ANIL D. AMBANI

Anil Ambani:

Born: 4th June 1959

Achievement:

He is the Chairman for ADAG(Anil Dhirubhai Ambani Group) and also chosen as the 'CEO of the Year 2004' in the Platts Global Energy Awards and MTV Youth Icon of the Year' in September 2003

Before splitting of Reliaance group, Anil Ambani held the post of Vice Chairman & M.D. of RIL.

He did bachelors of science from the Mumbai University & MBA, The Wharton School at the University of Pennsylvania.

Anil Ambani joined Reliance in 1983 as Co-Chief Executive Officer. He pioneered India Inc's forays into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds. Starting from 1991, he led Reliance in its efforts to raise, around US$2 billion from overseas financial markets. In January 1997, the 100-year Yankee bond issue was launched under his stewardship

After Reliance group split into Mukesh & Anil Ambani, Anil become the Chairman for all listed Group companies of ADAG, which includes Reliance Communications, Reliance Capital, Reliance Energy, Reliance Natural Resources Limited & Reliance Power.

Anil Ambai was elected as an independent member Rajya Sabha MP in June 2004. But he resigned voluntarily on March 25, 2006.

Anil Ambani has won several awards and honours. Major among these include: 'CEO of the Year 2004' in the Platts Global Energy Awards, 'MTV Youth Icon of the Year' in September 2003, 'The Entrepreneur of the Decade Award' by the Bombay Management Association, and 'Businessman of the Year Award' by leading Business Magazine, Business India in 1997.

Mukesh D. Ambani

Mukesh D. Ambani- Chairman & Managing Director

Shri Mukesh D. Ambani is a Chemical Engineer from the University of Bombay and pursued MBA from Stanford University, USA. He is the son of Shri Dhirubhai H. Ambani, Founder Chairman of the Company. Shri Ambani joined Reliance in 1981 and initiated Reliance’s backward integration from textiles into polyester fibres and further into petrochemicals, petroleum refining and oil and gas exploration and production. In this process, he directed the creation of several new world-class manufacturing facilities involving diverse technologies that have raised Reliance’s petrochemicals manufacturing capacities from less than a million tonnes to about twenty million tonnes per year.
Shri Ambani directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar, India, with a current capacity of 660,000 barrels per day (33 million tonnes per year) integrated with petrochemicals, power generation, port and related infrastructure.
Shri Ambani had set up one of the largest and most complex information and communications technology initiative in the world in the form of Reliance Infocomm Limited (now Reliance Communications Limited).
Shri Ambani is also steering Reliance’s initiatives in a world scale, offshore, deep water oil and gas exploration and production program, setting up of a second petroleum refinery at Jamnagar, development of infrastructure facilities and implementation of a pan-India organized retail network spanning multiple formats and supply chain infrastructure.

Shri Ambani’s accolades include:

* Bestowed the US-India Business Council (USIBC) ‘Global Vision’ 2007 Award for Leadership in 2007.
* Invited to be a member of the World Business Council for Sustainable Development (WBCSD). He is the only Indian CEO to be a Council Member of WBCSD.
* Conferred ‘ET Business Leader of the Year’ Award by The Economic Times (India) in the year 2006.
* Conferred the Degree Honoris Causa, Honorary Doctorate by the Maharaja Sayajirao University in 2007.
* Conferred the India Business Leadership Award by CNBC-TV18 in 2007.
* Received the first NDTV-Profit ‘Global Indian Leader Award’ from Hon’ble Prime Minister of India, Shri Manmohan Singh in New Delhi in the year 2006.
* Had the distinction and honour of being the cochair at the World Economic Forum in Davos, Switzerland.
* Ranked 42nd among the ‘World’s Most Respected Business Leaders’ and second among the four Indian CEOs featured in a survey conducted by Pricewaterhouse Coopers and published in Financial Times, London, in November, 2004.
* Conferred the World Communication Award for the ‘Most Influential Person’ in Telecommunications by Total Telecom, in October, 2004.
* Conferred the ‘Asia Society Leadership Award’ by the Asia Society, Washington D.C., USA, in May, 2004.
Shri Ambani is a member of the Prime Minister’s Council on Trade and Industry, Government of India and the Board of Governors of the National Council of Applied Economic Research, New Delhi. He is a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, International Advisory Board of the National Board of Kuwait and McKinsey Advisory Council.
He is the Chairman, Board of Governors of the Indian Institute of Management, Bangalore and a member of the Advisory Council of the Indian Institute of Technology, Mumbai. He is also a member of the Advisory Council for the Graduate School of Business of the Stanford University.
Shri Ambani is the Chairman of Reliance Petroleum Limited and Reliance Retail Limited and a Director of Reliance Europe Limited, and Pratham India Education Initiative.

INFLATION - 8.75%

Inflation for the week-ended May 31 is at 8.75% versus 8.24%.

Inflation for the week-ended April 5 has been revised to 7.71% versus 7.14% earlier. The Wholesale Price Index, or WPI, for all commodities is up 0.6% at 231.1. The WPI for manufactured products is up 0.7% while that of primary articles is up 0.9%.


Inflation is at seven year high, which might reach double digit in next few weeks.

Most of the analyst suggest CRR hike is the possible way to curb inflation.

So most of the analyst expects CRR hike might be the next step for RBI to curb inflation.

Petrol price hike also tends to increase inflation for the next data of inflation on June 20th 2008.
So in near term CRR hike will erode inflation.

Most of them suggest within September it might comes to nearby 6%

Inflation is 8.75% for may 31st 2008:

The WPI for manufactured products was up by 0.7 per cent, while for primary articles it was up by 0.9 per cent.