India ahead in US govt securities investment
Rupee is BRIC's second fastest growing currency
UK: India Inc's favourite destination for acquisition
Majority of Indian CEOs fail to counter stress: Assocham
Planning to buy penny stocks?
MFs as long-term investment
Idea plus VCs equals to fortune formula
Indra Nooyi believes Tatas, like her, will conquer odds
UBI's select retail branches target Rs 6,000 cr lendings p.a
PE firms line up to buy teams in Indian Premier League
Reliance Capital's subsidiary invests in US firm Stoke Inc
Voltas readying for massive recruitments by 2011
Dena Bank raises Rs 125 crore Tier I capital
Entrepreneurship can't be nurtured in classroom
India turning into a hotspot for capital
Mittal first Indian to buy into an English soccer club
Delisting of shares
---------------------------------------------------------------------------------
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This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
23 December 2007
India turning into a hotspot for capital : ET Story
India turning into a hotspot for capital
India Inc attracted deals worth $68.32 billion for the year 2007, significantly higher than $28.16 billion in 2006 and $18.35 billion in 2005. The jump underlines India as a hot destination for merger and acquisitions (M&A), and also for private equity (PE) investment. Of the total of $68.32 billion deals, M&A accounted for $51.17 billion while the remaining $17.14 billion was in the form of private equity investment. As per a Grant Thornton report there were 661 M&A deals, including 348 cross-border deals and 313 domestic deals.
Among cross-border transactions, 240 were outbound ones, where Indian companies made overseas acquisitions. Such deals amounted to $32.73 billion. Tata Steel’s acquisition of Corus for $12.2 billion was the largest among outbound deals, followed by Hindalco-Novelis, and Suzlon Energy-RE Power with transaction value of $ 6 billion and $1.7 billion respectively.
There were 108 inbound M&A deals amounting to $15.61 billion, where global companies or their subsidiaries acquired Indian businesses. Vodafone tops the list of such kind of deals with transaction value of $10.8 billion. The global telecom giant has acquired a majority stake of 67% in India’s one of the leading telecom players, Hutchison Essar.
An industry-wise analysis showed that steel and telecom sector clearly dominated the M&A scene as both the sectors saw deals amounting to $14.9 billion and $11.3 billion respectively in '07. Aluminium, power and energy sectors also contributed substantially to the heightened M&A activity in the country. The trend shows a diversion of M&A activity to core sectors from IT, pharma, healthcare and biotech which had seen high value M&A deals last year.
Global private equity players have been quite bullish on India story, which is also reflected in a strong flow of their investments into the country. In 2007, there were a total of 386 PE deals worth $17.14 billion, substantially higher than 302 deals amounting to $7.86 billion in 2006 and 124 deals worth $2 billion in 2005. Bharti Airtel and GMR Infrastructure are the two notable examples where the companies have attracted PE deals worth $1.9 billion and $1 billion respectively. HDFC and DLF are few other listed companies roping in PE investors.
Seven out of the top ten deals involved real estate and infrastructure-related companies, according to Grant Thornton. “The heightened deal activity is a sign of M&A becoming a key element of strategy for India Inc. There is again significant growth in Private Equity which is now a major international force and now a significant part of the capital raising by India Inc,” Grant Thornton partner (corporate advisory services), Harish HV said. However, he is concerned that there could be possible dampener in the form of competition bill which seeks to examine all large M&As.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India Inc attracted deals worth $68.32 billion for the year 2007, significantly higher than $28.16 billion in 2006 and $18.35 billion in 2005. The jump underlines India as a hot destination for merger and acquisitions (M&A), and also for private equity (PE) investment. Of the total of $68.32 billion deals, M&A accounted for $51.17 billion while the remaining $17.14 billion was in the form of private equity investment. As per a Grant Thornton report there were 661 M&A deals, including 348 cross-border deals and 313 domestic deals.
