Word: indianness
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Stern remains realistic about his Indian experiment. "With [India's] middle class and some focus on the world's games, basketball is starting to get a little interest and a little traction," he insists. "So we have to be respectful and realize it's going to be small steps up." Given the NBA's global track record, its Indian steps could end up looking like Garnett. Bigger, and quicker, than you think...
...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...
...over yet. Anglo-Dutch steelmaker Corus agreed last month to an $8 billion takeover bid by Tata Steel. The deal is the largest-ever Indian acquisition of a foreign firm, and it will catapult Tata from the world's 56th largest steel producer to the fifth. "All credit goes to Ratan Tata," says Sanjay Bhandarkar, managing director of the N.M. Rothschild private bank in India. "He clearly has a vision and knows what he's doing...
Tata signaled a new prominence for the emerging Asian conglomerate in 2000 when the most Indian of brands bought one of the most English, Tetley Tea. At $435 million, the deal was the biggest in Indian history. For Tata, buying an iconic Western brand was not the goal. Growing Tata Tea was. "We look for the acquisition of companies that fill a product gap or have a strategic connection with what we do, wherever that company might be," he says. The same holds true for the latest steel deal: it fills a gap. Corus makes a wide range of high...
...Percentage of young Indian men surveyed by the magazine India Today who claim to have slept with a prostitute 63% Percentage of young Indian men who, according to the same survey, hope their bride is a virgin on their wedding night...