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Many Indians shared Kumar's sense of outrage. Commerce and industry minister Kamal Nath warned that, "There cannot be any discrimination against outward investment from India." In an era of globalization, he said, "trade and investment [is] a two-way street." Industrialist Venugopal Dhoot, who heads the Associated Chambers of Commerce and Industry of India, told the Press Trust of India that Orient-Express had shown "arrogance toward one of India's most respected business houses." The discriminatory tone of Orient-Express's letter was "close to racism, barely camouflaged in the language of branding," opined an angry editorial (entitled...

Author: /time Magazine | Title: Is India Bad for Jaguar? | 12/14/2007 | See Source »

...transformation that has given the former conglomerate a clear focus. To get there, the company has undergone a radical change. In 1996 Danone was selling beer, glass, frozen food, pasta sauces, candies, Italian cheese, cookies, dairy products and water. Riboud, who took over the business from his famous industrialist father Antoine that year (the family controls less than 0.5% of the shares), decided in 1997 to refocus the company, which began its conglomerate life as a glassmaker called BSN in 1966. "We used to say that the mission of the company was to bring health through food to the maximum...

Author: /time Magazine | Title: Danone Cuts Out the Cookies | 10/18/2007 | See Source »

...first of 18 new bells being delivered from Russia to Harvard, with the rest slated to be installed in Lowell House next summer. The new set is coming to Cambridge in exchange for Harvard’s historic bells from Danilov Monastery in Moscow, which an American industrialist purchased from Josef Stalin’s Soviet Union and gave to the University in 1930. When the bells arrived over 70 years ago, 17 of them went to Lowell House. But one was sent across the Charles River after a bell expert determined that two of them were too close...

Author: By Victoria B. Kabak, CRIMSON STAFF WRITER | Title: HBS Rings in New Russian Bell | 10/2/2007 | See Source »

...Swiss industrialist Emil Georg Bührle (1890-1956) studied art history and was 30 years old when he began amassing his collection. Since 1960, his family's foundation has put around 200 of the works on public display...

Author: /time Magazine | Title: An Eye for Quality | 9/26/2007 | See Source »

...electricity to remote areas, and the arts and media are freer than they have been in a long while. But it's a quirk of Pakistani politics that leaders are easily built up, torn down, cannibalized and regurgitated. Like Musharraf, Sharif has a new persona. Once deemed an industrialist out of touch with the masses, he is now seen as an economic savior who will curb the crippling inflation that plagues Pakistan today. Corruption charges against him, including money laundering through a paper mill to the tune of about $31.5 million, are glossed over as opposition propaganda. (Sharif denies...

Author: /time Magazine | Title: Pakistan's Drama Unfolds | 9/13/2007 | See Source »

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