Metro: It just got ‘Mumbai’ed!

Mumbai saw the newest addition to its glory in the form of Mumbai Metro, and it made every mumbaikar happy. But the sudden announcement of the metro was left for open debate. The state needed to show some progress and are under pressure due to the upcoming assembly elections. Started  construction in 2006, it was completed in the end 2013 after a 2 year delay. It is an astonishing delay, when you consider that Dubai built man made Palm islands in 8 years! The delay was attributed to getting the requisite permissions from various authorities and public protests.

In the process, Mumbai also scrapped further expansion plans as they are not happy with the Mumbai Metro One Pvt. Ltd., the contractor. MMOPL is co-owned by Reliance (ADAG) Group and Veolia Transport, and Reliance has got one up by branding the Mumbai Metro as Reliance Metro. (more…)

Petrol Prices in India dip by Rs. 2, but still costly than a beer

Often when elections near, you get some cheer! Here, have some beer!

Beginning Wednesday, the price of petrol will fall in Delhi by Rs 2.22 a litre and by Rs 2.34 a litre in Mumbai.

It is not very clear from all explanations we have got why this price dip now? The Minister of State for Petroleum RPN Singh states that the dip is in line with the crude oil prices and not a political decision. Ever since de-control of petroleum prices, this is the first time ever all three PSU petroleum marketing companies have reduced prices. I still have my own reasons to believe that it is not the prices; it’s the votes that have forced the dip.

While last time around, the oil marketing companies had asked the media not to go by the international crude oil prices but see Indian crude baskets. The minister vehemently defended saying Oil companies have turned up to the media and have made it public that they will not make any profits. Pressure from all corners, including its strong ally, forced government to take this step.

According to a report by a leading Indian News channel, Mukesh Ambani’s Reliance Petroleum sells most of its refined petroleum products out of India, which means its products, are exported rather than used for the domestic consumption. I am not sure about the authenticity of this news report, but if it is any true, I need to understand why?

Globally, crude oil prices have gone up to 110$ per barrel from 80$ per barrel last year. At the same time, Rupee has depreciated against $ to reach Rs. 50 per US Dollar. This hike is caused by reduction of crude oil supply from Libya and other factors. The linked excel sheet will give you a prospective about how the Crude Oil prices have fluctuated.

Global Crude Oil Prices from 1978. (Excel, Size: 387KB)

Now with decontrol is in place, we have to get used to see frequent changes in prices which will reflect (according to Ministry and Oil companies) true value of a one liter of petrol that goes into your vehicle.

Psychological Factor for our domestic market is any hike in fuel prices will in turn inflate prices of all essential commodities. Irrespective of the fact that hike might only be affecting Petrol. We all know that India’s transport sector relies on Diesel for transportation and any rise in petrol should never affect the prices for this sector. But eventually it does. Something I do not understand is how we can allow this to happen when diesel is still subsidized and we, the tax payers pay for it.

Reliance GSM Network Quality (Review)

Updated on 3rd April 09, original article dates back to 15th January 09.

Reliance GSM Network Quality is poorer than I would have thought.

Initially when I had inserted the SIM card and started the phone, It was working fine. Reliance to Reliance, GSM and CDMA both does not have a major connectivity problem with each other. Its for others who you have to bargain for. Connectvity to Airtel suffers big time, Vodafone was just ok.

Features

Other than its Network Quality, on a positive note for customers is that 900 Rs. worth of talktime you would get for a period of 90 days i.e. Rs. 10 every day (not in all circles). I have not been able to get in touch with customer care so that I can calrify a few doubts.

  1. Every day you would get 10 INR as talktime/
  2. For the first two days, you get Rs. 20 as validity. For the first day, you get Rs. 20 with validity of  two days. Then, Rs. 10/- each day till 90th day since your activation.
  3. Reliance to Reliance free, after 11.oo Pm
  4. No information about GPRS etc.
  5. 6 Months Validity
  6. Rs. 25 for Sim card and Rs 50 first recharge.

With these information still at bay, you cannot have a good review. Wait and watch for a full review.

Update day two:

Call quality was very good against as expected. I don’t get network inside my office premises. Making a call is still a pain, you have to dial the same number some ten – fifteen times to get connected.

Update: Month One

Call quality is still superb, but Connectivity issues remain. Mobile GPRS enabled, Browsing as quick as others, though not better. Making a call still remains the pain, but otherwise the connection is active. Reliance GMS Call Quality is as same as the CDMA which really is appreciated. Call drops are more frequent, hence issues still remains on the network front.

Update: Month Two

After two months of using Reliance GSM Network, the Quality of Network has gone up, disconnections between calls have come down (call drops), Customer service pathetic. Customer Service is not good enough to beat the leaders in the Industry. Call quality has come down a bit, though making a call still is a pain.

Update: Month Three

The free talktime is now finished, hence I have stopped calling these days.

Network remains bad. Call quality remains superb. Calling still is a pain and Call Drops are high.

Merge: RIL and RPL in da house

You might have heard the same news in 2002 about Mr. Ambani is merging RPL and RIL.

Well, the same is happening again. Why is something nobody is interested in asking, for the reason is pretty much clear. The tax soaps and a lower price in the market are two major reasons to get things  moving quickly.

The board is meeting on March 2nd to decide on how to do that. Chevron’s 5pc stake in the refiner would be bought out at the same price Chevron bought them in April last year.

This could help Reliance to gain a place among the world’s top refiners.

Sensex will tank: Sell Reliance to profit

The sensex will tank today amid the growing speculation on the negative fallout of Obama’s stimulus package. Dow has fallen to 12 year record low.

Reliance is expected to open on high as the news is spread about the brothers meeting hinting of a possible truce. There reports are just the rumours, however the two may meet on the platinum birthday celebration their mother, Kokilaben.

If you see your Reliance share in profits, sell it.