Word: giante
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...Tata group's global clout means that its chairman's thoughts get concrete results. Tata comprises 96 companies, including the world's second largest tea business (Tata Tea), Asia's largest software firm (Tata Consultancy Services), a steel giant (Tata Steel), a hotel chain (Indian Hotels) and a sprawling vehicle-manufacturing arm (Tata Motors) that includes a bicycle factory in Zambia and a project to make a car selling for $2,200. Since Tata became chairman in 1991, he has multiplied the Tata group revenues seven times to an annual $21.13 billion. Since 2000, the group's market value...
...idealism. Tata Sons, the holding company that manages the group, is 66% owned by 11 charitable trusts, which spent $379 million on social causes in 2003-04. Other Tata companies donated an additional $97.8 million. Beneficiaries range from educational, health and scientific institutes to the Ganges River's giant mahseer fish, saved from extinction by a Tata-funded breeding program...
...Ricke, the embattled CEO of German telecommunications giant Deutsche Telekom AG, efforts to revive the company's sagging domestic business and boost the share price were just too little too late. Shareholders of Europe's biggest telecommunications company, which also owns the successful American wireless company T-Mobile, have lost confidence in management's ability to stop the dramatic decline in its domestic business, according to people familiar with the situation. One of those big shareholders is the U.S. private equity firm Blackstone Group, which has been exerting American-style, do-it-now pressure on one of Germany's iconic...
...Speaking to reporters on Thursday, Ricke noted that the company's shares gained some 25% in value since he announced his cost-cutting measures. But analysts and traders credit that rise to continued speculation of a management shake-up and potential takeover of the German phone giant. Lacking any good news on the company's business outlook after an analyst meeting on Thursday, Telekom's shares tumbled 2.45% on Friday after some analysts downgraded the stock...
...competes to sell a product, turn a profit, and do it all over again the next day. The major news networks—and they are “networks” in the sense of being synchronized for the same purpose—have become giant businesses. As a result, those of us who revel in knowledge are blessed with a deluge of it: 24-hour news channels, e-mail updates, and news websites with handheld access...