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Nita Ambani - Triggering the standard of education

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 led RIL’s LyondellBasell bid gets support from Dutch Govt.

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


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


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 Targets Milk Now

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.


Indian Government Applauds Mukesh Ambani’s Pay Cut

Shri Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL), has set a paradigm for moderation in executive pay by lowering his annual salary to two thirds i.e. from Rs. 44 crores in FY08 to Rs. 15 crores in FY09. Simultaneously, RIL, the largest private sector firm in India has announced new structure for salaries and remuneration of top executives wherein the pay packets would be capped, as against the prevailing system of commission linked to profits.
Due to this, Mr Mukesh Ambani, would get a lot less as compared to the top honchos heading companies with a size one tenth of RIL.
Indian Government has applauded Mukesh Ambani on his remarkable sensitivity towards the prevailing scenario. “What Mukesh Ambani has done is laudable…it’s a good decision,” said Corporate Affairs Minister Salman Khurshid, who recently sparked a debate on executive compensation by advising the industry to shun vulgar CEO salaries.
Last week, Reliance had announced a 1:1 bonus share issue and recommended an interim dividend of 13 rupees per share.
#View videos of Mukesh Ambani and Reliance Group


Reliance Group’s KG-D6 comes to the rescue


India’s largest private sector company Reliance Industries Ltd. (RIL) has come to the aid of drought affected northern states, and is helping them meet their electricity deficit.
Petroleum Ministry allocated additional natural gas from Reliance’s eastern offshore gas fields. Oil Minister Murli Deora had approved a temporary allocation of about 3.7 million standard cubic meters per day of KG-D6 gas to Lanco’s Kondapalli power plant in Andhra Pradesh, Utran plant in Gujarat and Pragati Power in Delhi.
The gas is helping generate about 800 MW of additional electricity and also help bridge the shortfall in hydro power generation due to sporadic rains.
H S Brahma, power secretary, said that all 10 mmscmd of gas is needed at power plants operating below capacity or about to be commissioned, and of this 3.7 mmscmd has been allocated.
KG-D6, a Reliance Group project, gas is also helping the Power Ministry meet its 100-day agenda of adding 5,200 MW generations.
#View videos of Mukesh Ambani and Reliance Group


Mortgage is common

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Mortgage is common says the title. Many are having their own odds with the controversial title. But the truth is that mortgage is indeed common. Every one in some case or other must have done the mortgage job. The mortgage leads to a situation that is currently happy in most cases but in one way or other the mortgage lead will indeed end us at a crisis situation and the thought would be that we could have avoided it. This is the case with the big industrialist and the multi billionaires too. They would also have mortgaged. But the amount involved with those kinds of transactions will be greater than what we can think of in our life time. The would speak in terms of millions and billions of dollars and in the same way the property that they have mortgaged will be of a value that is still more than that the god himself cannot think of and the money that will feed the entire country for a day or too probably. They mortgage those for the reason that they are in urgent need of money for some transactions immediately and for which they cannot loose their property too. Those things are done in small companies too.


Applying for the debt reduction programs

The application procedure for availing the various benefits of the debt reduction programs is very simple. One has just got to fill the form with the information such as the name, address, phone number, debts, financial status, work and some other simple details. After filling the form, the form should be submitted to the counselor. The counselor will analyze the various details provided in the form. The best solution to face the debt will be given to the person. The person will be able to enjoy the benefits of the debt reduction for more than 50 percent. The situation will get complicated if the debt situation is severe with more two kinds of the debts under your name. It will also provide solution pertaining to the various credit card debts. The credit card settlement process will also be included under this process; hence there is no need to worry about filling the separate plan for this unless the situation is complicated. If you are looking solution for the question how to consolidate debt, then this process will be a great option to consider due to the immense capability of the process to provide very quick results that are long lasting.


Function of Ocala bail bond agents

Normally the nature of the law status in the country decides the development of the nation. A good law foundation is necessary for all countries. Most of the countries are have some difficult in the law to execute it. But in Florida laws are unique among others because there is no strong laws are present. A person is said to be accuse then he is easily come out from jail by getting bail. The bail is obtained with the help of any bail bond agents. Many bail bonds agents are functioning in Florida. Florida Bail Bonds are having certain criteria for getting bail. You should get free consultants through phone for all 24 hours. Numerous works are carried out in the issue of bail bonds. It is only known to the bail bonding agents. Ocala Bail Bonds are similar to the all other bail bond. First they get the security from the clients and the agent itself pays the initial amounts. If the judgment favors the accused then clients need to pay the commission for the agents. The commission amount is usually ten percentage of the insure amount. Fort Myers Bail Bonds are having distinct features among all other bail bonds. They are suggesting well-experienced and talented attorneys for the case. So it the helps the clients by no need of searching lawyers.


Momentum Investing and Trend Following: The Secret to Significant Portfolio Returns


Two popular terms which often confuse investors are “trend following” and “momentum investing.” Perhaps the most glaring commonality between these two is their blatant defiance of “buy and hold,” the practice of selecting an investment and holding it indefinitely, believing that over time the market goes up, and therefore any investment will appreciate. Although the buy and hold approach has been touted for years by academics as the best method of investing, in reality it has its shortcomings, which are apparent in every Bear market.

