High and Mighty: In the Saddle

first_img#11 Shiv Nadar72, Chairman, HCL and Shiv Nadar FoundationTrail blazerBecause with a net worth of 14.5 billion dollars, he is ranked among the top 100 global billionaires. He saw his fortune rise by 1.8 billion dollars in FY 2018. HCL Technologies is investing in the future, having pumped in 780,#11 Shiv Nadar72, Chairman, HCL and Shiv Nadar FoundationTrail blazerBecause with a net worth of 14.5 billion dollars, he is ranked among the top 100 global billionaires. He saw his fortune rise by 1.8 billion dollars in FY 2018. HCL Technologies is investing in the future, having pumped in 780 million dollars into five intellectual property partnerships with IBM.Because he has been a trail blazer in corporate philanthropy, donating Rs 630 crore in 2016 to the Shiv Nadar Foundation, supporting causes as varied as art, education and healthcare.Because the Shiv Nadar Foundation is building an ecosystem of high quality education in India, with the Shiv Nadar University and the Shiv Nadar and VidyaGyan schools, the last aiming to identify and nurture gifted underprivileged students.Couple goals Wife and Shiv Nadar Foundation trustee Kiran Nadar’s team won the fifth Commonwealth Nations Bridge Championships.Photo: Business Today#12 Sunil Bharti Mittal60, Chairman, Bharti EnterprisesSpectrum lordBecause by acquiring more spectrum and users, Bharti Airtel has managed to stay on top in terms of subscribers and revenues against the onslaught of tariff wars unleashed by Reliance Jio. The recent acquisitions of Tata Tele and Telenor India should also help.Because Bharti Airtel’s average spectrum holding has jumped 25 per cent to 45.7 MHz, compared to 29 MHz for RJio and 40.4 MHz for Vodafone-Idea. Spectrum has a direct bearing on the quality of services that a telco can offer its customers.Because Bharti is expanding its global presence and will also list its Africa business, a move which will help it raise funds. With operations in 18 countries, Mittal can now be considered a global telecom major.advertisementGiving back The family has pledged 10 per cent of its wealth to charity.#13 Anil Agarwal64, Chairman, Vedanta ResourcesDigging deepBecause the conglomerate has a formidable footprint in India, from copper plants in Tuticorin and Silvassa, to zinc operations and oil blocks in Rajasthan, and bauxite operations in Chhattisgarh, and is planning a 9 billion dollars investment in energy and mineral resources.Because the mining giant returned to profit last year and continues to expand its global footprint from Australia to Zambia.Because he’s never far from the news-the group’s latest controversy is a copper smelter plant in Tamil Nadu that has prompted thousands to take to the streets in protest.Because he regularly brings changes needed in critical policies to the attention of the government through newspaper advertisements, the latest asking the government to “resolve retrospective tax issues to give comfort to foreign investors” in the oil and gas sector.Next big idea Plans to launch a 1 billion dollars (Rs 6,500 crore) venture capital fund to support start-ups.#14 Amit Agarwal43, Country Head, Amazon IndiaSpeedy deliveryBecause, in over four years, he has built Amazon India into a formidable e-tail giant to take on rival Flipkart, garnering a 44 per cent customer share and a growth rate 50 per cent faster than the competition as of December 2017. Amazon offers more than 160 million products on its platform.Because after getting the go-ahead from the Reserve Bank of India to expand the scope of its digital payments business, Amazon India is preparing to make a big push into digital payments and compete aggressively with Paytm, Freecharge and arch-rival Flipkart’s payment business, PhonePe.Jobs zone More than 285,000 small and medium entrepreneurs make their livelihood on Amazon.#15 Subramanian Swamy78, MP, Rajya SabhaOne Man ArmyBecause he single-handedly revived the Ram Janmabhoomi case in 2017 by challenging the 2011 verdict of the Allahabad High Court.Because he questioned the holding pattern of GSTN, the company that provides the IT backbone of the government’s indirect tax network, forcing the finance ministry to consider taking over the firm.Because he is the scourge of many powerful people. He fought a 45-year-old case against IIT Delhi over his salary dues. AIADMK leader V.K. Sasikala was jailed after the Supreme Court verdict in a 20-year-old disproportionate assets case filed by him. Sonia and Rahul Gandhi are on bail in the 2013 National Herald case.Did you know? As president of the Janata Yuva Morcha (1977-1980), his Nagpur district secretary was Nitin Gadkari, Gorakhpur district president Rajnath Singh, Andhra Pradesh president Venkaiah Naidu and his polling agent Manohar Parrikar.Photo: Rajwant Rawat#16 Vijay Shekhar Sharma44, Founder and CEO, PaytmPay it forwardBecause with a net worth of 1.3 billion dollars, he is India’s youngest billionaire. He