Why Mukesh Ambani is more successful than Anil Ambani? – Inspirational story…

Once before in 2019 Mr. Anil Ambani either you pay Eriksson 453 crore rupees or go to jail that time is super rich brother saved him from that feed and then it happened again this year you are personally liable to the three Chinese bank for our comms use of 700 million dollars, but sir I have a net worth of zero you Daikin industrialist socialite and fitness enthusiast there riches-to-rags story of Anil Ambani could well be a plot for a Bollywood film just like his father the Dhirubhai Ambani.

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Dhirubhai Ambani also inspired a film guru Dhirubhai was legendary for his audacious vision and his ability to successfully implement it

“If you don’t build your dreams someone else will hire you to help them build theirs while”

Started as a petrol pump attendant in Aden Yemen his son’s vocational him walk straight to the directors cabinet while returned to India with just 500 rupees set up reliance and took it public in 1977 the boy started life sitting on its board and that time of his death in 2002 Forbes ranked Dhirubhai Ambani as the world’s 130 eighth richest person with a net worth of 2.9 billion dollars leaving behind one of India’s biggest companies worth 75 thousand crore unthinkable to him that his two sons would fight over his legacy. Dhirubhai did not leave behind the wheel despite cracks forming between the two brothers even during his lifetime who were then Chairman and Managing Director of Reliance Industries respectively after the father’s death these cracks came wide into the open over who would own which company. There was no question as to who would get their flagship petroleum company reliance because Mukesh was the one who had built them main Patal Ganga plant and understood the business intricately Reliance Communications India’s second largest telecom company at the time was also micaceous baby having an vision and build it from scratch but Anil wanted it. Finally, it was their mother Kokilaben in 2004 five I need are calm mom supported by external negotiators chartered accountant s guru-murthy and banker KV Kamath who stepped in to divide the conglomerate Mukesh got all the old economy companies Reliance Industries petroleum IPCL infrastructure while Anil got all the new economy companies and renamed his group ad AG telecom Reliance Capital Energy Natural Resources and broadcasting and his legacy left him as the sixth richest man in the world with a net worth of more than 42 billion dollars just one step below his elder brothers forty three billion. It was broadly expected that since Ana had control over sundry sectors he would do better than Mukesh in the long run in his quest to further strengthen his hold in this sunrise sector in 2005 Anil bought ad lab films and their chain of theaters big cinemas which by 2008 had become the largest multiplex chain with 700 screens across India and overseas he also signed a 1.2 billion dollar deal with American filmmaker Steven Spielberg’s production company DreamWorks in the same year making some Academy award-winning movies.

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When Anil floated an IPO for Reliance Power it was subscribed in 60 seconds and record for Indian capital markets a Mills flamboyant lifestyle was a fairytale like his proximity to Bollywood celebrities on a loose was my genre program to politicians like Samajwadi parties. Amar Singh who had enough clout to have him nominated as AI onion through by Ambani having being elected as a member of the Rajya Sabha like his bi-weekly helicopter flight from his South Mumbai home to our comms office in Navi Mumbai named Dhirubhai Ambani knowledge seeking or his love for running and fitness which he apparently took up after an American investor.

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Mukesh boasting of the most expensive house in Asia worth 700 million dollars four and a half thousand crore anil planned his own luxurious house aboard also worth about the same amount in Bandra Pali Hill which is still under construction with so much money and attention around it seemed Anil star would shine forever things however did not go as planned relations between the once close brothers that were until then civil Saud instead of renegotiating an old deal in 2010 and Anil took Mukesh to court over the supply price of gas from Reliance Krishna Godavari Basin. Mukesh refused to supply him gas at the contracted price under the terms of the 2005 gas agreement brokered by their mother who Kokila had contracted to supply gas to onions our NRL at two dollars 34 cents per mm BTU even though its price had since risen sharply in international markets but the Supreme Court in accordance with the government’s gas utilization policy fixed the price at four dollars 20 cents per mm BTU in favor of Mukesh as Anil his next hit was in Telecom when our comb was set up they adopted the cheaper CDMA technology. While rivals such as Airtel and Hutch used the more expensive GSM while CDMA was a superior technology at 2g and 3G levels the world was moving towards 4G and beyond which it could not support once the tenure anti-competition clause with his brother lapsed into end Mukesh launched Jio and changed the face of the telecom industry in India within three years of Jio’s launch our comes one point six five lakh crore market capitalisation lost over 98% of its value and eventually went into insolvency proceedings in May 2018 both these were big setbacks for Anil.

