Flash Back 30 YEARS AGO The man behind the legend

Even his close friends confess today that they could never have dreamed that Dhirubhai Ambani would scale great lengths to create corporate history and become a legend in his own lifetime. In fact, many predicted that Reliance was a bubble and would burst any time.

EESS Lots of events have unfolded since then. Dhirub­hai Ambani passed away on 6 July 2002. In 2005,

Mukesh and Anil split ways, with Mukesh getting the business India, main Reliance industries, into which Reliance Retro- *            3°

leum had merged. Anil took over the telecommunica-           I 700

tions, finance and power business. Reliance Industries has now entered the telecom business and is set to launch Reliance jio. Reliance Industries, which for some time was the number one company in terms of market cap, has been replaced by TCS. And, its price too has remained relatively flat for some time now. Anil’s companies haven’t fared well either on the bourses. His public offering of Reliance Power in 2008 has left many investors bitter.


Hospitable entry

The spadework for the entry of hospitality giant Carl­son is being done by Rajan jetley’s consultancy firm.

Jetley was formerly managing director, Air India. Carl­son, the world’s largest hospitality and travel com­pany and one of America’s largest privately owned corporations, has been keen on India for some time.

Its three Radisson hotels are being planned in Delhi,

Calcutta and Madras. According to jetley, there’s a definite market for upmarket hotels of the Radisson type and hoteliers cannot afford to ignore such an evident opportunity in the middle segment. Country Inns, therefore, will cater to the growing class of value-conscious customers. SHS Today, Carlson has 117 Carlson Rezidor hotels in operation and is the big­gest hotel operator in India. Its rivals, ITC and Indian Hotels, have over 100 and 93 hotels, respectively, in India. Carlson’s brand portfolio in India now includes the Radisson Blu, Radisson, Park Plaza, Park Inn by Radisson and Country Inns & Suites.


An emerging star

Today, Idea Cellular is one of the fastest growing telecom companies in the country, with a growing market share. And, it is much stronger than what it thought it could be. Considered a laggard just a few years ago, it is currently enjoying a market capitalisation of 723,500 crore. In terms of market share, it is ranked third among the telecom compa­nies – after Bharti and Vodafone.

SEQ Currently, Idea Cellular commands a market cap oft59,748 crore. It has the highest market cap in the Aditya Birla group and is still the number three player, with 155 million subscribers. It had 67 million subscribers in 2010.

In yet another ‘first’,

Audi, the German lux­ury car manufacturer last fortnight introduced the Audi its 6 Avant, the first sportscar with an Avant body style. The power­ful Audi RS 6 Avant was unveiled by Joe King, head, Audi India and crick­eter Virat Kohli. Priced at fl,35,00,750 (ex-showroom New Delhi and Mumbai), the Audi RS 6 Avant is avail­able at all Audi dealerships across India. “Ground­breaking performance and supreme dynamism combined with excellent suitability for everyday use are the Impressive features of the Audi

RS 6 Avant. Embodying our philosophy of ‘Vorsprung durch Technik’, the Audi RS 6 Avant is the first sportscar in India

with an Avant body style,” said King. “Having set the trend of many firsts with the launch of the first com­pact luxury sedan in India – the Audi A3, first compact luxury open top convert­ible – the Audi A3 Cabriolet, India’s first production car with laser high beam light­ing – the limited edition Audi R8 LMX and the intro­duction of the Matrix LED headlights with the Audi A8 L, we believe it’s about time to Introduce the Avant to luxury connoisseurs in the country,” he added. With its low, flowing roofline, the Audi RS 6 Avant is a sure head turner from every angle.


Partnering with farmers and working with them to protect the land they ‘hold in trust for future gen­erations’ is BASF’s main role, says Markus Heldt, presi­dent of the €74-billion Ger­man major’s crop protection division. “The team in India will contribute to these goals by driving the development of new active ingredients, new formulations, and tech­nologies,” according to Heldt, who inaugurated the compa­ny’s new R&D centre in Pune last fortnight. Adds Raman Ramachandran, chairman & managing director, BASF India: “Raising agriculture


A report on the Indian water industry, brought out in the ‘EverythingAbout- Water’ expo held in Mumbai (conducted by Everything- AboutWater, a consulting firm in water sector), analyses the water supply and demand trends, and finds India to be a water-scarce country with an productivity to meet the increasing demand for qual­ity and quantity of food, is one of the most important challenges facing India. We aim to actively look into both local and global topics and imbalance in demand & sup­ply. “It also indicated a huge opportunities across the spec­trum in infrastructure devel­opment for water supply and wastewater management,” explains H. Subramaniam, COO, EA Water Pvt Ltd. “The Industry is creating a $13 billion market oppor­tunity and growing at over 10 per cent per annum. The industrial market is going to be the big opportunity till 2020, with growth in waste- water recycling and Industrial water treatment Countries like India, Mexico, China and Brazil use maximum water for agriculture, unlike the western countries, which develop effective and sustain­able solutions to help farm­ers to solve their challenges and improve food output.” The new centre will focus on global agricultural research on herbicides, fungicides, and insecticides, as well as on solutions that go beyond classical crop protection. It will also investigate scenar­ios that are unique to the country, like specific Weeds and pests, as well as climate stresses like drought, flood cycles and heat stress. It aims to help farmers make better decisions and improve pro­ductivity during the entire cultivation cycle.           *

uses 70-75 per cent water for industrial needs”. Industrial water use in India is about 40 billion cubic metres (bcm). Annual waste water discharge from industry is 30.7 bcm. Water demand for indus­trial and energy usage is pro­jected to increase to 191 bcm by 2025. Pollution control board norms for all manufac­turing industries are planned to become more rigorous and enforcement would become stricter, due to higher pub­lic scrutiny. “The water sec­tor is a sunrise opportunity in India, and is likely to see significant investment in the next five years,” concludes Subramaniam.       «

CMS Info Systems, a cash management and pay­ments solution company, has signed a deal with the Depart­ment of Post (DoP) to person­alise over 15 million RuPay enabled debit cards for India Post savings account holders. The deal, valued at ?30 crore, is estimated to be completed in the next three years. The DoP at present covers a base of approximately 100 million account holders in India, and is in the midst of a phased deployment of ATMs across the country, to serve better their customers. “We expect this to benefit people using teller facilities at the DoP branches, as they can now begin to use these cards for more conve­nient cash withdrawals,” says Mokam Singh Matta, head – card business, CMS Info Sys­tems. The personalised debit cards for DoP will be issued on the National Payment Corpo­ration of India platform and their usage would initially be restricted to ATMs installed at DoP branches only. «

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