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Reliance Industries
NRI`s efforts to save our country`s economy. Read on...
Posted by :
bhusbhacTracked by: 0 Boarder
Dear pyaretaj - As you know I have been one of the very few voices who have been trying to avert a horendous situation for us ALL in the REAL ECONOMY.
I am so glad you have given so many solutions. I do invite other members to pool-in in this great effort and come up with many suggestions.
We can start rebuilding brick by brick from the IMMDIATE NOW!...
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by :
pyaretaj
Dear All,
Please spare a couple of minutes here for the sake of our country INDIA
Our Economy is in our hand. INDIAN economy is in a crisis. Our country like many other ASIAN, WESTERN AND EUROPEAN countries are undergoing severe economic crunch. Many INDIAN industries are closing down. European countries will see a massive collapse in coming days. America is begging for cash and their economy is collapsing. Billions of Dollars are being lost by their financial companies and many top rated American and European companies are on the verge of total collapse and bankrupt. The INDIAN economy too is in a crisis and many factories, establishments, plants, etc are shutting down, bringing a total chaos to Indians and Indian Economy and hundreds and Thousands of people are loosing their jobs daily. Exports are reducing and huge losses being incurred. If we do not take proper steps to control those now, we will be in a critical situation. This effect has already started showing up in Gulf countries too, beginning from Dubai.
U Can make a huge difference to the Indian Economy,
Small example:
Before 5 months 1 CAN $ = IND Rs 32
After 5 months 1 CAN $ = IND Rs 37
Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here.
A cold drink that costs only 70/80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. `COCA COLA `and` SPRITE ` belong to the same multinational company, `COCA COLA`? Coke advertisements says `JO CHAHO HO JAYE, COCA COLA ENJOY` - (Whatever the hell, let it happen, you drink coke)
What can you do?
You can consider some of the better alternatives to aerated drinks.
You can drink LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JALJEERA, ENERJEE, MASALA, MILK... Everyone deserves a healthy drink, including you!
Over and above all this, economic sanctions have been imposed on us. We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future.
What you can do about it?
1 . Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2 . ENROLL as many people as possible for this cause.
Each individual should become a leader for this awareness.
This is the only way to save our country from severe economic crisis. You don`t need to give-up your lifestyle. You just need to choose an alternative product.
All categories of products are available from WHOLLY INDIAN COMPANIES.
Every INDIAN product you buy makes a big difference. It saves INDIA . Let us take a firm decision today.
BUY INDIAN TO BE INDIAN.
We are not against foreign products.
WE ARE NOT ANTI-MULTINATIONAL.
WE ARE TRYING TO SAVE OUR NATION.
EVERY DAY IS A STRUGGLE FOR A REAL FREEDOM.
WE ACHIEVED OUR INDEPENDENCE AFTER LOSING MANY LIVES.
THEY DIED PAINFULLY TO ENSURE THAT WE LIVE PEACEFULLY.
THE CURRENT TREND IS VERY THREATENING.
MULTINATIONALS CALL IT GLOBALISATION OF INDIAN ECONOMY.
FOR INDIANS LIKE YOU AND ME IT IS RECOLONISATION OF INDIA .
THE COLONIST`S LEFT INDIA THEN.
BUT THIS TIME THEY WILL MAKE SURE THEY DON`T MAKE ANY MISTAKES.
WHO WOULD LIKE TO LET A `GOOSE THAT LAYS GOLDEN EGGS` SLIP AWAY.
PLEASE REMEMBER: POLITICAL FREEDOM IS USELESS WITHOUT ECONOMIC INDEPENDENCE .
RUSSIA , S.KOREA , MEXICO ... THE LIST IS VERY LONG!!
LET US LEARN FROM THEIR EXPERIENCE AND FROM OUR HISTORY.
LET US DO THE DUTY OF EVERY TRUE INDIAN.
FINALLY: IT`S OBVIOUS THAT YOU CAN`T GIVE UP ALL OF THE ITEMS MENTIONED ABOVE, SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
NRI`s efforts to save our country`s economy. Read on...
Posted by : dineshsahayTracked by: 0 Boarder
Pyaretaj,
I really appreciate your views on India and its economy and please keep it up. Your message needs 5 star rating.
...
In reply to:
NRI`s efforts to save our country`s economy. Read on...
