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Showing posts from December, 2020

Connection between Reliance and L&T associated with Dhirubhai Ambani

What is the story behind Dhirubhai Ambani's attachment with L&T company and its shares L&T logo: The beginning of the story Everything started back in 1987. When Manu Chhabria an Indian born Dubai based businessman picked up 1% stock in L&T.  Manu Chhabria was also known for his hostile takeovers of Indian business. He had already made his name by taking over Dunlop, Shaw Wallace, etc. When the news of Chhabria cornering 1% share of L&T was out. There was fear everywhere in the company.  Then Dhirubhai Ambani came to rescue. N M Desai, the erstwhile chairman of L&T approached Dhirubhai Ambani for rescue..With this Sensing an apportunity, Dhirubhai Ambani picked up 18.5% share of L&T in 2 year by spending around Rs. 192 Crore. With this the threat from Chhabria was neutralised and everyone thought this was happy ending. With 18.5% stack in L&T, Dhirubhai got seats for him and his sons in board of directors. Dhirubhai was elected a chairman of L&T. And

Are MBA programs really worthy or polluting the corporate?

MBA's programs arenot creative and thoughtful according to leading companies CEO "Too many MBAs are polluting the corporate" ELON MUSK Elon Musk is known for his bravely keeping his view in front of the world. One such incident happened where Elon speaking about leadership said that MBA's are affecting the thinking abilities of companies. He said that MBAs are just concerned about spreadsheets and financials and do not put in extra efforts for the product/service. Business School leaders did not like the statement of Mr. Elon Musk though others approved. Elon Musk is the not the first one to talk about the irrelevance of MBA programs. Many such leaders in the past like Jeff Bezos have said similar statements before. The striking fact here is that companies like Tesla and Amazon are the one that receive the highest number of applications from MBA graduates. Also, it is worth nothing that Elon Musk had once said that he never hires people because of their MBA. We live i

Floyd Mayweather richest athletes in the world

  How can Floyd Mayweather became richest athlet in the world  Here are some facts that defines Floyd Mayweather's legacy   Floyd Mayweather is a former American Professional Boxer. He has generated $1.67 billion in revenue throughout his career. But Only to lose his fortune to wild spending habits and bad investments. Take a look yourself. He is reported to spend so recklessly, he's known to carry around a backpack filled with $1 million in cash for shopping. But According to 50 Cent, an American Rapper, and his former Business Partner, the champ has no Income outside of fighting. The rapper summed up, " It's fight, get the money, spend the money, fight. Fight, get the money, spend the money, fight" That's why Mayweather has retired 3 times in his career and his planning to come back again and maybe again and again Next➡️  Click on below link to read👇 How Apple manage to saved taxes

How Apple manage to saved taxes

Apple One of the leading brand in the world   here are some of the facts that tell you how Apple manage to saved taxes   Apple managed to avoid paying billions of dollars in taxes by setting up subsidiaries in Ireland. In Ireland, companies are taxed based on where they are incorporated. Since Apple is incorporated in the United States. So, no tax to be paid in Ireland. The U.S. tax code, in contrast, calculates a company's tax liability based on where it makes or keeps its money But Apple was keeping all the money it made in Asia and Europe in Ireland. This distinction allowed Apple to fall between the cracks of the tax laws of the two countries. In so doing, between 2009 and 2012, it kept $74 billion out of the reach of the American or any taxing authority. Because Apple broke no rules. The technique Apple started of routing profits through Irish subsidiaries and the Netherlands then to the Caribbean to avoid American taxes has been copied by many other companies since. Next ➡️ 

