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 Reliance Industries, which for some time was the number one company in terms of market cap, has been replaced by TCS.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.
20 YEARS AGO
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.
5 YEARS AGO
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. «