Reliance Industries Limited India’s largest private sector enterprise in partnership with IBN18 honored 24 Real Heroes of India. Real Heroes is a movement to acknowledge the unsung champions of the common man who strove tirelessly to promote the welfare of others. These Real Heroes were shortlisted by the editorial team of CNN-IBN, and they were spread across six categories including, Women Welfare, Social Welfare, Health and Disability, Youth, Education and Children & Sports. The ceremony was attended by luminaries including CMD of Reliance Group Industries, Mr. Mukesh Ambani, his wife, Mrs. Nita Ambani, Sachin Tendulkar, Aamir Khan, Yash Chopra and other eminent personalities applauded the heroes who through their extraordinary work have made a difference. Each of the Real Heroes was presented a trophy along with a cash prize of Rs 5 lakh.
The Real Heroes all represent an inspirational story of selfless service, these range from a mechanic in Jharkhand who has set up an orphanage with his own meager resources to provide education, food and shelter to children who were left orphans due to polygamy or alcoholism to a person who has been fighting to preserve the environment over the past three decades. From a hockey coach who is on a mission to train players free of cost to an 80 year old gynecologist who is fighting to rehabilitate mentally challenged women and provide them vocational training so they can be financially independent, and many more who have dared to stand up for the betterment of the society were awarded as the Real Heroes. Speaking on the initiative on behalf of Reliance Industries, Nita Ambani, President of the Dhirubhai Ambani Foundation said, “I feel proud today – proud to be an Indian. I also feel proud of the ‘Indianness’ today. ‘Indianness’ that puts compassion, kindness and empathy before everything else. We salute the benevolence of these extraordinary people. They embody the purity of the human spirit.They may not have received the spotlight of publicity but their actions radiate the sunlight of generosity. Each of these stories is a font of inspiration. My Real Heroes friends you are our crusaders of hope. Thank you for this.”

Finally to conclude the sitting, Rajdeep Sardesai, Editor-in-Chief, IBN18 Network added, “Each one of these real heroes has performed extraordinary deeds to promote the welfare of their fellow citizens and society as a whole. Their path wasn’t easy and they have battled tremendous odds ranging from personal tragedy to social opposition and financial constraints. Yet the flame to make a positive impact has continued to burn bright and they have truly been the instruments of change. I would like to thank all our distinguished guests for their presence here in support of the Real Heroes of our nation”.

Reliance Industries Limited India’s largest private sector enterprise in partnership with IBN18 honored 24 Real Heroes of India. Real Heroes is a movement to acknowledge the unsung champions of the common man who strove tirelessly to promote the welfare of others. These Real Heroes were shortlisted by the editorial team of CNN-IBN, and they were spread across six categories including, Women Welfare, Social Welfare, Health and Disability, Youth, Education and Children & Sports. The ceremony was attended by luminaries including CMD of Reliance Group Industries, Mr. Mukesh Ambani, his wife, Mrs. Nita Ambani, Sachin Tendulkar, Aamir Khan, Yash Chopra and other eminent personalities applauded the heroes who through their extraordinary work have made a difference. Each of the Real Heroes was presented a trophy along with a cash prize of Rs 5 lakh.
The Real Heroes all represent an inspirational story of selfless service, these range from a mechanic in Jharkhand who has set up an orphanage with his own meager resources to provide education, food and shelter to children who were left orphans due to polygamy or alcoholism to a person who has been fighting to preserve the environment over the past three decades. From a hockey coach who is on a mission to train players free of cost to an 80 year old gynecologist who is fighting to rehabilitate mentally challenged women and provide them vocational training so they can be financially independent, and many more who have dared to stand up for the betterment of the society were awarded as the Real Heroes. Speaking on the initiative on behalf of Reliance Industries, Nita Ambani, President of the Dhirubhai Ambani Foundation said, “I feel proud today – proud to be an Indian. I also feel proud of the ‘Indianness’ today. ‘Indianness’ that puts compassion, kindness and empathy before everything else. We salute the benevolence of these extraordinary people. They embody the purity of the human spirit.They may not have received the spotlight of publicity but their actions radiate the sunlight of generosity. Each of these stories is a font of inspiration. My Real Heroes friends you are our crusaders of hope. Thank you for this.”

Finally to conclude the sitting, Rajdeep Sardesai, Editor-in-Chief, IBN18 Network added, “Each one of these real heroes has performed extraordinary deeds to promote the welfare of their fellow citizens and society as a whole. Their path wasn’t easy and they have battled tremendous odds ranging from personal tragedy to social opposition and financial constraints. Yet the flame to make a positive impact has continued to burn bright and they have truly been the instruments of change. I would like to thank all our distinguished guests for their presence here in support of the Real Heroes of our nation”.