Posted by : pyaretaj
Dear All,
Please spare a couple of minutes here for the sake of our country INDIA
Our Economy is in our hand. INDIAN economy is in a crisis. Our country like many other ASIAN, WESTERN AND EUROPEAN countries are undergoing severe economic crunch. Many INDIAN industries are closing down. European countries will see a massive collapse in coming days. America is begging for cash and their economy is collapsing. Billions of Dollars are being lost by their financial companies and many top rated American and European companies are on the verge of total collapse and bankrupt. The INDIAN economy too is in a crisis and many factories, establishments, plants, etc are shutting down, bringing a total chaos to Indians and Indian Economy and hundreds and Thousands of people are loosing their jobs daily. Exports are reducing and huge losses being incurred. If we do not take proper steps to control those now, we will be in a critical situation. This effect has already started showing up in Gulf countries too, beginning from Dubai.
U Can make a huge difference to the Indian Economy,
Small example:
Before 5 months 1 CAN $ = IND Rs 32
After 5 months 1 CAN $ = IND Rs 37
Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here.
A cold drink that costs only 70/80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. `COCA COLA `and` SPRITE ` belong to the same multinational company, `COCA COLA`? Coke advertisements says `JO CHAHO HO JAYE, COCA COLA ENJOY` - (Whatever the hell, let it happen, you drink coke)
What can you do?
You can consider some of the better alternatives to aerated drinks.
You can drink LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JALJEERA, ENERJEE, MASALA, MILK... Everyone deserves a healthy drink, including you!
Over and above all this, economic sanctions have been imposed on us. We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future.
What you can do about it?
1 . Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2 . ENROLL as many people as possible for this cause.
Each individual should become a leader for this awareness.
This is the only way to save our country from severe economic crisis. You don`t need to give-up your lifestyle. You just need to choose an alternative product.
All categories of products are available from WHOLLY INDIAN COMPANIES.
Every INDIAN product you buy makes a big difference. It saves INDIA . Let us take a firm decision today.
BUY INDIAN TO BE INDIAN.
We are not against foreign products.
WE ARE NOT ANTI-MULTINATIONAL.
WE ARE TRYING TO SAVE OUR NATION.
EVERY DAY IS A STRUGGLE FOR A REAL FREEDOM.
WE ACHIEVED OUR INDEPENDENCE AFTER LOSING MANY LIVES.
THEY DIED PAINFULLY TO ENSURE THAT WE LIVE PEACEFULLY.
THE CURRENT TREND IS VERY THREATENING.
MULTINATIONALS CALL IT GLOBALISATION OF INDIAN ECONOMY.
FOR INDIANS LIKE YOU AND ME IT IS RECOLONISATION OF INDIA .
THE COLONIST`S LEFT INDIA THEN.
BUT THIS TIME THEY WILL MAKE SURE THEY DON`T MAKE ANY MISTAKES.
WHO WOULD LIKE TO LET A `GOOSE THAT LAYS GOLDEN EGGS` SLIP AWAY.
PLEASE REMEMBER: POLITICAL FREEDOM IS USELESS WITHOUT ECONOMIC INDEPENDENCE .
RUSSIA , S.KOREA , MEXICO ... THE LIST IS VERY LONG!!
LET US LEARN FROM THEIR EXPERIENCE AND FROM OUR HISTORY.
LET US DO THE DUTY OF EVERY TRUE INDIAN.
FINALLY: IT`S OBVIOUS THAT YOU CAN`T GIVE UP ALL OF THE ITEMS MENTIONED ABOVE, SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
NRI`s efforts to save our country`s economy. Read on...
Posted by : pyaretajTracked by: 0 Boarder
Dear All,
Please spare a couple of minutes here for the sake of our country INDIA
Our Economy is in our hand. INDIAN economy is in a crisis. Our country like many other ASIAN, WESTERN AND EUROPEAN countries are undergoing severe economic crunch. Many INDIAN industries are closing down. European countries will see a massive collapse in coming days. America is begging for cash and their economy is collapsing. Billions of Dollars are being lost by their financial companies and many top rated American and European companies are on the verge of total collapse and bankrupt. The INDIAN economy too is in a crisis and many factories, establishments, plants, etc are shutting down, bringing a total chaos to Indians and Indian Economy and hundreds and Thousands of people are loosing their jobs daily. Exports are reducing and huge losses being incurred. If we do not take proper steps to control those now, we will be in a critical situation. This effect has already started showing up in Gulf countries too, beginning from Dubai.
