Word: indianizing
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...truth, Mittal is almost as European as he is Asian. He was born and grew up in a modest but well-connected family in Sadulpur, in the northwestern Indian state of Rajasthan, but his business empire has been constructed entirely outside India. Mittal began making his fortune a decade ago after breaking away from his father's Calcutta-based steel business and building his own firm, buying up steel plants in countries ranging from Algeria to Kazakhstan, Ukraine and the U.S. His timing was brilliant: worldwide demand for steel has been soaring because of massive demand from China and other...
...those who follow Indian business, and many will stress Mittal's global links. "Mittal is not really Indian. He's floating somewhere above India Inc.," says James Winterbotham, founder of London-based merger consultant India Advisory Partners. But in one sense, he is very Indian indeed, for a host of companies from the subcontinent are now getting into the global game. Even excluding the Mittal-Arcelor deal and the pending bid by Tata Group for Corus, data compiled by Winterbotham's firm shows that Indian companies spent about $6.5 billion on international acquisitions in 2006, almost triple the volume...
...French ally early on: François Pinault, a fellow self-made billionaire whose holdings include luxury designer Gucci. Pinault was appalled by the reaction to the bid. "I didn't like the welcome he received in France, nor the xenophobic, even racist character of certain comments about 'the Indian,'" explained Pinault, who joined Mittal's board and introduced him to the cream of the French business establishment. "Pinault really supported me," Mittal says today. "He kept saying that if you have a strong rationale and industrial logic, you will...
...Made for Maharajas: A Design Diary of Princely India Amin Jaffer The love affair between Indian royals and European artisans began in 1573 when the great Mughal ruler Akbar met his first gift-bearing European, and demanded from then on that his courtiers bring him more "wonderful things" from the West. The relationship reached its climax at the height of the British Raj (1857-1947) when India's princes, increasingly marginalized from political life, indulged instead in lavish escapism-building and furnishing opulent palaces influenced by the fashions of European ?lites. There is no richer testament to the period than...
...Cradle of Flavor: Home Cooking From The Spice Islands of Indonesia, Malaysia and Singapore James Oseland In this mix-and-match age, epicures around the world know how to roll sushi and concoct Indian curries. But practical knowledge of the cuisines of Indonesia, Malaysia and Singapore is relatively limited once you venture outside those countries. James Oseland, editor of the American foodie magazine Saveur, has dedicated himself to redressing this culinary oversight. In Cradle of Flavor-a delightful book that is part culinary anthropology, part travelogue-he draws on two decades of dining in Southeast Asian homes to serve...