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India's Biggest Newsmakers-2008
Living Media India Limited (India Today), Feb 2008, Pages: 13
Different companies are, or remain, in the news for different reasons— the most common being high profile takeovers, product launches and partnerships, glittering results or large expansion plans.
So, it should come as no surprise that the BT-Cirrus survey of the biggest news-makers of 2007 threw up Mukesh Ambani’s Reliance Group as the biggest of them all. Everything he, and his group, does makes news, mostly on the basis of sheer scale.
In 2007, it was more and more of the same. During the year, Reliance Industries continued to make fresh gas discoveries in the Krishna-Godavari Basin. For good measure, it even struck oil there for the first time. Then, it re-launched its Vimal brand amid much fanfare and merged IPCL into itself during the year. And finally, it delivered big numbers where it really counts—on its bottom line.
The younger Ambani’s group received highly laudatory media coverage for a host of issues: Reliance Communications’ payment of Rs 1,651 crore as GSM entry fees to the government, the group’s winning of the 4,000 MW Sasan ultra-mega power project, R-ADAG’s m-cap crossing the Rs 1 lakh crore mark, the emergence of the group’s mutual funds business as the largest in the country and Ambani Jr’s election as the Business Icon of the year in a poll conducted by India Today. Incidentally, group company Reliance Communications, at #18, scores higher than the group as a whole.
Another interesting point of the study is that Vodafone has leapfrogged from #174 in 2006 to #9 in the year under review. This is understandable; the company had no presence in India (save a 10 per cent stake in Bharti Airtel) till it took over Hutchison Essar in a very high profile bidding war in 2007. Hence, its improved performance…
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