August 30, 2008 10:09 IST
K K Birla, noted industrialist and former Rajya Sabha member, died on Saturday morning at his residence in Kolkata after a brief illness. He was 90.
The Chairman of Hindustan Times and several Birla group of industries is survived by three daughters Nandini Nupani, Shobhana Bhartia, who is vice chairperson and editorial adviser of Hindustan Times, and Jyoti Potddar. Read more
Saturday, August 30, 2008
Monday, August 25, 2008
Meet next-gen tech billionaires
Meet next-gen tech billionaires
Read from Indiatimes
Who says those billions accompany with grey hairs. Meet our next-gen tech billionaires, young, sassy and of course still to go grey. And mind you, we are not talking about rich heirs or those born with a silver spoon.
Part of Forbes Next-Gen Billionaires, these young czars boast of all traits that make our revered grey-haired flock: ambition, passion and aggression.
Most of these soon-to-be-billionaire techies owe their status to the Internet. While one is the name behind Japan's most popular social networking site, other is the founder of Bebo. Also on the list is venture capitalist.
Read From
One of the leading next-gen billionaires are Michael and Xochi Birch, founder's of the popular networking site Bebo. Together the couple command a net worth of $600 million.
Born in 1970, Michael Birch is a computer programmer turned entrepreneur. Married to his college sweet heart Xochi Birch, Micahel founded BirthdayAlarm.com in 2001, along with his brother Paul. The idea was to provide a simple way for people to remember birthdays.
In 2002, England-bred moved to San Francisco where he started Ringo.com which was later sold to tickle.com.
The biggest milestone came in January 2005 when the duo launched social networking site Bebo, which saw its official launch a few months later in July. With over 40 million users, Bebo has today surpassed erstwhile no.1 social network MySpace in several countries.
Later this year (March 2008), the couple sold Bebo to AOL in a $850 million deal, which got them a profit of $595 million. In June 2008, Michael invested in online shop, MyStore.com and joined its board.
He graduated from Imperial College London in BSc Physics.
Read from Indiatimes
Who says those billions accompany with grey hairs. Meet our next-gen tech billionaires, young, sassy and of course still to go grey. And mind you, we are not talking about rich heirs or those born with a silver spoon.
Part of Forbes Next-Gen Billionaires, these young czars boast of all traits that make our revered grey-haired flock: ambition, passion and aggression.
Most of these soon-to-be-billionaire techies owe their status to the Internet. While one is the name behind Japan's most popular social networking site, other is the founder of Bebo. Also on the list is venture capitalist.
Read From
One of the leading next-gen billionaires are Michael and Xochi Birch, founder's of the popular networking site Bebo. Together the couple command a net worth of $600 million.
Born in 1970, Michael Birch is a computer programmer turned entrepreneur. Married to his college sweet heart Xochi Birch, Micahel founded BirthdayAlarm.com in 2001, along with his brother Paul. The idea was to provide a simple way for people to remember birthdays.
In 2002, England-bred moved to San Francisco where he started Ringo.com which was later sold to tickle.com.
The biggest milestone came in January 2005 when the duo launched social networking site Bebo, which saw its official launch a few months later in July. With over 40 million users, Bebo has today surpassed erstwhile no.1 social network MySpace in several countries.
Later this year (March 2008), the couple sold Bebo to AOL in a $850 million deal, which got them a profit of $595 million. In June 2008, Michael invested in online shop, MyStore.com and joined its board.
He graduated from Imperial College London in BSc Physics.
Tuesday, August 5, 2008
Mittal street world's fourth most expensive
Malayala Manorama Indian Newspaper of Malayalam Language from eight places in Kerela
Tuesday,5 August 2008 16:35 hrs IST
Mittal street world's fourth most expensive
London: A Mumbai lane where India's richest person Mukesh Ambani is building a billion-dollar home has joined the league of the world's 10 most expensive streets, but is outranked by over three-times costlier London's Billionaires Row where steel tycoon Lakshmi Mittal owns three houses.
Altamount Road in India's financial capital Mumbai has been named as the 10th costliest in a survey of the world's top 10 most expensive streets in the world, while London's Kensington Palace Gardens has been ranked at the fourth place. While the tree-lined street in south of Mumbai is a favourite of India's "very rich," Kensington Palace Gardens area in West London is popularly known as Billionaires Row. It has been home to Late Princess Diana and NRI-billionaire Mittal owns three houses on this street.
In the survey conducted by Wealth-Bulletin, a UK-based online news and analysis provider for global wealth management industry, Avenue Princess Grace in Monaco has been named at the top with a price tag of USD 190,000 per square metre. It is followed by Hong Kong's Severn Road with a price of USD 121,000 per square metre (sq mt) at second and New York City's Fifth Avenue at third place (USD 80,000 per sq mt).
Kensington Palace Gardens has made to the fourth place with a price tag of USD 77,000 per sq mt, while the same for the last-ranked Mumbai's Altamount Road is USD 25,000 per sq mt. Noting that the Mumbai lane has always been a popular choice for homes of India's very rich, Wealth-Bulletin said that the street was "catapulted into the ranks of the world's most expensive when India's wealthiest individual Mukesh Ambani unveiled plans last year to build a residential apartment block on the street at a cost of around USD 1 billion."