introduced the concept of mobile wallets to Indians and also made it to the Time’s 100 most influential people in the world, the only other Indian on the list being Narendra Modi. Paytm is the largest mobile wallet company with 250 million account holders; he wants to scale it to 500 million by 2020.advertisementBecause Paytm was one of the biggest beneficiaries of demonetisation. Its traffic increased by 435 per cent while its app downloads grew 200 per cent.Because as of May 2017, Paytm’s valuation was at 7 billion dollars and he accomplished this within the last decade. He was quoted in an interview as saying that the valuation could go up to 12 billion dollars.Did you know? He loves speed, in cars and work, is passionate about all genres of music, and considers Jack Ma of Alibaba to be his guide.Photo: Bandeep Singh#17 Aditya PurI68, MD, HDFC BankMr BankableBecause he stands tall among bankers. At a time when the sector is passing through its toughest phase with rising bad loans and allegations of fraud and nepotism, the country’s largest and most valuable private lender HDFC Bank with market capitalisation of over Rs 5 lakh crore reported a net profit of Rs 4,642.6 crore for the quarter ended December 2017-an increase of more than 20 per cent over the corresponding period last year.Because steering HDFC Bank since 1994, he is the only Indian on Fortune’s ‘Businessperson of the Year’ ranking of world’s top 20 heads of companies, at 18th position in November 2017.Because HDFC bank has launched a fund to help start-ups access capital as it seeks to expand itself in this space.Favourite movies Gone with the Wind and Guns of Navarone.Retirement plan Teaching MBA students.Bookmark Loved Ayn Rand, but complains of getting tired of reading economics.Photo: Rachit Goswami#18 Sanjiv Goenka57, Chairman, RP-Sanjiv Goenka GroupEastern messiahBecause at a time when corporate credibility has hit an all-time low, the RP-Sanjiv Goenka group has grown with an enviable debt to equity ratio of 1:1.1, having expanded using internal accruals rather than bank borrowings.Because his listed companies gave investors an average return of 66 per cent in 2017. Total market capitalisation of listed companies went up to Rs 20,000 crore, an addition of Rs 7,800 crore from last year.Because his company has forayed into the low calorie snacking market and Goenka is hoping to take it to 500,000 outlets in the next 15 months.Because he exerts considerable influence over the business policies of the West Bengal government and has been an important link between the state and the Centre.Gamechanger Having made inroads into cricket and football with Indian Premier League team Rising Pune Supergiant and Indian Super League team Atletico de Kolkata, he has partnered with India captain Virat Kohli to build a platform to support athletes with scholarships of upto Rs 2 crore.Photo: Bandeep Singh#19 Gautam Adani55, Founder & Chairman, Adani GroupPower packBecause this college dropout-turned- business tycoon, seen to be the closest to Narendra Modi, distanced himself from the power centre after increased public scrutiny of his group’s operations. He has further grown his Rs 71,500 crore business empire through a four-fold expansion of Dhamra port in Odisha to 100 million tonnes capacity.Because his group is betting big on defence by setting up a plant in Hyderabad to make a composite aero structure for Hermes 900 drones in a tie-up with Israel’s Elbit Systems.advertisementBecause India’s largest power producer Adani Power’s transmission arm entered the power distribution business by acquiring Reliance Infrastructure’s Mumbai distribution business.Because the Directorate of Revenue Intelligence in 2017 nullified all proceedings against the Adani Group firms that were accused of allegedly inflating the total declared value of goods imported under power and infrastructure heads to the extent of Rs 3,974.12 crore.Did you know? Subramanian Swamy recently described Adani as the “biggest Non-Performing Asset (NPA) trapeze artiste”.Photo: Nandan Dave#20 Uday Shankar55, Chairman & CEO of Star India and President (Asia), 21st Century FoxRising starBecause Star India’s video streaming platform Hotstar has 75 million active subscribers. On April 10, it set a global record with 5.5 million viewers tuning in for the Chennai Super Kings and Kolkata Knight Riders IPL match.Because Star Sports outbid Sony and Reliance Jio to bag the BCCI media rights for Rs 6,138.1 crore which entitles them to cover the men in blue’s home bilateral series for five years.Because rebranding of Life OK as Star Bharat has placed it among the top three in the general entertainment category.Did you know? Though a professional rival, Punit Goenka, the MD and CEO of Zee Entertainment, is a friend.-with MG Arun, Amarnath K Menon, Shweta Punj, Kaushik Deka, Suhani Singh, Asmita Bakshi, Damayanti Datta, Romita Datta, Uday Mahurkar and Anshuman Tiwarilast_img read more

