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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.

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

Check out the Video - http://www.youtube.com/watch?v=kDRan0kps6k

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, who heads India’s most valuable company Reliance, has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review.

Mukesh Ambani, the only Indian to feature among top 50 CEOs, is in the same league as Steve Jobs of Apple, Yun Jong-Yong of Samsung Electronics, Russian energy firm Gazprom’s Alexey Miller and John Chambers of Cisco Systems.

He is also ranked number two among the top 10 emerging market CEOs with Miller at the top.

K V Kamath of ICICI Bank is the other Indian in the list of Top 10 Emerging Market CEOs. He is ranked at number 9. The Harvard Business Review said it ranked CEOs of large public traded companies in a study conducted over 2000 CEOs worldwide. The entire group represented 48 nationalities and companies based in 33 countries.

It put Ambani in the list of “up-through-the-ranks leaders” along with the Samsung boss.

“Among the up-through-the-ranks leaders on our list are Yun Jong-Yong, who joined Samsung straight out of college and worked there 30 years before becoming CEO, and Mukesh Ambani, who joined Reliance Group in 1981, when it was still a textile company run by his father.

HBR said none of the top three CEOs had a MBA. Ambani and Chambers were the only two on the top five to hold degrees in business administration.

Reliance will focus on growth in its renewable energy segment and plans to pilot projects in biofuels, solar energy and fuel cells, Mukesh Ambani said at Reliance’s 35th Annual General Meeting.

“As part of our road-map for value creation, we are entering into the renewable energy space, as a natural extension of our conventional energy platform. Our efforts will be on piloting projects in alternative energy,” he told shareholders at the company’s 35th annual general meeting.

“Research and proof of concept project in biofuel, solar energy and fuel cells, to understand and enable scale-up, would characterise this effort. Our efforts would be to grow the conventional energy and material platform through greater global scale and competitiveness,” he said.

The Solar Group of Reliance has already implemented a large electrification programme at the community and village level in Maharashtra in 2007-08.

Reliance Industries Limited Solar Group has obtained a photovoltaic qualification for its PV modules from TÜV Rheinland Japan Ltd which conducts tests to assess whether an organization is fulfilling the requirements specified by the relevant standard and issues certificates after a thorough inspection. The certificates earned by the Reliance Solar Group are valid for the next 5 years. Reliance Solar won the best stall for the Popularization of PV for Off-Grid Rural Application at the Photovoltaic Science and Engineering Conference from the 19th of January to the 23rd of January, 2009 in India.

The news of RIL surrendering KG blocks to anyone is purely unjustified and completely unauthenticated.

In a statement, RIL has said “RIL remains committed to pursuing the exploration campaign within this block and will incorporate data and information from this well to upgrade the prospect inventory for
drilling of three more wells. Any rumour of RIL surrendering this block is completely
baseless and unsubstantiated.”

Mukesh Ambani owned Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of Rs. 1,46,328 crore (US$ 28.85 billion), cash profit of Rs 22,365 crore (US$ 5.08 billion), net profit (excluding exceptional income) of Rs. 15,637 crore (US$ 3.02 billion) and net worth of Rs 126,373 crore (US$ 24.92 billion) as of March 31, 2009.

Reliance is the first private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks 117th amongst the world’s Top 200 companies in terms of profits. RIL ranks 75th in the Financial Times FT Global 500 list of the world’s largest companies. RIL is rated as the 15th ‘Most Innovative Company’ in the World in a survey conducted by the US financial publication-Business Week in collaboration with the Boston Consulting Group.

#View videos of Mukesh Ambani and Reliance Group

On 7th October 2009, Reliance Industries Limited proposed a bonus issue of one share for every equity share held while maintaining the dividend at Rs. 13 per share. The board has also considered dividend on the shares issued to the shareholders of erstwhile Reliance Petroleum. The amount required for the proposed dividend will be Rs. 2,219 crore, including dividend distribution tax of Rs.322 crore. The bonus declaration was accompanied by the restated results for the year ended March 31, 2009, to reflect the absorption of Reliance Petroleum unit effective April 1, 2008.
Bearing in mind the value created by Reliance Group in the last four years, now, Reliance is ready to invest for the future. It has a strong Balance Sheet, large cash reserves and substantial financial flexibility owing to its Treasury Stock holding which have a current value of nearly Rs. 40,000 crore. It also has operating experience and project execution skills at par with global energy majors. Reliance has built new businesses and invested in globally competitive capacity consistently to create value for all its stakeholders. Commenting on above, Mukesh Ambani, Chairman stated “We had committed to reward our shareholders on successful completion of our two world class projects. I am really delighted to share with you the excitement we all have in flawless execution of the upstream project which has been recognized globally as a defining accomplishment. Our refinery project has also set new benchmarks and made Reliance the operator of the largest refinery site anywhere in the world. These are achievements that we should all have pride in and are milestones in our journey of creating value for our shareholders”.
#View videos of Mukesh Ambani and Reliance Group

What is a mortgage is question that will be arising in many of our minds. The answer may be simple but with many subtitles with in it. Those things are in deed deep and the place for it is not enough. Even it is hard for those who are in the field too to say the exact definitions of what it is really. The mortgage leads us with many question and indeed which are not yet answered by any of the formers are by the present and probably not by the future too I think. Why this complex is is that mortgage lead to path that is shut with a brick wall and not by a window or a door. This is the reason that we don’t have proper definition of what it is. But in general when we ask any person what is mortgage in common the answer that we will get is giving something for a time and getting something and giving back what we got with some returns to the guy from who we did the transactions and getting the thing that we left with him. This is not a clear answer but only with this answer we do all our mortgages.

 

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