Tuesday,5 August 2008 16:35 hrs IST
Mittal street world's fourth most expensive
London: A Mumbai lane where India's richest person Mukesh Ambani is building a billion-dollar home has joined the league of the world's 10 most expensive streets, but is outranked by over three-times costlier London's Billionaires Row where steel tycoon Lakshmi Mittal owns three houses.
Altamount Road in India's financial capital Mumbai has been named as the 10th costliest in a survey of the world's top 10 most expensive streets in the world, while London's Kensington Palace Gardens has been ranked at the fourth place. While the tree-lined street in south of Mumbai is a favourite of India's "very rich," Kensington Palace Gardens area in West London is popularly known as Billionaires Row. It has been home to Late Princess Diana and NRI-billionaire Mittal owns three houses on this street.
In the survey conducted by Wealth-Bulletin, a UK-based online news and analysis provider for global wealth management industry, Avenue Princess Grace in Monaco has been named at the top with a price tag of USD 190,000 per square metre. It is followed by Hong Kong's Severn Road with a price of USD 121,000 per square metre (sq mt) at second and New York City's Fifth Avenue at third place (USD 80,000 per sq mt).
Kensington Palace Gardens has made to the fourth place with a price tag of USD 77,000 per sq mt, while the same for the last-ranked Mumbai's Altamount Road is USD 25,000 per sq mt. Noting that the Mumbai lane has always been a popular choice for homes of India's very rich, Wealth-Bulletin said that the street was "catapulted into the ranks of the world's most expensive when India's wealthiest individual Mukesh Ambani unveiled plans last year to build a residential apartment block on the street at a cost of around USD 1 billion."
Friday, August 1, 2008
Airbus superjumbo lands at New York's JFK - Yahoo! India News
Airbus superjumbo lands at New York's JFK - Yahoo! India News
Enlarge Photo The Emirates Airline's Airbus A380 arrives at John F. Kennedy International Airport in New York...
Airbus superjumbo lands at New York's JFK
Enlarge Photo The Emirates Airline's Airbus A380 arrives at John F. Kennedy International Airport in New York... Sat, Aug 2 03:00 AM
By Bill Rigby
NEW YORK (Reuters) - Airbus's A380 superjumbo touched down at New York's John F. Kennedy International Airport on Friday, marking the first commercial arrival of the giant, double-decker passenger plane on U.S. soil.
The Emirates aircraft, carrying 489 passengers, landed smoothly and on time after a 12-1/2 hour flight from Dubai.
The Gulf-based carrier, owned by the government of Dubai, is the second airline to put the A380 into service, following Singapore Airlines, which started A380 flights to Sydney in October.
The plane, costing $327 million at list prices, did visit New York and Los Angeles in March last year for route-testing purposes, but Friday's flight was the first regularly scheduled arrival of an A380 in the United States.
With its huge capacity and relatively fuel-efficient engines, airlines hope the world's biggest passenger jet will be the most cost-effective way of serving high-volume routes linking big cities, especially in light of soaring oil prices.
The touchdown marks a hard-won victory for Airbus, part of aerospace group EADS, which spent $10 billion and more than a decade on Europe's largest industrial project, in the face of widespread skepticism.
Airbus now has orders for about 200 of the planes from 16 airlines, but none from U.S. carriers. The company is still struggling to iron out production problems after an 18-month delay in getting the first one out of its Toulouse, France, plant.
The delays ended up pushing Airbus into loss and toppling its management, and are still causing political aftershocks in France.
OUTSELLING BOEING
Despite problems, the plane is outselling its nearest competitor, Boeing Co's revamped, expanded 747-8 jumbo, known as the Intercontinental.
Boeing, which invented the concept of mass travel over great distances with its original 747 in the 1970s, has sold only 27 passenger 747-8s so far. The plane, which can seat 467 people in a standard layout, is set to fly first in Lufthansa colors in 2010.
While the A380's success may be bad news for Boeing, plenty of U.S. suppliers are providing parts and electronics for the superjumbo, including Honeywell International Inc, Spirit AeroSystems Holdings Inc, Rockwell Collins Inc and Goodrich Corp.
The engines on the Emirates A380 are also U.S.-made, produced by the Engine Alliance, a joint venture between General Electric Co and Pratt & Whitney, a unit of United Technologies Corp.
Emirates, the world's number-seven airline in terms of international passengers, is the biggest buyer of A380s, with 58 on order, worth almost $190 billion at list prices. After New York, it plans to fly the planes to London from December, then Sydney and Auckland from February.
Some 20 airports worldwide are currently able to handle the giant A380, which needs extra-wide runways for its long wingspan and two-tiered facilities for loading and unloading passengers.
Emirates took possession of the plane in a glitzy ceremony in Hamburg on Monday, flying it to Dubai and then over to New York. The plane has 14 first-class suites, two on-board showers and a bar for first-class customers, as well as a lounge for premium passengers.
Emirates, along with regional rivals Qatar Airways, Abu Dhabi-based Etihad Airways and Bahrain's Gulf Air, are expanding their fleets and routes even as European and U.S. carriers find themselves pinched by high fuel prices and waning demand.
Oil-rich United Arab Emirates hopes the new planes will help it transform into a world business and leisure capital in the next few years, aiming to attract 15 million visitors a year by 2012.
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