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Now his dominoes began to fall one by one in an effort to reduce debt in 2014 Anil sold big cinemas to Carnival for seven hundred and ten crore and two years later parts of his TV and FM radio business to Zee for one thousand eight seventy two crore during his head is Anil to showcase his engineering capability took huge loans to build Mumbai Sea Link and the city’s verso Agard copper Metro both projects done below cost despite things falling all around him. Anil without domain knowledge tried his hand in the defense sector when in 2016 he bought p-pop of marine and offshore engineering so it was no surprise when the diversification failed and the market cap of Papa renamed Reliance navel fell ninety percent in 2019 from a billion dollars to a hundred million the Fuhrer over the Rafael deal in Parliament also added to his woes finally the profit making and cast generating Reliance Energy was sold off to Adani in 2017-18 for 2.5 million$ 18,000 crore took pay off debts loans that Anil defaulted on worth twelve thousand eight hundred crore also played a part in the downfall of yes bank as of December 31st 2019 Anil Ambani telecom naval infrastructure and power businesses have defaulted on loans over 43860 dollars his pile of deaths has also affected his other projects we had the Delhi Metro or power projects in Madhya Pradesh while Mukesh Ambani’s wealth saw ups and downs but remains steady at 43.1 billion$ last year on his fortunes tumbled to 1.7 billion and is reported to be worth less than 1 billion.

Mukesh Ambani House (Image: Business Today)

Anil monies deadly sins poor strategy are calm lost out when 4g came this way known drawback in CDMA pride chasing prestige projects with long returns rather than the bottom line like the ceiling over ambition looking outside of core competence areas like venturing into defense mismanagement taking more loans than the ability to pay in worst case scenarios like our comm navel etc mukesh on the other hand has not only kept a deep focus on his core business but entered two major sunrise sectors retail and telecom through a well-crafted strategy. Anil is not the only one to lose his fortune Ranbaxy is Shiv endure and Melinda Singh lost their ancestral 2 billion empire Ashika then Ravi can through you had to let go their bankrupt Essar Steel to ArcelorMittal VG Siddhartha of coffee cafe day ended his life citing debts and pressure from lenders the rage girl had to step down as chairman of Jet Airways which eventually wound up operations under a debt of 8500 TV mogul Subash Chandra lost his stake in Zee TV due to mounting debt the once billionaire is currently battling a lawsuit by three Chinese banks which are trying to recover 680 million$ they lend to our Comment 2012 debt backed by onions personal guarantee in a further spate of bad luck Reliance Capital the only business which was still doing well also got hit due to global recession after the corona virus epidemic a London Court has now asked him to deposit a hundred million dollars in six weeks but Anil pleaded, “I do not hold any meaningful assets which can be soon to pay them” now that the six week deadline is over and Anil is still out of jail it appears that he had enough personal funds to make the payment after the Jio-Facebook deal big brother Mukesh sauce even higher but with limited resources left the question is what next for Anil Ambani Baseball’s Limerick this is the story of Anil Ambani how his life was once full of glory but his death overloaded and capital eroded what chapters are left in this riveting story.

Dexamethasone- Corona Vaccine Update!!!

Finally some good news today dexamethasone is now being called a major breakthrough based on a recent randomized controlled trial in the UK. Dexamethasone also known as Decadron is an example of a glucocorticoid are sometimes referred to as corticosteroids other examples of glucocorticoids include hydrocortisone methyl prednisolone prednisolone, prednisone beta methazone and triamcinolone so glucocorticoids are a class of steroid hormones that bind to the glucocorticoid receptor in the body cortisol aka hydrocortisone is the glucocorticoid.

