Reliance Industries and Sensex ! – Analysis

Reliance Industries has been a Price shocker and in fact a laggard in the market during these turbulent times. Lets get behind the scenes on this particular stock. Last week Reliance announce that it has struck oil at the Krishna river basin on two of its wells (Dhirubhai 31 and 33). This will be a significant find for RELIND. Reliance is concurrently in talks with the US oil major CHEVRON to jointly invest in some of its global locations. In return Chevron will hold significant stake in RELIND. If Ambani is able to pull this off it will be a caper deal. The scope of this deal and its global reach and raminifications can be compared to the Arcelor-Mittal deal.

Reliance is also in talks to acquire DOW Chemicals USA for setting a stronghold in USA. This will also be a great deal if it goes through. Finally when it comes to Reliance and it has made a foray into retail that I remember mentioning in one of my blog post here http://orione.wordpress.com/2006/12/08/atlanta-limited-the-unicorn-of-indian-ipos/ . Today with discussions going with Carrefour one for the top French giants on the hypermarket space I perceive that reliance is here to stay. Word is around  that reliance is trying to buy a sizable stake in Carrefour that is on the block for sale thereby trying to beat all the legal wrangle that Bharti is facing with Walmart JV and its related FDI. Way to go for an Indian Company !

Tags: syed, nazir, razik, reliance, industries, relind, carrefour, chevron, dow, chemicals, bharti, walmart, usa, stock, market, laggardPowered by Qumana

Is india ready for GPS integration to make citizen friendly devices ?

Singapore is going ahead on a proposal to introduce panels of this kind that display information related to bus timings . This information is derived from a network supported by data provided from GPS devices that are place in individual buses and by calculating the relative positioning of the buses in the map and the relational distance and speed data is also captured to get the exact information as is displayed here. As a pilot phase these panels are being installed and commissioned across the stretch of Orchard Road. Subjec to the success of the same on realtime it might be implemented in a larger scale.  

Now the question that i would like to pose is india ready for such technology ?

Yes we are ready ! Earlier in 2006 we had launched the CARTOSAT satellite and subsequently INSAT 4 B that provides us with all these capabilities to churn good mapping for our terrain and greater accuracy

Now that we are technology capable I would like to pose the next bigger question

Is the Indian mindset ready to safeguard and encourage such technological commissioning ? Open for debate in our weekend meeting . Have a good day!

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