Thursday 16 June 2011

Tuesday 14 June 2011

TOP 10

Richest person in the world

1: Carlos Slim Helu
$53.5 billion
Telecom, Mexico.

Telecom tycoon who pounced on privatization of Mexico’s national telephone company in the 1990s becomes world’s richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year. Recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America’s biggest mobile phone company.

2: Bill Gates

$53 billion
Microsoft, U.S.
Software visionary is now the world’s second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled. More than 60% of fortune held outside Microsoft; investments include Four Seasons hotels, Televisa, Auto Nation. Stepped down from day-to-day duties at Microsoft in 2008 to focus on philanthropy.

3: Warren Buffett
$47 billion – Investments, U.S.
America’s favorite investor up $10 billion in past 12 months on surging Berkshire Hathaway shares; says U.S. has survived economic “Pearl Harbor,” but warns recovery will be slow. Shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electric amid 2008 market collapse. Recently acquired railroad giant Burlington Northern Santa Fe for $26 billion.

4: Mukesh Ambani
$29 billion- Petrochemicals, oil and gas. India.
Global ambitions: His Reliance Industries, already India’s most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creations. Firm’s $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected. Since September company has sold Treasury shares worth $2 billion to be used for acquisitions. Late father, Dhirubhai, founded Reliance and built it into a massive conglomerate.

5: Lakshmi Mittal
$28.7 billion – Steel, India.
London’s richest resident oversees ArcelorMittal, world’s largest steel maker. Net profits fell 75% in 2009. Mittal took 12% pay cut but improved outlook pushed stock up one-third in past year. Looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval. Earned $1.1 billion for selling his interest in a Kazakh refinery in December

6: Lawrence Ellison
$28 billion – Oracle, U.S.
Oracle founder’s fortune continues to soar; shares up 70% in past 12 months. Database giant has bought 57 companies in the past five years. Completed $7.4 billion buyout of Sun Microsystems in January; acquired BEA Systems for $8.5 billion in 2008. Studied physics at U. of Chicago; didn’t graduate. Started Oracle 1977; took public a day before Microsoft in 1986.

7: Bernard Arnault
$27.5 billion
Luxury goods, France.
Bling is back, helping fashion icon grab title of richest European as shares of his luxury goods outfit LVMH–maker of Louis Vuitton, Moet & Chandon–surge 57%. LVMH is developing upscale Shanghai commercial property, L’Avenue Shanghai, with Macau billionaire Stanley Ho.

8: Eike Batista
$27 billion
Mining, oil. Brazil.
Vowing to become world’s richest man–and he may be on his way. This year’s biggest gainer added $19.5 billion to his personal balance sheet. Son of

Brazil

’s revered former mining minister who presided over mining giant Companhia Vale do Rio Doce got his start in gold trading and mining.

9: Amancio Ortega
$25 billion
Fashion retail, Spain.
Style maven lords over Inditex; fashion firm, which operates under several brand names including Zara, Massimo Dutti and Stradivarius, has 4,500 stores in 73 countries including new spots in Mexico and Syria. Set up joint venture with Tata Group subsidiary to enter India in 2010. Betting on Florida real estate: bought Coral Gables office tower that is currently home to
Bacardi

USA

10: Karl Albrecht
$23.5 billion
Supermarkets, Germany.
Owns discount supermarket giant Aldi Sud, one of Germany’s (and Europe’s) dominant grocers. Has 1,000 stores in

U.S.

across 29 states. Estimated sales: $37 billion. Plans to open New York City store this year. With younger brother, Theo, transformed mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Eu

Saturday 11 June 2011

navu_rs: New Gadget

Friday 10 June 2011

New Gadget

iCloud is a cloud service from APPLE announced on June 6, 2011 at the Apple Worldwide Developers Conference (WWDC). The service allows users to store data such as music files and provides automatically synchronization between multiple devices :

iPhones, iPods, iPads,Macintoshes and personal computers. It also replaces MobileMe, acting as a data syncing center for email, contacts, calendars, bookmark, notes, to-do lists and other data. Each of these accounts has 5 GB of free space.

Cost estimated is going to be about $25.

MADE IN TIHAR

Made-in-Tihar

Inmates of TIHAR JAIL

New Delhi, June 8 (PTI) Food items, clothes and other products made by inmates of the country's biggest jail, Tihar, are set for bigger retail play, with jail authorities gearing up to bring the brand ''TJ''S'' closer to consumers.

The jail authorities are talking to several organised retailers, including Mother Dairy and some leading private chains, to make the ''Made-in-Tihar'' range of products available to modern shoppers.

To capture the general trade, the authorities will soon finalise a set of distributors that will supply the products to small retailers across Delhi and the NCR.

"We are just awaiting a final go-ahead for our products to be retailed at Mother Dairy outlets," Tihar Jail Deputy Superintendent (Factory) Prateek Sharma told PTI.

Once the nod is granted, the TJ''S range of products will soon be available at Mother Dairy outlets across Delhi and the NCR, he added.

When asked if discussions were on with private retailers, he said: "We are in talks with a few big private organised retailers, but they are asking for more margins that we are not willing to give. The proceeds from the sale of these products are used for the welfare of the inmates, victims and their families." Besides tapping the organised retail sector, Tihar Jail has also invited applications from interested parties for wholesale distribution.

"Within the next ten days, meetings will be held with the applicants to finalise atleast 5-6 big distributors, who will supply these products to the retail market, making it easily accessible to the end consumer," Sharma said.

According to him, the TJ''S range of products -- which includes bakery products, namkeens and other food items, handloom and textiles, furniture and home decor items -- registered a total sales turnover of Rs 15 crore last year.

"The bakery items alone had a total sales of Rs 2.5 crore," he added.

With the increase in the retail network and distribution, the jail authorities have set bigger sales targets, he added, without giving details.

At present, TJ''S products are sold at about 35 retail points in Delhi and NCR, which includes kiosks at court complexes, government-operated Kendriya Bhandars and a few hospitals.

The brand is being promoted through advertisements on FM radio channels in the NCR region.

Asked about the plan to take brand TJ''S national, Sharma said: "We will be definitely be interested to sell these products nationally, but currently, the production capacity is limited.