We naturally make in our body it’s essential for life it regulates or supports various cardiovascular metabolic and homeostatic functions it also plays a big role in our immune system especially when it comes to reducing certain aspects of inflammation this is why we use them all the time in medicine we sometimes give these steroids for asthma copd rheumatologic type diseases and countless more diseases. Sometimes it is also given for steroids for meningitis and also for some forms of cancer we also give them in the early course of severe ards acute respiratory distress syndrome whether that ards is due to infection such as pneumonia or vaping lung injury or whatever the cause for severe ards we typically give methylprednisolone or solumedral at a dose of one milligram per kilogram per day. So, for most people that ends up being around 80 milligrams per day so this is the equivalent of 15 milligrams of dexamethasone the idea here is to suppress the cytokine storm that has taken place meaning that the massive amount of inflammation that causes lung damage and can indirectly cause damage to other organs as well our body naturally makes cortisol in our adrenal glands specifically in the zona fasciculata of the adrenal cortex the adrenal gland then secretes cortisol into the bloodstream and the cortisol travels to different tissues of the body and then binds to the glucocorticoid receptor inside cells it then stimulates the cell to make more anti-inflammatory proteins and causes the cell to make less pro-inflammatory proteins but giving someone glucocorticoids meaning steroids to someone who has an infection is somewhat of a tricky thing because the fear is that if you suppress the body’s immune system it has the potential to make the infection worse. Sometimes the body’s immune system does more damage than the actual infection for example in cases of meningitis that is due to either streptococcus or tuberculosis we give steroids because the medical evidence shows that they have better outcomes when we do so and giving someone steroids for viral pneumonias like influenza is more controversial because doing so generally leads to worse infection with that said if the viral pneumonia is so bad to the point of causing severe ards most doctors will give steroids in that situation. So this is why, the general medical guidelines so far recommend against giving steroids for covert pneumonia unless the patient has severe ards and we’ve been waiting for randomized controlled trials to come out for steroids in covid and here we are now with this study so in march of 2020 the recovery trial which stands for randomized evaluation of covid-19 therapy was one of the randomized control trials that actually looked at several different potential treatments for covid which included low-dose dexamethasone this trial was done in the UK.

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Over 11 500 patients in it so this trial has not been peer reviewed as of has not been published in the journal yet so everything I know so far is based on what’s been released to the general public in this trial over 2100 patients were randomized to receive dexamethasone specifically six milligrams once per day for 10 days and this group was compared with over 4 300 patients that were randomized to the standard care alone so 6 milligrams of dexamethasone is the equivalent of 32 milligrams of methylprednisolone so this is about half the dose we would typically use for someone with severe ards so among the patients who received standard care alone 20-day mortality was highest in those who required mechanical ventilation this was 41 and then intermediate in those patients who required supplemental oxygen only this was mortality rate of 25 percent and the mortality rate was lowest among those who did not require supplemental oxygen in which that mortality rate was 13 for patients who were on mechanical ventilators dexamethasone reduced mortality from 41 percent to 28 percent for patients who needed supplemental oxygen it reduced mortality from 25 percent to 20 percent and there was no benefit among those patients who do not require supplement oxygen in other words if someone only had mild disease there was no point in giving dexamethasone so based on these results one death would be prevented by the treatment of around eight ventilated patients. So that’s the number needed to treat for ventilated patients and then the number needed to treat for the ones who required supplemental oxygen that number needed to treat would be 25 so these preliminary results are significant but it doesn’t mean that dexamethasone is a miracle drug it’s certainly not a cure but it does seem to help based on these numbers index and methazone could be of huge benefit and not just rich countries but poorer countries as well because this drug is very cheap and is widely available so this is great news and very exciting but there are still a lot of questions that need to be answered like what is the ideal dose should we use higher doses in patients who are mechanically ventilated with ards and when will it be approved for use in the united states and we’ll get these answers pretty soon now another.

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Interesting question is should we give decadron dexamethasone to people who have mild disease now even though this study didn’t show any benefit the reason why i bring this up is because some people start out with mild disease and then go on to have moderate or severe disease and we have no way of predicting who goes on to do that and also it happens very quickly lots of times someone could be doing just fine and then all of a sudden within hours they all of a sudden are deteriorating and they have severe disease so should we give those patients decadron regardless is there any harm doing so that’s another question that remains to be seen.

How to open a Franchise without money- US…

let’s talk about to open a franchise with no money so the first thing you can do, if you want to open a franchise with no money down is go to your friends and family look. I understand that that’s something that you may not want to do sometimes that’s a toughest conversation asking friends and family for money but I would assume if you’re willing to open a franchise and you have some skill sets you have a certain level of intelligence and a certain level of ambition so assuming that you have a good reputation and a good rapport with your friends and family then that’s the first place that you can go to get money to fund your franchise.

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Now when you’re approaching them for the money it’s important to be tactical and strategic about it and you don’t just say hey! can I borrow ten thousand dollars can I borrow twenty thousand dollars can I have fifty thousand dollars you have to go into it strategically so go into it with a business plan this is the franchise that I want to buy this is the amount of money that I need to get started this is a lot the amount of money that I think I will make with the franchise this is the time period which I can pay the money back to you and get on that loan repayment plan, another way to approach getting money from feds and friends and family to fund your franchise is to ask them to be a partner with you so although they may not want to work in the franchise themselves maybe they’re more willing to give you money or lend you money for the franchise if they are an owner or an investor with you so maybe you’re the one that runs the franchise and you handle the day-to-day operations the sales managing the staff managing the overall business and they get a percentage of the profits as a way of paying them back.

