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Reliance group of companies is in verge of expanding themselves as an entertainment giant by striking  a theme park project.

What type of theme park can we expect from Reliance?

It is said that Reliance is in talks with Universal to strike a $1.5 billion dollar deal to construct  a park in India that is similar to the park recently opened by Universal “The Wizarding World of  Harry Potter”.

If the deal is done, then we could see a theme park with  the main focus on  “Harry Potter”, “Spiderman” in the major cities of India.

Reliance’s Big Entertainment subsidiary and Universal, a unit of General Electric Co.’s NBC Universal, added, we still are discussing terms, but could reach a deal this year.

A Reliance spokesman said his company doesn’t comment on market speculation. Universal declined to comment.

Who control Reliance Industries:

Reliance Industries,founded in India is run by two brothers Anil Ambani and Mukesh Ambani. Both the brothers are the top most Billionaire in India and certainly among the top 10 in the world.

The information on Reliance companies is very vast and it  needs way much of information to cover up so i have added the history behind Reliance companies from Wikipedia that can be read by Clicking here.

If the deal is signed, then we could see the park construction in the cities like Mumbai and New Delhi.The park construction will however take 3 years.

I think this is a wonderful project to start with. Reliance will soon be swimming in the profits of this park.

Buffett , Bill Gates the top ranked billionaires of the world has   joined hands and have appealed to fellow Americans  to give half of their wealth to charity.

My first reaction  LOL!!!

According to Forbes Magazine,  Bill gates has USD 53 billion and Buffett total money comes around  USD 47 billion. Gentleman, why dont you start by giving half your share. I am very sure that using the money given by you  two alone can solve  75% of America financial crisis.

It seems that Bill Gates, his wife Melinda gates and Buffett  have  joined hands to commit their share to philanthropy.

“Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50 per cent of their wealth to charity,” Buffett has written in a letter titled ‘My Philanthropic Pledge’.

Well known for his wise investment decisions, the 79-year-old Buffett is the chairman of conglomerate Berkshire Hathaway that has invested in diverse companies.

“More than 99 per cent of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day,” the billionaire investor said.

In 2006, Buffett had pledged to give all the stocks he owns in Berkshire Hathaway to philanthropic foundations.

Buffett said he has already distributed about 20 per cent of his Berkshire shares and would continue to “annually distribute about 4 per cent the shares I retain”.

“At the latest, the proceeds from all of my Berkshire shares will be expended for philanthropic purposes by 10 years after my estate is settled.

“Nothing will go to endowments; I want the money spent on current needs,” the letter noted.

This year, Gates and Buffett were ranked as the world’s second and third richest people, respectively, by the Forbes, which pegged Gates’ wealth at USD 53 billion and Buffett’s at USD 47 billion.

Buffett said the pledge to donate wealth would not affect this and his children’s lives. “They (children) have already received significant sums for their personal use and will receive more in the future….I will continue to live in a manner that gives me everything that I could possibly want in life,” he wrote in the letter.

US Billionaire Allen Stanford pleaded that he is not guilty and is innocent at trail. He is facing the charges of Fraud,conspirance and Obstruction . He will face upto Life Imprisonment if proved convicted. The fraud charge against the billionaire mounts upto $7 bn.The charges include seven counts of wire fraud, 10 counts of mail fraud, conspiracy to obstruct an investigation for the Securities and Exchange Commission, obstruction of an investigation by the SEC and conspiracy to commit money laundering.

Other than Sir Allen, Stanford Financial Group executives Laura Pendergest-Holt, 35, Gilberto Lopez, 66, and Mark Kuhrt, 37 are charged. Their plea will be on thursday hearing.

The justice department said the 50-page indictment accused Sir Allen and some of the other alleged co-conspirators of engaging in a scheme to defraud investors who purchased $7 bn in certificates of deposit from Stanford International Bank, located in Antigua.

It said they “promised returns that were too good to be true”.

A former head of Antigua’s financial services regulatory commission Leroy King is also  been arrested for the case by Antigua police, he is facing the corruption charges

The billionaire Bill Gates released a Jar of mosquitoes in a California high tech conference. To emphasize a point on the Malaria Prevention, the Microsoft co-founder opened a jar of mosquitoes on stage and let the swarm mingle with audience members. Bill Gates said that the Bill & Melinda Gates Foundation has spent more than $1.4 Billion to fight malaria.

Malaria is preventable and treatable disease that kills more than 1 million people every year. Gates also said that fighting the disease must be a higher priority, noting there’s more money spent on baldness drugs than fighting malaria.

Bill Gates after the release of the mosquitoes said, “There’s no reason only poor people should have the experience.”. He assured the audience that none of the bugs carry malaria.