Archive for March, 2016

Mukesh Ambani: Reliance Jio World’s Biggest Startup

March 31, 2016

Mr. Mukesh Ambani, chairman of Reliance Industries, described Reliance Jio as the world’s biggest startup with an investment of INR 150,000 crore. The company will offer broadband speeds up to 80 times faster than current offerings. The huge investment is the biggest ever for any digital startup.

Mr. Mukesh Ambani aims to expand the coverage of the high-speed internet in the country by more than 90% by 2017.

FICCI Frames- India’s largest media and entertainment Summit

Addressing the keynote at the FICCI Frames 2016, Mr. Mukesh Ambani said that the motivation behind Jio is the opportunity to change the lives of 1.3 billion people. His vision is to drive the ranking of the country’s mobile internet access to among the top 10 nations, from its current 150th rank among the 230 countries. Mr. Ambani said that as the world is on a digital spree, India and Indians can’t afford to be left behind

Digitization is the Defining Trend and Jio Shares theVision

Jio is sure to be the largest transformational green-field digital initiative in the world”, said Mr. Mukesh Ambani. The focus of Jio is to commercially launch high-speed 4G network with the focus on data services by the end of December 2016.

During the address, Mr. Mukesh Ambani even mentioned that the domestic media and entertainment industry is expected to be USD 100 billion in the next decade, as it has grown from USD 2 billion in 2004 to USD 18 billion in 2015.

According to him, digitization is the defining trend of the era, and if you don’t have a globally competitive digital tool, survival will be disruptive, and you will become irrelevant. Jio will support this digital transformation and will offer their services with 70% coverage right from day 1. Mr Ambani also reiterated that the service would be cost-effective.

Jio and its alliances are making every effort to ensure that its coverage is more than 90% by 2017. Mr. Mukesh Ambani promised high-quality services, where Jio will assure a speed that is 40-80% times faster than the internet speeds available today.

Summary

Reliance Industries chairman, Mr. Mukesh Ambani said that Reliance Jio is the world’s biggest startup with an investment of over INR 1.5 lakh crores.

Padma Vibhushan Posthumously Awarded To Dhirubhai Ambani, Founder of Reliance Group

March 29, 2016

Kokilaben Ambani, the wife of Reliance Group founder, the late Dhirubhai Ambani, received Padma Vibhushan, which was posthumously awarded to her husband, on Monday. She received the award from President Pranab Mukherjee.

The award was presented 14 years after the death of the late Dhirubhai Ambani. During the awards ceremony, the Ambani brothers and other immediate family members were present at the Rashtrapati Bhavan.

In January, Mr. Anil Ambani, who was present during the ceremony, had rightly said that his father was the greatest wealth creator and entrepreneur in India’s history. The legacy of the late Dhirubhai Ambani lies in the inspiration he provides to the millions of youngsters, to dream the impossible and to set out to achieve those entrepreneurial ambitions.

On the other hand, Mukesh Ambani believed that the award is an honor to the indomitable spirit of entrepreneurship, ambition, and innovation to strive to be better than the best.

Other Eminent Names who were Honored

Sri Sri Ravi Shankar the founder of The Art of Living, Yamini Krishnamurthy a well-known dancer, former CAG Vinod Rai, sage of agriculture Subhash Palekar, Mohammed Imtiaz Qureshi a celebrity chef, actors Ajay Devgan and Anupam Kher, and badminton champion Saina Nehwal are just a few of the other notables among the 56 celebrated individuals who were honored by President Pranab Mukherjee on Monday.

A Brotherly Bonhomie between Mukesh and Anil Ambani

When the two estranged billionaire brothers Anil and Mukesh Ambani accompanied their mother to receive the prestigious Padma Vibhushan award, there was no trace of the rivalry, but a brotherly bond and shared pride for their father’s legacy.

The two brothers who were accompanied by their wives, sat together, and were often spotted talking to each other at the Darbar Hall of Rashtrapati Bhavan, during the hour-long civil investiture ceremony.

While the chairman of Reliance Industries Ltd, Mukesh Ambani was spotted sitting for most of the ceremony, chairman of Reliance ADA group, Mr. Anil Ambani was seen escorting the dignitaries and several ministers to their mother for an introduction. Before the function began, Anil Ambani escorted Union Minister M Venkaiah Naidu to Mukesh Ambani’s seat, and they exchanged warm greetings.