U Can make a huge difference to the Indian Economy,
Small example:
Before 5 months 1 CAN $ = IND Rs 32
After 5 months 1 CAN $ = IND Rs 37
Do you think Canadian Economy is booming? No, but Indian Economy is Going Down.
More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here.
A cold drink that costs only 70/80 paisa to produce is sold for NINE rupees, and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. `COCA COLA `and` SPRITE ` belong to the same multinational company, `COCA COLA`? Coke advertisements says `JO CHAHO HO JAYE, COCA COLA ENJOY` - (Whatever the hell, let it happen, you drink coke)
What can you do?
You can consider some of the better alternatives to aerated drinks.
You can drink LEMON JUICE, FRESH FRUIT JUICES, CHILLED LASSI (SWEET OR SOUR), BUTTER MILK, COCONUT WATER, JALJEERA, ENERJEE, MASALA, MILK... Everyone deserves a healthy drink, including you!
Over and above all this, economic sanctions have been imposed on us. We have nothing against Multinational companies, but to protect our own interests we request everybody to use INDIAN products only for next two years. With the rise in petrol prices, if we do not do this, the rupee will devalue further and we will end up paying much more for the same products in the near future.
What you can do about it?
1 . Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2 . ENROLL as many people as possible for this cause.
Each individual should become a leader for this awareness.
This is the only way to save our country from severe economic crisis. You don`t need to give-up your lifestyle. You just need to choose an alternative product.
All categories of products are available from WHOLLY INDIAN COMPANIES.
Every INDIAN product you buy makes a big difference. It saves INDIA . Let us take a firm decision today.
BUY INDIAN TO BE INDIAN.
We are not against foreign products.
WE ARE NOT ANTI-MULTINATIONAL.
WE ARE TRYING TO SAVE OUR NATION.
EVERY DAY IS A STRUGGLE FOR A REAL FREEDOM.
WE ACHIEVED OUR INDEPENDENCE AFTER LOSING MANY LIVES.
THEY DIED PAINFULLY TO ENSURE THAT WE LIVE PEACEFULLY.
THE CURRENT TREND IS VERY THREATENING.
MULTINATIONALS CALL IT GLOBALISATION OF INDIAN ECONOMY.
FOR INDIANS LIKE YOU AND ME IT IS RECOLONISATION OF INDIA .
THE COLONIST`S LEFT INDIA THEN.
BUT THIS TIME THEY WILL MAKE SURE THEY DON`T MAKE ANY MISTAKES.
WHO WOULD LIKE TO LET A `GOOSE THAT LAYS GOLDEN EGGS` SLIP AWAY.
PLEASE REMEMBER: POLITICAL FREEDOM IS USELESS WITHOUT ECONOMIC INDEPENDENCE .
RUSSIA , S.KOREA , MEXICO ... THE LIST IS VERY LONG!!
LET US LEARN FROM THEIR EXPERIENCE AND FROM OUR HISTORY.
LET US DO THE DUTY OF EVERY TRUE INDIAN.
FINALLY: IT`S OBVIOUS THAT YOU CAN`T GIVE UP ALL OF THE ITEMS MENTIONED ABOVE, SO GIVE UP ATLEAST ONE ITEM TO FOR THE SAKE OF OUR COUNTRY.
...
Tracked by: 0 Boarder
Dear gugdrucks - In fact the Book value of RIL is around Rs 540 as of 31st March, 2008 up around 50% from March, 2007 as reported by myiris. You can take it at around Rs 750/- or Rs 850/- as of today! However we will come to know the actual figures only by end of April, 2009.
I have to still study what book value means in precise terms. Suppose I purchased my house 10 years ago at x amount buy todays valuation is 3x still my book value remains x amount. Similarly there is the real extate value and despite the real estate bubble as you may call it the real estate part of RIL would not be less than 2x having acquired and developed the properties and business on it PLUS there is a GOOWILL of some x factor. Of course you have to take away current liabilities over current assets and vice versa as the case may be. Regarding DEEP SEA exploration for oil and gas the exploration part would according to my sense not be capitalised and perhaps woul be treated as an expense and offset against the sale of oil and gas. Expenses have already been booked till the 2nd Quarter. I think there are quite a lot of incentives and tax free holidays for oil exploration and production of oil and gas. There would be quite a lot of invisble assets which cannot be accounted as BOOK valuation. Book valuation can come into play only if the company is heading for problems nearer to liquidation or takeover in troubled times. So instead of Rs 1700/- take that at Rs 1000 at least!
