Columbus Magnet

Talk about India’s achievement in cricket and one cannot help mentioning the name Sachin Tendulkar, while Mukesh Ambani’s mention is inevitable when talking about India’s energy sector or Reliance’s strategic backward integration. Both are eminent personalities, who have crossed paths many a times, the most recent example being, the presence of Sachin Tendulkar at the ceremony wherein Mukesh Ambani was honored with a Dean’s Medal from the University of Pennsylvania in Mumbai. Sachin Tendulkar also happens to be a part of the cricket team ‘Mumbai Indians’, which is owned by Reliance Industries Ltd. through its wholly owned subsidiary IndiaWin Sports.

Just as Sachin Tendulkar’s contributions to the field of cricket have helped shape India’s reputation in the world of sports, so has Mukesh Ambani’s contributions to Reliance Industries and its key strategy of backward integration helped put India on the corporate map of the world. While Sachin Tendulkar has won millions of hearts with his indisputable cricket skills, Mukesh Ambani has grabbed attention for commissioning gas production from one of the world’s largest deepwater gas projects in a record of six and a half years in the Krishna-Godavari basin. Natural gas production has been commissioned from the Krishna-Godavari D6 Block in record time as against the world’s average of 9-10 years for similar facilities.

While Sachin Tendulkar completed 20 years of his career in international cricket in 2009, Mukesh Ambani was ranked as the richest man in India according to the Forbes annual rich list. 2009 was also special for the CMD of Reliance Industries as the design capacity assessment for the KG-D6 block was completed, which currently produces 60 million standard cubic metres of gas. Both the masters had an early start in their respective careers. While the ‘little master’ had an early beginning at the age of 16 in Test match cricket in 1989, Mukesh Ambani joined Reliance Group in 1981 to assist his father Dhirubhai Ambani. Sachin Tendulkar then went on to make and break numerous records including being the only player to be featured in the top 10 ICC rankings for 10 years.

Sachin Tendulkar is the only player to take 150 wickets and score more than 15,000 runs in ODIs, and to take 40 wickets and score more than 11,000 runs in Test cricket. Sachin Tendulkar is also the only batsman to have 100 hundreds to his credit in first class cricket. On the other hand Mukesh Ambani is the only Indian who can be credited for the strategic application of backward integration in business that took Reliance from textiles to into fibers, petrochemicals, petroleum refining and most recently oil and gas exploration and production. While the ‘master blaster’ has led the Indian cricket team on various occasions, Mukesh Ambani has successfully led Reliance which is now a global leader in polyester, petrochemicals and refining, and not to mention the world’s largest petroleum refinery complex at Jamnagar.

Both champions have made the nation proud on national as well as international fronts. Mukesh Ambani’s efforts and leadership was recognized by the Honorable Prime Minister Manmohan Singh when he bestowed with the first NDTV Profit Global Indian Leader award and the Economic Times’ Business Leader of the year award in 2006. He has also been honored by the Defence India Excellence Award in 2007 and the Indian of the Year Award by NDTV for his contributions towards the betterment of the nation. Sachin Tendulkar too has been honored and recognized for his achievements on the sports front by being the only cricketer to be bestowed with the Rajiv Gandhi Khel Ratna (India’s highest honor in sports), the Arjuna Award and Padma Shri by the Government of India.

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Reliance Industries Limited (RIL) Chairman & Managing Director Mukesh Ambani was awarded the inaugural Dean’s Medal from the University of Pennsyvania’s Eduardo Glandt, Dean of the School of Engineering and Applied Science today.

The medal was awarded to Mr Ambani at a function here in recognition of his “visionary leadership” in the application of engineering and technology for the betterment of mankind. .

“The medal is an acknowledgement for Ambani’s ingenuity and initiative to usher in Reliance’s vertical integration journey from textiles into fibers, petrochemicals, petroleum refining and eventually oil and gas exploration and production. Today, Reliance is a global leader in polyester, petrochemicals and refining, including the world’s largest petroleum refinery complex at Jamnagar. His vision of energy security for India was realized through an aggressive exploration program which resulted in the world’s largest gas discovery in the year 2002. The field eventually doubled gas production in India,” a press release from the School said.

“Mukesh Ambani embodies what the engineering profession can contribute to a country, as someone who seeks to apply technology for the betterment of society,” Mr Glandt said.

Mr Ambani said in his acceptance speech that he would treasure this medal. “It is much more than the recognition of the modest contribution as a chemical engineer from India. It recognizes the collective achievement of the Reliance family and the creativity of over 25,000 engineers in Reliance. I dedicate this Medal to the indomitable spirit of our founder chairman, Dhirubhai Ambani and each and every member of the Reliance family,” he said.

Mr Ambani joined RIL, founded by his father Dhirubhai Ambani, in 1981 after receiving a bachelor’s degree in chemical engineering from the University of Mumbai and pursuing a master’s degree at Stanford University’s Graduate School of Business.

Among Mr Ambani’s numerous honors are the 2007 US-India Business Council “Global Vision” Award for Leadership; the 2006 “ET Business Leader of the Year” Award by the Economic Times and the first NDTV-Profit “Global Indian Leader Award” in 2006.

In 2008, Mr. Ambani was elected Vice Chairman of the Executive Committee of the World Business Council for Sustainable Development. He is a member of the Prime Minister’s Council on Trade and Industry and of the Board of Governors of the National Council of Applied Economic Research. He is also Chairman of the Board of Governors of the Indian Institute of Management, Bangalore, and a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, the International Advisory Board of the National Board of Kuwait, and the Advisory Council for Stanford University’s Graduate School of Business, among other appointments.

The University of Pennsylvania is a world leader in higher education, drawing 10,000 undergraduates from around the world and more than 11,000 additional students enrolled in Penn’s 12 graduate and professional schools.

The School of Engineering and Applied Science at Penn is one of the oldest in the United States, established in 1852 as a School of Mines, Arts and Manufactures. It has since grown into a centre of excellence in the creation of technology, leading to the first general-purpose digital computer, ENIAC, making Penn the birthplace of the digital revolution.

Reliance Industries Ltd., today in a statement said, “We are shocked and outraged at the false, malicious, motivated and libelous news on TV5 channel concerning the fatal mishap of Shri Y. S. Rajasekhara Reddy’s helicopter. We condemn, rebut and reject the allegation with the contempt it deserves. It is the dirty handiwork of our business rivals in cohoots with TV5.”

The statement followed the accusations made by TV5 that allege RIL’s involvement with the helicopter crash of Y. S. Rajasekhara Reddy. The accusations were made by the channel citing an unsubstantiated news report from a little known website.

Following the allegations by TV5, a couple of other Telugu news channels aired the same report. The repercussion of the allegations were seen when irate Congress workers went on a rampage of damaging retail outlets of Reliance in Andhra Pradesh.

Source: http://ril.com/downloads/pdf/PR08012010.pdf

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Ashley Furniture home store has grown old in the markets but the designs of the furniture are highly contemporary and fit the demands of the consumers perfectly. There are many reasons that make it unique from the other dealers available in the market. Ashley has focused on offering splendid range of items which is only a part of its famous story. Ashley furniture customer service provides the following services to its customers:

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