Asian Voice

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The Shirdi Sai Temple in Brent which faced closure after being targeted by some of the gerrymandering members of the Brent council, has now won its case against the council and the enforcement notice has been finally withdrawn. Shri Ram Bhat, an ardent devotee of Shirdi Saibaba told Asian Voice, "It was a great relief to know that Brent council planning committee has done a right thing finally by removing the enforcement order looming on Shree Shirdi Sai Baba temple in Wembley; I never doubted about the outcome, all I was concern is how far Brent council will go to try and hide their wrong doings in this matter, and torture the devotees and trustees. Continued on page 6

Sri Lanka President promotes son

80p

Ambani brothers at odds again?

Entry of Mukesh in financial services may worsen their relations

Mukesh and Anil Ambani

The fragile peace between the Ambani brothers is set to stretch further with the entry of Mukesh Ambani in the field of financial services sector that will compete directly with a company controlled by his younger brother Anil Ambani. With the entry of cash-rich Mukesh in the field, the cash-strapped Anil will feel the heat. This will strain the fragile relations between the two brothers. Ten months after the Ambani siblings ended a non-compete agreement that barred the elder brother from getting into the financial services space, Mukesh Ambani’s Reliance Industries has

signed an agreement with DE Shaw, a New Yorkbased hedge fund, to float a joint venture in India. Since the time the two brothers agreed to drop the non-compete clause, a legacy of the agreement that split the undivided Reliance Group in 2006, there was speculation in the market that RIL would enter the lucrative financial services space in India. Sunday’s announcement is seen as an official confirmation. “This joint venture will incorporate the DE Shaw Group’s investment and technology expertise with Reliance’s operational knowledge and extensive

presence across India to offer a comprehensive array of financial services to the Indian marketplace,” an RIL release said. “Reliance is delighted to partner with the DE Shaw Group,” RIL CMD Mukesh Ambani was quoted as saying. He said he was “delighted” to be working with Shaw, adding that the alliance would offer a range of services expected to include mutual funds, energy and carbon trading and derivatives for newly affluent Indians that would add Shaw’s technology and investment to his Reliance Industries’ operational knowledge and extensive presence across India. The new bank is expected to compete directly against Anil’s Reliance Capital, which offers asset management, mutual funds, broking and life insurance. Since the two men agreed a few months ago to scrap an agreement to avoid operating in the same areas of business... Continued on page 26

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VOICE

Let noble thoughts come to us from every side

VOL 39. ISSUE 47

Great victory for the Shirdi Sai Temple, Wembley

FIRST & FOREMOST ASIAN WEEKLY IN EUROPE

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2nd April to 8th April 2011

Cricket diplomacy brings India, Pakistan closer imprisoned in Pakistan Nearly seven years after for 27 years on humanithe Indian team’s tour of tarian grounds. Pakistan, famously The remission was dubbed as the ‘Friendship granted on the advice of Series’, created unprecedented euphoria and bonthe Pakistan Prime homie among the cricket Minister Yousaf Raza fans, the gentleman’s Gilani to “honour an game promises to be a appeal of the Supreme catalyst in bringing the two feuding n e i g h b o u r s c l o s e r ahead of t h e i r World Cup semi-final clash at Mohali. Yousaf Raza Gilani and Manmohan Singh Cricket diplomacy is yet again the Court of India to the govflavour of the season since ernment of Pakistan”, said the heady 2004-05 season Presidential spokesman when India undertook a Farhatullah Babar. Earlier on Saturday, full tour of Pakistan for New Delhi had the first time in a decade. announced to increase the An ambience of feel-good staying period for people has been created by both visiting Jammu and sides in the run-up to the Kashmir from PakistanWednesday’s match. occupied Kashmir to six Adding to the months with multiple renewed positive vibes entries ostensibly to between the two counencourage more peopletries, Pakistan President to- people contact across Asif Ali Zardari, remitted the jail term of Indian the Line of Control. convict Gopal Das, Continued on page 26


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