Word: indian-born
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...Glance through the business news these days and it quickly becomes apparent Chandrasekhar is right. As international business leaders prepare to arrive in New Delhi for the World Economic Forum's annual India Economic Summit, India is ending decades of isolation. Indian companies have returned to global commerce. Indian-born business executives are climbing the corporate ladders at well-known multinationals, some to the highest rungs. Meanwhile, Indian companies, flush with cash from a booming domestic economy, are prowling for overseas acquisitions to expand their footprints. The most recent headline grabber was last month's $8.1 billion bid by Tata...
...first 10 months of 2006, Indian companies cut more than $10 billion worth of cross-border deals, up from about $1 billion in all of 2000. According to Dealogic, which tracks global M&A activity, Indian companies this year have spent twice as much on overseas acquisitions as foreign companies have invested in India. "There is a real bullishness" among the leaders of Indian industry, says Sabeer Bhatia, the Indian-born co-founder of Hotmail, the Web-based e-mail system acquired by Microsoft in 1997. "Every single Indian CEO is looking outwards...
...sharp sting of success. Last week Turkey was in the embarrassing position of having native son ORHAN PAMUK win the Nobel Prize for literature within a year of charging him with insulting Turkish identity. Critics also made much of Indian-born novelist KIRAN DESAI winning Britain's Man Booker Prize after her mum was short-listed three times for the $93,000 award. But the fuss is over. Everyone can go back to ignoring serious authors again...
...Venice or São Paolo events. A little competition has been good for the Queensland newcomer, however, prompting it to abandon its earlier catch-all approach in favor of a tighter focus on key movements in regional art. Regulars on the Asian art circuit, such as Indian-born British sculptor Anish Kapoor and controversial Chinese conceptual artist Ai Weiwei, have signed up to participate this year. The show also coincides with the opening of the new Queensland Gallery of Modern Art. OGAKI: Japan has long been a pioneer in media art (the name given to work created with...
...highly publicized activities of the Gates Foundation and the staggering generosity of Warren Buffett, the U.S. investor who announced in June that he would ultimately give nearly all of his $44 billion fortune to the Gates organization. Buffett's announcement seems to have had a snowball effect. In July Indian-born mining tycoon Anil Agarwal pledged to give $1 billion to help build a world-class university for his native country, telling TIME, "India desperately needs to improve education ... [And] what is the point of money if it's not made to be given back to society?" Hong Kong actor...