Among cross-border transactions, 240 were outbound ones, where Indian companies made overseas acquisitions. Such deals amounted to $32.73 billion. Tata Steel’s acquisition of Corus for $12.2 billion was the largest among outbound deals, followed by Hindalco-Novelis, and Suzlon Energy-RE Power with transaction value of $ 6 billion and $1.7 billion respectively.
There were 108 inbound M&A deals amounting to $15.61 billion, where global companies or their subsidiaries acquired Indian businesses. Vodafone tops the list of such kind of deals with transaction value of $10.8 billion. The global telecom giant has acquired a majority stake of 67% in India’s one of the leading telecom players, Hutchison Essar.
An industry-wise analysis showed that steel and telecom sector clearly dominated the M&A scene as both the sectors saw deals amounting to $14.9 billion and $11.3 billion respectively in '07. Aluminium, power and energy sectors also contributed substantially to the heightened M&A activity in the country. The trend shows a diversion of M&A activity to core sectors from IT, pharma, healthcare and biotech which had seen high value M&A deals last year.
Global private equity players have been quite bullish on India story, which is also reflected in a strong flow of their investments into the country. In 2007, there were a total of 386 PE deals worth $17.14 billion, substantially higher than 302 deals amounting to $7.86 billion in 2006 and 124 deals worth $2 billion in 2005. Bharti Airtel and GMR Infrastructure are the two notable examples where the companies have attracted PE deals worth $1.9 billion and $1 billion respectively. HDFC and DLF are few other listed companies roping in PE investors.
Seven out of the top ten deals involved real estate and infrastructure-related companies, according to Grant Thornton. “The heightened deal activity is a sign of M&A becoming a key element of strategy for India Inc. There is again significant growth in Private Equity which is now a major international force and now a significant part of the capital raising by India Inc,” Grant Thornton partner (corporate advisory services), Harish HV said. However, he is concerned that there could be possible dampener in the form of competition bill which seeks to examine all large M&As.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rollercoaster Asian stocks set to rise in 2008 : ET
Rollercoaster Asian stocks set to rise in 2008
Asian stock markets gave investors a whit-knuckle ride in 2007 but most are up harply and analysts predict turbulent gains next year despite a severe US financial crisis. "I think Asian markets will be up over the whole of 2008 -- but they are set to fall substantially over the next few months first," said Shanghai-based expert Andy Xie, a former Morgan Stanley economist. Indian and Chinese shares led the pack this year, fizzing up about 85 per cent and 40 per cent respectively and defying fears that they had already risen too far.
China held a series of sometimes huge stock flotation that raised billions of dollars, while foreign investors continued to pour money into Indian stocks. But the key Japanese bourse had a year to forget as the Nikkei-225 index slumped about 12 per cent amid a global credit crunch rooted in the ailing US economy.
"The overall Japanese market has come down quite sharply in the last few weeks," said Tokyo-based fund manager Hideo Shiozumi, the chief executive of Shiozumi Asset Management. Asian markets have struggled since November, mainly due to fears about the impact of an expected US economic slowdown after a mortgage default crisis there, analysts say. China's attempt to curb high economic and stock market growth, for instance by hiking borrowing costs repeatedly, has also affected sentiment, they say.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Asian stock markets gave investors a whit-knuckle ride in 2007 but most are up harply and analysts predict turbulent gains next year despite a severe US financial crisis. "I think Asian markets will be up over the whole of 2008 -- but they are set to fall substantially over the next few months first," said Shanghai-based expert Andy Xie, a former Morgan Stanley economist. Indian and Chinese shares led the pack this year, fizzing up about 85 per cent and 40 per cent respectively and defying fears that they had already risen too far.
China held a series of sometimes huge stock flotation that raised billions of dollars, while foreign investors continued to pour money into Indian stocks. But the key Japanese bourse had a year to forget as the Nikkei-225 index slumped about 12 per cent amid a global credit crunch rooted in the ailing US economy.
