25 most powerful people in business
Some are empire builders. Others are hired guns. But if they truly have world-class oomph, they're on Fortune's subjective - yet really quite accurate - list of the most powerful businesspeople in the world.
India's 10 richest property investors have more funds than Donald Bren, Donald Trump, Samuel Zell and the next seven wealthiest U.S. real-estate investors, Forbes Magazine reported. Mumbai has the world's second-highest office rents after London's West End, according to data compiled by real-estate broker CB Richard Ellis. Rents in Mumbai rose 55 percent in the past year to $189.51 per square foot, almost double the costs in midtown Manhattan, CB Richard Ellis reported
Best Subprime Quote du Jour
Best subprime quote of the day goes to John Mauldin. He is paraphrasing Jim Grant, and Grant has been saying this for some time, but it still counts:
"The subprime problem, we were told, would not spread to other markets. It would be "contained." And it has, according to Jim Grant. He quipped last week that it has been contained on planet Earth."
15 Successful Entrepreneurs Who Didn’t Need College
Pulling Out All the Stops: The Opening of India's Real Estate Market
Unprecedented investment opportunities are beckoning in all sectors – retail, residential, commercial and hospitality.
Real estate values have been appreciating at a staggering 30 percent annually, spurred by government reforms and the relaxation of foreign real estate ownership constraints. Direct foreign investment is surging – and with good reason.
India is the world’s most populous democracy with a growing middle class and the largest English-speaking workforce outside of the United States. In purchasing power,
India’s is the world’s fourth largest economy with a growth rate nearly equal to China’s. Thanks to urbanization and easier credit access, developers can’t build residential real estate fast enough. In spite of red tape, sometimes inadequate infrastructure and widespread poverty, skyrocketing demand in the office, commercial and manufacturing sectors is likely to keep the Indian real estate market hot for years to come. The question may no longer be “Why India?,” but “Why not India?”.
Key success factors for deals in emerging markets are identifiable at each stage of the transaction lifecycle:
- Strategic analysis: Clarity of purpose drives success
- Opportunity analysis: Know the deals, build relationships with all stakeholders
- Transaction development: What you don’t know will come back to hurt you
- Negotiation and execution: The 'best' deal is the most workable deal
- Transaction effectiveness: Getting it right at the end means getting it right at the start
There's good reason, however, why tech companies might perform well amid current conditions. Technology companies, which traditionally do not carry much debt, are looking like a safe alternative to the housing market and the heavily leveraged financial sector. "Money has got to go somewhere," says David Geltner, director of the Massachusetts Institute of Technology's Center for Real Estate and a professor of real estate finance. "A lot of money left the tech sector in the early part of this decade and went to real estate, and now maybe some of that money will leave real estate and make its way back to tech." Geltner says the shift is already happening,
Consider for example the Price to Earnings (PE) ratios of these markets (on estimated 2007 earnings):
United States S&P 500: 15.5x
United Kingdom FTSE 100: 12.1x
France CAC 40: 12.4x
Germany DAX 30: 12.6x
China Shanghai: 42.7x
India Sensex: 22.4x
Venezuela: 20.6x
Pakistan: 18.6x
Slovenia: 35.6x
My favorite VC Fred Wilson, has a very interesting post about Amazon Kindle. What to say, when content distributors are going to learn their lesson.
If you cant be a leader learn from leaders. Google doesn't have a single page in terms of content and still best revenue stream. Give a break and make the content available for free and if you are lucky you will make a buck or two for yourself and your poor share holders.
ps: Amazon is a great company which I have a lot of admiration and respect, who ever over seeing the kindle is just screwing it up.
New lesson. Who ever associate with the telecom companies its time for them to revamp their PR department.
