Tuesday, November 30, 2010

The Top 10 Richest Indians










The Top 10 Richest Indians

 
Started just in 1988, the Adani group has climbed up the ladder fast to reach forefront of business in commodities trading and expanded to infrastructure and energy. Its chairman Gutam Adani is our tenth richest person.
  
Birla group used to be the number two business house in India but after its split some decades ago, one of the group companies Aditya-Birla group, is the world's tenth largest cement company.
 
Airtel is the pioneer in the telecom in India and is the number one in the field. It is this company that took mobile phone and telemedia to all the corners of India. The Bharthi Airtel, the company that owns Airtel has Sunil Mittal as its chairman.
  
Om Prakash Jindal, the founder of the Jindal Group died in March 2005 and the family fortune was divided into four parts for 4 brothers but he controlling interest went to his wife Savitri Jindal. The lady as the non-executive chairman of the O.P. Indal group. This company manufactures power and steel.
  
The property company DLF's slogan says it all: Building India. DLf is India's and now world's largest builders and their operations extend throughout India. Almost all metropolitan and tier II cities come under their developing activities. The chairman Kushal Pal Singh is an army veteran. DLF has a city named after itself near Delhi: DLF city!
  
Family business to the fore again. When Nand Kishore Ruia,their father died, the brothers Shashi and Ravi Ruia took over the company known as Essar group. Mainly into shipping and paint in the beginning, now their multi-faceted operations include steel, power and oil. 
When Azim Premji was selling cooking oil, nobody knew him. He made a plunge into IT sector when it was in nascent stage. He did not look back since then. His Wipro is as well known as any other IT major in the world with its third largest exports from the country to scores of countries in the world. Computers and allied industries keep him in the 4th position.
  
Ambani brothers can easily be the richest people in the world by far, had they chosen to remain as one company. Alas, they had to part company and the younger Brother Anil Ambani comes third in our list of 10 richest Indians. His business interests include telecom, entertainment, financial services and infrastructure. His flag ship company is Reliance Dhirubhai Ambani Group.
  
You could have called him a little upstart some years ago and you would not have been more wrong. Not any more. From a scrap merchant in erstwhile Calcutta to one of the top steel magnets in the world is no joke. Sheer hard work and prudence has earned him the second place in this list. His factories are present in South America, India and Middle east. 
Well, we all know who the first one is in our list. Yes, It is Mukesh Ambani, the elder of the Ambani brothers. He has his hand in many businesses but the important ones are Petrol, oil and gas. His Reliance Industries is the numero uno company in India. Another distinction he has is that he is the second richest man in the world. Fortune magazinwe predicts he will be the richest man in the world before 2014. He continues his father, Dhirubhai Ambani's legacy in business.


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Monday, November 22, 2010

Priest and the auto Driver ( Nice One )


A Priest dies & is awaiting his turn in line at the Heaven's Gates.

Ahead of him is a guy, fashionably dressed, in dark sun glasses, a loud shirt, leather jacket & jeans.

God asks him: Please tell me who are you, so that I may know whether to admit you into the kingdom of Heaven or not?

The guy replies: I am Pandi, Auto driver from Chennai!

God consults his ledger, smiles & says to Pandi: Please take this silken robe & gold scarf & enter the Kingdom of Heaven ...

Now it is the priest's turn. He stands erect and speaks out in a booming voice: I am Pope's Assistant so & so, Head Priest of the so & so Church for the last 40 years.
God consults his ledger & says to the Priest: Please take this cotton robe & enter the Kingdom of Heaven ...

'Just a minute,' says the agonized Priest. 'How is it that a foul mouthed, rash driving Auto Driver is given a Silken robe & a Golden scarf and me, a Priest, who's spent his whole life preaching your Name & goodness has to make do with a Cotton robe?'

'Results my friend, results,' shrugs God.

'While you preached, people SLEPT; but when he drove his Auto, people PRAYED'

"It's PERFORMANCE & not POSITION that ultimately counts."

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Friday, October 29, 2010

I want to buy real estate but...?

Worried if now is the right time to buy, or should you wait? Read more

There is a lot of concern that real estate prices are falling and that one should wait for prices to stabilize before buying a property. Here is our take on the real estate markets.

•The best time to buy is when you can afford it! As a buyer, who does not buy or sell real estate for a living, you will never be fully confident like an expert if now is the right or wrong time to buy. If you are looking for a house for your family to live in, and can afford it, now might be the best time for you to buy. You will never be able to time the markets and buy at the absolute bottom of the real estate cycle!

•There is common perception right now, spread by the mass media, that prices are dropping by 20%-30% across India. It might be true for certain locations, but not for all. Also, this is probably more true of areas that were very overbuilt, like some suburbs of Bangalore, some parts of Mumbai, but this is not true for all markets in India.

•If you are an end user, is it better to wait, or to buy now? Well, that depends upon your time horizon. Chances are that as an end user you will most likely use your home for at least 10 years. So, why bother about short-term price fluctuations right now. Over the long-term, you can reasonably expect your property price to appreciate, so even if you need to buy today at a slight premium, over the next 10 years you will likely still come out with a gain.

Loans & Property Curry


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Thursday, October 28, 2010

what abt u ?


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