I think as a departure from book valuation and taking into account the PE the valuation of RIL should not be less than Rs 1700 per share which is around 2x of book valuation as per valuations from Indian viewpoints in expectation of Rate of Return from Equity. According to FII calcualtions the share could be easily valued at over Rs 3000+ per share once the world economies stabilise.
Anyway this prompts me to study book valuation a little more however the more experienced MMB boarders especially with accounting knowledge could fill in this subject some more!
In my opinion Rs 1130/- is a rediculous price for RIL!...
In reply to:
RIL
Posted by :
gugdruks
I though that Book value is around 500 rupees
Tracked by: 0 Boarder
whatever it is, very short term outlook has become bullish! let us take the ride and earn few bucks!...
In reply to:
RIL
Posted by : gugdruks
I though that Book value is around 500 rupees
Tracked by: 0 Boarder
I though that Book value is around 500 rupees...
In reply to:
RIL
Posted by : chief_kamani
jkt-Book Value is Rs850/-!!And this is a splendid stock which always bounces back!!
Scary Movies of Europe. Read on...
Posted by : bhusbhacTracked by: 0 Boarder
Dear kadiyali - Agreed there will be struggle. Although I am bullish on RIL I also hope that they will use up all their profits for the struggle until it lasts. Our Honourable Finance Minister who is an A Class Economist has in as much words stated that industries ought to sacrifice part of their profits to reduce prices and spur up domestic demand and consumption if ONLY just for 2 quarters. I would say let the industries give up all their profits and here the shareholders support playes an important role in understanding the situation and the solutions. I am more inclined to go with the statement of Honourable Finance Minister than many other day to day economists and experts since eventually we will have to come out of the woods and it is his responsibility to boost confidence in adversity and show us the way where he feels more comfortable in the interest of our nation. If we do as he says stimulus will be forthcoming as needed and I do think that RIL will get help if EVER needed.
Honourable Fianance Minister is not overly worried about the rise in budgetary deficits which I think will shrink under any event due to inflation figure which is likely to drop dramatically very soon!
Once the elections are over and if our Honourable Prime Minister is re-elected and also brings back Honourable Finance Minister P Chidambaram and going by their actions of past 5 years including the all important Nuclear Deal and Indo-US relations I am quite sure that there will be an even stronger impetus for industrial growth.
So I am also personally upto giving my best where I can for the next 2 quarters alongwith the 70% rural population who are hard at work. How far I can go will depend largely on how we educated urbanites work going forward to finding solutions rather than creating deeper problems for ourselves....
In reply to:
Scary Movies of Europe. Read on...
Posted by : kadiyali
Even in India, bigger sized/diversified companies like Reliance pack (both brothers), Tata Steel & Tata Motors fully loaded with large sized debts will struggle in the days to come to meet their overheads & interest outgo.
Scary Movies of Europe. Read on...
Posted by : kadiyaliTracked by: 0 Boarder
Even in India, bigger sized/diversified companies like Reliance pack (both brothers), Tata Steel & Tata Motors fully loaded with large sized debts will struggle in the days to come to meet their overheads & interest outgo....
In reply to:
Scary Movies of Europe. Read on...
Posted by : pyaretaj
In Germany, Chancellor Angela Merkel said she expected the first few months of next year to bear more bad news for Europe`s largest economy, which is now in recession.
Merkel told Welt am Sonntag newspaper that economic development in Germany, Europe and the rest of the world was hard to predict but
Conversation with Shri C B Bhave
Posted by : bhusbhacTracked by: 0 Boarder
Correction opening para shoud read - Investments in mutual funds are subject to market risks so please study the OFFER DOCUMENTS carefullky before making an investment. This is the approximate underlying principle when investing in stock markets...
In reply to:
Conversation with Shri C B Bhave
Posted by : bhusbhac
Investments in mutual funds are subject to market risks so please study the investment portfolio before making an investment. This is the approximate underlying principle when investing in stock markets.
