There seems to be dearth of developing competencies by this guy.....instead because he has stupid shareholders money at his disposal ....yeh thaili leker goom raha hain. Pehle yahan tho woh kuch kar dikhaye.....all his ventures are paper tigers aur nah hi iska paas aadmi hain to run his shows .....god knows what is he upto?????
RE:ANY GAMEPLAN????
by kskumar on Aug 03, 2008 09:21 PM
Suresh, investing in a club doesn't mean throwing away the money. All the major European clubs are businesses and they earn millions. The point is whether they earn enough. It is just like an investment.
You are calling the shareholders stupid. Well, if you are one, go to the AGM of ADAG companies and raise this issue there. If you are not, then how the share holders' money is used doesn't concern you.
RE:ANY GAMEPLAN????
by Suresh R on Aug 03, 2008 09:31 PM
SO you are one of those .... no doubt sach kadwa hain. Where is the competency that he had developed , so far ....?? Power, cement, infra .....sab kuch paper mein hain.... has he started anything at all. plz keep investing... all d best
RE:ANY GAMEPLAN????
by akhilesh dixit on Aug 03, 2008 09:41 PM
The Ambani brothers do not figure India's Top 200 taxpayers and he is World's sixth richest guy!!1 Even Mayawati akshay kumar and sachin have paid more tax than them. share od reliance power sold at 450 now trading at 150 after Amar supporting UPA else @130. They know how to befool Indian and buy officials to suit them.
RE:ANY GAMEPLAN????
by kskumar on Aug 03, 2008 09:43 PM
You seem to have missed the point. ADAG's competence will be judged and judged harshly by the market conditions. Till then, it is not for us to comment on his business dealings, unless we happen to be share holders. As an Indian, I would like to see my fellow countrymen excel in all spheres, whether it is Mittal or the Tatas or the Ambanis. Didn't many of us feel happy when Mittal bagged Arcelor or when the Tatas acquired Corus? The Magpies' investment should be seen from this viewpoint.
RE:ANY GAMEPLAN????
by akhilesh dixit on Aug 03, 2008 09:47 PM
Please do not compare Tata to Ambanis if you know anything about Indian business ethics, which i believe you don't know.Just see How tatas grow fighting britishers bringing first plane to India then First Indian car, Ambanis just see what happened to reliance power how he kept the of share @Rs450 for aco. with zero production he got himself these shares at par!!
RE:ANY GAMEPLAN????
by kskumar on Aug 03, 2008 09:58 PM
You seem to have a dislike for the Ambanis. Well, you are entitled to your views. But do not think that only you know about business ethics and no one else does. I am aware of their past dealings and have no special liking for the Ambanis. But Ambani is an Indian like you and me and he is buying a football club at England. What is wrong in wishing him success?
RE:ANY GAMEPLAN????
by teen paise on Aug 03, 2008 10:37 PM
We were talking at sport shirt level, and you have come down to below the belt level! Ok wallet level. Yes, unlike Tata, this group does reprsent face of 'crony' capitalism and not the kind of business ethics Tata is associated with. Atleast that is the impression they make by their ditinct and utterly close proximity with several politicians. Ofcourse, this may be only an impression and not really true, we need to reserve our judgement.
But the 'Dad Ambani' was a truly great man who transformed Indian business scene and fully deserves Bharat Ratna like the way JRD receieved it. Sincerely think so. His political proximity was due to legal incongruities and there was no other rational way out other than interfere with law making itself.
Hope next-gen reform gets rid of the need for crony capitalism once and for all by setting the laws free from discretionary ambiguties.
RE:great news
by teen paise on Aug 03, 2008 09:13 PM
There was a time when I used to know each and every player in East Bengal and Mohun Bagan. Sudhir Karmakar, Salien Manna, Habib, Surujit Sengupta, Akbar, Thangaraj, Bhaskar Ganguli...all these were big names for us. We were in absolute awe of Jarnail Singh and when India lost 7-1 to China wept profusely, the saving grace being Inder Singh's goal. Somehow these integrity of those innocent emotions could not be carried forward, something gave away.
