Posted on: 03-03-07 16:54:31
After the Mittals, TATA's, Birlas now it is the turn of the Ambani's.
The market is hot with rumour that RIL is in the global market with the following plans:
1.Take over of an US refinery with the future plan of becoming the world's largest petroleum refinery company.
2.Acquisition of Dow Chemicals, USA and/or some of the Dow's businesses in Asia.
3.Take over of the Innova petrochemicals in Europe the worlds largest manufacturers of Polypropylene and other polyolefins.
More news will be available in the coming months !.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
What is the big deal?
Shankaracharya - you have referred to these as \" rumours\". Given that, what is th purpose of mentioning it here. Besides, does it impact anyone here at CD that reliance is on a takeover spree?
Certainly there are more issues relevant to our life here?
Or maybe, I am wrong, after all!
More information on Mukesh Ambanis wealth as per The Weekly Voice page A-16, dated March 3 2007, Saturday.
The Market capitalization of RIL is nearly $50 Billion Dollars and that of Mukesh is $23.12 Billion making him the richest Indian surpassing Lakshmi Mittal at $21.44 Billion.
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Incidentally the gas prices for the basic gas is CDN $1 + since February 15, 2007. This is followed by petrol stands running out of gas or even rationing gas for its customer with a limit of 75 liters. I feel like I'm in Kandahar or Kabul and not in an advanced country like Canada. This is all due to a single fire in a refinery in Sarnia. The government set up an observation committee to see whether there was price gauging by the petroleum companies. The price is still up and a single fire can cripple the oil prices while there is no initiative by any company or the government to set up another refinery as back up when Alberta is floating on oil. This price increase is happening at a time when the prices should be lower and as we are all aware the prices would shoot up in Summer due to increase in consumption.
Yes there is more relevance about the news above to Canada and the CD's as it shows the long term vision of an Indian while neither the Canadian government both provincial nor the federal has shown any initiative to solve the problems for the locals in place of announcing a $200 Million dollar relief for a far away place like Afghanistan. I would have been proud if some of us would have called our local MPP and protested this artificial price increase.
May be I'm still a capitalist while many of us have become more socialistic in thoughts after reaching the refugee land.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
Quote:
Originally posted by shankaracharya
Incidentally the gas prices for the basic gas is CDN $1 + since February 15, 2007. This is followed by petrol stands running out of gas or even rationing gas for its customer with a limit of 75 liters. I feel like I'm in Kandahar or Kabul and not in an advanced country like Canada. This is all due to a single fire in a refinery in Sarnia.
You will call it Conspiracy - but that Fire happened in middle of CN Rail Strike. Only if you had at least your one eye on Local News.
Quote:
Originally posted by shankaracharya
I would have been proud if some of us would have called our local MPP and protested this artificial price increase.
Bapu kuchh bolke gaye the - if you dont recall ...
"You must be the Change You Wish to See in the World."
Quote:
Originally posted by shankaracharya
May be I'm still a capitalist while many of us have become more socialistic in thoughts after reaching the refugee land.
After seeing all your Previous Posted Link(not just Link but whole Article) ... What are you still Doing here in Canada?
What an Irony ... An Indian - paying Taxes in Canada & Saluting United States !!!
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Mumbai Maazi Ladki ...
TATA Steel acquired Corus to become the largest business house of India in terms of Global Turnover. RIL will show intentions of acquiring business to increase Global wealth and kick in points.
Time to buy shares of Company RIL is looking at to acquire.......
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