Kokilaben Received the Award to a Round of Applause

When Rajiv Mehrishi, the Union Home Secretary announced the country’s second highest civilian award for late Dhirubhai Ambani, the Ambani’s present in the hall led the cheering with a huge round of applause.

Summary:

Kokilaben Ambani received the Padma Vibhushan award bestowed on her late husband Dhirubhai Ambani, founder of Reliance Industries(RIL), from President Pranab Mukherjee.

Anant Ambani’s Love for Temples and Animals

March 22, 2016

Anant Ambani, the younger son of India’s richest man Mukesh Ambani and his wife Nita Ambani, is a known personality among Indians. Be it IPL matches or his temple visits, people in the media and elsewhere nationwide always make sure to express their adoration for the young lad, who along with his twin siblings, Akash and Isha, is the heir to their father’s successfulbusiness venture, Reliance Industries Limited (RIL). The 21-year old youngster is currently pursuing his studies in the US so as to help his family in the business in future. Yet it does not hinder him from indulging in pilgrimage as was evident from his recent visit to the Somnath Temple in Gujarat.

Junior Ambani, as he is lovingly called by the media, visited the temple on 19 March 2016 to offer prayers and seek blessings for his studies. Although his physical transformation drew some attention from people making them believe that he is passionate about fitness, Mr. Ambani’s real passion lies in religious activities and love for animals.However, the fact that he lost considerable amount of excess weight in just a matter of months cannot be denied. It requires some amount of grit and dedication for a person to indulge in a fitness routine and follow a strict regime consisting of exercises and a nutritional diet. It is sure that his faith in God has helped him lead a healthy lifestyle.

A staunch believer of Lord Balaji, Mr.Ambani often takes time from his busy academic schedule and visits temples to offer his prayers. Other than being religious, he is also passionate about animals, with his favorite being elephants. During his 2012 visit to Tirumala Temple in Andhra Pradesh, Mr. Ambani also donated an Iravatham, a rare light skinned pachyderm, to the temple. He had also visited Srivari Goshala and spent some time with Jyothi and Padmavati, the elephants in service of Lord Venkateswara, before leaving for Mumbai.

Also a fervent supporter of sports like his mother, Mr. Ambani often joins her for IPL matches to cheer for their home team, Mumbai Indians, who have won the tournament title twice in its decade-long run. Known among these cricket players and family as a fun-loving and jolly person, Mr. Ambani will next make a public appearance in April 2016 during the 9thedition of the cricket extravaganza. Healso accompanies his parents for some special company events and soirees.

Anant Ambani was born in 1994 as the youngest child of Mukesh and Nita Ambani. His elder siblings, Akash and Isha, help their father in running the upcoming 4G service provider, Jio, which is scheduled to launch in April 2016.

Nita Ambani is working towards the Betterment of Indians

March 18, 2016

Nita Ambani is a personality who dons one too many caps. She is India’s wealthiest woman and the wife of India’s richest man, MukeshAmbani, who is the Managing Director and Chairman of Reliance Industries, India’s largest conglomerate. She is also the showrunner of one of the most successful teams in the Indian Premier League cricket tournament, Mumbai Indians. But more importantly, she is the Founder and Chairperson of Reliance Foundation, one of India’s largest philanthropic organizations that works towards healthcare, education, sanitation, women empowerment, sports for development, rural development, rescue operations, arts, and culture.

In her recent speech about women empowerment in the Women in the World summit in New Delhi, Nita Ambani spoke about her foundation’s attempt to provide assistance to hapless women in the rural villages of Gujarat and Jalandhar to bring about a change in their communities. She speaks with compassion about her initiative involving women who have less or no means to survive in these harrowed times. Calling fellow women of country her sisters, Nita Ambani extended her hand to help them make the country a better place, because it is a debt for her that she will go deep to repay.

At the employee launch of Reliance Jio, Nita Ambani talked about Reliance Foundation reaching new heights, Mumbai Indians winning two IPL tournaments, and Reliance Foundation Drishti helping underprivileged students with education and healthcare.

The Wall Street Journal calls Nita Ambani (sometimes addressed as Neeta Ambani in the media) a power player in the art world. It is because she is planning to open a world-class museum in India through her foundation, which has emerged as a go-to donor for major U.S. museums seeking to mount shows with ties to her homeland. This initiative in the arts and culture sphere will connect Indian artists to the world, which will ultimately drive India’s presence in the art world.

