Word: profit
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...piece of the action.' They're not focused on valuations." As in any frothy market, the media feed the euphoria. Indian TV viewers are now treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish, as well as one called Sensex and the City. Indian publications pile on with headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...
...Superstar investors contemplating the frothier realms of the market should be getting nervous. Indiabulls, a financial-services firm that hopes to profit as wealthier Indians buy more stocks, has seen its shares quintuple since last fall, while shares of Pantaloon Retail?a chain of clothing stores, malls and supermarkets?have risen eighteenfold in two years as investors bet on the spending power of the Indian shopper. But such gains are less a reflection of unlimited promise than of limited supply, with investors bidding up the few stocks that offer a way to play these trends...
...Owen-Jones, who stays on as chairman. A graduate of the Hautes Etudes Commerciales, Agon will need the skill of a makeup artist to keep L'Or?al looking as good as it has under Owen-Jones, who steered the $19 billion company through two decades of annualized double-digit profit gains. On Agon's to-do list: promoting L'Or?al's new antiaging skin-care line for men. ?By Dody Tsiantar
...quickly up and down the clay runway. If his wheels got stuck, he would wave off any approaching airplane. He has come a long way. Now vice chairman and group president of Dubai-based Emirates Airlines, Flanagan is in charge of the globe's 14th largest and fifth-most-profitable airline. Under his watch, the once tiny, government-owned Emirates Airlines has been transformed, growing more than 20% a year for the past 17 years. It posted a record $429 million profit in the 2003-04 financial year?up 73.5% over the previous year. Its revenue reached an all-time...
...more market reform to stamp out corruption, which he called "a serious threat to China's body politic," and warned that willy-nilly lending by Chinese banks will wallop the economy. "I see a market filled with pitfalls," he says. "China is deceptive. Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound way to provide health care to the poor. Shan, recalling his experience in the Gobi, noted that the government trapped people...