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Chirag

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Everything posted by Chirag

  1. Hidden RIM URLs

    Not yet
  2. Hidden RIM URLs

    RIM SMS Website
  3. BIRTHDAY WISHES!

    Happy Birthday Guys
  4. Whats a good price for LG 6130

    In the Electronix market, prices of things that are old do drop and new devices would emerge with better things n good price tags! Its always bound to happen. U can jus wait for a week to see if there is any effect of VAT on the handsets by any chance or any New Handsets coming as were expected. Waiting 2-3 months is a pretty long time! Lots can happen in that!
  5. Gmail Drive

    Is the Gmail Shell Drive App avl anywhere?
  6. R World Charged From 1st April

    Jus today I had been to the Santacruz CCC as stated in another post. I raised this issue abt DAPO subscribers being charged for R-World Content. This dude comes up with a very whacky reasoning. He goes "Sir RIM has to pay VAT on the R-World content and hence it cannot remain free!". I jus rubished him then n there! Its not my concern how much RIM pays whom. I need what i had been given! Free Access to "complete" R-World. In the rush i forgot to register a Case Id! Can some DAPO subscriber follow up on this? Its getting hectic at my end with Exams closing in!
  7. The movie rocks! ENJOY!
  8. Whats a good price for LG 6130

    Dude... I've done this and i know what i am speaking! You shud know whom to listen to! Secret : That guy at the RWW doesn't know wht we do here 3HCC funda is a pretty old thing now
  9. Whats a good price for LG 6130

    The cost of the handset will be arnd 6k anywhere! RWW is obviously selling at MRP or wid their stupid schemes. Its useless buying it from there. What i had done was, i bought a Prepaid 6130 from a dealer and he got the Prepaid no and My no. swapped with the Blank handset that he had using the 3HCC funda! Now is that simple?
  10. Reliance "Ownership Issues"