In 2014, Nita Ambani was inducted to the board of Reliance Industries Limited. Talking about his wife’s joining, MukeshAmbani said, “Nita has been engaged in several initiatives that have strengthened Reliance, right from building the world-class township and the ecological development at Jamnagar, next-generation office campuses, designing customer touch points of Reliance Retail, healthcare initiatives, successfully setting up and running institutions such as DhirubhaiAmbani International School and Mumbai Indians to, most importantly, managing Reliance Foundation.”

Nita Ambani-led Reliance Foundation was set up in 2010 to provide impetus to various philanthropic initiatives of RIL. The efforts of the group have already touched the lives of more than four million people across India, in more than 5,500 villages and urban locations. The Foundation is currently focusing on creating change in areas of Rural Transformation, Health, and Education, Sports for Development, Disaster Response, Arts, Culture & Heritage, and Urban Renewal. It has significantly contributed to and made measurable progress toward its vision of an inclusive India.

Summary

Nita Ambani, through her CSR organization Reliance Foundation, is striving to make India a better place to live.

 

Reliance Jio to RollOut Commercial Operations in April

March 15, 2016

As per a report from Exchange4media, Reliance Jiowill be spending over INR 1000 croreson its commercial launch. The company will roll out its official services in April 2016.

Preparations and Plans of Reliance Jio

In 2010, the telecom company had acquired pan-India 4G Broadband Wireless Access (BWA) of airwaves in the band of 2300 Mhz.The company made a soft-launch of its services at the end of December, last year, for employees of Reliance Industries and their families.

Earlier, Reliance Jio had said that the Financial Year (FY) 2016 – 2017 will be its first full fiscal year of commercial operations. The company wants to stand out from competitors by positioning itself as a digital content company. It will make content streaming packages, an important element of its strategy.

Reliance Jio will be rolling out digital services, applications, and digital content across the country. The company has 751.10 MHz of liberalized spectrum in the bands of 800MHz, 2300 MHz, and 1800MHz.

A recent report from India Ratings and Research, a credit rating agency stated that Reliance Jio’s launch will make the competition in the market more aggressive. The market share, credit metrics, margins, and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of other major telecom companies will be reduced.

Survey of Most Sustainable Companies

Reliance Industries featured in the list of India’s top 10 most sustainable companies in a survey. Other companies in the top 10 list included Mahindra & Mahindra, Vedanta, Wipro, and Tata Motors, among others.

The Confederation of Indian Industry (CII) ITC Center of Excellence for Sustainable Development had requested around 100 companies from 20 different sectors to participate in the survey.Due to low participation and transparency, sectors like media, transportation, and other financial services had the lowest scores.

The 20 different sectors include transport; textiles, apparels and accessories; media; diversified; consumer durables; pharmaceuticals;utilities; automobiles; other financials; banks;oil and gas;construction materials;capital goods; household and personal products; chemical and petrochemicals;food, beverages and tobacco;software and services; telecom services; metals and mining; and general industrials.

Out of 100 companies, 10 got the title of Sustainable Plus Platinum, 7 got Sustainable Plus Gold,while the other 83 got Sustainable Plus Bronze.

Sustainable Plus Platinum featured business that are the most sustainable in the country and Reliance Industries was included in this category.

As per the survey, the strongest dimension of sustainability is governance. It is stronger than dimensions like environment and social.

The impact of requirements of corporate governance, and transparency and disclosures in the Companies Act 2013 have definitely helped companies do better on governance”, the survey stated.

Companies have proper disclosures on stability risks, board structure and committees, risk management framework for addressing business, financial risks, and whistleblowermechanisms for important stakeholders. In addition to these, the companies have an employee code of conduct. This helps them to carry ethical operations and have a policy in place for managing conflict of interest, the survey added.

Summary

Jio will launch its commercial services in April 2016 by spending more than INR 1000 crores.

Sir HN Reliance Foundation Hospital Announces Week Long Women’s Day Offers

March 10, 2016

The Nita Ambani-led Sir HN Reliance Foundation Hospital at Mumbai is offering discounts on annual check-ups for women.