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The next way that you can fund a franchise is to get a loan and before you read about that real quick with the franchise so now in getting a loan to open a franchise business it’s important to note that one you’re going to need to have good credit and two you’re going to need to have an income that can support paying back. The loan and three the likelihood is you are still going to need money for the down payment on that loan if you get us an SBA loan which is Small Business Administration they require a minimum of 10% down from you in order to fund that business so what does that mean if you need $100,000 for your franchise business then that means you need to come up with $10,000 in order to here that loan so the question is how will you come up with that $10,000 and there’s a number of options that we’ll go over in a second of how you can do that one way you can do that is what we already talked about which is getting money from friends or family it’s so even with the Small Business Administration having a ten percent minimum requirement that you have to put towards the loan in order to open a business.

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Most lenders that issue SBA loans are going to require anywhere from 20% to 30% in order for you to secure that loan so again in that example if you’re looking to open up a business that’s a total of $100,000 you’re going to have to figure out a way to come up with twenty to thirty thousand dollars in order to secure that loan and so in a second I’m going to tell you about a strategy of exactly how you can do that without having to ask your friends or family for money another way that you can fund a franchise without having any money so to say is seeing if you have any 401k or retirement plans now as someone who has managed over a hundred million dollars over the course of career as a financial advisor typically. I would not recommend for someone to take money out of their 401k and that’s not what I’m recommending to you. So, I want to make sure that you get that clear because there are severe penalties and tax consequences that you should consult the tax advisor about but there are ways that you can leverage your 401k so if you’re still working with your employer you can take out a loan against your 401k in order to fund a business and when you take out a loan there’s one thing that you have to be very careful about the thing that you have to be careful about is that if you leave that employer and you have an outstanding loan they are going to make you repay that loan within a certain period of time usually it’s 60 days if that is the case if you don’t come up with the money and repay the loan for the 401k they count it as an early distribution you’re going to have to pay taxes on that money depending upon if it’s a pre-tax 401k and you may have to pay some penalties. 2 guys opened up first location they were going to need 300 just over $300,000 in order to get first location open so they had a significant equity in their home at that time and want to went ahead and apply for a home equity loan they secured a three hundred and ten thousand dollar home equity loan use that home equity loan to fund the business and to pay for the business about a year or so later they actually wind up moving they sold their house the home equity loan was paid for paid off and now they own the franchise in the business completely outright don’t have any loans on the business and then the last way that you can potentially buy or open a franchise with absolutely no money is to talk to the franchiser again it’s not about the resources it’s about your resourcefulness so it never hurts to ask them and to make a pitch if you’re truly excited and confident about the opportunity.

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Businesses that are majorly affected!!!

In the pandemic situation where the world seeks a miracle of vaccines, there are many business that came to halt or even they are going to be shut soon. Currently the major task of ours is to stop the spreading of corona virus. It is wisely said “If there is Health there is Wealth”. First we need to cope up with the pandemic situation and then business can be again built, if we stay alive.

CNBC Global CFO survey says that 40% of the business are facing the problem in transportation of the goods and it is expected that it would take more 5-6 months to start and run normally (25% of them said 6 months and other would take a long than that).

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“Nobody knows. The economic issues are totally driven by public health issues. You tell me how long we will be at home and I will tell you how long it will take for the economy and supply chains to recover.”

-words of Yossi Sheffi, Professor at Massachusetts Institute of Technology and the director of the MIT Center for Transportation and Logistics. Yossi Sheffi further says, if we want to build our business again as soon as possible than there is only one way out to do this and that is to join the war again corona virus and defeat it as early as possible, this epic war is started by many of the companies with their different types of help they can provide, like wise:

Auto manufacturers like Tesla and GM motors are providing ventilators to the hospital.

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(Image source: LosAngelesTimes)

Apple and Facebook are the largest in supplying protective mask in the U.S.

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HanesBrands in contract with US federal government has decided to make cotton mask when the use of N-95 mask will be minimum. They decided to make 1.5 million mask weekly, and further if needed can go upto 5-6 million mask per week.

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The supply chain is completely disturb there is over manufacturing as there is no one to load and unload the trucks. Border shipping is still allowed but shipping through overseas it still a major concern. There will be also huge disturb in supply chain of for pre-planned Indian weddings, as now weddings are postponed or might be done in simple way, the business related to it like party plots, wedding photographers, ca tress, decorators, wedding materials, transportation, apparels and even small-small business related to it. A single event covers many business so all the business are affected largely.