    Ambani deal, the inside story! T Surendar & Indrajit Gupta | April 01, 2005 ]Rediff.com Saurabh Shukla couldn't help but notice the sudden closure of the green, blue and white Reliance Infocomm customer service centre last week. Like hundreds of executives who work out of the Kamla Mill Complex, a sprawling office complex in mid-town Mumbai, the 40-year-old advertising executive was familiar with the bustling service centre, where some of his colleagues paid their telephone bills even till last month. But all of a sudden, the centre has been shuttered and the 80-odd service agents who worked there have been shifted to another location in uptown Mumbai -- at just a two-week notice. Shukla may not know it, but there's a good reason for the hurry: the building where the centre was located belongs to Anand Jain. A trusted family friend, Jain was the person whom Reliance vice chairman Anil Ambani had targeted in his media campaign, accusing him of creating a rift between him and his brother, Reliance chairman Mukesh. This may be a small sideshow in the larger-than-life battle between the Ambani brothers. But yet again, it is evidence that a settlement between the two is now imminent. As Businessworld reported recently, Anil is all set to take charge of Reliance Infocomm. He has already begun sounding out senior telecom executives in the industry to be a part of his new-look team. But before the younger Ambani moves onto his brother's turf, a big clean-up exercise is on to quickly remove any embarrassing linkages. The closure of the Kamla Mill service centre is one such. For more than a month now, Mukesh's confidants, Manoj Modi and Anand Jain, have both vacated their second floor offices in 'I' Block at the Dhirubhai Ambani Knowledge Centre (DAKC) in Navi Mumbai and moved to the Reliance Industries headquarters in Maker Chamber IV. Even as the final settlement is awaited, there is now endless speculation on how the Ambanis will carve up the sprawling Rs 99,000-crore (Rs 990 billion) empire. It is certain that Mukesh will control the flagship Reliance Industries (RIL), while Anil gets to run Reliance Energy, Reliance Capital and also own Reliance Infocomm. But while the broad division of assets now seems somewhat clear, the intricate details of how the complex deal will be spun are still cloaked in secrecy. And that's the real story. After all, as they say, the devil's in the detail. Businessworld spoke to a range of Reliance employees, analysts, corporate lawyers and chartered accountants to piece together a sketch of how the complex deal can be struck. One finding that emerged straightaway from these detailed conversations is that a clear division of assets, as suggested in media reports (especially of the investments that RIL holds in Reliance Energy and Reliance Capital, or even a split in RIL) is ruled out. Instead, ICICI Bank CEO K V Kamath, who is advising the Ambani family, is likely to recommend a simple, transparent way -- as opposed to a strategic sale -- to define control and ownership for the two brothers. In other words, he will choose a path that will be easy for the Reliance group to sell to shareholders, regulators and the investing public at large. Before getting into how that can be done, let's explore the reasons why an actual division of assets is so tricky. One, the flagship Reliance Industries' competitive advantage comes from its vertically integrated structure. So, unless the synergies of upstream oil exploration and downstream petrochemicals business continue to exist, RIL's future is threatened. Besides, splitting RIL could seriously affect investor confidence in the Reliance group. "RIL is India's largest publicly listed company. They cannot split it according to their whims and fancies," asserts an equity analyst at a foreign broking house. Two, hiving off RIL's investments in two companies -- 43.68 per cent in Reliance Energy (REL) and 47.20 per cent in Reliance Capital (RCL) to Anil -- is equally difficult. Even the Reliance group companies issued a denial to that effect to the stock exchanges last week. The reason is simple: if RIL were to sell its stake in REL and RCL, at present valuations, the buyer would have to cough up nearly Rs 8,000 crore (Rs 80 billion) in cash to buy that stake. Further, according to the existing rules of the Securities and Exchange Board of India, the buyer would also have to make an open offer to buy a further 20 per cent stake in the two companies at an additional cost of Rs 4,000 crore (Rs 40 billion). Raising such large amounts of cash is out of the question. Even if the Ambanis were in a position to do so, it would immediately alert the taxman. That also explains why Mukesh cannot buy out Anil's stake in RIL, which would need similar amounts of cash. Finally, cutting off the umbilical cord that connects Reliance Energy to RIL could prove detrimental. Energy is a huge growth avenue for the group, but it would continue to require investment from RIL's huge cash flows. So how do you then carry out a separation that is equitable to both parties? Any division of the empire could be equitable if it is based on two important parameters: total free cash flows and market valuation. At nearly Rs 11,777 crore (Rs 117.77 billion) a year, RIL accounts for more than 70 per cent of the free cash flows of the group. It also contributes 86 per cent of the group's market valuation. Apart from the huge pitfalls involved in splitting Reliance Industries, there's one good reason why the Ambani family would be loath to give up ownership of their 34 per cent stake in RIL. Every year, RIL gives them a tax-free dividend of Rs 250 crore (Rs 2.5 billion). So far, the Ambani family's stake in Reliance is held through a web of over 400 investment companies, whose ownership is not clearly defined. As the head of the family, Mukesh Ambani exercises control over these companies and the dividend income goes into a family pool account from which expenses are drawn. The brothers have been withdrawing from the pool based on an unwritten understanding between them. As the brothers and their wives seek to run their families separately, Kamath is likely to propose that the ownership now be properly defined. That means splitting the family's stake proportionately, so that each of them receives his share of the dividend. Just as Businessworld had reported in its cover story, Showdown At Maker IV (10 January, 2005 ), the formula is likely to be 30:30:40. In other words, 30 per cent of the dividend will go to Mukesh, 30 per cent to Anil, and 40 per cent to their mother Kokilaben. Ten per cent of the mother's share could, in turn, be split between the two Ambani daughters. After her death, her 30 per cent share would be divided between Anil and Mukesh. But while ownership may rest with the family, Mukesh will be allowed full control of the family's stake. Anil and the rest of the family will sign away their voting rights in favour of Mukesh. At current market prices, Anil's 10.2 per cent stake in RIL would be worth about Rs 7,500 crore (Rs 75 billion). So what does Anil gain from the deal? How should he be compensated for giving up control of RIL? There are two possible approaches. As explained earlier, there is little scope to delink RIL's stake in REL and RCL. Instead, Anil is likely to be given full operational control of the companies that he has run in the past. According to insiders as well as merchant bankers, RIL will have a new holding structure: it will create a special purpose vehicle (SPV) in the form of a wholly owned subsidiary company, which will hold the investments in REL and RCL. As a representative of RIL, Anil will get to control the board of the SPV and run the two companies independently. To compensate Anil for relinquishing control of RIL, Mukesh will let go of his pet project, Reliance Infocomm. As an unlisted company, it is easier to transfer stake without regulators raising questions. Of course, inside DAKC, Infocomm employees are still coming to terms with Mukesh's decision to hand over control of his pet project. "Obviously, he has chosen his head over his heart," says a senior Reliance employee. Earlier, global investment bank Merrill Lynch had valued Infocomm at $13.7 billion (approximately Rs 58,000 crore). Even though Mukesh owns 45 per cent of Infocomm, it is believed that the stake was bought using the family's funds. Anil had contested that half of Mukesh's share should effectively belong to him. If Mukesh finally accepts that contention, he could hand over part of his own 22.5 per cent stake over and above Anil's 22.5 per cent to give his brother control of Reliance Infocomm. If Mukesh's full stake is transferred, it would mean that he pays a 'control premium' of Rs 13,500 crore (Rs 135 billion). Whatever be the final settlement, in the end, it will be small price to pay for bringing the curtain down on one of the most acrimonious family feuds in Indian corporate history. How the possible settlement will work Step 1: Split the Ambani family stake in RIL in the 30:30:40 ratio among the two brothers and Kokilaben. Anil Ambani to relinquish control to Mukesh, who gets full control of Reliance Industries' core oil and gas business. Step 2: Create a special purpose vehicle to house RIL's stake in Reliance Energy and Reliance Capital. Anil Ambani to continue heading the two firms. Step 3: In lieu of Anil giving up control in RIL, Mukesh Ambani transfers part of his 45% stake in Infocomm to Anil, who now gets to run the venture.
  11. R World Charged From 1st April