Reliance Industries Limited India’s largest private sector enterprise in partnership with IBN18 honored 24 Real Heroes of India. Real Heroes is a movement to acknowledge the unsung champions of the common man who strove tirelessly to promote the welfare of others. These Real Heroes were shortlisted by the editorial team of CNN-IBN, and they were spread across six categories including, Women Welfare, Social Welfare, Health and Disability, Youth, Education and Children & Sports. The ceremony was attended by luminaries including CMD of Reliance Group Industries, Mr. Mukesh Ambani, his wife, Mrs. Nita Ambani, Sachin Tendulkar, Aamir Khan, Yash Chopra and other eminent personalities applauded the heroes who through their extraordinary work have made a difference. Each of the Real Heroes was presented a trophy along with a cash prize of Rs 5 lakh.
The Real Heroes all represent an inspirational story of selfless service, these range from a mechanic in Jharkhand who has set up an orphanage with his own meager resources to provide education, food and shelter to children who were left orphans due to polygamy or alcoholism to a person who has been fighting to preserve the environment over the past three decades. From a hockey coach who is on a mission to train players free of cost to an 80 year old gynecologist who is fighting to rehabilitate mentally challenged women and provide them vocational training so they can be financially independent, and many more who have dared to stand up for the betterment of the society were awarded as the Real Heroes. Speaking on the initiative on behalf of Reliance Industries, Nita Ambani, President of the Dhirubhai Ambani Foundation said, “I feel proud today – proud to be an Indian. I also feel proud of the ‘Indianness’ today. ‘Indianness’ that puts compassion, kindness and empathy before everything else. We salute the benevolence of these extraordinary people. They embody the purity of the human spirit.They may not have received the spotlight of publicity but their actions radiate the sunlight of generosity. Each of these stories is a font of inspiration. My Real Heroes friends you are our crusaders of hope. Thank you for this.”

Finally to conclude the sitting, Rajdeep Sardesai, Editor-in-Chief, IBN18 Network added, “Each one of these real heroes has performed extraordinary deeds to promote the welfare of their fellow citizens and society as a whole. Their path wasn’t easy and they have battled tremendous odds ranging from personal tragedy to social opposition and financial constraints. Yet the flame to make a positive impact has continued to burn bright and they have truly been the instruments of change. I would like to thank all our distinguished guests for their presence here in support of the Real Heroes of our nation”.

Mukesh Ambani-led Reliance Industries has been ranked second in the list of world’s 10 biggest ’sustainable value creators’ — companies that have been successful in creating the most shareholder value over the last decade — prepared by Boston Consulting Group.

The list compiled by the global management consulting firm names Brazil-based mining and materials giant Vale as the top value creator worldwide for the 2000-2009 period.

“One side effect of the Great Recession has been to accelerate the ascent of companies from rapidly developing economies to the top ranks of the world’s creators of shareholder value,” BCG said in the report titled ‘Threading the Needle: Value Creation in a Low-Growth Economy’.

The ranking identifies large global companies with a market capitalisation of at least 35 billion dollars that have been the “most successful at sustaining superior value creation over 10 years.”

BCG says a decade is the minimum time frame necessary to evaluate the staying power of a company’s value creation performance.

The report has also listed companies industry-wise for creating the most value for their shareholders from 2005 to 2009. Starting from a database of more than 4,000 companies worldwide, the report presents detailed analyses of the Total Shareholder Return (TSR) at 712 companies across 14 major industries for the five-year period.

Of the top 142 companies included in this year’s global and industry rankings, 81 are located in developing economies. In a further indication of how emerging economies are pulling ahead of developed countries, the top 10 value creators in the 712-company sample are all from Asia —- five companies listed on stock exchanges in China, two in Hong Kong, and one each in India, Indonesia, and South Korea.

Similarly, seven of the top ten large-cap value creators (those with market valuations of more than USD 35 billion) are listed on stock exchanges in rapidly developing economies of Brazil, Hong Kong, India, Mexico and South Korea.