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The business of theater and restaurant are also at halt, which may cause a major set back as there are many of the workers working in restaurant it self. In film industry too many of the workers are engaged.

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Worst incidents of 2020 till date!!!

2020 is probably the year of histories to be created and to taught in the coming decades that how intelligent and cruel are the humans!!!

There is the series of bad events on it self starting of the year…again and again humans are proved that the level of damage can be upmost by them. We are taking ourselves to the path of destruction which might not have any end. Let us see what are the events that give us hint that 2020 will be written in history.

1- Australian forest fire

Australia encounters fires almost every year but this time it gave a new signal. Over 1 billion animals are believed to be dead and an estimated 2,000 homes were lost, the overall damage and economic losses would reach 100 billion US$.

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2- Flood in Jakarta- Indonesia

In Indonesia, flooding is common particularly during the rainy season of October-April, but this particular flood occurred in January and killed almost 70 people on Sulawesi Island and hundreds of people were displaced by heavy rain in West Java.

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3- Riots in Delhi

Riots in Delhi was based on anti-CAA protest in which violence, property destruction and also rioting that killed 53 people, most of whom were Muslims shot, slashed with kicks and set on fire by Hindu mobs in North East Delhi.

Image source: This week

4- The Pandemic- COVID-19

This is the worst situation till date of 2020 a 2 gm virus( research says that total molecules of corona virus from all over the world would weigh 2 gm i.e. equal to a coin weigh) it almost broke the economic condition of every country in the world.

5- Olympics & IPL- 2 biggest event of world brought to halt.

Due to COVID-19 outbreak 2 most popular event were called off which was very disappointing for the players as well as their supporter.

6- Brutal killing of Saints

This incident took place in Palghar were people of village mysteriously attacked the van on saints which was heading towards their senior saints funeral program. People on investigation said that they were informed that this van contain corona virus patient, it was more worse when police also joined people in this attack.

Man-Lynched

Image source: Siasat.com

7- Gas leakage- Visakhapatnam

This was a major gas leak in LG polymers chemical plant in Visakhapatnam which killed 11 people, 800 were hospitalized and many more faced issues like headache, ill, vomiting etc.

Image source: The Hindu

8- Justice for Blacks

The conflict raised when George Floyd, 46, died on May 25, after a video showing a white Minneapolis police officer kneeling on his neck for almost 9 minutes.

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9- Indian cinema lost 2 gems

Bollywood lost 2 precious gems Irfan Khan an Rishi Kapoor. Actor Irfan Khan were facing problem related to Neuroendocrine tumor which became the reason for his death where as on the other hand actor Rishi Kapoor died by Leukemia.

10- Brutal death of a pregnant Elephant- Kerala

This incident took place in Velliyar River in Kerela where a pregnant elephant came in search of food where local offered a pineapple loaded with fire cracker which exploded in her mouth, doctors tried to save her but unfortunately couldn’t save. Suspect was arrested by forest officials and was interrogated. This shows how cruel has mankind became over the years.

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Corona Vaccine Update!!!

The situation in the world are very worse and so our hope for vaccine also. Scienticts are trying hard and hard to discover the vaccine. Scientist and pharma industry from all over the world are in danger in terms of health and wealth.

Here are some updates related to corona virus vaccine;

Moderna Therapeutics‘ invented mRNA-1273 vaccine prototypes which is heading towards success with high speed. The vaccine, is currently in its second phase of testing is more likely to be tested ahead on its third phase of clinical testing, Moderna therapeutics plans to involve about 30,000 participants between the ages of 18-55 and those who are at high risk of corona virus. If the trials are successful than it would be much relief for the people all around the world, by the time, Moderna promised to manufacture 100 million doses of the vaccine. The third phase of the testing is most likely to start in July.

Oxford University & AstraZeneca of Brazil which is worst affected country due to COVID-19 are jointly working to develop the corona virus vaccine. Once they tried to develop the vaccine but it failed in testing, now after much of research and time they again got hope and now they are soon ready to begin the trails on humans. To speed up the development of vaccine and minimizing the clinical trial time they are conducting both phase I and phase II trials at the same time.

Serum Institute of India (SII) India is also leading in development of vaccine it has already tested for 18-55 age but side effects were observed and is again under development and testing. If India is able to development the vaccine first than India will become super nation as India will show to world that still India can do better in health sector and obvious youth is also at great potential so, ultimately it will attract many of the MNCs to India.

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