    Can some1 compose a letter to the CC which all DAPO users can jus shoot off to make some noise?
  12. R World Charged From 1st April

    I quite agree. coz with the DAPO, we surely had R-World free if not R-connect. But if u notice, almost all the applications that were formerly there during the DAPO offers being given, are under the Membership category which is FREE for DAPO. But let this thing resolve a bit, for us to decide on our action over this.
  13. All about LG 6130 - Camera Phone

    I dont know how u r using the MMS feature. For uploading ringtones, goto ur email service, Click on COMPOSE NEW MAIL, enter in the TO field as 9193xxxxxxxxxx@mms.ricmail.com(ur mobile no.) and attach a ringtone or wallpaper less than 100 kb, and send the mail... There it lands up in ur MMS Inbox of the Camera Menu! Hope this helps! Once its in the MMS Inbox and u can view and hear it, Click on Options, Save the SOUND, it'll be in ur MY MEDIA folder of Camera Menu, From the MY MEDIA folder, select the tone, and SET AS RINGTONE/WALLPAPER! U will now see the tone in the List of Ringtones in the Profiles Menu!
  14. R World Charged From 1st April

    Let there be a lil more clarity over this issue over a period of a week and we'll be in a better position to answer to things. As of now, MMS seems to be charged. Dunno if its the case with Native MMS or only MMS thru R-World! Lots of things go unanswered yet!
  15. All about LG 6130 - Camera Phone

    1.In profiles > Ring Tone > My Media Ringtone These tones are the ones u download using MMS Feature by sending a tone to ur own mobile phone. Check up the other threads on 6130 and u'll know more. 2. In the earlier LG model , when we press the # Key, it goes to LOCK MODE which we really useful. But that feature is MISSING. Is there anyother shortcut for LOCK MODE ? Check up SETTINGS > SECURITY > LOCK MODE If u r a frequent LOCK MODE user like me, u can put this LOCK MODE in the Shortcut Menu called MY MENU. Read up the manual to put shortcuts of frequently used features in the MY MENU! 3. Does anyone found COVER for the handset ? This handset is similar to quite a few SONY Erricsson handsets and hence those covers are quite handy for it!
  16. Yahoo Joins 1 Gb Bandwagon

    simple is in
  17. Whats a good price for LG 6130

    I got it in less than 6k! Push that dude a lil further and he'll lower the rate. I guess u went to a RWWExpress which is almost like a franchise to RWW. And hence they wud be ready to lower rates! 6k is a good rate for 6130!
  18. Is Samsung N191 Available ?

    I was never talking abt ur dealer. The one i mentioned is a completely different one, the ones which are refurbished and which are again out of stock but still avl with very few dealers.
  19. Is Samsung N191 Available ?

