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deepu

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Everything posted by deepu

  1. 8-year-old Indian Boy Becomes...

    The photo is not there on Channelnewsasia.com
  2. Mp3pro

    Any idea which hardware mp3 players can also play mp3 pro..
  3. R World For Fwp/t & Data Cards

    Can some one provide the link to this on Reliance website
  4. Reliance "Ownership Issues"

    You can see the full coverage of Reliance ownership issue in rediff at this link http://www.rediff.com/money/ril04.htm I'm just a pro: Anil's e-mail to REL employees TIMES NEWS NETWORK[ MONDAY, NOVEMBER 29, 2004 01:55:49 AM] MUMBAI: Inspired by older brother’s e-mail to employees of Reliance Infocomm, Anil Ambani has shot off an e-mail message to over 25,000 employees of Reliance Energy group companies. The message tries to reach out emotionally to all the employees after the high-profile resignations of six REL directors. In his message, Anil Ambani said he doesn’t hold any personal stake in REL, and to that extent, he is just one of them — a “professional”. The promoters’ stake in REL, a little over 50% cumulatively, is held by three group companies: Reliance Power Ventures (35.51%), Reliance Industrial Investments & Holding (7.34%) and Reliance Capital (6.46%). In his message, Mr Ambani said Reliance Industries owns, directly or indirectly, around 50% of REL, domestic institutional investors hold 21%, FIIs another 21%, and the balance 8% is held by nearly 100,000 retail investors. “We have created tremendous value for each of them,” he said. Sources said the e-mail message is in response to the mass resignations by six directors on Thursday (November 25). On Sunday, a select few employees were called to send e-mails from REL’s headquarters in Santacruz, while Mr Ambani worked from his Reliance Centre office. The message has also been pasted on REL’s official website. REL sources said their chairman’s message attempts to achieve the poignant and realistic, in sharp contrast to his brother’s e-mail on November 23 to his employees, which revolved around legacy and control. “Like most of you, I too have no personal shareholding in Reliance Energy. I am here as a professional to serve the interests of all our stakeholders. For me, professionalism is a value system, a state of mind, and above all, a culture of respect for all,” the younger Ambani brother said in his message. “Reliance, Dhirubhai Ambani would often say, has been built on the foundation of relationship and trust. We have always endeavoured, as an organisation, to exemplify that principle in all our actions.” He said last Thursday, six directors of REL tendered their resignations to the board. “This development has left all of you with a sense of anguish and uncertainty. I fully understand and appreciate these concerns,” he said. The board of directors of REL is meeting in the next few days to consider these resignations. Meanwhile, Mr Ambani has requested each of the six directors to continue and carry out their assigned roles and responsibilities, as before. The message revolves around the employees and team spirit, which, Mr Ambani thinks, is the company’s greatest strength. “The opportunities and the challenges in the power sector are enormous. I am confident that together, we — each one of us — will work with commitment, dedication and devotion, to realise the vision and dreams of our beloved founder, Dhirubhai Ambani.” He has requested all employees to support him with their ‘valued inputs and comments.’ On Saturday, Anil Ambani visited Tirupati to pay obeisance at the Lord Venkateswara temple, accompanied by wife Tina and two sons. In the evening, he attended the ET Awards for Corporate Excellence, which was also attended by his brother Mukesh Ambani. In his email message, Anil Ambani said Reliance Energy is today India’s most valuable power sector company. For the past two years, it has ranked among the top 3 best performing sensex scrips , he said. “In our short journey of under two years, we have achieved growth, with profitability. The market capitalisation of REL has multiplied 3 times from Rs 3,000 crore to over Rs 10,000 crore, the profits have more than doubled from Rs 162 crore to Rs 367 crore and the net worth has gone up nearly 3 times from less than Rs 2,500 crore to Rs 6,200 crore.”
  5. Personally I do not know much about internet telephony softwares. But I found skype(www.skype.org) to be very usefull. Now I can speak to some of my friends in US through net. If you also know about any other similar software... post your experience..
  6. Reliance "Ownership Issues"

