andhra Pradesh” that followed the telecast on TV-5.

Source: http://ril.com/downloads/pdf/PR08012010.pdf

Debt management is one of the most effective ways to get out of debt

Posted by supervisor as Finance

Most of the books of wisdom and personal growth would be talking about abstinence and self-restraint from temptation. It may sound very typical and monotonous, but let’s face reality. One of the main causes of drowning in the financial turbulence is the use of credit cards. We’ve got so used to luxury and convenience that we don’t mind spending more than our capacity. Hold a credit card gives a sense of ownership over what we actually have. Now the situation is already quite severe and irreversible, so we must focus on ways to get out of debt and build up the economy again.

The government has introduced a federal stimulus package as part of economic reforms. This would help to meet any financial losses for giant organizations and key players in the market. This encouraged the credit card companies also blamed solution and agree to negotiations. Them in debt consolidation may be referred to debt relief network linked to the financial organization and has experience in debt settlement.

They come up with solutions to debt free consolidation and negotiate with credit card companies on your behalf to get the debt settlement for slightly less than the total amount you owe. In this time of recession, it works for the company credit card even when they have already suffered heavy losses and are willing to pay for something rather than nothing.

Unexpected Possibilities in Auto Insurance sent through the Unassuming Afternoon Jogger

Posted by supervisor as Finance

While cutting the grass in my lawn one afternoon, I happen to have a chat with an old friend who regularly jogs every afternoon as he stopped by for his water break. After exchanging pleasantries and opinions with regards to the weather, he saw my car in the garage and asked me if I don’t mind telling him facts about my auto insurance premium.

When I answered him, he was kind of amused to know that I pay a bit high because I purchased a Full coverage for my auto insurance. Consequently, I asked him about his auto insurance quotes and as expected, I was bemused (he is actually paying one half of what I currently pay). Through our discussion, I have learned that since he has no doubts with regards to his driving skills, he opted to go for Liability coverage. This means that his car insurance company will only have to pay to the damages he has caused to the other driver involved and it will not include the damages or hospital bills he might need to pay. Nonetheless, he is still saving a lot. A much needed option especially during these days.

After my friend continued with his jog, I stopped with my grass cutting and decided to look for my insurance contract and give it a review. I scanned the policy for other possible discounts I can avail of. There are, to my relief, other discounts I failed to apply for because as far as I can remember I was in a hurry the day I signed the papers (I was bound for a corporate meeting). I decided to give my insurer a call to discuss the new possibilities I have been eyeing on. They were agreeable and immediately scheduled a meeting with me the day after.

Although I wasn’t quite sure if I finished cutting the grass in my lawn, I am now more than happy to see my monthly car insurance bills in the cupboard knowing that I am paying for what I truly deserve.

Mukesh Targets Milk Now

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Milk is industrialist Mukesh Ambani’s newest business muscle and his corporate dairy is looking for refrigerator space at mom and pop stores, in addition to vending from Reliance Retail stores.

With the beginning of sale of ‘Dairy Pure’ through general milk retailers, as opposed to mostly through Reliance Retail-owned stores now, Mukesh Ambani headed Reliance expects further growth in this business.

Living up to its reputation of entering a market with a competitive edge in terms of pricing, Reliance Retail is trying to lure customers with 10 per cent extra milk in every packet than that of its rivals for the same price.

Besides Reliance stores, the milk brand is also being sold “through general trade (including milk retailers) in Haryana, Punjab, Andhra Pradesh, Tamil Nadu, Rajasthan, NCR (National Capital Region) and Himachal Pradesh,” Reliance spokesperson said.

“We see this business further growing with the extension of our product portfolio. Reliance Retail currently has its processing and packaging facilities in Andhra Pradesh, Haryana and Rajasthan and would look at expanding this over a period of time in other states,” the spokesperson said.