Saturday, January 19, 2008

Governor Outsourced -Lou Dobbs Pardon the Aryans



Bobby was born in Baton Rouge, Louisiana on June 10, 1971.

Bobby graduated from Baton Rouge High School at the age of 16. He later attended Brown University where he graduated with honors in both biology and public policy.

He then attended Oxford University as a Rhodes Scholar, and received his graduate degree in 1994

Bobby Jindal currently serves as a U.S. congressman for the First District of Louisiana. Bobby was elected to Congress in 2004, and re-elected to a second term in November 2006. Since being elected to Congress, Bobby has achieved many legislative accomplishments, but none more notable than the successful passage of legislation to bring significant offshore energy revenues to Louisiana for the first time. During Bobby’s first term in Congress, he also:
Authored and led the passage of legislation to protect the second amendment rights of law abiding citizens during times of disaster.

Secured the passage of legislation to ease financial commitments for state and local school districts recovering from Hurricanes Katrina and Rita.
Ensured the passage of legislation to prevent discrimination against churches and faith based groups in disaster relief efforts.
Worked to secure $1.6 billion for education along the Gulf Coast after Hurricanes Katrina and Rita.
Jindal is the only member of the Louisiana delegation serving on the House Committee on Homeland Security and is also a member of the House Committee on Natural Resources.

As a candidate for governor, Bobby is working to provide a fresh start for Louisiana to move the state in a different direction and demand real results from government. Bobby believes the thirst for change in Louisiana is massive, and he is committed to improving the state’s education system, economic infrastructure, health care system, and instilling real reforms in government.

Bobby is married and the father of three young children; he lives in the first district of Louisiana.

Friday, January 18, 2008

Reliance Power- India's Energy -Super Subscribed !

Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally. The Company on its own and through subsidiaries is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India. Our 13 power projects are planned to be diverse in geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load center. The identified project sites are located in western India (12,220 MW), northern India (9,080 MW) and northeastern India (2,900 MW) and southern India (4,000 MW). They include six coal-fired projects (14,620 MW) to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects (10,280 MW) to be fueled primarily by reserves from the Krishna Godavari Basin (the "KG Basin") off the east coast of India, and four hydroelectric projects (3,300 MW), three of them in Arunachal Pradesh and one in Uttarakhand. Reliance Power has acquired the two ultra mega power projects of 4,000 MW each at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh. The 7,480 MW project to be located at Dadri in Uttar Pradesh is expected to be the largest gas-fired power project at a single location in the world. We intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers.

India's largest equity offer by Reliance Power mustered an equally large response with a subscription of 72.57 times over, as investors jostled to beat the Friday deadline despite another major crash on the bourses.

"This is the largest portfolio of power generation within a geographical area or a group anywhere in the world," Ambani had told a press conference earlier. The government envisages an addition of 80,000 MW in the 11th five-year plan (2007-2012).

The company, which is an associate of Reliance Energy, was in November awarded the 4,000-MW Krishnapatnam power project in Andhra Pradesh, with the lowest bid for a tariff of Rs.2.33 per unit among all qualified bidders.

Another major project of the company was the 4,000-MW Sasan power project in Madhya Pradesh, awarded in August.

Projects Currently handled by Reliance Power Limited
• Rosa Phase I, a 600 MW coal-fired project in Uttar Pradesh scheduled to be commissioned in March 2010.
• Rosa Phase II, a 600 MW expansion of Rosa Phase I which is scheduled to be commissioned in September 2010.
• Butibori, a 300 MW coal-fired project scheduled to be commissioned in June 2010.
• Sasan 3,960MW UMPPs promoted and awarded by the Government of India is expected to be the largest pithead coal-fired power project at a single location in India,scheduled to be commissioned by April 2016.
• Shahapur, a 4,000 MW coal-fired(1,200 MW) and combined cycle gas-fired (2,800 MW) project in Shahapur, scheduled to be commissioned in March 2011.
• Urthing Sobla (400 MW), a run-of-the-river hydroelectric project, located on the Daulinganga River in Uttarakhand scheduled to be commissioned in March 2014.
Five other projects—the gas-fired Dadri project (7,480 MW), the coal-fired MP Power project (3,960 MW) and three run-of-the-river hydroelectric projects, Siyom (1,000 MW), Tato II (700 MW) and Kalai II (1,200 MW).

