Petroleum prices are determined to touch the skies

Today, it was a great evening and i was prepaing for my forth coming engineering exams ( It takes David's braveness and smartness to clear VTU exams). I was tired of reading books and i took a break to chill out. While I was watching Sun TV news, there was a news pictured about petrol. To my surprise I learnt that in Chennai there is shortage of ordinary petrol (whose octane number varies from 80-86) and only performance petrol (Octane number 91) such as xtra premium from Indian Oil, speed from Bharat petroleum and power from Hindustan petroleum are available in the market. And the rumours are that this scenerio will follow up in rest of the country.

Recently there was a fuel hike which had a very big impact on the people. Petrol was hiked by Rs 5 followed by diesel which was hiked by Rs 3 and LPG by Rs 50. There are also rumours that governament has future plans of hiking the petroleum prices by some unknown value. But it is sure that because of the rising crude oil prices almost everyone of us are having many sleepless nights.

This is the perfect time to think for an alternative for our daily transportation before we end up paying Rs 1000 per litre to travel a mere 60km on the most fuel efficient bike or 10km on most fuel efficient car. There are welcome projects that are being carried on by most respected brands from Toyota Prius to hero electric bikes. Mercedes benz in india too is running tests of bio diesel on thier main stream cars such as C-class, E-class and S-class cars. There is also a replacement fuel for petroleum as written in New Scientist. The fuel is called green crude and is developed by Sapphire Energy in San Diego, California. This fuel uses algae, and it is produced as a by-product of photosynthesis by a genetically engineered strain of algae, housed in tanks of treated waste-water and exposed to sunlight. This fuel could be the fuel of the future.

Flash news: "Ranbaxy sold out for $4.6 Billion"

Ranbaxy laboratories limited, known to be India's largest pharmaceutical company headed by its CEO Malvinder mohan singh announced on wednesday, marking the largest ever deal in Indian pharma industry. Daiichi Sankyo, a japanese drug firm had acquired a mojority of stake in Ranbaxy for Rs.15,000 crore. Daiichi sankyo would also make an open offer for an additional 20% stake in Ranbaxy at price of Rs.737/share which represents a premium of over 50% on the average price over the last months. Under the deal on wednesday the japanese firm would acquire the entire 34.82% stake in Gurgaon based Ranbaxy laboratories limited from its current promoters Malvinder mohan singh and family, whch would make Daiichi Sankyo world's 15th largest drug maker. The family will net Rs.10000 crore by selling its stake in Ranbaxy.

Ranbaxy is said to be valued over Rs. 36000 crore i.e. $8.5 billion vefore the deal. The Purchase of shares from the promoters and through the open offer is expectd to value the deal between $3.4 - 4.6 billion, the two firms said in a joint statement. According to deal Malvinder mohan singh would continue as CEO and MD of the entity, which would retain the ranbaxy brand name. Singh will also assume the position of chairman of the board upon the deal's closure that is expected to be by march 2009.

After the deal Ranbaxy said

As the company moves into next level of growth it would benifit the organisation, its share holders and employers. Now it is clear opportunity ahead of us toleverage from each others strength.

Do Bollywood celebs sell themselves through blog...???

These days i have come across few blogs which had stunned me. When i read through out the blog i got to know it was a celebrity blog who was trying to communicate to his fans through his blog and know the pros and cons of his performance or to discuss the outcome of the movie. I have heard a news that even our big B (Amitabh Bachchan) has started blog. It is learnt that it is His personal blog. A site run by John Abraham is lauded to be the most stylish blog of all. It has his photograph, comments on his roles and above all a huge fan following. The advent of celebrity Blog was started By Aamir khan known to be a regular blogger. His blog takes his fans through making of his movie, comments about his roles, performance and his film. Now many celebrities in Bollywood are using blog as a powerful tool to market and sell their movies or give publicity and create awareness of their movie among audiences. Film makers Mahesh Batt, Anurag Kashyap have been blogging and bringing together best minds to the industries through blogs.

But on the flip side one doubts the authenticity of the blog which it tells Itself as a celebrity blog which can be started by fans in order to gain more popularity. So i have fairly kept this topic in general rather than mentioning the blog. It has to be seen how far will the dice roll and how well celebrity use this powerful marketing tool (Blog) which has set fire in Internet community and has gained a lot of popularity.