Word: giante
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RELINQUISHING. Bill Gates, 50, Microsoft chairman and co-founder; his day-to-day responsibilities running the software giant, as of July 2008; in Redmond, Washington. The move will leave executives Steve Ballmer and Ray Ozzie, whom Gates named to succeed him as chief software architect, to face challenges from competitors such as Google that provide user-friendly software over the Internet. Gates, a 2005 TIME Person of the Year, said he plans to focus more on philanthropic work...
...more companies are coming around to Lheem's thinking. Near Hyundai's plant, Nokia opened the first phase of a $150 million mobile-phone factory in March. In the state of Orissa on India's east coast, South Korean steel giant Posco plans to construct a $12 billion mill. SemIndia, a company formed by chip-industry executives, will break ground in June on a $3 billion semiconductor factory in the southern state of Andhra Pradesh. Others are coming around, too. Dell Computer recently announced its intention to build a factory in India, joining those it already has in China...
...Then there's the China factor or rather, the anywhere-but-China factor. Korean giant LG Electronics exports to the Middle East from appliance and consumer-electronics factories near Pune and New Delhi because it's faster to ship to those markets from India than from China. The company recently opened another Pune plant to make optical-disk drives for Europe. "We didn't want to depend on the Chinese for everything," says Kim Kwang Ro, managing director of LG Electronics in India. "Our company decided to diversify...
...Tata group's global clout means its chairman's thoughts on the world economy are worth listening to. The group comprises 93 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 worldwide 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 Ratan Tata became chairman in 1991, he has multiplied Tata group revenues seven times to an annual $21.7 billion. Since...
...here, delivering thousands of new visitors every day--an increasing number of whom are staying for good. The reason is simple: to know Bombay is to know modern India. It's the channel for a billion ambitions and an emblem of globalization you can reach out and touch, a giant city where change is pouring in and rippling out around the world...