Entries Categorized as 'Finance'

Mukesh Ambani to set up Reliance University

Date January 27, 2010

Mukesh Ambani, the CMD of Reliance Industries Ltd, was honored by the inaugural Dean’s Medal from the University of Pennsylvania on January 8, 2010. The honor was bestowed upon the leading CEO of India by the Dean of the School of Engineering and Applied Science, Eduardo Glandt. The award was presented in an evening ceremony held at the Trident Hotel in Mumbai, amidst eminent industrialists and celebrities, which included the likes of Kumaramangalam Birla, Anand Mahindra and Sachin Tendulkar. Mukesh Ambani was honored by the medal due to his “visionary leadership” in the application of engineering and technology for the betterment of mankind.

In his acceptance speech, Mukesh Ambani mentioned the latest undertaking by the Reliance Foundation – the Reliance University. Mukesh Ambani announced that the ‘world-class’ university would be set up under the supervision of his wife, Mrs. Nita Ambani. He went on to express the fact that there was a “requirement for a global paradigm shift to include a focus on real engineering instead of financial engineering in light of the recent economic crisis”. The university would be situated either outside Delhi or Mumbai, for which the process of identifying land has already been initiated. The university by the Reliance Group would seek to promote education and research in sectors that would range from liberal arts to technology.

According to Mukesh Ambani, though the university would be international in scale and best practices, it would have an “Indian soul”. The university would have tie-ups with various international universities and would be designed on the lines of American universities such as The University of Pennsylvania. It would initially offer undergraduate courses and later progress to postgraduate and doctoral courses. Dhirubhai Ambani too had been conferred by a Dean’s medal, though from the Wharton School of Management.

Trianz for a better financial future

Date January 26, 2010


We all know one thing that unless we have well a financial base, we cannot dream of good future. In order to gain this strong financial base, we start with some business and other things, but in time to come we find that pretty ordinary than the others. There could be several reasons for it, but the solution for it could be the Trianz. Yes, trianz understand all your problem and trouble and then lend you the advice that what should be done next. If possible, Trianz can also make arrangement for the funds for you. This does not mean that you become the owner of these funds and do whatever you want with it. No it is not like that, you need to repay it in time to come. If you will work on the guidelines of the Trianz then there is no reason which holds you from making handsome income monthly. People are earning it, you can check them out, then why not you. Just think for a moment and then decide. Thinking before taking a decision will always keep you on the safe side.

Hurry payday loan

Date January 23, 2010


Paying those loans off over the course of a year is much simpler and makes a lot more sense. Payday loan are money advance offers you can receive on your next paycheck. The check cashing service is so fast and easy that one can receive the loan before the successive working day. There are often times when we are short on finances and are anxiously awaiting the next pay-day. You ll get to hang around for a very short while before acquiring that very valuable fund. If you apply at this point, you can get the funds within minutes. Most lending organizations would need that you are now.

Cash Advance Requisites

Date January 23, 2010


Usually, only individuals with valid checking bank account could request for and get approved for a cash advance. However that is not a prerequisite now. Even so, give yourself an opportunity to get payday loans online since they are a lot more affordable and effective than you might think. With this powerful resource, you can immediately check the various providers Payday Loan. However, you still want to be able to look for the best direct payday loan lender. Most of the lenders are primarily operating online with their websites acting as a mediator between lenders and consumers. Please click the above link for more information.

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

Date January 8, 2010


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.

Reliance Industries outraged with YSR helicopter crash accusations

Date January 8, 2010


Reliance Industries Ltd., today in a statement said, “We are shocked and outraged at the false, malicious, motivated and libelous news on TV5 channel concerning the fatal mishap of Shri Y. S. Rajasekhara Reddy’s helicopter. We condemn, rebut and reject the allegation with the contempt it deserves. It is the dirty handiwork of our business rivals in cohoots with TV5.”

The statement followed the accusations made by TV5 that allege RIL’s involvement with the helicopter crash of Y. S. Rajasekhara Reddy. The accusations were made by the channel citing an unsubstantiated news report from a little known website.

Following the allegations by TV5, a couple of other Telugu news channels aired the same report. The repercussion of the allegations were seen when irate Congress workers went on a rampage of damaging retail outlets of Reliance in Andhra Pradesh.

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

What a debt consolidation program can’t do for you

Date January 4, 2010


What Consolidation Can not Do

It can’t pay the duties for you or make your debts disappear completely. Too bad! If you use the services of debt consolidation, you still have these payments on time and keep the creditors happy while you get out of debt.