    Mukesh not to approach court ECONOMICTIMES.COM[ FRIDAY, NOVEMBER 26, 2004 05:59:18 PM] NEW DELHI: Reliance Industries chairman Mukesh Ambani has said that he will not explore legal options to solve ownership issues with his younger brother Anil Ambani, according to a private TV channel. The company's board is fully backing Mukesh Ambani as chairman and managing director of the RIL and has vested all authority in him, the channel quoted an RIL spokesman as having told its correspondent.
  7. Have you tried it over RConnect... is it usable through RConnect also? I use it from my office network during early morning before office hours. The voice clarity is really good. I have not used the pay and call thing. In our office there is IP phones for calling to US... But the voice clarity of skype was much better than that!!!!
  8. Lg 2030 Software

    Thank you for the tip Greens
  9. Reliance "Ownership Issues"

    'Reliance battle likely to intensify' IANS[ FRIDAY, NOVEMBER 26, 2004 12:40:29 PM] MUMBAI: The much talked about family feud over the control of Reliance Industries, India's largest industrial house, is set to turn into a full-fledged boardroom battle that may entail a revamp of the management. A day after six directors of a group company, Reliance Energy, submitted their resignations, experts say the possibility of a patch-up between the bickering Ambani brothers who control the mammoth Reliance empire seems remote at this stage. "The recent developments clearly show that the basic differences between the two brothers over the functioning of the company are much deeper than earlier anticipated," said a city-based corporate watcher. "I think it is now going to be a long-drawn battle, which will mostly be fought in the boardroom with both brothers trying to show their authority," the analyst, who didn't want to be named, told IANS. "You can't call it a normal practice when six directors quit a company together without giving any official reasons. This is an indication that things are going to get more complicated in the days ahead." Although Anil Ambani, who is locked in a feud with elder sibling Mukesh Ambani over the control of the $20-billion Reliance group, finally broke his silence late on Thursday, he refused to make any comment on the raging controversy. He didn't give any reason for the mass resignations from Reliance Energy, of which he is chairman and managing director, and said the board would consider these resignations at the appropriate time and take a decision. Sources say the six directors were considered close to Anil and the younger Ambani sibling planned their departure from the company to put the ball back in the court of his elder brother. Mukesh, 47, is chairman and managing director of the flagship Reliance Industries while Anil, 45, holds the vice-chairman's office. With the rift getting increasingly messier each day, legal experts say the battle may finally roll over to courtroom that may result in a split in the company with Rs.80,000 crore in annual sales. Meanwhile, investors continue to fret over the possibility of the company's performance being affected in the long term. The resignations Thursday wiped off Rs 2,452 crore in cumulative market capitalisation from the five listed group companies on the benchmark Bombay Stock Exchange. "Investors are gradually turning jittery about the whole episode. They are not sure how the entire controversy will play out in the days ahead," said Deepak Shah, an analyst with Pranav Securities. "Although the overall market sentiment is very bullish on sustained inflows of foreign funds, Reliance equities are putting significant negative pressure on the index," Shah told IANS. Reliance Industries accounts for significant weightage on the benchmark 30-share Bombay Stock Exchange sensitive index or Sensex and the movement in the company share prices is indicative of the overall market mood. Rumours of a rift between the two brothers, Mukesh and Anil, had been raging for the last few months. Things took a dramatic turn when CNBC last Thursday quoted Mukesh as admitting to having "ownership issues" with his younger brother. In an internal e-mail message to all the Reliance employees, Mukesh claimed on Tuesday he was the final authority on all company matters and that the ongoing ownership controversy would have no impact on its functioning.
  10. I agree with racoon... I have come across lots of cases where even adults misusing their camera phones...
  11. Reliance "Ownership Issues"