"Kushal Pal Singh is fourth on the 2007 India
Rich List with a net worth of 35 billion dollars, making him the
world's richest real estate developer," Forbes said.Singh's
wealth appreciated over 250 per cent after his company, DLF, went
public in June this year and the stock has surged 60 per cent since
then, it added.Unitech's Ramesh
Chandra ranks 8th with a net worth of $11.6 billion, followed by
Wadhawan at the 26th spot with a wealth of $2.35 billion.Raheja and Hiranandani, real estate developers from the financial capital of India - Mumbai, rank 30th and 31st with a net worth of $2.15 billion
and $2.1 billion respectively.Although
there are 54 billionaires in India according to Forbes, 14 of them
could not make the cut for the 'India's 40 Richest' list which required
a minimum wealth of $1.6 billion.Pradeep
Jain of Parsvnath Developers ranks 46th with $1.25 billion net worth,
while Rohtas Goel of Omaxe is positioned at 48th place with $1.2
billion. Parsvnath and Omaxe are based in India's capital New Delhi.Of the seven real estate companies that have entered the Forbes' list, DLF, Omaxe and HDIL got listed in the stock exchanges this year, while Parsvnath entered the stock market last year.
India's booming real estate sector has more than doubled the number of billionaires from this space in just 12 months, with DLF's Kushal Pal Singh emerging "the world's richest real estate developer."
Among 54 Indian billionaires identified by Forbes magazine, there are seven real estate developers with a net worth of over a billion dollar each
M&A firm acquires M&A firm
Japanese
company GCA, which specializes in advising other companies on mergers
and acquisitions, followed its own advice, we hope, in announcing its
acquisition of US company Savvian, also an M&A advisory firm. The deal is for $780 million.
Founded in 2004, GCA is #2 in its category in Japan, following financial services company Nomura. It has clients such as Nikko Cordial
(just sold to Citigroup) and Matsushita. Savvian specializes in
high-tech acquisitions, an area that is still hot in spite of the
recent slowdown in US M&A activity. Created in 2003, it has advised in 70 deals adding up to $12 billion.
The
announcement was part off a growing tendency for Japanese companies to
be involved in international acquisitions, something in which GCA may
be better equipped to advise them. Japanese M&A activity is growing, according to the Financial Times, up over 10 percent this year, reaching over $122 billion so far this year.
As a Wall Street Journal article ("Japan's GCA Joins Push to Look Abroad", 11/2/2007)
puts it:Many Japanese
companies have grown increasingly worried that growth in their home
market will slow as the country's population shrinks. To push profit
higher, many are looking for ways to expand into markets overseas where
growth promises to be faster. To do that, many Japanese companies have
decided they need to acquire a local firm,
Physically
1. Simple food, quality, quantity.
2. Regularity in eating and sleep.
3. Masticate (means chew your food); leave table hungry.
4. We are a part of all we have eaten.
5. Exercise, five minutes, three times daily.
6. Air — most important.
7. Sunlight, artificial light.
8. Water inside and outside.
9. Loose clothing.
10. Early to sleep; get plenty.
How Low Can the Dollar Go? Thoughts from 12 Experts
November 1st, 2007
Recently the dollar has seen troubled times. After reaching parity with the Canadian dollar and the offloading of US Treasuries from Asian countries, things just aren’t looking good. Find out what financial experts have to say about the dollar’s future.
Paul Robinson, Barclays: “We expect it to get quite a bit weaker.”
The Telegraph reports, “Barclays expect the Fed to cut rates by another quarter point to 5pc in a move that further erode one of the dollar’s key props.” Paul Robinson, strategist for Barclays, explains, “We’re dollar bears. The dollar is coming up for an important few weeks. We expect it to get quite a bit weaker.” They believe that it’s possible the dollar could fall to $1.50 on the euro.
Thomas Stopler, Goldman Sachs: “The data suggests there will be a weaker dollar.”
Thomas Stopler, economist for Goldman Sachs, predicts a troublesome future for the dollar. Based on the negative capital-flows situation, he interprets data to mean that “there will be a weaker dollar.”
http://www.currencytrading.net/2007/how-low-can-the-dollar-go-thoughts-from-10-experts/