I feel that the poser for doing away with retail investors and which making it easy for small investors including housewives to be on the stock markets may be the concern of so many savings that have gone haywire especially in futures trading without professional management is quite redundant since some professionals FIIs, DIIs, Mutual Funds and/or EXPERTS in the markets have made horendous losses for their clients. Of course some of the clients a very small percentage might have made tonnes of money in the FALL!
In my opinion this question was best addressed with the reality that FIIs selloff was the reason for the fall in the markets. According to Shri C B Bhave it is only the leveraged funds which were under pressure to get out.
I have no doubt that SEBI has done all that is legally possible to safeguard the mechanism of our stock markets legally. It is also not an India specific problem it is Asian Markets and Emerging Markets who have been affected much the same way.
I think that the best point that emerges from this conversation and which needs to be addressed is how to soak up the FIIs selloff. SEBI has tried to relax the limits of promoters stake in the company however this has met a damp squid simply since cash liquidity has dried up since our compnies were borrowing from abroad even for their working capitals, expansion programmes and acquisitions.
I feel that the stock market crash due to FII outflow is the single most MAJOR cause for sudden reduction of market caps for reason of which several companies are facing subprime like crisis and are unable to raise funds so they have to cutback production and so they cannot give the required stimulus to lift domestic demand, confidence and sentiments.
SEBI might attempt to make a study whether the market valuation of various companies and sectors reflect their fundamental valuations or not and recommend to the Fianance Ministry of how this issue can be resolved and brought back to reality as quickly as possible by soaking up FII selloffs in these companies.
I am quite sure that SEBI has the means to signal to the Finance Ministry and I am quite sure that such exercise is already underway to help selective industries in a direct way rather than via the route of direct intervention in the stock markets. Some imagination and innovation in a direct way even if it is very small will help investor confidence immediately.
The indirect method which investors may look out for is for which companies the Finance Ministry is selecting for lending to certain instituitions by increasing the leveraging limits.
RIL seems to be able to muster up sufficent funds for their plans as per the various newspaper reports and as per the views pointed out on this board although at a somwhat higher cost. I think it is a big positive for RIL especially since RILs plans help in tremendous IMPORT substituition for which the Government is seen helping in the RIL - RNRL case and also our Finance Ministry might as well take a little risk and stick their necks out a little for a cause which should help the nation in this crisis. In this matter RIL should be in par with priority just as the farmers debt write-offs which believe it or not should still see us with a very +ve GROWTH and also stimulus of doemstic demand might very well emerge from this liquidity with this class of consumers as well.
I think it is just a matter of these two quarters where our patience and not the lows of the markets should be tested!
Conversation with Shri C B Bhave
Posted by : bhusbhacTracked by: 0 Boarder
Investments in mutual funds are subject to market risks so please study the investment portfolio before making an investment. This is the approximate underlying principle when investing in stock markets.
I feel that the poser for doing away with retail investors and which making it easy for small investors including housewives to be on the stock markets may be the concern of so many savings that have gone haywire especially in futures trading without professional management is quite redundant since some professionals FIIs, DIIs, Mutual Funds and/or EXPERTS in the markets have made horendous losses for their clients. Of course some of the clients a very small percentage might have made tonnes of money in the FALL!
In my opinion this question was best addressed with the reality that FIIs selloff was the reason for the fall in the markets. According to Shri C B Bhave it is only the leveraged funds which were under pressure to get out.
I have no doubt that SEBI has done all that is legally possible to safeguard the mechanism of our stock markets legally. It is also not an India specific problem it is Asian Markets and Emerging Markets who have been affected much the same way.
I think that the best point that emerges from this conversation and which needs to be addressed is how to soak up the FIIs selloff. SEBI has tried to relax the limits of promoters stake in the company however this has met a damp squid simply since cash liquidity has dried up since our compnies were borrowing from abroad even for their working capitals, expansion programmes and acquisitions.
I feel that the stock market crash due to FII outflow is the single most MAJOR cause for sudden reduction of market caps for reason of which several companies are facing subprime like crisis and are unable to raise funds so they have to cutback production and so they cannot give the required stimulus to lift domestic demand, confidence and sentiments.
SEBI might attempt to make a study whether the market valuation of various companies and sectors reflect their fundamental valuations or not and recommend to the Fianance Ministry of how this issue can be resolved and brought back to reality as quickly as possible by soaking up FII selloffs in these companies.
