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Group of all cool people in Comps-VESIT.
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Thursday, November 06, 2003
aNYa blogs: "Ratan Tata - E&Y entrepreneur 2003
Ratan Tata is India's Ernst & Young entrepreneur of the year 2003. The award is well deserved no doubt. Though I cannot guage why this year? Probably cos the Indica/Indigo is doing so well, and the Tatas are planning exports and everything. Anyways .. thats not the point, today I dont want to talk about the Tatas (no offense). I just want to share a story about another entrepreneur, the biggest of his kind - Dhirubhai Ambani. I have heard a bit of comparison being done between the two. The Tatas somehow command more respect, they 'feel' more aristocratic. That may be to the fact that the Ambanis have never sported the 'clean' tag unlike the Tatas. Reliance has had its share of controversies, more so during the License Raj. On the other hand the Tatas have rarely if ever been involved in anything similar.
I am not belittling the achievement of Dhirubhai mind you. To rise from working at a petrol station in Eden, Yemen to being the chairman of India's largest corporation is dizzying. One of my favourite stories about Dhirubhai is that when he was in Eden. During the 1950s the Yemeni administration discovered that the main unit of its currency, the rial, was disappearing from the market. The administration traced the shortage to Eden, a port in Yemen and found to its surprise that a young Indian in his twenties had placed an unlimited buy order for rials. The rial was a solid silver coin and what this young man did was to simply buy rials, melt them into silver ingots and sell them to bullion dealers in London. This was a profitable venture as the silver in the rial was valued higher by bullion dealers in London. The name of the young man? Dhirubhai Ambani. "
posted by Marw
11/06/2003 04:58:00 PM
106815593350082433
Google Faces Fight Over Ads & Trademarks In France
posted by Marw
11/06/2003 04:25:00 PM
106815391183196879
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