February 23, 2010

Here is a Real Story of Ratan Tata

So many people around the world want to know that "What is the Net Worth of Ratan Tata"?
TATA Group is running 96 businesses and out of which 28 Companies are publically listed on the various stock exchanges. Tata Group is world's top 50 Group according to Market capitalization and Reputation.
Have you ever thought why Ratan Tata's name is not in the list of Billionaires club? Why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of the world?
The reason is that, TATA Group's 96 companies are held by its main Company "TATA Sons" and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group.
Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main 65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable organizations.
So this 65% ownership of Tata sons Limited is not reflected on Ratan Tata's personal Financial Statement but on the various charitable organizations. And this is the reason why Ratan Tata is not in the list of Billionaire club.
If we put this 65% ownership of Tata Sons in Ratan TATA's own personal financial statement then Ratan Tata's Net worth can become more than    $70billion. And that's much more than the Warren Buffet's Current Net Worth of $ 62 billion, the world's richest person according to Forbes magazine 2008.

However, it doesn't mean that Ratan Tata is poor. In one interview he had told the reporter that, "I have my own Capital". He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata's Net worth is not $ 1 Billion.

He is not a billionaire on paper. But in reality he may be the richest person of the world. His net worth in reality is more than Bill Gates and Warren Buffet.
So the good thing about Tata Group is that, they do charity out of their own money.
And that is the reason TATA Group has generated so much of goodwill over last 5 generations,

February 2, 2010

ಒಸಾಮಾ ಹೇಳಿದ ಸತ್ಯ!

Osama bin Laden lends unwelcome support in fight against climate change

Drudge, Fox News and other right-wing media seize on al-Qaida leader's taped comments reportedly sent to al-Jazeera
Climate science is under assault, progress towards a treaty to end global warming is shuddering to a halt, and Barack Obama is struggling to press on with his clean energy agenda.
This was the last conversion to the environmental cause that anybody would have wanted.
In a new audiotape that surfaced today on the al-Jazeera network, Osama bin Laden has pronounced himself a believer in climate change and blames America and other industrialised economies for failing to rein in greenhouse gas emissions that are warming the atmosphere.
"Speaking about climate change is not a matter of intellectual luxury — the phenomenon is an actual fact," the tape says according to al-Jazeera. "All of the industrialized countries, especially the big ones, bear responsibility for the global warming crisis."
The utterance immediately got star billing on the right-wing blog Drudge Report as well as a mention on Fox News - both repositories of opposition to action on global warming. And the Conservative RedState website asked, "What is the difference between Bin Laden and Al Gore?"
The tape whose authenticity has yet to be confirmed by intelligence agencies, is the second purported message from the al-Qaida leader in a week. In the latest recording, he calls out developed world economies for continuing to produce global warming pollution even after signing on to the Kyoto protocol. America stayed outside Kyoto, which Osama noted.
"George Bush junior, preceded by [the US] congress, dismissed the agreement to placate giant corporations. And they are themselves standing behind speculation, monopoly and soaring living costs."
"They are also behind 'globalisation and its tragic implications'. And whenever the perpetrators are found guilty, the heads of state rush to rescue them using public money."
The al-Qaida leaders also calls on the global economy to stop using the US dollar, and praises the political analysis of Noam Chomsky.
Osama's concern for the environment is not exactly new-found, but it is intermittent. In a 2002 letter to the American people, Bin Ladenwrote: "You have destroyed nature with your industrial waste and gases more than any other nation in history. Despite this, you refuse to sign the Kyoto agreement so that you can secure the profit of your greedy companies and industries."
His latest pronouncement comes at a time when the Obama administration might be compelled to retreat on its pledge to bring the mastermind of the 9/11 attacks to trial in a Manhattan courtroom, which has run into intense opposition.
The administration is also trying to find ways of moving ahead on its climate change and energy agenda despite paralysis in Congress.
Obama, in his state of the union address this week, promised to incorporate two cherished Republican energy options — expanding offshore drilling and building more nuclear plants — into his energy plan.
Meanwhile, the White House is doing what it can to reduce greenhouse gas emissions — even if Congress fails to bring in climate change legislation.
The White House today announced that it had directed all federal government departments to reduce emissions by 28% over 2008 levels by 2020. That is a more ambitious target than America's official position in the global climate change negotiations — a reduction of 17% over 2005 levels by 2020.
The White House said the action would save 205 million barrels of oil and was the equivalent of taking 17 million cars off the road for one year.
Meanwhile, the Pentagon is set to formally declare on Monday that it will take climate change into account in its long-term strategic thinking. The new focus on climate change comes as part of the quadrennial defence review, which is presented to Congress every four years.