Major Points of the Reliance Power IPO

Reliance Energy which holds major stake in Reliance Power will offload 11.5% stake from Reliance Power Limited. With regard to the listing the company has got principal approval from the Reliance Energy Shareholders.

Face Value Change : In an recent news, the SEBI has not agreed to the DRHP presented by the Reliance Power for its IPO and so the company has to alter some points to meet the SEBI instructions. As per the market news, SEBI has not agreed on the IPO offer price at Rs. 2 and the company is now considering to change the face value of the shares offered to Rs. 10, for this the Reliance Power IPO issue date may be delayed for at least a month according to the sources.

Reliance Power IPO Date : Subscription of the issue is expected to start around the 2nd week of January 2008.Subscription of the Reliance Power IPO will be high as the Retail and the Institutional investors are showing tremendous confidence in this issue, even before the subscription of the Reliance Power IPO started, Grey market premium is quoting around Rs. 60

Saturday, January 12, 2008

Global Genius of the Century - Indian -Ratan- Tata



For decades, Detroit has been the center of the automobile world and home to the Big Three auto giants.The $ 2500 price tag astonished a country where the cheapest listed car is the Chevy Aveo, which costs about $10,300 in a stripped-down Value version. "You can now buy a pair of Tata Nanos for about the cost of breast enlargement surgery," chortled one blogger, in a society that appears to be as obsessed with the human anatomy as it is with an automobile chassis. "If all the gas-guzzling SUVs on US roads were replaced by Tata Nanos getting 50 mph, would the US meet its obligations under the Kyota Accords?" .Tata mantra is important, for India just as much as the UK. In the 1980s, Margaret Thatcher's Britain gave Nissan permission to become the first Japanese carmaker to set up a production facility in Europe. Nissan's spit-and-polish plant in Sunderland breathed new life into one of England's most depressed areasit and as Jones points out "within four years, the top 10 auto component manufacturers in the world were there". The Indians, he says, can repeat that, to considerable profit for themselves.

The Nano has a monovolume style but with clever thought to enhance useable occupant space while reducing the overall length to occupy even lesser space on the road. At just a shade over 3.0 metres in length and 1.5 metres wide, it has a twin-cylinder engine that's placed horizontally at the rear and drives the rear wheels via a four-speed transaxle. The placement of the engine has helped give a low flat floor and good cabin space. An upright seating stance helps the four occupants survive the cut and thrust of the city commute with reasonable comfort. Given its proportions, the car should be easy to manoeuvre.

The engine is a 623cc twin-cylinder SOHC unit featuring multi-point fuel injection with about 34 bhp on tap. A great deal of innovation has gone into the drivetrain and its placement and the company seems to have truly pushed the limits on the engineering front with over half the 34 patents its team has filed pertaining to the drive train itself. One of the key patents is the introduction of a balancer shaft to iron out the typical primary bad vibes from a twin-cylinder engine.

Balancer shafts are used in both high performance motorcycle engines and for high performance motors in rally cars. The incorporation of such a detail displays the logic applied. Thinking differently yet logically has made the Tata boffins attain their minimum performance goals. But more is likely to come from this engine.

The zeal to reduce weight, so as to garner the best on-road fuel efficiency has seen Tata come up with tubeless tyres on the Nano. Similarly, innovative bonding technology of glass to the metal – employed on the tailgate – the ribbed roof to build in more strength and rigidity without adding more material have all played small but critical roles in slashing materials costs and weight resulting in the car's fuel efficiency

World's Richest from the land of Poor -India


After Reliance Industries’ Mukesh Ambani, it’s now his younger sibling, Anil Ambani to have personal wealth of over 1 trillion or Rs. 100,000 crore.
The market capitalisation of all ADAG companies stand at around 1.67 trillion while Anil Ambani’s personal share is over 1 trillion, though behind Mukesh Ambani’s wealth of 1.15 trillion.
Post demerger, ADAG companies - Reliance Communications, Reliance Capital, Reliance Energy, Reliance Natural Resources Ltd have significantly surged in market capitalisation resulting in higher shareholder returns.
In terms of richest Indians, the top two spot are now held by the Ambani brothers, followed by Bharti’s Sunil Mittal, recently listed DLF’s KP Singh and Wipro’s Aziz Premji