    Letter reveals reason for the Ambani feud MK VENU AND SANJEEV SHARMA TIMES NEWS NETWORK[ FRIDAY, NOVEMBER 26, 2004 01:28:46 AM] NEW DELHI: The real reasons behind the discord between the two Ambani brothers is slowly coming to light. At the core is the agenda of a Reliance Industries’ board meeting that took place on July 27, ’04, and a supplementary item in it that was introduced and approved by all directors. What is of concern to the younger brother — Anil Ambani, Reliance vice-chairman and managing director — is that the supplementary item (number 17 on the agenda) sought to redefine the powers of various committees, executives, the CMD, vice chairman & MD, and other executive directors. According to Anil Ambani, who has submitted a letter of protest to Reliance chairman and his older brother, Mukesh Ambani, this item was introduced without prior notice and was approved by the board without any proper discussion or debate. A copy of Mr Ambani’s protest letter is in ET's possession. In another development , six directors of Reliance Energy , a company headed by Anil Ambani, resigned from the board. The reasons for the resignation are not out in the open, but reports in PTI said: “Corporate circles see this as a tactic in the ongoing battle between Anil and Mukesh Ambani.” Significantly, Anil Ambani finally broke his silence late on Thursday evening, though he carefully chose his words. “I appreciate your waiting so long; there are long hours and there will be long days,” he said to the waiting newspersons. Investor concern over the current conflict eroded over Rs 2,400 crore of investor wealth across all Reliance stocks. However, contrary to rampant speculation and wild gossip that has ruled in the secondary media, Anil Ambani’s letter to Mukesh does not mention anywhere that his “powers have been stripped”. Indeed, the letter is extremely polite, legally correct and in places bordering on the emotional. While the details of the contentious item No 17 are still not known, the new power devolution formula could still well be at odds with Anil Ambani’s current responsibilities as the MD. But, to what extent, it is anyone’s guess. When contacted by ET, a top RIL source denied that there had been any move to curtail Anil Ambani’s powers. “All that the item in question sought to do is to restate and clarify the powers of the CMD, the vice-chairman and the executive directors. The resolution essentially said that the powers of the CMD would be akin to that of the CEO of a listed company in the USA in the sense that everyone would report to him. There was no move to curtail the powers of the vice-chairman.” The person further said: “The perception that Anil Ambani’s power is being curtailed has no basis to it.” Asked to comment about the spate of rumours, he said: “Anil will not be asked to step down from the RIL board nor is there any move to remove him from Reliance Energy.” In his letter — dated October 25, ’04 — to Mukesh Ambani, the younger brother has sent a detailed account of the controversial last board meeting in which the powers of the two MDs were redefined “through a supplementary agenda without proper and due notice”. Anil Ambani has asserted that “the agenda was introduced without my knowledge and/or consent, and keeping me completely in the dark”. Even procedurally, the younger brother has challenged the manner in which the draft minutes of the board meeting seeking to re-align his powers were prepared. He has said, “Contrary to past practice followed without interruption for 10 years whereby draft minutes were first circulated to the two MDs for confirmation”, no such practice was followed this time around. Anil has lamented that, “Nearly three months after my second email to the CMD and my personal discussions with several directors, and their interventions with the CMD, I have not received any acknowledgement much less any response to my emails. Instead, it has been communicated to me on the CMD’s behalf that the matter is final, and cannot be altered.” The larger point that Anil Ambani has sought to make in the letter is that the move has fundamentally altered the governance structure of the company, thus impacting its various stakeholders. “The issue of variation of powers of the MDs, executive directors... is a matter of great importance, vitally affecting the corporate governance structure of the company thereby impacting investors, banks, FIs, lenders, employees and others besides consequences on diverse agreements to which the company is party.” An example of Anil Ambani’s equanimity is the concluding para of the letter: “I propose that item number 17 of the minutes be kept in abeyance, till we had a full discussion, and have decided the forward path on a mutually agreed basis. However, if this is not acceptable to the chairman, my views... on this subject, may kindly be placed on record, and taken into consideration by the board.”
  12. Reliance "Ownership Issues"

