Nita Ambani - Triggering the standard of education

Posted under Finance by supervisor on Monday 8 February 2010

A graceful persona with an industrial mind, Nita Ambani has time and again surprised the world and earned admiration from people she knows and those she doesn’t for her generous deeds. Nita Ambani has been tirelessly working as a part of Dhirubhai Ambani Foundation and her efforts have all paid off in the form of many institutions and groups that she has stood for. Be it earning a place for the physically challenged in call centers, running schools for the needy and deprived classes or upgrading overall education standards for children, Nita Ambani is one woman who believes in doing the right thing and never shies away from taking a stand wherever and whenever necessary.

Nita Ambani plays the role of the Chairperson to Dhirubhai Ambani International School (DAIS). DAIS which was built in 2003 by Reliance Group is located in Mumbai. The school has been crowned as the best in whole of Mumbai by both critics and general public alike. DAIS owes the credit of being regarded so, to its dynamic Chairperson Nita Ambani, who went the extra step to recruit world-class teachers from around the globe. DAIS also holds the credit of being one of the 37 schools in India which offer the prestigious International Baccalaureate Program to its students which renders them an opportunity to get placed in top class universities including Oxford, Cambridge and Princeton. Recently Nita Ambani opened the gates of DAIS for slum kids to use the school facilities. The program is called Akanksha-DAIS. The force that drives Nita Ambani to devote her efforts to the cause of upgrading educational standards in the country is the quest to bring out the best and imbibe a sense of responsibility towards society and environment in students. In addition, students of DAIS are also encouraged to work with several NGOs including Aditya, Akanksha, Goonj and Ishara.

Nita Ambani has an acute business sense and with a heart of gold that beats for making others lives productive, she restlessly works to give a better meaning to people’s lives and to make it worth living. Nita Ambani spearheads the development of villages around Reliance projects and takes keen interest in the upliftment of the lives of the people residing there.

Another major development that is in the pipeline and part of Reliance’s responsible engagement with society is the Reliance University. Reliance Foundation is planning to come up with a world-class university. As told by Nita Ambani herself, Reliance University which she is all geared up to head will be built in either Delhi or Mumbai. Reliance is on the lookout for a suitable land for the proposed university.

The University will apparently promote education and research in the disciplines ranging from liberal arts to technology at undergraduate level and will gradually incorporate Post graduate and Doctoral courses. Reliance University will follow on the lines of American Universities and will tie-up with other foreign universities. It will be international in approach with the best practices but will possess an Indian soul.

Nita Ambani is all set to up to take up the new venture and turn it into another big success.

Mukesh Ambani’s RIL gets supports from Netherlands Govt. on LB bid

Posted under Finance by supervisor on Wednesday 3 February 2010

The Dutch Government’s Nodal Investment Agency says that they will support RIL’s for LyondellBasell if the deal goes through. The Netherlands, which is supporting Mukesh Ambani’s $12 billion plus bid for the Rotterdam based pet-chem giant, is the parent country of LyondellBasell.

Bass Pulles, Commissioner of the Dutch Foreign Investment Agency, which facilitates investments in an exclusive interview with ET Now’s Sumit Chaturvedi, in Hague, Netherlands said the government will support RIL’s bid for LyondellBasell. “Since RIL is a foreign company, and so is LyondellBasell, we do offer assistance in the process which surrounds the take over, for instance speeding up immigration procedures or giving a warm shoulder from the ministry”, he said.

Reliance Industries Limited submitted an all-cash non-binding bid to buy a controlling stake in LyondellBasell in 21st of November, 2009. The bid came after LyondellBasell, the third largest petrochemical company in the world, filed for bankruptcy in January, 2009. The deal, if consummated, would facilitate growth of Reliance’s core business. As LyondellBasell has large petrochemical capacities coupled with a good tech portfolio as well as joint ventures in the Middle East, it would help Reliance Industries grow and reach the Western markets.

In December, 2009 Reliance Industries stated that it had no intentions of buying any of the debt from LyondellBasell. The month of January, 2010 witnessed Mukesh Ambani-led Reliance Industries stepping up its offer for the acquisition by offering $13.5 billion instead of the earlier $12 billion.

The Netherlands government support comes as a shot in the arm for Mr. Mukesh Ambani as he prepares to bid for the Rotterdam based LyondellBasell. When asked why the vote of confidence, Pulles said, “They might consider to reinvest again, they might send out positive message to other companies back home or they might inform us on any other strategic developments in their industry.”

The Netherlands is home to global brands like Philips, ING Bank and wants to attract more talent and capital from India. They already have big investments from over 120 odd companies in India such as Infosys and TCS. If Mukesh Ambani does tide over the resistance from some lenders of LyondellBasell, he can be rest assured about support from Dutch Authorities.

Source: http://reliance-news.blogspot.com/2010/02/mukesh-ambanis-ril-gets-dutch-govt.html

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