CLIENT:1.RATAN TATA - indian business chairman
http://news.bbc.co.uk/1/hi/world/south_asia/6071090.stm" India's Tata Steel has won the battle to take over the Anglo-Dutch steelmaker Corus by making a £5.75bn ($11.3bn) bid. Tata chairman Ratan Tata is not among the Forbes' list of 40 richest Indians around the world.
His sprawling business empire is no longer the largest among privately-owned Indian groups.
He's not even
considered the most powerful businessman in India. More importantly, there's still a lack of clarity about who'll be his successor after his planned retirement in 2012.
But he's one of the most respected corporate chieftains in India. "
"Aggressive and ambitiousThat's a short snapshot of Ratan Tata, 69, who controls the $22bn Tata group, which includes 96 companies manufacturing a range of products from automobiles to watches, steel to fertilisers.
The takeover - the largest by any Indian company - marks yet another transformation in the corporate image of Ratan Tata during his 15 years' stint as the group chairman.
Today, the smooth, suave, and introvert Ratan is being seen as an aggressive and ambitious businessman, whose strategic vision has shifted from local to global. "
***: The power of economy
2. ZhangYin - Richest person in chinahttp://observer.guardian.co.uk/comment/story/0,,1922797,00.html#article_continue "But last week it was reported that China's richest billionaire is now a woman - 49-year-old Zhang Yin is worth a cool $3.4bn (£1.8bn). The tycoon is the world's richest self-made woman, having built China's largest paper recycling business, Nine Dragons Paper, which was floated on the Hong Kong stock market just six months ago. She seems an eloquent symbol of the new China; a capitalist whose success and wealth was unthinkable before Deng Xiaoping freed China from the embrace of Maoism in 1978. It is capitalists such as her who are proof that paradoxically it is communist China that is home to the globe's most vigorous capitalism. And she is a woman.
In China, though, beware. Nothing is quite what it seems. Zhang Yin owes her success both to pro-market Deng Xiaoping and ardent communist Mao. As the eldest daughter of a family with eight children, her expectation before the communist revolution would have been to grow up illiterate before becoming her husband's chattel. Mao's radical egalitarianism may have given China the murderous mayhem of the Cultural Revolution. But he also transformed the role, expectations and education of women. "
"china is still a sexist society, but compared with the rest of Asia it is light years ahead. Female illiteracy in rural India, for example, is still 55 per cent. The change has gone deep into the marrow of Chinese society. One survey recently revealed that Chinese girls between 16 and 19 name becoming president, chief executive or senior manager of a company as their top career choices; Japanese girls between 16 and 19 say they want to become housewives, flight attendants or child-care workers. One of China's most formidable economic and social resources has become its women. "
"The extent of China's reform, and its subsequent growth, is stunning. It is also true that Ms Zhang could not have made her money if China had not opened to the world. But nobody should believe that somehow her fortune means that China has made the full transition to capitalism. Rather she has exploited the system's fault lines. This remains a one-party state, in which every institution - from the media to its companies -
is constructed to sustain its monopoly of power. "
*** Power of economy and policy
3. Carlos Slim - Richest Person in the world (passes bill gates in ranks)http://english.china.com/zh_cn/business/news/11021613/20070704/14199101.html " MEXICO CITY, July 3 (Xinhua) -- Mexican tycoon Carlos Slim has become the world's richest man with a total fortune of around 67.84 billion U.S. dollars, overtaking the United States's Bill Gates, who has 59.2 billion dollars, the Mexican financial website Sentido Commun said on Tuesday.
The Bolsa Mexicana de Valores, the Mexican Stock Exchange, whose index has quintupled in value since 2002, has created vast fortunes for many local businessmen, it said.
Slim's wealth has soared due to the 26.5-percent surge in his mobile phone operating business America Movil and the 11.3-percent gain in the value of Telmex, Slim's near-monopoly fixed-line telecom company.
This means he is worth nearly 8 percent of Mexico's gross domestic product, and 8.6 billion dollars more than Gates. "
"
n April, Forbes magazine listed Slim as the world's second richest man, with 56 billion dollars, overtaking U.S. investor Warren Buffet for the second place on the world's wealth billboard, but below Gates, founder of the software giant Microsoft.
Sentido Comun said that Slim's wealth soared by 10.8 billion dollars in the April to June period alone.
Mexico has a clear rich-poor divide, and the richest Mexicans have personal fortunes worth more than 123 billion dollars while over half of Mexicans live in poverty.
According to the Sentido Comun website, the country's 38 wealthiest families are holding 14.4 percent of the nation's assets."
*** Power of economy
