kabira Posted April 17, 2007 Share Posted April 17, 2007 New Delhi: The Reliance Company doesn?t lose often and for that matter neither do the owners, Mukesh and Anil Ambani. However, stealing their thunder is Railway Minister Lalu Prasad. The Indian Railways has borrowed $125 million or about 540 crore rupees from the US markets though private placement, and at an interest lower than anything Reliance Industries of Reliance Energies have ever managed. ?The rate was 6.35 per cent and 6.3 per cent for Reliance Industries and 6.5 per cent for Reliance Energy. We have succeeded in borrowing at 5. 94 per cent,? says OSD, Railway Ministry, Sudhir Kumar. Rail Ministry officials say Indian Railways has come of its own as a credit-worthy corporate entity, and the money will be put to good use. Says Kumar, ?The money will be spent on the rolling stock programme and also the capacity expansion programme of the Railways.? And the attempts by the Rail Ministry to become a viable and efficient corporate entity aren't going entirely unnoticed. US business schools like Harvard and Wharton have already come down to study this great Indian turnaround story. And it is now the turn of the US establishment. India's biggest employer is on the chugging along the path of recognition, and this time it is a kind of international recognition that public sector navratna are yet to receive. Link to comment Share on other sites More sharing options...
apocalypse Posted April 17, 2007 Share Posted April 17, 2007 Re: Laloo doing the magic..Railway Inc beats Reliance waah so Laloo has more contacts than Anil/Mukesh Ambani Link to comment Share on other sites More sharing options...
head coach Posted April 17, 2007 Share Posted April 17, 2007 Re: Laloo doing the magic..Railway Inc beats Reliance New Delhi: The Reliance Company doesn?t lose often and for that matter neither do the owners, Mukesh and Anil Ambani. However, stealing their thunder is Railway Minister Lalu Prasad. The Indian Railways has borrowed $125 million or about 540 crore rupees from the US markets though private placement, and at an interest lower than anything Reliance Industries of Reliance Energies have ever managed. ?The rate was 6.35 per cent and 6.3 per cent for Reliance Industries and 6.5 per cent for Reliance Energy. We have succeeded in borrowing at 5. 94 per cent,? says OSD, Railway Ministry, Sudhir Kumar. Rail Ministry officials say Indian Railways has come of its own as a credit-worthy corporate entity, and the money will be put to good use. Says Kumar, ?The money will be spent on the rolling stock programme and also the capacity expansion programme of the Railways.? And the attempts by the Rail Ministry to become a viable and efficient corporate entity aren't going entirely unnoticed. US business schools like Harvard and Wharton have already come down to study this great Indian turnaround story. And it is now the turn of the US establishment. India's biggest employer is on the chugging along the path of recognition, and this time it is a kind of international recognition that public sector navratna are yet to receive. Laloo is schedule to give talks here in US at many places including univs Link to comment Share on other sites More sharing options...
Guest dada_rocks Posted April 17, 2007 Share Posted April 17, 2007 Re: Laloo doing the magic..Railway Inc beats Reliance it's not laloo it'ss booming economcy and railway bureaucrats... laloo's mind worked and came up with stuff like khadi stuff in train and earthen cups... only ting laloo has done right is after seeing his nautanki and stealing can't work in delhi has given bureaucrats free rein.. yes don't bother going to his seminar so far in each and every of his seminar has not doleut out anything beyond condescanding pedantics like.. mehanat ayr lagan se kaam karte hain.. Link to comment Share on other sites More sharing options...
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