    SEBI to protect investors in Reliance case PTI[ THURSDAY, NOVEMBER 25, 2004 09:42:32 PM] MUMBAI: Securities and Exchange Board of India (SEBI) would take up the issue of Reliance group enities' corporate governance and disclosure practices with the stock exchanges to decide on future course of action for investor protection. The capital market watchdog was monitoring developments concerning listed companies of the Reliance group, including Reliance Energy whose six directors resigned today, said a senior SEBI official. SEBI would get in touch with The Stock Exchange, Mumbai (BSE) and National Stock Exchange (NSE), to discuss the disclosures and governance standards followed by Reliance group entities, he said. The developments have huge implications for stakeholders including millions of shareholders of the Reliance group, he said. The regulator is yet to decide "on course of action on the recent developments", which impacted the trading of the Reliance group scrips, as SEBI chairman G N Bajpai was currently out of the country, he said. Meanwhile, a BSE official said the bourse has not sent any communication to any Reliance group entity to seek their version on developments, including the reported differences over ownership and exodus of directors from REL board. An NSE official said, the exchange has not sent any notice to RIL since its chairman has clarified the status of ownership.
  13. What ever software they may be using ultimately its the Customer Service Executive who will be interacting with the user. And the CSR should be well trained with all the aspects. Unfortunately most of the Webworld guys really lack even the necessary language skills. Just imagine this .. I have come across ppl in Webworld who just cannot even converse with you in English.. that too in a city like Bangalore..
  14. My Review On Lg Rd2030

    I have heard that different color panels are available. But to get it directly with a new mobile was what surprised me. It surprised the webworld ppl too... Yes it might have come by mistake.. I just wanted to know if any one else also had the same experience when they got the new mobile.
  15. Reliance "Ownership Issues"

    Ambani row: Kokilaben won't intervene Indiatimes.com AGENCIES[ THURSDAY, NOVEMBER 25, 2004 02:29:10 PM] NEW DELHI: According to a news channel report, six directors on Thursday resigned from the Reliance Energy Board. The names of the directors are SC Gupta, (Director Operations), Prof Ramachandran, Amitabh Jhunjhunwala, KH Mankad from Reliance Energy, Satish Seth and JP Chalssani A Reliance Energy spokesman did not give any reason for the departure of the six board members In another latest development, Dhirubhai Ambani's widow has declined to intervene in the ownership quarrel in the Reliance group, sources close to the family have said. Efforts by well-wishers to settle the differences between Mukesh Ambani, the chairman and managing director of India's biggest industrial house, and Anil Ambani, vice-chairman and managing director, failed simply because Mukesh refused to sign a draft joint statement saying that all was well with the group. Mukesh was apparently insisting that he was unwilling to go into any "family discussion" over ownership, control and management of the group as it had been settled in his favour by his late father who died two years ago, the sources, speaking strictly on condition of anonymity, told IANS. However, sources claiming closeness to the family, quoted Dhirubhai's wife Kokilaben as saying that she did not want to mediate simply because she did not know enough about the family business that had been built by her late husband from scratch. On the other hand, Reliance vice chairman Anil Ambani continued his public silence over differences with his elder brother Mukesh, but the two siblings are believed to be consulting their legal experts. Sources in the two camps said that the brothers were separately consulting legal experts, which indicate that the battle may reach the courts. The much-anticipated statement from Anil in response to the public declaration by Mukesh that as chairman and managing director he was the group's boss, did not materialise. There has been no meeting between the brothers ever since Mukesh returned from US on Monday, the sources said. In another development, Mukesh met ML Bhakta, who had expressed his desire to quit as member of the Reliance's Board of Directors on Tuesday, and asked him to reconsider his decision. Despite rumours to the contrary, sources close to Mukesh Ambani insist he has no wish to force his younger brother out of the RIL board. "There was a board meeting on July 27 where the powers of the chairman - as hitherto exercised - were formally restated and recorded. These are nameplate powers that any CEO would have. It's not as if Anil's powers were reduced. He did not raise any objection. But when the minutes of July 27 were being reconfirmed at the next board meeting three months later, Anil protested saying they were not a true reflection of what was discussed and that the resolution should be kept in abeyance. The rest of the board felt everything was in order. Anil's protest was noted." Anil's people have also suggested that since the time of Dhirubhai's death, Mukesh has quietly been changing "ownership" such that he now controls the voting rights to the entire Ambani block of shares. Dismissing the charge, a source close to Mukesh said, "Ownership of not a single share has changed hands in this time." The Ambani family, directly and indirectly, controls about 46% of flagship RIL's shares: 5% is held by individuals and promoter companies (owned by the Ambani family), 29% is controlled through an intricate web of investment companies, while the remaining 12% is with Reliance trusts and associates. Even if one were to discount the charges made by Anil's people, the decks seem to be stacked in favour of Mukesh, by virtue of his being chairman. Sources said voting rights to the 29% held through investment companies rested with the "seat of the chairman", that is Mukesh. The Mukesh camp also denied there was a move to make his wife Nita V-C of RIL. "The question doesn't arise," said a trusted confidante.
  16. Reliance Dapo Users' Petition...

