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us121
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Joined: 03/Dec/2006
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Posts: 442
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   Posted: 25/Aug/2007 at 8:23am |
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for every one rupee spent on delivering the power to a consumer, 25p goes in transmission and another 25 p goes in distribution. it is only remaining 50p that goes in generation.
generation is a long gestation period with lots of implementation related risk.
But, the people working in remaining two areas are bound to become rich as they supply equipments and encash the same well before the generation company starts earning a single rupee.
so far these all the company's performance had been pathetic as they were largely dependent on SEBs. But now scenario has changed. Even SEBs have improved a lot apart from they getting huge orders from private players and export segment.
The potential is huge. Reputed players are not many. Capacity is a big constraint. Quality is of prime importance in this field.
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ABILITY will get u at d top. CHARACTER will retain u at d top
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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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Posted: 27/Aug/2007 at 11:46am |
R-Money, the Anil Ambani group’s retail brokerage arm, will introduce gold coins in smaller denominations of half gram and one gram in the market. The market is currently dominated by 5-gm and 8-gm coins.
R-Money CEO Sudip Bandyopadhyay told Business Standard that the company had placed orders with the Swiss refiner, Valcambi, for 2.5 tonnes of gold coins.
“We are confident of selling the total amount during Diwali,” he said, adding that the company in the past three months since May had sold 0.5 tonne of coins.
The company has already spruced up its sales network for the purpose. In addition to all Reliance Webworld and Reliance Communications outlets, R-Money will make the gold coins available for customers through a television channel. “At present, we are selling gold coins in Rajasthan and Tamil Nadu. We target to make them available in almost every state,” he added.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 30/Aug/2007 at 11:55pm |
Reliance Money, will soon venture into individual travel loan business, seeking to tap the growing interest of Indians in domestic and outbound tourism.
"We are planning to start selling travel financing products, to be launched soon by the parent company Reliance Capital," Reliance Money Chief Executive Officer Sudip Bandyopadhyay told reporters here.
Reliance Money has already started distributing travel card and travel insurance products through its outlets, which has grown to over 3,000 across the country, he said.
The company today also announced a tie-up with Stic Travel Group, one of the country's largest players in the travel and tourism business.
Under the partnership, Reliance Money will sell its various financial products, ranging from money transfer, foreign exchange, insurance and gold coins through Stic Travel outlets.
The partnership will provide a major platform to sell products like money change, money transfer, travel card and insurance, which are primarily aimed at tourists, Bandyopadhyay said.
Besides, the company is planning to set up 10,000 internet-enabled retail kiosks across the country, where the consumers would be able to execute their financial transactions.
Stic Travel Chairman Subhash Goyal said Reliance Money is natural partner for the company and there was a significant synergy across various business segments.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 01/Sep/2007 at 10:41pm |
Reliance Money, the financial services distribution arm of the Anil Ambani Group, is looking for acquisition opportunities in the fast growing money changing and money transfer businesses.
The combined market size of money changing and transfer is estimated at about $34 billion.
"We are looking at inorganic growth opportunities in these businesses for expansion," Reliance Money CEO Sudip Bandyopadhyay told reporters here
The Anil Ambani Group had acquired Travelmate Services, a part of Kuoni Group, in November 2006. Travelmate is in the money transfer services (MTS) and full-fledged money changing (FFMC) business since 1993.
The new brand identity for Travelmate Services, which would be now known as Reliance Money Express, was unveiled here by the Reliance Money CEO in the presence of the global MTS giant Western Union worldwide CEO Christina Gold.
Elaborating on the potential of the MTS business in India, Bandyopadhyay said: "India is the largest recipient of global remittance of around $27 billion, which is more than 10% of the total global remittance inflow of $240 billion. This is continuously rising due to labour migration and increasing wages." In addition, the money changing market in India is worth $7 billion and is growing at an annual rate of 20%.
(BS)
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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kulman
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Joined: 02/Sep/2006
Location: India
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Posted: 01/Sep/2007 at 10:25am |
Reliance Money, a subsidiary of Anil Dhirubhai Ambani Group's Reliance Capital Ltd, expects to make a profit by the end of the current financial year to March 2008, the firm's chief said on Thursday.
"We are planning 10,000 outlets in 5,165 cities and towns by March 2008 from the present 2,045 cities," Sudip Bandyopadhyay, chief executive of Reliance Money, told reporters. (Source: FE)
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Life can only be understood backwards—but it must be lived forwards
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 04/Sep/2007 at 10:01pm |
Rel MF AUM for Aug'07 is Rs.67,598 crores, up 1.77% from the previous month.
Also, MFs as a % of GDP has increased from 0.4 in 04-05 to 3.6 in 05-06 to 4.8% in 06-07.
Motilal Oswal has initiated coverage on Rel Cap with a BUY target of Rs.1574.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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CHINKI
Senior Member
Joined: 07/Feb/2007
Location: India
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Posts: 2827
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Posted: 04/Sep/2007 at 10:10pm |
But as a Industry, Mutual funds witness Rs18,500-cr dip in AUM in August
Click Here for more details: LIVE MINT
Read the following para:
Overall, mutual funds have made net purchases worth Rs4,093.90 crore in August in equity markets. In sharp contrast, foreign institutional investors have been on a selling spree in the domestic markets after the global meltdown. They made net sales worth aroud Rs7,770 crore in August.
PHIR BHI MARKET HIL GAYA THA
Edited by CHINKI - 04/Sep/2007 at 10:12pm
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 04/Sep/2007 at 10:35pm |
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WHat this article does not say is whether this decline in liquid funds or in equity funds!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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