"The overall Japanese market has come down quite sharply in the last few weeks," said Tokyo-based fund manager Hideo Shiozumi, the chief executive of Shiozumi Asset Management. Asian markets have struggled since November, mainly due to fears about the impact of an expected US economic slowdown after a mortgage default crisis there, analysts say. China's attempt to curb high economic and stock market growth, for instance by hiking borrowing costs repeatedly, has also affected sentiment, they say.
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
BusinessLine Stories/Articles
http://www.businessline.in/
Indian realty sector attracts deluge of funds
India Inc raises over Rs 45,000 cr in IPOs, follow-ons in 2007
Derivatives: Retail investors make merry
‘Satyam has created a robust, de-risked model’
Index Outlook
Cairn India: Buy
‘Make your pile – but don’t wait to invest’
How to make foreign stints less taxing
Aviation cos top list of overseas borrowers
SQL Star rejigs operations
Eaton to expand Pune engineering centre
DLF in talks with Ikea for jt venture
A product of Indian education, US mentoring
Tax saving schemes galore from mutual funds
Reliance Vision Fund: Banking consolidation
Fund Talk
Query Corner
Indian realty sector attracts deluge of funds
ABG Shipyard: Buy
Greaves Cotton: Buy
Magnum Contra Fund: Invest
Rolta India: Hold
What’s ahead
Cautious outlook for Nifty future
Television Eighteen India: Hold
False consensus bias
Kingfisher prevails
Birla Sun Life Special Situations Fund: Monitor closely
Baskets of X
Bull's Eye
Prominent bulk deals on NSE and BSE
Damp squibAfter months of speculation on the proposed stake sale, IFCI has announced that the financial proposal submitted by the Sterlite Industries-led consortium was conditional. Hence, the Board unanimously decided to reject the ... More
Source: www.businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Indian realty sector attracts deluge of funds
India Inc raises over Rs 45,000 cr in IPOs, follow-ons in 2007
Derivatives: Retail investors make merry
‘Satyam has created a robust, de-risked model’
Index Outlook
Cairn India: Buy
‘Make your pile – but don’t wait to invest’
How to make foreign stints less taxing
Aviation cos top list of overseas borrowers
SQL Star rejigs operations
Eaton to expand Pune engineering centre
DLF in talks with Ikea for jt venture
A product of Indian education, US mentoring
Tax saving schemes galore from mutual funds
Reliance Vision Fund: Banking consolidation
Fund Talk
Query Corner
Indian realty sector attracts deluge of funds
ABG Shipyard: Buy
Greaves Cotton: Buy
Magnum Contra Fund: Invest
Rolta India: Hold
What’s ahead
Cautious outlook for Nifty future
Television Eighteen India: Hold
False consensus bias
Kingfisher prevails
Birla Sun Life Special Situations Fund: Monitor closely
Baskets of X
Bull's Eye
Prominent bulk deals on NSE and BSE
Damp squibAfter months of speculation on the proposed stake sale, IFCI has announced that the financial proposal submitted by the Sterlite Industries-led consortium was conditional. Hence, the Board unanimously decided to reject the ... More
Source: www.businessline.in. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
22 December 2007
ET Stories
Tier-II cities set for realty juggernaut: Report
NTPC signs $380 mn loan agreement with JBIC
PepsiCo to triple beverage business in next five years
India opens doors to Singapore
Network Group to open 14 Swiss Junction outlets
Ford icon winner in New Year
SABMiller wins US case, may bring Miller brand to India
UB acquires distributions rights for Dalmore Single Malt
'20 cities to be covered under CNG fuel by 2010'
JCT to foray into wind power, inks JV with US co
US firm promises more Bollywood fare in 2008
List of documents during sale of property
Indian tax authorities get kudos from MNCs on transfer pricing
Google scoops Campaign's Medium of the Year
Home loan: Review finances & repayment
--------------------------------------------------
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
NTPC signs $380 mn loan agreement with JBIC
PepsiCo to triple beverage business in next five years
India opens doors to Singapore
Network Group to open 14 Swiss Junction outlets
Ford icon winner in New Year
SABMiller wins US case, may bring Miller brand to India
UB acquires distributions rights for Dalmore Single Malt
'20 cities to be covered under CNG fuel by 2010'
JCT to foray into wind power, inks JV with US co
US firm promises more Bollywood fare in 2008
List of documents during sale of property
Indian tax authorities get kudos from MNCs on transfer pricing
Google scoops Campaign's Medium of the Year
Home loan: Review finances & repayment
--------------------------------------------------
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
The World's Top Microfinance Institutions : Forbes
Top 50 Microfinance Institutions
Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable to institutional and individual investors. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Or so a Moroccan farmer can buy chickens so he may sell more eggs? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses. That promise has had a magnetic effect on private capital sources. Microfinance funding from private investors more than tripled to $2 billion in 2006.
