No matter what they do, they make sure that it’s big, every time... even if the clock is running against them!
Every rise has its fall… only to rise even beyond! With this wise and time-tested belief we unfold this edition’s list of newsmakers, who for a change have made it to our hallowed corridors not for their echoing success, but after seeing billions of net worth being wiped away in a jiffy... Mukesh and Anil Ambani, Sunil Bharti Mittal, Azim Premji and K.P. Singh are names that are constantly making headlines with aggressive growth charts, but this time, they are protagonists of a different sort. A heart wrenching $10 billion of cumulative wealth of these five bigwigs vanished within a fortnight, which was marked by tumultuous times for global equity markets. Undoubtedly, the last few weeks for the famous five richest that India has produced, first got big gains for these tycoons, followed by a bloody bloodbath at the bourses. Only last month, Kushal Pal Singh, Chairman of DLF Group, made the country proud by becoming India’s third trillionaire in rupee terms (as shares of DLF saw some vigorous escalation).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Every rise has its fall… only to rise even beyond! With this wise and time-tested belief we unfold this edition’s list of newsmakers, who for a change have made it to our hallowed corridors not for their echoing success, but after seeing billions of net worth being wiped away in a jiffy... Mukesh and Anil Ambani, Sunil Bharti Mittal, Azim Premji and K.P. Singh are names that are constantly making headlines with aggressive growth charts, but this time, they are protagonists of a different sort. A heart wrenching $10 billion of cumulative wealth of these five bigwigs vanished within a fortnight, which was marked by tumultuous times for global equity markets. Undoubtedly, the last few weeks for the famous five richest that India has produced, first got big gains for these tycoons, followed by a bloody bloodbath at the bourses. Only last month, Kushal Pal Singh, Chairman of DLF Group, made the country proud by becoming India’s third trillionaire in rupee terms (as shares of DLF saw some vigorous escalation).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