Now we are literally carrying coal,sorry money, to newcastle.
RE:great news
by teen paise on Aug 03, 2008 08:49 PM
Yes, this appears to be following the Mittal route. First acquire overseas before you are allowed to do anything meaningful in India, for politics is still saddled in laws which does not promote genuine market reforms.
Hope next-gen reforms include marketisation of sports so that brand value can be built which in turn finance sports infrastructure, which in turn instill excellence in sports.
It is bitter-happy news, as a Kannadiga may be wont to say, will it spring an Ugadi in our sports?
Dear All Stock Share holders / partners of company.
This Ambanis, in the history, never give anything to the share holdeers. Yes the prices of shares are certainly going high, but thatz due to the "satta" and "speculations". In the stock and shares scam in the history of India starting from Harshad Mehta / Ketan Parekh, many small and big, new comers and oldies expert, must have lost their millios and lifes. Did Ambani gone their? Have them given any statement of volatility of their share prices??? They are completely insensitive and what more, still Indian people believe in their companies and invest as if there are no other companies in India. They put trust, faith and invest their hope in them.
This values means that Ambanis must use their people money wisely, sensibly so that none sharehold value of money is eroded.
These days one brother buys criket team and other is racing to go for United Castle. Here, investment gurus and other independent financials advise to common man that do not invest in the business and / or companies you don't know. What does this Ambani know about Magpie???? Glamour, style, status, and top of it they know that this is the public money. If something goes wrong, who is to looose, its the public to loose. Why they do this type of waste of money ( investment)?
Have any body heard that Ambanis undertook social responsibility like tatas? I also never heard of any charities by their any of the group. They earn from the money given b
RE:first Dhiru and now their Choru
by r d on Aug 03, 2008 08:47 PM
People like u always think crooked....u guys get jealous of someones success. When u talk of social responsibilities which are not taken up by ambanis like the tatas...Ask yourself first...what social responsibilities have u handled as a citizen???...I bet none...look at your ownself first and then point out fingers at others.
RE:first Dhiru and now their Choru
by Santosh K on Aug 03, 2008 10:33 PM
how about yourself or are you chamcha of the ambanis or did you make good money at the stock market
RE:first Dhiru and now their Choru
by Kajal Sethi on Aug 03, 2008 09:16 PM
Mukesh Ambani has donated without publicity. Because of this it does not mean that he has done nothing. As to Anil Ambani, ask Bachchans and samajwadi party.
what they have done for India?? loot and loot??? They are misusing public investment which were entrusted to them for growth of Industry and not on gamble or recriation.Let the share holders raise the issue at the right forum
RE:anil ambani
by Manoj Mehta on Aug 03, 2008 08:36 PM
Is making money in a buisness is "loot"? Each one of us wants to make money in life . Some are successful & some are not.
You may be richer compare to your brothers or friends. Does it mean that they should call you cheat or you should ask them before you decide to spends on anything. Pls grow up man, Let live & let others live.
RE:anil ambani
by Santosh K on Aug 03, 2008 10:32 PM
Arey guju bhai..the problem is that South Indians always care for their family and lve like a united family, unlike Gujus who will do anything for money.Look at the Ambanis themselves, both Guju bhais are against each other and thats for money. Both are billionaires and yet dont come in the first 10 top tax payers in the country. Should I say anyhting more...........