The field has attracted sterling banks and fund managers, including Citigroup (nyse: C - news - people ), blue-chip venture capitalists like Sequoia Capital, tycoons like eBay (nasdaq: EBAY - news - people ) founder Pierre Omidyar and Oscar-winning screen stars such as Robert Duvall--they've all joined the chase for returns in microfinance. Today, there are upward of 12,000 microfinance institutions issuing loans.
http://www.forbes.com/business/2007/12/20/top-microfinance-philanthropy-biz-cz_ms_1220intro.html
Top 50 Microfinance Institutions
Overall Rank
Superstars Of Microfinance
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Source: http://www.forbes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable to institutional and individual investors. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Or so a Moroccan farmer can buy chickens so he may sell more eggs? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses. That promise has had a magnetic effect on private capital sources. Microfinance funding from private investors more than tripled to $2 billion in 2006.
The field has attracted sterling banks and fund managers, including Citigroup (nyse: C - news - people ), blue-chip venture capitalists like Sequoia Capital, tycoons like eBay (nasdaq: EBAY - news - people ) founder Pierre Omidyar and Oscar-winning screen stars such as Robert Duvall--they've all joined the chase for returns in microfinance. Today, there are upward of 12,000 microfinance institutions issuing loans.
http://www.forbes.com/business/2007/12/20/top-microfinance-philanthropy-biz-cz_ms_1220intro.html
Top 50 Microfinance Institutions
Overall Rank
Superstars Of Microfinance
----------------------------------------------------------------------------
Source: http://www.forbes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
VC, PE updates from VCCircle.com, Indiape.com
VCCircle.com
Reliance Technology Ventures, Sequoia And Others Invest In Stoke
DQ Entertainment Raises $56M From AIM; M-Cap On Listing $97M
Nexus India Capital Buys Out eVenture’s Remaining Portfolio At Cost Price
Naukri Board Meets Today To Discuss Capital Raising; Puts In $500K In Education Portal
SBI, Coface Shortlisted For 52.5% Stake In Global Trade Finance
Latest Jobs On DealJobs.net
IFCI Plans To Sell Stake In 100 Companies; Invites Merchant Bankers
IDFC Private Equity Invests $65 Million In Goodearth Maritime
Germany’s Hypo May Be Investing In Shriram Properties’ Projects
Kingfisher-Deccan Combine To Raise $250 Million; Post-Merger, Investor Interest To Go Up
Reliance Brands To Offer Private Equity To Apparel, Footwear, Lifestyle Companies
Tata Tea Eyeing $300-Million Buy In Europe
Ambit, Societe Generale Corporate & Investment Banking To Partner For Cross-Border M&A
Kerala’s Manappuram Group Raises Rs 70 Crore From Sequoia, India Equity Partners
Share Transfer Agents Too Hot; SharePro In Talks With Australia’s Link Market
Swiss Firm EFG International Enters India With A 75% Stake In Stratcap Securities
Kingfisher, Deccan To Merge To Form The Largest Domestic Carrier
“Jasubhai Acquisition Was Self-funded; More Buys On The Anvil”
IFCI Shelves Strategic Sale; Consortium Wanted Management Control
--------------------------------------------------------------------------
IndiaPE.com
Kingfisher merger to create domestic giant
