Word: lakshmi
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Dates: during 2000-2009
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...they're not afraid to spend. Lakshmi Subrahmanian, 48, sums up the shopping habits of her four-person, five-computer, six-figure-income family this way: "We like to buy the best." The mental-health counselor and her electrical-engineer husband Jayram, 53, who own a five-bedroom house in Coral Springs, Fla., are about to trade in their 2002 Mercedes--it's time for something newer. That spells opportunity for General Motors, which has begun pushing Cadillacs in desi circles. "This is a great market," says Jean Liu-Barnocki, GM's manager for Asian-American marketing...
...improve quality. The offer was blocked on technical grounds that Mittal and others attacked as spurious. Now the company is hopeful it will win out. "If they do annul [the sale] and ask for bids again, we'd definitely be very, very interested," says the company's owner Lakshmi Mittal. He adds jokingly: "In fact, instead of going through a new process, this government should declare us the winner." While nearly everyone agrees that some of the business deals of the past were underhanded, undoing them is a tricky task virtually without precedent in Central and Eastern Europe. A full...
...front of the room, under a hanging portrait of the god Shiva that Eck borrowed from the Fogg Museum, the students set up an altar to display silver figures of the three gods most associated with the festival—Lakshmi, Sarasvati and Durga—as well as candles, fresh flowers and plates of nuts...
...which sets the stage for a new round of global consolidation in the industry. Last week, in a complicated $17.8 billion deal, Indian entrepreneur Lakshmi Mittal said he would merge his existing steel assets - the privately-held LNM Holdings and the publicly-traded Ispat International - with the U.S.-based International Steel Group (ISG). The deal, which must still gain regulatory approval, would create the world's biggest steel company, Mittal Steel, to be based in Rotterdam in the Netherlands, and help Mittal pursue his modest goal of making Mittal as synonymous with steel as Ford is with the motor...
...buying this stuff? Of course, there are the obvious big spenders who turn up in the tabloids: Anna Anisimova, the 19-year-old Russian heiress who rented a Hamptons home for the summer for a reported $500,000. Or the Indian-born billionaire Lakshmi Mittal, who reportedly spent $60 million on his daughter's wedding in June. At Harry Winston, Brodie says the current trend is for customers to "trade up" their engagement rings, swapping $45,000 2-carat brilliant-cut diamond rings for $165,000 5-carat emerald-cut diamonds...