RE:anil ambani
by srirama ponugupati on Aug 03, 2008 08:47 PM
Making money is neither a sin nor a crime.But if one tries to make money through crime (dont we call cheating a crime)and shady deals (if one does this with friends and brothers, what one is called), and if the same thing happens with millions of people, then can we call it simply"money making"
RE:anil ambani
by NAZEER HUSSAIN on Aug 03, 2008 08:56 PM
Making money is not loot but cheating public ltd companies and Govt dept is loot.Whether 2 mobiles for Rs 500 or Selling petroleum products they Keep on Cheating public ltd compny and indirectly the indian public.Their wealth trebled in just two years but peanut for their shareholders.Their is story of business empire built on looting public money by tax evasion and other techniques .Have you not read recent tax evasion in purchase of aircraft.No politicians or political party will not question them because every one receive crores of rupees to fight election as political funds .Already they deciding many state govt and cosiderable influence over appointment of finance and petroleum ministers,very soon they will dictate who is our PM.
260 million pounds is approx Rs 2000 Crores which is more than the budget of some of our smaller states! With this kind of money, Indian Football can be a world beater and also a long term revenue earner ! But then, the Ambanis have always been impatient with short term gains!
RE:Anil Ambani and Football
by kskumar on Aug 03, 2008 08:46 PM
May be the money could have been spent in developing Indian football, but then it is his money and he is entitled to spend it as he likes.
RE:Anil Ambani and Football
by Manoj Mehta on Aug 03, 2008 08:32 PM
Why you are not asking our government to spend on football developement. They are collecting thousands of Crores from us evry year & takes bribes of hundreds of crores. It is Ambani's Money & let him spend the way he wants to spend.
RE:Anil Ambani and Football
by r d on Aug 03, 2008 08:55 PM
rajesh....ask urself firstly how much tax have u paid...stop advicing if u have guts go out and do something rather than keeping taps of words always open..senseless idiot
RE:Anil Ambani and Football
by rajesh prajapati on Aug 03, 2008 09:40 PM
I appreciate your right to differ with me but that does not give you the right to call me a senseless idiot, you understand? I have religiously paid my taxes for the last twenty five years and filing the returns for the same in time, religiously and rightly! However, the sixth richest man in the world and one of the top paid CEOs of this country does not figure in the top 200 tax payers of the country - does that not say a lot of paying taxes you dimwit? If you have the guts answer tht!
RE:Anil Ambani and Football
by nisha sumesh on Aug 03, 2008 10:04 PM
rajesh p, I understand your angst about the Ambani's not paying taxes, but I do not agree with your point, that if we spend 2000 crores we will be the best football playing nation in the world. Look at BCCI, the richest cricketing board & our players are the most inconsistent bunch in the playing scene.
RE:Anil Ambani and Football
by rajesh prajapati on Aug 03, 2008 10:47 PM
Nisha, Rome was not built in a day! Investing that kind of money into football will attract many a youngster to take it seriously as a living rather than just a sport - like all the top teams / countries have and the results are there for people to see. Even Indian cricket's performance has improved from a meagre 5% of wins in Test matches in the nineties to a 33% in the 2000-2008. And with the talent available after the IPL, India is no longer considered the whipping boy of cricket as it used to be three decades ago but one of the few teams that can take on the best on a given day! Moreover, people who can manage huge corporates could probably manage such talents as exist in India far better than the political honchos who control cricket today in India.... It's time the corporates took over!
the irony is that both the Ambani bros are not in the top 200 tax payers in the country.(please,see IT report released yesterday).And some are expecting them to do something for the country.
RE:RE:tax evader, greatest
by srirama ponugupati on Aug 03, 2008 08:39 PM
I humbly submit my IT returns every year.No evasion at all>i can not .Because I am an employee and everything is deducted in advance.I think it has become fashion for some people to project "looting" and "evasion" as achievement and praising the so called "achievers"
Will Indian Politician (CPM) accept any fund from Ambani for Indian Football? In India immidiately it will become a political issue with all parties , NGO'S & MEDIA starts putting their nose into it/
With Indian Incorporatives ready to enter the world greater football league,Indian dominance over sports administration has begun.I hope other than the financial bebefits this moves also bring some cheers to the Football players of India as these tycoons decide to pump in some dollars to change the state of INdian Football ...