IDFC invests Rs 260 cr in Goodearth Maritime
Online portal Travelguru buys Desiya.com for $25 mn
California Software to acquire 49% of Inatech Infosolutions
Citi, GIC buy into Indian realty venture
Merrill Lynch picks up 12.74% in Resurgere Mines
CVCI Buys Stake in JBF Global Pte Ltd for USD125 Million
3D Solid Compression gets venture funding
Private equity firms invest $17 bn in India
Sequoia Capital IEP to invest in Manappuram
Australian co may buy controlling stake in Sharepro
EFG to acquire 75% of Stratcap Securities
UK’s 3i to invest $100 m in Soma Enterprise
Welspun India buys 76 pc stake in Portuguese bath rug major
Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Reliance Technology Ventures, Sequoia And Others Invest In Stoke
DQ Entertainment Raises $56M From AIM; M-Cap On Listing $97M
Nexus India Capital Buys Out eVenture’s Remaining Portfolio At Cost Price
Naukri Board Meets Today To Discuss Capital Raising; Puts In $500K In Education Portal
SBI, Coface Shortlisted For 52.5% Stake In Global Trade Finance
Latest Jobs On DealJobs.net
IFCI Plans To Sell Stake In 100 Companies; Invites Merchant Bankers
IDFC Private Equity Invests $65 Million In Goodearth Maritime
Germany’s Hypo May Be Investing In Shriram Properties’ Projects
Kingfisher-Deccan Combine To Raise $250 Million; Post-Merger, Investor Interest To Go Up
Reliance Brands To Offer Private Equity To Apparel, Footwear, Lifestyle Companies
Tata Tea Eyeing $300-Million Buy In Europe
Ambit, Societe Generale Corporate & Investment Banking To Partner For Cross-Border M&A
Kerala’s Manappuram Group Raises Rs 70 Crore From Sequoia, India Equity Partners
Share Transfer Agents Too Hot; SharePro In Talks With Australia’s Link Market
Swiss Firm EFG International Enters India With A 75% Stake In Stratcap Securities
Kingfisher, Deccan To Merge To Form The Largest Domestic Carrier
“Jasubhai Acquisition Was Self-funded; More Buys On The Anvil”
IFCI Shelves Strategic Sale; Consortium Wanted Management Control
--------------------------------------------------------------------------
IndiaPE.com
Kingfisher merger to create domestic giant
IDFC invests Rs 260 cr in Goodearth Maritime
Online portal Travelguru buys Desiya.com for $25 mn
California Software to acquire 49% of Inatech Infosolutions
Citi, GIC buy into Indian realty venture
Merrill Lynch picks up 12.74% in Resurgere Mines
CVCI Buys Stake in JBF Global Pte Ltd for USD125 Million
3D Solid Compression gets venture funding
Private equity firms invest $17 bn in India
Sequoia Capital IEP to invest in Manappuram
Australian co may buy controlling stake in Sharepro
EFG to acquire 75% of Stratcap Securities
UK’s 3i to invest $100 m in Soma Enterprise
Welspun India buys 76 pc stake in Portuguese bath rug major
Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
Indiape.Com,
PE updates from VCCircle.com,
VC
Putin - Times Person of the Year : AOL India
Time's 'Person of the Year'
Washington, December 19: Russian President Vladimir Putin was named Time magazine's "Person of the Year" for 2007 on Wednesday for bringing his country "roaring back to the table of world power."
Putin, a former KGB official who was picked from obscurity in 1999 by then-president Boris Yeltsin, will appear on the cover of Time as the person the editors believe had the greatest impact on events this year, for better or worse.