Despite being the antithesis of buy and hold, both momentum investing and trend following strategies are predicated upon a disciplined investment approach that’s designed to buy when the price of an issue is increasing and sell when the price is declining. Additionally, an exit strategy is normally incorporated to override the human tendency to hold losing positions much too long. Yet despite the distinct characteristics that these two terms share, in reality they are quite different.

What is Trend Following?

Trend following, in its most basic definition, is a systematic investment approach predicated upon buying and selling securities based on the sustained price movement of the issue. It’s important to point out that trend followers don’t predict the future price movement of a stock; rather they examine the issue using technical analysis to determine which direction, if any, the equity is currently moving. If a bullish trend is emerging, the trend follower will likely buy a position in the stock and hold it until the trend begins to weaken or change direction. If the equity exhibits a bearish trend, the trend follower can short the position, wait until the trend reverses, or merely find another issue.

But there’s much more to being a successful trend follower than just selecting and buying securities. In fact, it can be argued that the most important aspect of trend following isn’t when and what to buy, but rather when and what to sell! Often times, successful trend followers establish a “sell rule” that must be violated prior to selling the issue. These sell rules vary depending on the risk tolerance of each investor, but they typically consist of a trailing stop loss coupled with a confirming indicator. The overarching benefit of sell rules is that they provide a disciplined, mechanical methodology which the average investor should seriously consider implementing into his investment philosophy.

What is Momentum Investing?

Momentum investors are constantly searching for companies that are moving faster than the market. They believe substantial returns can be realized if they find, buy and hold onto those issues for as long as the price continues to go up. The old axiom, “if it isn’t broken, don’t fix it” illustrates the shared philosophy of momentum investors; those companies with the biggest price changes over the last few months are more likely to continue making substantial gains.

Fundamental analysis plays a much bigger role in momentum investing than it does in trend following. Momentum investors believe that buried within a company’s earnings statement is the reason why the price has been increasing so dramatically. And if that underlying reason is uncovered, the opportunity presents itself to capitalize on that knowledge in the future.

In the case of trend following, investors want to identify where a security may be within the performance cycle. For example, how close to the 52-week high or low is the current market price and what is the short-term direction of the issue? For the momentum investor, the key criteria may be the relative strength of the security versus the market or more importantly the peer group of the particular security in question.

How to Develop a Successful Investment Strategy

Investors often ask why go through all the effort of actively managing a portfolio. The simple answer lies in the proven behaviors of economic cycles and sector rotation. Independent studies have proven that over time the largest percentage of a securities’ price appreciation is driven by the industrial group within which the company is classified and not the performance of the individual company itself.

However, the real reason why investors should actively manage their portfolios is a concept called the “Time Value of Money,” also known as “Compounding Rate of Growth.” Many financial professionals will use the example of how a penny, if doubled every day, is worth over $10 million after only 30 days. A very impressive and eye opening number given the small amount of initial capital outlay. What would happen if instead of doubling the penny every day, it were to grow by only 75%? The investment would be worth slightly over $195,000 rather than $10.7 million. Reducing the growth rate further to 50% and the end value is now $1,917.51. A 25% growth rate for 30 days produces a value of only $8.08.

How does the concept of compounding growth translate into the selection of an investment strategy? Investors who actively manage their portfolios, either through trend following or momentum investing, have the ability to take modest gains and re-invest the profit in other trending securities over and over again. Buy and hold investors are not awarded this luxury since they rarely sell when the price is at the top. Rather, they buy a position when the price is low, ride the position all the way up in a bull market, and then watch as is loses value in a bear market. It’s a very frustrating strategy, equally hard on the stomach as it is on the wallet.

Both strategies, trend following and momentum investing, demand a certain level of self-discipline in order to be successful. A portfolio risk-management system that uses the current market price and equity level of a position and some form of market volatility measurement is recommended. An example of such a system could be a proprietary market model focused on technical indicators, back tested over time, coupled with a volatility indicator. The system might employ either the Average Directional Movement Index (ADX/R), the CBOE Volatility Index (VIX) or the more traditional Advance Decline Line, Breadth or Volume indicators.

Taking Portfolio Risk Management Systems One Step Further

One noted management system authored by William O’Neil is CANSLIM. The CANSLIM approach combines both fundamental and technical analysis much like the Core Equity Portfolio available at QMA Investment Management, LLC. The weakness in the CANSLIM approach, along with many other similar systems, is that they stop short of providing a truly utilitarian system for the investor. The user ends up with a list of stocks, all of whom have meet the systems criteria, but no method for distinguishing between the good, the better and the best.

To address this problem, Alpha Advisor Service, LLC created the AAS Rating Score. This number is a time-weighted risk-adjusted alpha value used to rank each of the 1700 investments analyzed daily by AAS. The purpose of the AAS Rating Score is to create a level field to measure all investment alternatives. The highest AAS rated securities provide the greatest risk-adjusted return compared to the lowest rated securities. This approach is superior to other forms of alpha analysis since it is time-weighted, thereby identifying those stocks or funds that are providing greater returns for the risk taken. A tool of this caliber, which is available for any investor via the Alpha Advisor Service Newsletter, provides the means of not only developing a customized portfolio risk-management system, but also a disciplined method of buying and selling the securities within the portfolio.

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