If the environment in India is deteriating so fast on the basis of reservations, aam aadmi ephoria, political corruption, in coherent and inconsistant policies, vote bak politics, security threats, turmoil in the neighbouring countries, red tapism etc continue, the industrialists and invsetrors will feel more at ease span out. This may even give opportunities to some Indian Managers, Engineers to work outside the country. This is good.
I have not heard much of Reliance buying out any foreign company. It may be the biggest Indian corporate but looks like its balance sheets cant stand international scrutiny.
Re: Where is Reliance?
by Gaurav Kaul on May 27, 2009 03:14 PM
what about R&D?Reliance has huge capital resources...but has it ever bothered to invest a little in research....?
Re: Where is Reliance?
by CHANDRA KORADA on May 28, 2009 06:30 PM
Relaince groups know how to tap the local opportunities with the legacy Dhirubhai has left. They can manoveur any kind of hurdles the system creates. They know how to call the shots.
Re: Where is Reliance?
by Ankur Bakhshi on May 27, 2009 09:31 PM
my friends have you heard of the gas resourses and the petrolium which reliance found in the sea.. biggest every found by any company on the sea..which everyone around the world appreciated and are looking keen at reliance that what will be its next step to find more. That reasearch has been done by resourse for which money is required and R & D division. Now to answer your internatioal scrutiny? Entire world is looking at india and try to get into indian market by any means. I stay in Uk and the prime minister of Uk has said in his speach "don't look at recession look at what will happen after recession. After recession we will have indian market where people will have the potention to buy our product." The entire world can see what will happen but we indian knows only one thing to critise and to think that we are below everone. You will be as you thought is like this. But not all think like you else indian still would have been ruled by other country only. Have you heard of E7 countries if not then put on the internet E7 countries and you will find out what india is coming up as.
Re: Re: Where is Reliance?
by Chris on May 28, 2009 11:56 AM
Yo Mr. Ankur Bakhshi, did ONGC not find any oil and gas reserves in the sea or did Reliance come first in this sector? The way you write … do live in the U.K as in the United Kingdom or Uttarkhand or someplace like that in India? So many people have lost their jobs in the recession, so many more will do so now. The government does nothing for job creation except pass a lot of gas, which people like you lap up eagerly. In spite of the recession, the top brass in all these companies you appear to be supporting so fervently, have never taken a pay cut or even scaled down on their perks. The shamelessness of it is that while a man who struggles to feed his family slogs to bring tea to a conference room, all these filthy rich management types neither raise the standard of living for the people who work to make them comfortable nor do they ever decide anything except when the next meeting will be held. Some nice resort, perhaps, where there will be some buxom, bikini-clad tourists or some “masseurs/masseuses” available to slather them in all the oil your Reliance is digging up.
When picture tubes are becoming obsolete, what is the point in buying a company making obsolete products and buying the same. This is a case of Wasting public (Stakeholder) money with a rotten decision. A good recipe for getting wiped out of the business like Silverline Technologies etc...
Re: Thomson Picture Tubes!
by Isha Akbar on May 27, 2009 05:10 PM
How many Indians do you think are gunning for an Flat Screen LCD / Plasma TV? It makes fantastic business sense in India
Foreign buyout is the worst path to take even in the last 3 to 4 years and I have to mention that more and more Indian Conglomerates fell for this... It is as if like I own brand new car from Italy what have you got and the other Indian guy buying another car to show off what he is capable off..
Most of these buyouts are going to turnout to be show off posessions and are not going to yeild the expected benefits. More importantly Indians do not have the ability to command foreign nationals and get the job done.
All of these buyouts are here to impact India Inc... and Manmohan singh will be on his toes showing gimmicks sooner or later.
I would say even the acquisition by Tech mahindra of Satyam was also a major blunder instead they could have let the company dissolve and pay some amount to all the employees rather know now axing 10k to 15k employees from the company....
This is no time for acquisition or buy out folks.. Its time for innovation.. of Innovating how much you can simplify the process of buying and selling and making the business transparent with the customer.
No more middlemen.... time for all of them to go and work hard and make their monies.....
Re: definitely Not--- Time to stop buying useless foreign firms
by kush chatterjee on May 27, 2009 02:39 PM
Wonder which is the era in industrial history when it was not the "time for innovation.. of Innovating how much you can simplify the process of buying and selling and making the business transparent with the customer" and when it was not the "time for all of them to go and work hard and make their monies"!!! Its a sweeping statement to say that this is not the time for acquisition. Good english..on general substance.
Re: definitely Not--- Time to stop buying useless foreign firms
by Ankur Bakhshi on May 27, 2009 09:41 PM
you are talking about the capability of honourable prime Minister Manmohan singh. In 1991 the bigest recession struck the world and india has only 1 month of money left to buy anything from the world including the petrol then Mr. Monmahan singh was appointed as Finance minister and everyone after that the money kept on increasing and india came out of that era with no harm to its economy.
Re: definitely Not--- Time to stop buying useless foreign firms
by Ankur Bakhshi on May 27, 2009 09:36 PM
who told you this... BJP leaders my friends have you heard of the gas resourses and the petrolium which reliance found in the sea.. biggest every found by any company on the sea..which everyone around the world appreciated and are looking keen at reliance that what will be its next step to find more. That reasearch has been done by resourse for which money is required and R & D division. Entire world is looking at india and try to get into indian market by any means. I stay in Uk and the prime minister of Uk has said in his speach "don't look at recession look at what will happen after recession. After recession we will have indian market where people will have the potention to buy our product." The entire world can see what will happen but we indian knows only one thing to critise and to think that we are below everone. You will be as you thought is like this. But not all think like you else indian still would have been ruled by other country only. Have you heard of E7 countries if not then put on the internet E7 countries and you will find out what india is coming up as.
Foreign buyout is the worst path to take even in the last 3 to 4 years and I have to mention that more and more Indian Conglomerates fell for this... It is as if like I own brand new car from Italy what have you got and the other Indian guy buying another car to show off what he is capable off..
Most of these buyouts are going to turnout to be show off posessions and are not going to yeild the expected benefits. More importantly Indians do not have the ability to command foreign nationals and get the job done.
All of these buyouts are here to impact India Inc... and Manmohan singh will be on his toes showing gimmicks sooner or later.
I would say even the acquisition by Tech mahindra of Satyam was also a major blunder instead they could have let the company dissolve and pay some amount to all the employees rather know now axing 10k to 15k employees from the company....
This is no time for acquisition or buy out folks.. Its time for innovation.. of Innovating how much you can simplify the process of buying and selling and making the business transparent with the customer.
No more middlemen.... time for all of them to go and work hard and make their monies.....
Re: r v growing?
by Ankur Bakhshi on May 27, 2009 09:43 PM
what do you know about all the company you named. you know 65.8% of tata share is held by charty firm which tata has donated to it and its that much earning goes to the charity... know before you speek out.