There are several things to consider consolidation. One of them is that the reduction in interest rates means a longer repayment period. It is important to consider: Is it worth it to pay off the debt for a longer period of time, but have a lower payment? For the most part it is. If you are only one or two years of freedom from debt, it’s usually worth it to reduce the monthly burden and traction for a few years and after that period you will be debt free.

Another problem is that debt consolidation services can damage the credit rating. For most of us in serious debt, we’re not so worried about this more. Everything helps! However, if you’re concerned about credit, it’s something to think about. You can always refer to the debt consolidation services company in advance if there will be no adverse effects.

Debt consolidation service is just what you need, if you’re the eyeball into debt. They can help to put it in one place, make a payment and easier to negotiate with creditors.

Where can you Apply for a Guaranteed Payday Loan?

Date November 10, 2009

In a world where hectic schedules and limited paychecks are a reality, it is sometimes necessary to have extra cash to pay for an unexpected bill or even to pay for a family vacation. People have the tendency to run to their relatives and friends before they try to get in touch with any lending companies. A guaranteed payday loan is just a small loan that you can apply for so why even risk being embarrassed in front of all these people that you care for?
Where Should You Start?
The Internet is the best place that you could start searching for any information on payday loans. There are hundreds of online lending companies to choose from. A guaranteed payday loan is a type of loan that gets quickly approved. It is also a guaranteed loan because anyone can apply for it—even those with bad credit.
People with bad credit ratings would not have any trouble in applying for a payday loan. The lenders for this type of loan do not require credit checks from their borrowers. Unlike banks or traditional lending companies, payday loan companies provide the following benefits:
• Anyone can get approved for the loan (bad credit will not be an issue)
• Approval is guaranteed
• No collateral is required
• There is no paperwork as everything can be processed online (often referred to as faxless loan application)

• Anyone who is presently employed and who has a steady source of income can apply

• No credit checks (people who have been bankrupt, with delayed payments, bad credit history, and arrears can apply)

The Loan Procedure
Anyone who would like to borrow money will fill out a form and send this form online. Verification for the information that was given would only take minutes for most payday loan companies. The verification process is a lot different from credit checks as it only takes a few minutes and it is only done to verify your identity. Other than to prove the authenticity of the information that you have submitted, there is nothing more that a lender should want from you.
Approval and release of the guaranteed payday loan could take only a few hours to a maximum of 72 hours. Once the loan has been approved, you will be able to withdraw the money from your savings or checking account. The repayment date is usually your next payday or anywhere from 14-30 days. The repayment amount should be the loan amount plus interest and fees.
The best part about this type of loan it that it can give you immediate cash just when you exactly need it. Also, most banks would reject people who have bad credit yet with online cash advance , approval is hassle-free and 100% guaranteed.
If you want to look for discount on interest rates, most of the lenders would be more than happy to offer it you (especially for new loan applicants). These companies would extend all the help that you can get during financial crises this is why you must take advantage of all the benefits that they offer.

Knowing mortgage leads

Date September 28, 2009

There are lots of things which you should take a deeper look at and things like customer satisfaction that the mortgage lead companies were able to provide to their customers in the past. Not only from the business point of view but also from the deportment of the staffs of the mortgage lead companies play a major role in attracting the customers. There are some mortgage leads which will show greater promise on the outset but actually it may have a bad deal in the inside, so it’s good to know what is good for you rather than trying to get a big deal done. Normally the mortgage leads provider, says a company, will demand a service charge for their work and it shall not go beyond twelve to thirteen percent of the total value of the mortgage. The company which is providing you the mortgage leads is the one which acts like a contact path to the mortgage lender. He will have all the details about mortgage lender. To put it in a nut shell, the mortgage lead provider acts an intermediary for the mortgage lender and mortgage buyer. It is good to do a sound research about the mortgage lead provider before striking a deal with him.

Factors affecting when to settle credit card debt

Date August 21, 2009

There are number of factors that affect the selection of the best time to consolidate credit cards. It will be greatly helpful if the person is proper knowledge about the various issues that are associated with that of the credit card debts. The various debts that are linked with the credit cards have to be calculated and the average of all the interest rates should be taken. If the new interest rate is lesser than that of the old interest rate, then it is better to select this type of the service. If it is greater than the old interest rate then it is no favorable to opt for the consolidation of the credit cards. Hence this solution will be the best answer to the when to settle credit card debt question. Currently there are many debt help services that will be offering the useful provisions and the service required to help them eliminate the debts if not reduce it to a considerable extent. Sincere effort and proper negotiations have to be done n order to achieve high level of the debt reduction. The person also has to relieve all the information to get the best help in most suitable manner.