Week Long Women’s Day Offers

The hospital has introduced a number of packages as a part of its International Women’s Day celebrations. What’s more, the discount is not restricted to a single day, but is for an entire week. Starting from Women’s Day on Tuesday, 8th March, the offer will continue until next Tuesday, 15th March.

The hospital believes that if a woman is healthy, then her family is healthy as well. It is evident from its tagline for the offer, ‘Healthy Her. Healthier Home.’

Varied Packages

The hospital announced a range of offers. Under gynecology special offers, Sir HN Reliance Hospital has reduced theprices of the pap smear test, mammograms, and other ‘Well Women’ checks by almost half.

The ‘Well Women’ package earlier cost INR 11,500. Now its price is reduced to INR 7,500. At this price, women will have check-ups that include liver profile, diabetes evaluation, kidney profile, cardiac risk evaluation, routine urine and stool tests, lipid profile (mini), general blood work (CBC),  hormone profile, pap smear, imagining such as mammograms, and special procedures, as well as consultation.

The Special Women’s Day Package is priced at INR 3,500 as compared to the earlier INR 6,550. Under the package, women get check-ups like USG Pelvis, pap smear, mammography, Full BodyDEXA BMD, and consultation with a gynecologist.In addition to these, women get 3 vaccines of cervical cancer in a period of 6 months for INR 1,500.

Details of other special packages may be obtained from the toll-free number, 1800-221-166 or email id, ehc@rfhospital.org

Oncology at the Hospital

Reliance Foundation Hospital has a special focus on oncology.It is associated with one of the best cancer centers in the world, University of Texas MD Anderson Cancer Center. The first Indian to be a part of the Board of MD Anderson is Nita Ambani.Experts from MD Anderson are working closely with Reliance Foundation to set up a multidisciplinary cancer center at Sir H.N. Reliance Hospital.

In India, over 10 lakh people are diagnosed with cancer every year. For every 2000 cancer patients, there is only 1 oncologist. Reliance Foundation Hospital is thus focusing on cancer care. It is emphasizing the most common and fatal cancers in the country. These include cancers of the neck, genitourinary organs, breast, gastrointestinal tract, and head.

About Sir HN Reliance Foundation Hospital

Sir H. N. Reliance Foundation Hospital is a multi-specialty tertiary care hospital with 345 beds. Apart from oncology, it focuses on cardiac care, woman and child health, nephro-urology, orthopedics, andneurosciences. All of its rooms are designed to get sufficient and direct sunlight.

The newly-built building is of 19 floors. It includes diagnostics, emergency medical services, operation theatre complex, outpatient department, executive health check, and in-patient services. There are separate floors for day care, as well as woman and child health.There is anotherfloor dedicated to free and subsidized in-patient beds. Isolation rooms are also present on each floor.

Summary

Sir HN Reliance Foundation Hospital is giving discounts on annual check-ups for women under its week long offers.

Sir HN Reliance Foundation Hospital saves 2-Month Old Baby suffering from Frequent and Silent Heart Attacks

March 4, 2016

A two-month-old baby girl was successfully operated upon at Sir HN Reliance Foundation Hospital and Research Center in Mumbai.

Aditi’s Initial Condition

The girl named, Aditi Gilbilewas suffering from ‘frequent and silent heart attacks.’ These attacks were harming her heart muscles.

Doctors at the Sir HN Reliance Foundation said that the baby was constantly crying, panting, and feeding poorly when she was brought to the hospital.

A statement from the hospital said, “Doctors conducting an echocardiography on her found an abnormal artery origin which was turning away a majority of the blood supply from the heart, and was reversing the blood flow away from the heart as well.” Her artery could not pump the blood.

Because of this defect since birth, the baby was suffering from multiple heart attacks. She has suffered around 20 heart attacks, which were making her heart weaker. In healthy people, the pumping rate is around 55% – 65% while Aditi’s pumping rate was reduced to 15%.

When Aditi was 10-days old, her parents suspected something wrong. Her parents took her from Barshi to Pune to a child specialist,Dr.Chandrakant More. He said that the girl was suffering from Anomalous Left Coronary Artery from Pulmonary Artery (ALCAPA).

Her artery was taking impure blood to the lungs. For a normal baby, the pressure in the lungs becomes normal within a week of birth. But it was not so in Aditi’s case. The girl was getting very less amount of pure blood in her heart, which let to the silent attacks damaging the muscles in the heart.