I am quite sure that SEBI has the means to signal to the Finance Ministry and I am quite sure that such exercise is already underway to help selective industries in a direct way rather than via the route of direct intervention in the stock markets. Some imagination and innovation in a direct way even if it is very small will help investor confidence immediately.
The indirect method which investors may look out for is for which companies the Finance Ministry is selecting for lending to certain instituitions by increasing the leveraging limits.
RIL seems to be able to muster up sufficent funds for their plans as per the various newspaper reports and as per the views pointed out on this board although at a somwhat higher cost. I think it is a big positive for RIL especially since RILs plans help in tremendous IMPORT substituition for which the Government is seen helping in the RIL - RNRL case and also our Finance Ministry might as well take a little risk and stick their necks out a little for a cause which should help the nation in this crisis. In this matter RIL should be in par with priority just as the farmers debt write-offs which believe it or not should still see us with a very +ve GROWTH and also stimulus of doemstic demand might very well emerge from this liquidity with this class of consumers as well.
I think it is just a matter of these two quarters where our patience and not the lows of the markets should be tested!...
Indian property bubble
Posted by : bhusbhacTracked by: 0 Boarder
Dear prafulla1001 - Good question! The real estate guys are reducing prices 5%-10%-15%-20%-25% depending on the stages of completion on the grounds that they had spent more on raw materials on construction on the older projects. I think they should be bolder and start with 30%-40%-50% and then gradually retract to normalcy....
In reply to:
Indian property bubble
Posted by : chchch
prafulla1001, The question remains what level the property prices will stabilise. Whether 10% or 20% or 30% or 40% or 50% below the current market price. What is your view on the price at which the property prices will stabilise (u have already mentioned time-period for stabilisation as 6 months)?
Hello Brother! Anil, Mukesh shake hands at Advani meet
Posted by : bhusbhacTracked by: 1 Boarder
Dear investor11 - My reading speculation or not it would be the wisest thing to do for both the brothers to just stop the negatives they are doing to each other. That would take RIL shares uo 50% and in turn Mukeshbhai can help Anilbhai in sectors that require his help and consent. There are some businesses which Anilbhai has intiated which seems to be in the wrong direction to present needs and they need to be rechannelised and some of them shelved! Mergers would be IDEAL but that may take time....
In reply to:
Hello Brother! Anil, Mukesh shake hands at Advani meet
Posted by : investor11
dear Indianstock and bhusbac
There is very strong speculation floating within circle that Anil and Mukesh joinig hands again(though they were nevre separeted it was just tactical),it is possible in coming days perhaps 28th dec(Dhirubai B`day?) they may announce meregr of RNRL,RPL with RIL,Initialy demeregr has increased their networth now merger would enhance their networth,
If it is true and happens than i would they are great buissness man India has ever produced
Your comment on this speculation pl?
Hello Brother! Anil, Mukesh shake hands at Advani meet
Posted by : bhusbhacTracked by: 1 Boarder
Dear balconeyseat - It may be some techincal glitch or some boarder might have objected to some contents somewhere in the THREAD. However if you have raised good points have 5 star ratings and so many replies then you are well on your way to communicate and take some steps to protect your interest. When markets become bullish you will see 90/100 messages that are bullish then you will know that your investment will be on the rise.
Right now bullish calls are being drowned but they are in lessor numbers than 2 weeks back! Similarly I see that some bullishness is visble with my social firends.
You have neough shares at stake so a little pep talk on your part helps a lot. I have to believe our Honourbale Finance Minister will concnetrate on GROWTH once the inflation comes down a lot more which our corporates can help him by reducing prices and profits showing this promise upto the 4th quarter. Body languange suggests that let me get elected and come back and I will do all I did past five years for Industrial Growth! Coincidentally this is required by many corporates as is fundamentally correct for businesses to stimulate domestic demand to substitue loss of exports and also find a way forward for IMPORT substituition. ...
In reply to:
Hello Brother! Anil, Mukesh shake hands at Advani meet
Posted by : balconeyseat
Dear bhusbhac,my messages are posted immediately on the board though i am only on board since 8 days,they are delated after wards by whom ?,even though they are appreciated and given *s, they are delated ,i cannot be a red flaged member,you can see my last message was posted immediately , and i got your reply soon,how is that?