"He's not a good guy, but he's done extraordinary things," said Time managing editor Richard Stengel, who announced Putin's selection on NBC's "Today Show."
"He's a new star of Russia and he's dangerous in the sense that he doesn't care about civil liberties; he doesn't care about free speech; he cares about stability. But stability is what Russia needed and that's why Russians adore him."
The choice came days after Putin announced a plan to hold onto power after his term ends. Putin said on Monday that if his close ally, Dmitry Medvedev, wins next year's presidential vote, he would serve as Medvedev's prime minister.
The Russian president beat out several rivals for the Time distinction, including former U.S. Vice President Al Gore, British author J.K. Rowling, Chinese President Hu Jintao and U.S. Commander in Iraq Gen. David Petraeus.
Source: http://www.aol.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Washington, December 19: Russian President Vladimir Putin was named Time magazine's "Person of the Year" for 2007 on Wednesday for bringing his country "roaring back to the table of world power."
Putin, a former KGB official who was picked from obscurity in 1999 by then-president Boris Yeltsin, will appear on the cover of Time as the person the editors believe had the greatest impact on events this year, for better or worse.
"He's not a good guy, but he's done extraordinary things," said Time managing editor Richard Stengel, who announced Putin's selection on NBC's "Today Show."
"He's a new star of Russia and he's dangerous in the sense that he doesn't care about civil liberties; he doesn't care about free speech; he cares about stability. But stability is what Russia needed and that's why Russians adore him."
The choice came days after Putin announced a plan to hold onto power after his term ends. Putin said on Monday that if his close ally, Dmitry Medvedev, wins next year's presidential vote, he would serve as Medvedev's prime minister.
The Russian president beat out several rivals for the Time distinction, including former U.S. Vice President Al Gore, British author J.K. Rowling, Chinese President Hu Jintao and U.S. Commander in Iraq Gen. David Petraeus.
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Businessworld Magazine (Dec 24, 2007)
http://www.businessworld.in
Released on 24 December 2007
COVER STORY
International Business
Pride & Prejudice
Interview: R.K. Krishna, V Chairman, Indian Hotels
Column: Kiran Karnik, President, Nasscom
Steel Securing Supplies
Narain Karthikeyan In The Fast Lane
IFCI Past, And Future, Tense
Civil Aviation
Rental Blues
Media Room
Hospitality Hampshire’s India Foray
SMEs Missing It, Again
Hindustan Latex Sex, Latex And A PSU
UK Visa No Long Visits Here
---------------------------------
BW Opinion
PSUs Go Abroad
Internet
Feisty: CEO, Mozilla Corporation
Telecom
Don’t Show Me The Money
Stockmarket
The Overreacher
Aviation
Trying Hard To Take Off
Cotton
Cotton Country
Pharma
Ayurveda Remix
Stockmarket
Getting It, Flaunting It
----------------------------------------------------------------
Source: http://www.businessworld.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Released on 24 December 2007
COVER STORY
International Business
Pride & Prejudice
Interview: R.K. Krishna, V Chairman, Indian Hotels
Column: Kiran Karnik, President, Nasscom
Steel Securing Supplies
Narain Karthikeyan In The Fast Lane
IFCI Past, And Future, Tense
Civil Aviation
Rental Blues
Media Room
Hospitality Hampshire’s India Foray
SMEs Missing It, Again
Hindustan Latex Sex, Latex And A PSU
UK Visa No Long Visits Here
---------------------------------
BW Opinion
PSUs Go Abroad
Internet
Feisty: CEO, Mozilla Corporation
Telecom
Don’t Show Me The Money
Stockmarket
The Overreacher
Aviation
Trying Hard To Take Off
Cotton
Cotton Country
Pharma
Ayurveda Remix
Stockmarket
Getting It, Flaunting It
----------------------------------------------------------------
Source: http://www.businessworld.in . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Labels:
2007),
Businessworld Magazine (Dec 24
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