    Till now there is just 21 Signatures on the petition. I guess thats not enough. Common DAPO users.. Sign the petition.... Let our voice be heard!!
  17. My Review On Lg Rd2030

    When I bought RD 2030 for my father some 9 months back I got a golden coloured phone. I bought this from WebWorld in Trivandrum. Till now I have not seen this type of RD 2030 with any others.. Has any one else also come across RD 2030 with Golden coloured panel instead of traditional white/silver. The WebWorld people told me at that time that it is rare to see such panel for RD2030. They even told me that it might have got through by mistake coz on top of the mobile kit it was written that the phone is a silver one. Anyway the phone looks better and different than the white/silver ones..
  18. Change Your Username

    Done that buddy! deepu sounds cool! Njoy! 20131[/snapback] Thanks Chirag
  19. Change Your Username

    can you change my user name from deepu_vk to just deepu (if its available)
  20. Lg 2030 Software

    My brother also faced the problem some time back. His kid dropped the phone in a bucket full of water. Finally he had to change the board of the phone.
  21. BIRTHDAY WISHES!

    "1 member is celebrating his/her birthday today njadawala(20)" HappY BirthDay!!!!!!!
  22. Reliance "Ownership Issues"

    I'm the boss, Mukesh writes to employees MUMBAI: A day after going public with his statement on "ownership differences" in the Reliance Industries, Group Chairman and Managing Director Mukesh Ambani said he is the "final authority" on all matters concerning the company. "There is no ambiguity in his (late father Dhirubhai Ambani) legacy that C and MD is the final authority on all matters concerning Reliance," he said in an e-mail message to over 80,000 employees of the Group. "Our founder-chairman late Dhirubhai Ambani had taken all necessary steps to separate ownership from management and had settled all issues during his lifetime," Mukesh said in the message. He also sought to clarify that there would be no impact on the functioning of the Group by the ongoing controversy over reported differences with his brother Anil. "There is no question of any effect on the integrity of Reliance... Reliance will continue to grow in strength," sources quoted Mukesh as having said. Reliance's commitment to break new grounds in global leadership in various initiatives stands firm, he added. Anil Ambani, who was said to be planning to respond to Mukesh's statement, could not be contacted despite several attempts. In a bid to quell a raging controversy in the market and corporate world, Mukesh had issued a statement on Monday saying that his remarks on a private TV Channel last week were "torn out of context" and that their father had "settled all issues pertaining to Reliance within his lifetime." Mukesh also complimented the professional capabilities of the Group saying "professional resource base of Reliance is one of the strongest in the world." "Had it not been for the professional strength, Reliance would not have emerged as a 23 billion dollar (Rs 1,00,000 crore) enterprise in a span of just 27 years," he said.
  23. Reliance "Ownership Issues"