Reliance seeks nod to restart fuel retailing
Posted by :
moon 1Tracked by: 0 Boarder
NEW DELHI: Fuel selling in India is a money-spinner again, at least for the private oil companies who do not have to bear the subsidy burden for
cooking fuels, LPG and kerosene. Reliance Industries (RIL), India’s largest private sector oil company that had shut down all its petrol pumps because of huge losses, has now written to the government to start selling petrol and diesel again.
The move comes soon after Essar, the other private oil company, who had restricted sales to just 100 retail stations to cut losses, approached the government to expand fuel sales. It has begun selling fuel at about 400 outlets and is planning to expand it to 1,000 stations by December 2008, a company official said.
Private oil companies, which sell petrol and diesel at market prices, could even offer fuel at lower prices, compared to their industry rivals — IndianOil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL), as falling crude prices has created enough room for a price cut at the retail level. The government, which controls retail selling price for fuel sold by government-owned companies, is yet to take a final call on when fuel prices are to be cut.
Sale of petrol and diesel by private oilcos in the domestic market had become a loss-making business earlier as they were unable to compete with government-owned oil companies, who were directed to sell fuel at subsidised prices.
The government, in a bid to cushion customers from high oil prices, provided subsidies in the form of discounts on crude oil and oil bonds to part-compensate the oilcos’ losses. The private sector fuel marketing companies including RIL, Essar and Shell, however, were not provided any subsidies.
Fuel prices at their petrol stations were thus higher compared to the next-door outlets run by government-owned companies.
The re-entry by the private oilcos is well-timed as the government is on a wait-and-watch mode before cutting prices of petrol and diesel at pumps. Private companies can hope to start pushing sales more aggressively, now that crude prices have fallen to the lowest level in three years.
Ministry of petroleum & natural gas (MoPNG) has said that it will not recommend a reduction in petrol and diesel prices at this stage as public sector oil marketing companies (OMCs) are still incurring huge loss on the sale of cooking gas and kerosene sold through ration shops.
While three PSUs — IOC, HPCL and BPCL — are making a profit of Rs 8.17 per litre on petrol, and Rs 0.65 per litre on diesel from this Sunday, they are still making a loss of about Rs 330 per cylinder in cooking gas and Rs 21.40 per litre on kerosene. Their combined loss per month (on the sale of the two subsidised products) is estimated around Rs 2,831 crore.
It is likely that the oil ministry will not propose a price cut to the Cabinet. “We would like that the Navratna oil companies must close the financial year with profit,” petroleum secretary RS Pandey told ET. All the three oil companies went in the red for the first time in the first half of 2008-09 with their combined losses exceeding Rs 14,000 crore.
“There can’t be a reduction in prices because one product is making some profit for a very short period of time. A holistic view has to be taken on the finances of OMCs. MoPNG will look at the pricing issue in its entirety and take the proposal before the Cabinet,” MoPNG additional secretary and spokesperson S Sundareshan said. ...
Reliance oil deals with Kurdistan illegal: Iraqi Oil Minister
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NEW DELHI: Iraq has dubbed as "illegal" the contracts signed by Reliance Industries` for two oil blocks in Kurdistan saying companies signing oil
deals with Kurdistan Regional Government cannot bid for lucrative oilfields contracts in Iraq.
A year after Reliance signed contracts for Rovi and Sarta oil blocks in northern Iraq with the autonomous KRG, Iraqi Oil Minister Hussain Al-Shahristani said any oil produced and taken away without approval of the Central government was tantamount to "smuggling" and will be dealt with accordingly.
"The contracts that were signed by the KRG were in violation of the current laws and in violation of the draft hydrocarbons (law)...therefore we have announced that those contracts are not standing with Iraq," he said in an interview to oil cartel OPEC`s official monthly bulletin.
Iraq is a member of Organisation of Petroleum Exporting Countries but its oil output is not included in production quotas of OPEC.
"Foreign companies have no right to work on Iraqi territory without the approval of the central authority and they deal with the consequences of their actions," he warned but did not say if Baghdad has blacklisted the firms.
"Any oil produced in Iraq or taken out of the country without the approval of the central government is considered smuggling and will be dealt with as such," he said.
Iraq, with world`s second-largest proven oil reserves, already announced first round of bidding for oilfields that has seen explosive interest by global energy giants. India`s ONGC Videsh is among the companies shortlisted but Reliance does not figure in the list.
A second bid round is likely to be announced before the end of the year.
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