“Most developing economies are rebounding relatively quickly to their precrisis growth levels. In contrast, developed economies are entering an extended period of below-average growth with profound implications for how companies create value and which companies come out on top,” report co-author Daniel Stelter said.

http://timesofindia.indiatimes.com/business/india-business/RIL-second-among-worlds-largest-value-creators/articleshow/6524161.cms

Reliance Trends, the Apparel, Luggage and Accessories specialty format of Reliance Retail kicks off its ‘Play India’ – Sportswear festival across all its stores. To mark the Sportswear festival, Reliance Trends has announced the launch of its new private brand, ‘Performax’ – A sportswear brand with performance enhancing fabrics at prices which are unbelievable and unheard of in this industry. The Sportswear festival that kick starts today will go on till September 23, 2010 offering customers unbelievable offers across its newly launched brand, ‘Performax’ and also the existing active wear brand, ‘Team Spirit’.
While brand ‘Performax’ caters to those who play sports and take it seriously, the brand ‘Team Spirit’ is for the enthusiasts who are more of watchers than performers. Performax is powered with the latest technologies such as Quick Dry, Fly Weight, Zonal Venting, Compression and Reflective. It has a huge range for different sporting and training needs ranging from Training, Running, Tennis, Football, Basket Ball and Cricket. It also offers accessories such as Caps, Ergonomic Socks, Wristbands, Headbands and Gym Sling bags.
Speaking on this occasion, Arun Sirdeshmukh, Chief Executive, Reliance Trends said, “Reliance Trends is a ‘Fashion at great value’ store that offers the latest fashion and high quality products at a very affordable price. With the launch of ‘Performax’ we have reiterated our leadership position in the fashion and value segment. Performax offers customers a wide choice of sportswear range with cutting edge technology and style at an unbelievable price. Many upcoming sportsmen cannot afford an international sports wear brand. But now with Performax, we have made it even more accessible, offering the same technology and style.”
Besides great offers, as part of the Play India festival, Reliance Trends is reaching out to corporate world in Bangalore, Hyderabad, Mumbai and Delhi to promote healthy lifestyle with the ‘Fastest Cyclist’ contest. Winners will take home gift vouchers from Reliance Trends.

India’s top corporate leader, Mukesh Ambani, who heads the country’s most valued firm, RIL, feels that the nation should go beyond mere lip service on financial inclusion and create millions of jobs for growth. Mukesh Ambani was awarded the NDTV Profit business leadership award which was presented to him by Finance Minister Pranab Mukherjee.
“Inclusion and all that is what I call lip service and we need some concrete action and make sure we create enough learning opportunities for 10 to 15 million people and at the end of the day, we need equitable growth,” Mr. Ambani said after receiving the NDTV Profit business leadership award.

Asked if the appeal by American business leader Bill Gates and 25 other billionaires there to donate half their wealth to charity was a gimmick or an example to be followed, Ambani said that circumstances in India were different.
“Within India, most of the people still do not realize that all the wealth that gets published only has paper value”, he said. “I have always believed that these shares are not to be sold. The whole objective is to build an institution that is timeless and that was my motivation, my commitment to my father.” Said Mukesh Ambani.
In a nostalgic mood, Ambani recalled that his father Dhirubhai Ambani had introduced him to Pranab Mukherjee in 1980, then also Finance Minister.
At that time, Ambani said, Mukherjee had told him: “Mukesh, your father has worked very hard to build a foundation. You now have to work hard to build one of the best companies in India.

“And I (Mukesh Ambani) think thirty years from then, the satisfaction that I have is that we have built an institution… So that’s really satisfying.”
In a lighter vein, he said: “I am sure the Finance Minister will not get ideas of inheritance tax. That is the main reason that most people in the US give.” Mukesh Ambani received his award from Mukherjee, an NDTV statement said today.

Mr. Ambani, however, added that at an individual level, he would relate to the appeal and even in this part of the world, industrialists would need to give.
Hence with the entire hullabaloo over the wealth of the great man, it was he who was again humble enough to hear the plea of the people and then in a way promise to guide them to a much more secure future than just a placebo of wealth which would prove to be just a rainbow in the dark.

Reliance Industries (RIL), operator of the world’s largest refining complex, bought around 3 million barrels of spot Brazilian crude to arrive in India in the next two months, industry sources said on Friday.

The move was made possible by weaker US crude prices versus European benchmark and lower freight rates, traders said.RIL bought from Petrobras a Very Large Crude Carrier (VLCC) of Roncador Heavy and Albacora crudes to be loaded this month and a Suezmax of October-loading Marlin, a trade source said.
Petrobras has provisionally booked VLCC Olivia to load crude in Brazil on September 28 and head for the Indian west coast at a freight rate of W47.5, a shipping fixture from brokerage Clarksons showed.

RIL has also booked VLCC Vega Star to load crude in the Caribbean on September 30 at a freight rate of $2.7 million.

US crude futures have fallen below ICE Brent with the front month differential between the two grades at its widest level since late May, making South American crudes more affordable to Asian refiners.