    A long-standing director on the Reliance Industries board resigned today fuelling further speculation on the goings-on in the country's largest corporate house in the wake of differences between the two brothers, Mukesh and Anil Ambani. M L Bhakta, said to be a legal expert, quit the board of which he was a member since 1977 but there was no authentic word on why he took the step. That has triggered speculation that Chairman and Managing Director Mukesh Ambani may recast the board. Asked about the reasons that prompted Bhakta to leave, Reliance spokesperson Amit Khanna responded with a cryptic, "It is for Mr Bhakta to explain." Meanwhile, Vice Chairman Anil Ambani continued to remain silent and is yet to respond to his elder brother's statement issued on Monday that father Dhirubhai Ambani had settled all 'ownership issues' during his lifetime. The possibility of his (Anil) doing so this week is not ruled out. Sources said some more members may also quit to give Mukesh a free hand for the recast. A day after going public with his statement on 'ownership differences' in the Reliance Industries, Mukesh on Tuesday said in a communication to all its employees that he as the chairman and managing director is the 'final authority' on all matters concerning the company. He also sought to clarify that there would be no impact on the functioning of the group by the ongoing controversy. "There is no question of any effect on the integrity of Reliance. Reliance will continue to grow in strength," sources quoted Mukesh as having said. Asked as to how long it would take to settle all issues, Reliance spokesperson Khanna said: "Everything will be Okay in the next few days."
  24. Reliance "Ownership Issues"

    MUMBAI: Reliance Industries chairman Mukesh Ambani on Monday said his father Dhirubhai had "settled all ownership issues pertaining to Reliance within his lifetime". That Ambani should choose to make such a definite statement is considered significant in light of reports that Dhirubhai Ambani had died intestate, that is, without a will. Five days after Mukesh told a TV channel that there were "ownership issues" in Reliance — which was widely interpreted as admission of a rift with his younger brother Anil — he put out a written statement on his return from the US on Sunday evening, saying he was "shocked" to find that his response to a question had been "torn out of context in an attempt to build a sensational story around the phrase 'ownership issues' leading to a spate of speculation and misrepresentation". He claimed that his remarks had nothing to do with "the family ownership in Reliance". Contrary to reports that the two brothers, or their representatives, might issue a joint statement to calm the markets, Mukesh took the unilateral route.
  25. Reliance "Ownership Issues"

    The Reliance Group on Monday said the ongoing 'ownership' controversy will be resolved soon to the satisfaction of all concerned. "The controversy (ownership) will be resolved to the satisfaction of shareholders and the country in the next few weeks," a Reliance spokesperson said when asked about the ownership issue of the Rs 80,000 crore (Rs 800 billion) Ambani empire. "Mukesh Ambani was made successor by late Dhirubhai Ambani," the spokesperson said when asked whether Dhirubahi Ambani had left any will. "From that moment he is committed to realising Dhirubhai's dream," he said. The two sisters -- Deepti Salgaoncar and Neena Kothari -- who were believed to have come to Mumbai to attend the family meeting have left. Earlier, Mukesh Ambani said in a statement he was quoted out of context on the ownership issue and had said that Reliance is a strong professionally-managed company. Mukesh Ambani was quoted by CNBC last week saying, "There are ownership issues but they are in the private domain." Anil Ambani could not be contacted for his comments on the ongoing controversy. "Well there are issues which are ownership issues. These are in the private domain, but as far as Reliance is concerned, it is a very, very strong professional company," Mukesh Ambani said. Reliance is India's largest private company with an annual turnover of about Rs 80,000 crore and has presence in various sectors including oil refinery, petrochemicals, power and telecommunications. As per the information of Centre for Monitoring Indian Economy, the promoters (Ambanis) hold 46.67 per cent of the stake in Reliance Industries Ltd, while 13.48 per cent is held by the public and FIIs own 22.85 per cent equity. As per the work allocation, Mukesh looks after oil, petrochemicals and infocomm, while younger brother Anil looks after power, besides Reliance Capital.
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