Aditi’s defect was a rare condition, which may be often easily missed by doctors. The success rate in such cases is just 10%. Her mother, Preeti quickly picked up the signs. The parents later took her to Sir HN Reliance Foundation Hospital, due to which she was saved.

Aditi’s Treatment

Dr.Shivaprakashand his team at the hospital conducted some tests and confirmed that the baby was suffering from ALCAPA. He is the Chief Surgeon and Head of Paediatric Heart Center at the hospital. The doctorsoperated her on 22nd February.

It took 9 hours to complete the surgery. The doctors disconnected the artery from its wrong origin. Theyreimplantedit in the correct place in the aorta. They used a part of the tissue that covered Aditi’s heart to re-establish the part, where the artery was implanted. The reconstructed heart was given support for half an hour for efficient functioning. Her lungs and kidneys are also being supported.

After the operation, the baby had stiff lungs for three days. After two more days, she became normal. She is fine now and will be soon discharged in a couple of days. The team consisting of intensivists, paediatricians,cardiac surgeons, cardiac anesthesiologists, and cardiologists check her progress two times a day.

The doctors said that the girl is expected to have a normal life as she received medical assistance on time. The hospital has given a deducted cost of INR 3 lakhs for the surgery.

Summary

 

Doctors at Sir H N Reliance Foundation Hospital saved a two-month-old baby girl suffering from multiple heart attacks

Reliance Foundation to Conduct Exhibition of NasreenMohamedi’s Works

March 2, 2016

The Metropolitan Museum of Art at New York, popularly known as the Met,will soon be conducting an exhibition. The works of the late Mumbai-based artist,NasreenMohamediwill be displayed in the exhibition with the support of Reliance Foundation, headed by Nita Ambani.

Exhibition of Mohamedi’s Works

The exhibition will begin on 18th March and continue until 5th June. It is a part of the latest series of The Met’s modern and contemporary programs. The exhibition will be conducted at the notable building, created by Hungarian architect, Marcel Breuer.

The modern and contemporary section of The Met is headed by Sheena Wagstaff, who got Nita Ambani involved in the project. Both of them will be present at the grand preview, which will be held at Madison Avenue and 75th Street in Manhattan.

The Met credited Mukesh and Nita Ambani. It said that the exhibition is being conducted because of them and their Foundation. The exhibition will be co-hosted by Spain’s Queen Sofia Museum and Kiran Nadar Museum of Art.

The Met is the first museum to display a compilation of the artist’s works over a period of time. There will be nearly 130 drawings, diaries, and photographs of Mohamedi.

Wagstaff aims to present a larger view of modernism across a number of geographies of art with the exhibition.

Mohamedi’s Work

Mohamedi was one of the most notable artists who emerged in post-independent period in India.

Wagstaff said that Mohamedi was a great artist but not many people know about her. Her story is very touching and shows her artistic quest. She has drawn a number of historic sources of the world. Her photography was vivid and expressive.

The Met said that, “Mohamedi created a body of work that demonstrates a singular and sustained engagement with abstraction.”

Mohamedi added to the grandeur of South Asian art with her minimalist practice. This increased the potential for narratives inglobal modernism and the scope of modern and contemporary art in the world.

The exhibition traces the conceptual complexity and visual subtlety of the artist’s oeuvre,” The Met added.

Mohamediprimarily used pencil and ink on paper. She loved to play with organic forms, dynamic lines, and delicate gridsto increase the aesthetic value of the picture.

Mohameditraveled a lot from New York to Tokyo. She was attracted by both modern as well as ancient architecture. She was inspired by the works of Bohemian-Austrian poet, Rainer Maria Rilke and French philosopher-author, Albert Camus. She read Eastern as well as Western philosophy, and literature. Her diaries have quotes from Ghalib, Mohammad Iqbal, and Rumi.

Reliance Industries’ CSR

Reliance Foundation is the philanthropic arm of Mukesh Ambani-led Reliance Industries. Reliance Industries became the topmost company in Corporate Social Responsibility (CSR). It spent the highest amount of INR 760.58 crore for CSR initiatives in the Financial Year (FY) 2014 – 2015. In January 2016, Reliance launched its lifestyle series of smartphones under the brand of LYF , ahead of the launch of its 4G service, Jio.

Summary

An exhibition of the works of NasreenMohamedi will be held at the Metropolitan Museum of Art in New York with the support of Reliance Foundation.