How Taj Hotel Mumbai started

S uccess story behind the beginning of the magnificent Taj Hotel Back in 1980's, Jamsetji Tata, an industrialist known for his nationalism, was invited by foreign friend to dine at a 5 star hotel in Mumbai. As he walked in with his host, he saw rudley greeted by the english hotel manager with the word - "We don't allow Indians here." How would you reply to an insult like this - an insult to you, to your country, to your countryman ? Well if you are Jamsetji Tata, you build one of the finest hotels in the world.  Jamsetji Tata spent £ 300,000 on the Taj Mahal hotel in Mumbai. He chose a site facing the magnificent ocean, selected one of the leading architecture and equipped the hotel with the best facilities. Jamsetji's friends and business associates urged him not to go ahead with the project as it would lose money. However Jamsetji Tata said "Perhaps it will. But it will make no difference."  When Taj's doors opened in 1903 it inspired delight an

How Neymar broke the transfer market to join PSG

How Neymar broke the transfer market On 3rd August 2017 Neymar Shocked the world by joining Paris Saint Germain (PSG) for a world record €222 million, if it was a move that sent the shockwave to the football world not just because of the sheer scale of the financial transaction, but also it's knock-on effect. In may 2016 PSG made their first move. The board believe in order to win the competitions they are going to have to attract the world's best Messi and Ronaldo were considered, but they wouldn't offer long term returns. So they targeted Neymar Jr only for him to sign a new contract.  However Neymar Jr had proven he could step up in Messi's absence, scoring 12 goals in 13 games without him in the previous 2 seasons. And even outshone him in La Remontada. Neymar was superb that night scoring 2 goals, winning a penalty and providing an assist in the comback.   The next week, Messi shows everyone who's the boss by scoring 92nd minute winner goal in El Classico,

Renewable energy has grown faster than ever before in 2020

In 2020 Renewable energy has grown rapidly than before PRmade    In 2020, renewable energy has grown faster than ever before.Defying gloomy predictions that the pandemic would hit clean energy hard.  Renewables are now on course to be the world's largest source of electricity by 2025. Ending the 59 year reign of 'king coal". Of all new power capacity created this year, 90% is non renewables. And the amount of 'green electricity generated has grown by 7%. In 2021, growth in India and around the world is set to push renewables to even greater heights. Global renewables capacity has already grown 500% since 2010. Solar capacity has increased by 48 times and wind capacity has quadrupled. This power Shift is reflected in the stock market. The value of solar shares has more than doubled since December 2019. While fossil fuel share prices tumbled amid investor uncertainty. However, electricity only accounts for a fifth of total energy use. With the majority of emissions comin

Wealthy influencers and businessman of the India

List of wealthy influencers and also businessman of India 2020   PRmade December 13, 2020 Hinduja Brothers The Hinduja Brothers rank at the first place with the wealth of Rs, 1.43,700 crores having properties in Mumbai, Geneva and London. Despite having a personal dispute between the brothers, they still have a collected whealth of around $12.8 billion. Shapoor Pallonji Mistry Shapoor Pallonji Mistry is the second richest Indian NRI to exist in 2020. His company has its headquarters in Mumbai. The company's operations are also handled through Monaco. Both father and son manage the Company's operations remotely. Jay Chaudhari Jay Chaudhari has a wealth of Rs. 65,000 Crores and is the owner of his company Zscaler. He ranks third on the list, and made his profits made possible thanks to his wife. Laxmi Mittal Laxmi Mittal has been a key figure and a repeated name in the richest Indian NRI list for a while now. This year he ranks on a 4th place. He currently resides London and is

Why footballers earn more money

Why footballers earn more money  PRmade December 12, 2020 We are discussing here why football players earn more money than they deserve We have very interesting debate when someone claimed "footballers truly deserve their high wages" and 57% of football fans were disagreed with the statement. So the majority of people say that footballer don't deserve this much money. Personaly I think this is rather an easy excuse than well thought issue. I agree that footballer deserve their money and here we are going to see why We live in a world where your income depends on your value for society. The value footballers like Cristiano Ronaldo and Lionel Messi provide is that they Entertain us. Like people like to bring up the argument "Doctor save life so they deserve more money than footballers." Off course saving a life is way more important than entertainment, but when Ronaldo and Messi bring joy to hundreds of millions of people. If one doctor saved millions of lives, wh