Oldendorff to Build 2 Ships for Transhipment Gig in Vietnam

first_imgzoomImage Courtesy: Oldendorff Carriers German bulk carrier owner and operator Oldendorff Carriers has signed an integrated coal transport and transhipment deal for a new power station project to be built in the North of Vietnam at Nghi Son.Under the contract, the company will transport around 100 million tonnes of coal over 25 years for Nghi Son 2 Power Limited Liability Company (NS2PC), a consortium between Marubeni Corp of Japan and Korea Electric Power Corporation (Kepco).To support the project, Oldendorff Carriers said it would build two transhipment vessels in China, with the first ship being ready to tranship and deliver coal cargoes in 2021.The ships will feature a length of 145 m, a beam of abt 34 m with about 27,000 tdw on 8.5m draft. They will be equipped with 2 heavy-duty cranes for self-loading from the Capesize vessels at anchorage, and a gravity feed self-unloading system for discharging the coal at the NS2PC jetty.There will be about two Capesize deliveries per month and each vessel will have on board up to 2 grades of coal, the company explained.Oldendorff said it plans to open an office in North Vietnam in order to perform the transhipment operations together with Vietnamese partners.NS2PC started construction this year on 2 x 600 MW power generation units on the coast of Nghi Son Province in North Vietnam. Both units will be completed in 2021 and are expected to consume about 4 million tonnes of coal per year.The coal will be mainly imported from five ports in Indonesia; Balikpapan anchorage, Samarinda anchorage, Adang Bay anchorage, Muara Jawa anchorage and Muara Berau anchorage, in Capesize bulkers.last_img read more

Toronto Polar Bear Clubs New Years Day dip cancelled for 1st time

first_imgTORONTO – The cold snap gripping much of Canada is even keeping the polar bear dippers out of the water.The Toronto Polar Bear Club has cancelled its New Year’s Day polar bear dip for the first time in 13 years.The club says participant safety and ice conditions at Toronto’s Sunnyside Beach led to the decision to cancel.The club says it’s looking into running the event on a later date, but is encouraging anyone doing their own “mini polar bear dip” on New Year’s Day to post video to Facebook or Twitter.For alternatives to a dip, it suggests jumping in a snowbank or making snow angels while wearing a bathing suit.“If we can’t be together tomorrow, let’s be together in spirit!” the club said Sunday in tweets and a Facebook posting.last_img read more