    Refurbished Samsung 191 handsets are available with quite a few dealers @ 1200-1600.
  20. SC stay on Infocomm penalty case March 28, 2005 13:07 IST Last Updated: March 28, 2005 13:17 IST Rediff.com The Supreme Court on Monday stayed proceedings before the Delhi High Court on a petition filed by Reliance Infocomm challenging BSNL's decision to impose a penalty of Rs 182.7 crore (Rs 1.82 billion) for alleged re-routing of international calls as local ones. The Court also issued notices to Reliance Infocomm and other respondents on the petition of BSNL challenging the High Court order stating that it will decide both the jurisdictional aspects and the merit of the petition together. BSNL had contended that the issue pertaining to re-routing of calls fell within the jurisdiction of the telecom dispute tribunal TDSAT and hence, the petition of Reliance should be transferred to the tribunal for adjudication. However, Reliance had said the High Court also had the jurisdiction to hear its petition challenging BSNL's decision to levy the penalty on it. Reliance Infocomm, headed by Mukesh Ambani, has so far paid Rs 294 crore (Rs 2.94 billion) to the two public sector telecom companies, BSNL and MTNL, as against the demand of Rs 504 crore (Rs 5.04 billion) for violation of Interconnect Usage Charge Agreement. Of this, over Rs 180 crore (Rs 1.8 billion) was paid by Reliance to BSNL on the direction of the Delhi High Court and the balance of about Rs 114 crore (Rs 1.14 billion) to MTNL. Besides this, Reliance has also paid Rs 150 crore (Rs 1.5 billion) to the government as penalty for violation of licensing conditions by routing international calls as local ones. Reliance had challenged in TDSAT, the deparment of telecommunication's decision to impose penalty. But after losing the case, the private telecom operator deposited Rs 150 crore earlier this month.
  21. All About Nokia 6585

    Merged! u must visit the Nokia service center and get the battery checked!
  22. All about LG 6130 - Camera Phone

    Whatever the email id that is displayed when u Email ur frnd via MMS!
  23. Reliance "Ownership Issues"

    Ambani brothers drop non-compete clause Palakunnathu G Mathai in Mumbai | March 28, 2005 08:57 IST Rediff.com The settlement of the dispute over the ownership of the Reliance group between Reliance Industries chairman and managing director Mukesh D Ambani and Reliance Industries vice-chairman and managing director Anil D Ambani is still three or four months away, but both sides seem to have dropped demands for a non-compete clause and have instead tacitly agreed that they will not enter each other's areas of business for five years. "Reliance Industries has gas and Mukesh Ambani may want to get into the power industry. Anil Ambani can bid for oilfields. This is not an issue," a source said. He said demands for a non-compete clause had been originally raised but were later dropped. Attempts to contact Reliance executives for comments on a Sunday proved futile. New mediators, too, have entered the picture. Two sources confirmed that the late Dhirubhai Ambani's sons-in-law, Duttaraj Salgaonkar and Shyam Kothari, were mediating in the dispute and trying to ensure a quick and fair resolution. "They're playing a very positive role," a source said. The Ambani brothers have not met. Nor are any other meetings being held. But ICICI CEO and managing director K V Kamath, too, was still involved in the matter, a knowledgeable source said. Anil Ambani's financial adviser Amitabh Jhunjhunwala is representing the younger Ambani's interests. Kamath is understood to have roped in JM Morgan Stanley chairman Nimesh Kampani to value the Reliance group's assets. The ICICI managing director is said to have suggested a partition of the Ambani family's holdings in Reliance Industries in a 30:30:40 ratio, with Dhirubhai Ambani's widow retaining 40 per cent of the family holdings. Mukesh Ambani would then buy his brother's 30 per cent stake. Anil Ambani seems to have demanded a premium for the shares in exchange for relinquishing management rights in Reliance Industries. He, in turn, would then use the money to buy out Reliance Industries holdings in Reliance Energy, Reliance Capital and Reliance Infocomm. The source also mentioned that a 50:50 ratio had been bandied about and that it was difficult to state which the correct formula suggested was. However, the valuation of Reliance Infocomm still remains a bone of contention, sources said. As has been widely reported, any settlement would probably leave Anil Ambani with Reliance Energy, Reliance Capital and Reliance Infocomm, which is currently run by Mukesh Ambani. The Reliance chairman would then be left with Reliance Industries and Indian Petrochemicals Corporation Ltd and Reliance Lifesciences. Reliance Infocomm had been offered to Anil Ambani around December 2004 but this was initially scoffed at. Only now is the younger Ambani said to be considering the offer in a more serious light. "Both brothers are faced with an emotional dilemma. Anil will have to quit Reliance Industries with which he has been involved for years. Mukesh will have to quit Reliance Infocomm, which he promoted, " the source pointed out.
  24. All about LG 6130 - Camera Phone

    If someone has sent u an MMS via R-World then i doubt if u'd be able to open it. The best way to send MMS to 6130 is to use the Email id of the phone. Ask ur frenz to send u MMS by typing the Email id. Then u might recieve it in ur MMS Inbox!
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