Raves & Rants & Numbers


Numbers :

Rs 770 crore – The amount Godrej Properties, the real estate development arm of the Godrej Group, has raised by creating a property development fund with Dutch pension services provider APG and Sparinvest Property Fund II.

$1.6 billion The money Jaguar Land Rover will spend with UK suppliers over the next four years to meet strong demand for the Range Rover Evoque.

 $500 million – The amount for which the Aditya Birla Group, the cash rich conglomerate headed by Kumar Mangalam Birla, has submitted to buy Australia-listed iron ore producing firm Northern Iron.

Rs 950 crore – The amount with which Citibank signed the biggest commercial office space deal in the country — 3 lakh sq ft spread over six floors in a 12-storey building.

$4.46 trillion – The number that helped India race ahead of Japan to become the third-biggest economy after the United States and China, according to data released by the International Monetary Fund (IMF), which shows India’s gross domestic product in purchasing power parity (PPP) is marginally higher than Japan’s $4.44 trillion.

626 million – The number of Indians who lack access to closed toilets.

$16.2 million – The annual package of Goldman Sachs Chief Executive Lloyd Blankfein — an increase of 14.5 per cent from last year, despite a sharp decline in profits and share price during the year.

Rs. 4.5 crore to Rs 1.9 crore – The drop in Wipro chairman and managing director Azim Premji’s pay cut in the last fiscal.

37.4 per cent – The percentage at which Tata Consultancy Services, the country’s largest software services exporter, net profit rose for the quarter ended June 2012, helped by increased demand for outsourcing and a weaker rupee.

Raves & Rants :

“It’s the only home we have in the world”. – Nita Ambani about their home Antilia, the world’s largest private residence.

“I only had training in common sense,” Manoj Bhargava, richest Indian in US. The 58-year-old Princeton University dropout came into the limelight after debuting in the Forbes list of billionaires this year.

“This is the right time to enter Indian market. It is growing in every direction. Economically also it is growing. We are here to present our line of fashion and Cafe in India,” Gianluca Brozetti, CEO of Roberto Cavalli.

“Valentino has always been a brand of unique creativity and undisputed prestige” – spokesperson of Mayhoola part of Qatari Royal family, who bought Italian fashion brand Valentino for an undisclosed amount.

The multi-million dollar deal involves developing an integrated business management over the next three years to MMG, with a common operating platform for its cross-country assets. – Wipro senior vice-president for energy, natural resources and utilities Anand Padmanabhan after the announcement that Australian mining firm MMG had selected Indian IT bellwether Wipro Technologies as key strategic partner.