Gautam Adani had in the late 1970s applied to join a Mumbai college for education, but the college rejected his application. He did not pursue education but turned to business and went on to build a $220 billion empire. About four-and-a-half decades later, he gets called to the same college to deliver a lecture to students on Teachers Day. Adani had moved to Mumbai at the age of 16 and started working as a diamond sorter.
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
India's opening stocks of wheat in the central pool are expected to be 19.5-20 million tonnes as on April 1, 2022, the lowest in the last three years, but much higher than the normative level required for maintaining a buffer and strategic reserve, trade and market sources said. In accordance with the buffer and strategic reserve norms, India should have a wheat stock of 7.5 million tonnes in the central pool as on April 1 each year and this year's stocks, though the lowest in the last three years, will still be over 160 per cent more than what is required. On the export front, both government and trade sources are unanimous that this year (FY22) they will be 7-7.25 million tonnes, a record, while in the next financial year, they might touch even 10 million tonnes if the current momentum is maintained.
Basketball player Satnam Singh Bhamara, who became the first Indian to be drafted into an NBA team before being banned or doping, has decided to try his hand at wrestling by sealing a deal with a professional league in the United States.
Cargill believes the reforms would act as a catalyst in attracting private sector investment in building supply chains for taking Indian farm produce to national and global markets.
Water shortage is likely to lead to political tensions and instability in the future, warns Simon George, President, Cargill India.
The formula for success of farm economy is very simple -- farmers should be able to produce more from the same piece of land at reduced cost while minimising risk and be connected to market to get higher realisation for their produce, points out Siraj Chaudhry.
India gets its first basmati billionaire family. The promoter family of KRBL reaps gains from high demand for basmati in India and overseas. The company had a stock of 300,000 tonnes of rice as of September 30.
In its latest campaign, Dalda is stressing that it's now a refined oil brand and no longer just a vanaspati offering.
Even as foreign investors land in Delhi to attend the first major food processing trade fair, Delhiites queue up to satisfy their tastebuds
There is a need for stimulus, as India is essentially a consumption economy, argues Cargill India chairman Siraj Chaudhry
'There is a need for stimulus, as India is essentially a consumption economy.'
If Jatin Singh is right in the long run and his morphed business can help reduce farmer distress, Skymet will provide a service of far more value from where it began
People move from investment banking to growth equity or from venture capital to growth equity or entrepreneurship, depending on what's attractive at different points of life.
Dabur has launched 44 products during the year.
The Punjab government blames the slow growth on tax concessions in neighboring Himachal Pradesh and Haryana's proximity to Delhi.
Domestic food companies, too, continue to bet on packaged foods.
Samples of Mother Dairy milk last week were found to be contaminated.
'We're starting to see signs of getting back to where we were'
Liverpool's Raheem Sterling netted a sharply-taken double in a 3-1 win over Bournemouth on Wednesday to set up a League Cup semi-final with Chelsea.
India Inc raised $2.78 billion from overseas markets in October this year, up 44 per cent from a year ago, according to the Reserve Bank data released on Friday.
US-based global technology giant IBM expressed keen interest in participating in India's newly-launched initiatives like Smart Cities and Digital India.
World's largest asset manager Blackrock will host a global investors meet in India next year, CEO Laurence Flik conveyed to Prime Minister Narendra Modi.
As Prime Minister Narendra Modi arrived in New York on Friday on a five-day US visit, he was greeted with 'Har Har Modi' slogan.
Prime Minister Narendra Modi on Monday gifted famous Indian tea to the captains of 11 large American corporations.
Defence major Boeing on Monday proposed greater business engagement with India, as Prime Minister Narendra Modi promised the US companies to provide friendlier business environment in the country.
He is meeting stalwarts such as Google's Eric E Schmidt, Carlyle's David M Rubenstein, Cargill's David W MacLennan, MasterCard's Ajay Banga, and Pepsico's Indra Nooyi.
In a pre-budget meeting with Finance Minister Arun Jaitley, the experts suggested timely implementation of the BJP's election manifesto promises to fix higher support prices. They also favoured a Kissan TV channel, an efficient procurement policy, priority for farm mechanisation and the linking of rivers.
'The mood in the country is the challenge. Everything is going well, but nobody is feeling good. Why? I don't know. Maybe aspirations are too high... The most important thing in life is to be a good person. Rahul is a wonderful person. He is a thinking man. He has convictions and is passionate about his work.' Sam Pitroda discusses the Congress party and Rahul Gandhi in an exclusive interview with Rediff.com's Sheela Bhatt.
India-US should further strengthen economic ties.
The UP chief minister reached out to USIBC a year ago seeking American investment in the state and today we have an array of some of America's finest companies being represented here.
Plans to enter the Southeast Asian market through acquisition.
Haldia Bulk Terminals pulled out of 10-year contract for cargo-handling operations, blaming the political climate and "vested interest".
American businesses are lobbying with political parties here to build a consensus on stalled economic reforms such as liberalisation of foreign direct investment (FDI) in sectors like multi-brand retail, aviation and insurance, and for expeditious introduction of a Goods and Services Tax (GST).
As a rule, when Tarun Das speaks, he is to be taken seriously. The exception occurs when the Confederation of Indian Industry's former chief mentor says that Deepa Prahalad is a clone of her father's.
An interview with former US assistant secretary of commerce Raymond E Vickery speaks on his book The Eagle And The Elephant: Strategic Aspects Of Us-India Economic Engagement.
In a bid to reduce the risk of heart ailments from intake of trans fat (TFA) packaged foods, the government is mulling a cap of 10 per cent on TFA in partially hydrogenated vegetable oils. The Food Safety and Standards Authority of India, an autonomous statutory body administered by the ministry of health and family welfare, has come up with a draft on this that it has presented to the stakeholders. It plans to introduce the cap by January 2010.
United Way, an alliance of MNCs and social agents, works on a belief that philanthropy finds new ways of giving in times of economic distress, says Sreelatha Menon.
Large companies that put public offerings on hold include AMC Entertainment, Safety-Keen and NewPage Holding. On the other side, Alliance Data Systems and PennNational Gaming canceled plans to go private.
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