Crude oil freight rates on major routes were also mostly lower this week due to growing vessel availability.

More Brazilian crudes are flowing into Asia as Chinese and Indian refiners diversify their crude supplies.

RIL’s purchase of Brazilian crudes jumped to 43,060 barrels per day (bpd) last year, up from 2,760 bpd in 2008.

The company operates two refineries with a total capacity of 1.24 million bpd in Jamnagar.

RIL last bought in April a VLCC of Brazilian crudes from Petrobras for June delivery, the source said.

Rising supplies from Canada and the Bakken oil shale may continue to put downward pressure on the front month spread until “the peak in refinery maintenance passes in six to eight weeks’ time”, JPMorgan analysts said in a September 1 note.

“We retain a cautious view on the WTI-Brent differential in light of the structural supply pressures that we see building at the Cushing delivery point,” the analysts said.Reliance Indstries Limited, Mukesh Ambani Reliance, Mukesh Ambani, RIL

Reliance is an array of potential leaders just waiting to emerge the cocoon they are growing consistently in. The latest in news is none other than the ever so graceful Nita Ambani.
Reliance Industries is likely to nominate Nita Ambani, the wife of RIL owner Mukesh Ambani to the board of luxury Hotel Company EIH. RIL, which bought a 14% stake in EIH — that runs the Oberoi and Trident chains — will nominate Mrs. Ambani, the wife of chairman Mukesh, because she is closely involved with the company’s increased focus on services, which account for more than 50% of India’s GDP.
The Journey of Mrs. Ambani up the business ladder has been quite gradual. She had married young (at 21), had three children, and was initially fully occupied with taking care of them and her in-laws, and supporting Mukesh. She did find time to do a teacher’s training program and pursue a course in interior design. She even briefly worked as a school teacher at Sunrise Elementary, a small private school on Mumbai’s Napean Sea Road, a job she enjoyed thoroughly.
Being a fashion designer, Nita Ambani bestowed upon herself the job of designing the interiors of their own newest home, a job she excelled at eventually, much to the glee of her entire family.
Soon enough, Mrs. Ambani was being trusted with the supervision of large and complex projects. A few years later, the refinery at Jamnagar was initiated, and Nita was to handle the execution of the township.
Her foray into public life began when she set up a school at Mumbai in 2003. Her school, ‘The Dhirubhai Ambani International School’, located near Bandra Kurla Complex in Mumbai has become a prominent fixture of Mumbai’s education landscape.
Hence, it is not surprising that Nita Ambani may be chosen to represent RIL on the EIH board. Mrs. Ambani is not a rookie in the game. While she is modest when she says that most of her businesses are not main stream, large amount of investments are involved in all her endeavors, which she has managed with ease.
Also, the enormity of her ventures cannot be overlooked. Nita Ambani runs a significant enterprise with myriad activities. Most things she runs directly, like the hospital and the school are not technically businesses, but they are vast and complex organizations nonetheless, employing hundreds of people which lead Nita Ambani to supervise an amount close Rs 750 Crore in revenues and over Rs 1,000 Crore in annual investment budgets.

Her managerial skills were thoroughly tested during her stewardship of Mumbai Indians, a team which participates in the Indian Premier League. Mumbai Indians did poorly in the first and second IPL tournaments but the team led by Sachin Tendulkar staged a comeback to emerge as the runner-up during the 2010 edition.
Hence, with the kind of successful campaigns that Nita Ambani has run in the past, the positive impact and emotional connect she brings to the brand ‘Reliance’, there can be no better leader than her to guide RIL through their journey on the hospitality front.

Reliance Industries has notched a fourth successive gas discovery in the KG-DWN-2003/1 (D3) exploration block in India’s Krishna Godavari basin off eastern India.

According to partner Hardy Oil & Gas, well KGV-D3-W1 was drilled to a measured TD of 3,501 m (11,486 ft) at a water depth of 1,653 m (5,423 ft). It encountered a gross gas pay zone of 37.5m (123 ft) in Pliocene sands. The potential of the pay was evaluated by a wire-line modular pressure testing tool and via collection of gas samples. The partners are currently assessing the commerciality of the discovery dubbed Dhirubhai-52.

The D3 license covers an area of around 3,288 sq km (1,269 sq mi).

Hardy Chief Executive Yogeshwar Sharma said: “Four successive discoveries highlight the significant prospectivity of this extensive exploration block. The Krishna Godavari basin is an emerging world class basin for India. Further exploration drilling is planned in this area and we look forward to continuing to participate in unlocking of the basin’s exceptional energy potential.