From the list of persons, Rediff can publish the interview of few of them, so that readers can understand how they struggled to get in to the list. Would be a inspiration for hard working people to claimb the ladder from those inspirations.
RE:Inspirational interviews
by anirudh ringe on Mar 12, 2007 09:16 PM
that will be really helpful if we can know about anyone from the above list.....that how one can convert a paisa into a rupee.
RE:Inspirational interviews
by anirudh ringe on Mar 12, 2007 09:17 PM
that will be really helpful if we can know about anyone from the above list.....that how one can convert a paisa into a rupee.
RE:Did Anybody notice Kalanidhi Maran at position 349?
by on Mar 12, 2007 11:40 AM
did you notice that Kalanidhi maran wealthier coz of sun tv and it is mentioned the same we all know sun tv is doing good in all four regional laungauges. there is no politics in this this as u say
>> You & I and some poor indians buy few 100 shares of Reliance ( for our little wealth creation and retirement fund) and reliance stock price goes up, Mr. ambani holds a few hundred crores of those shares so his wealth goes up by a few hundred crores. What kind of wealth is that? Virtual, zero value added wealth!
There is REAL value. The price of the stock is going up because the companies' profits are increasing. When you buy 1 share of stock, you buy a small percentage of the company. If the company is making more money, then the value of that share will also increase. It is not correct , to say it has zero value.
The Godrej workers (labour only, staff and managagement people excluded) in their Vikhroli unit are having a tough time. I got to know from friends that the company has put a cap on their monthly salaries. No worker's salary can increase beyond Rs. 15,000/- per month even if he has worked for 25-30 years in the company. What kind of justice is this ? Mr. Godrej, have heart. How will that poor guy buy a house of his own ? His children cannot dream of higher studies. Will they have to continue as labourers for generations ? Mr. Godrej, when the workers' salaries issue comes up, you industrialists say that they are as per the industry standards. I had read Mr. Vaman Kamath saying this in one of his Rediff chats. Do you guys have any industry standards for your toplines ? You want to break all standards as far as your toplines and bottomlines are concerned. How hypocritical ? We talk about India progressing like anything in the past few years. What kind of progress are we talking about ? There are crores in India still languishing in poverty. Crores of Indians have never touched the keyboards of a Computer. Economic development should benefit the poorest of poor. Then only we can say that we have progressed. People like Ambanis, Godrej, Premji should create a new poverty alleviation fund to completely clear India of the menace by 2015. Then only we can say that we are a great nation.
RE:MR. GODREJ, R U LISTENING ?
by Sunil Gangadharan on Mar 12, 2007 10:37 AM
It is shocking to note if what Mr. Roy says is true that there is a cap on the salary limit of workers among Godrej employees.
Companies should aim to increase profits which is why they exist, so that they can continue to invest further and develop newer opportunities for employment this in turn would spread wealth. That is welcome.
There is however no logic in CEO's and top executives earning unlimited salaries while their workers down the line are limited to paltry sums. There is a limit to what we all can eat and drink.
These billionaires must ensure that those working for them must be taken care of well by providing them with all facilities to meet basice needs like a proper house, education for their children, health care etc.
Like Roy and many of us who think along the same lines Economic development is only good if it can touch the lives of the poorest of the poor and their standard of lving is improved. In a country of 1 billion it is not a great thing to have 36 US Dollar billionaires while over 300 million lives on less than a dollar a day.
By the way has any one realised how far 1 billion dollars can go. Even if one spent 10,000/- dollars every day it would take you nearly 274 years to finish it. Don't believe what I say work out the numbers yourself.
RE:MR. GODREJ, R U LISTENING ?
by ritwick sanyal on Mar 12, 2007 02:19 PM
What crap..who said there is a salary cap on salaries of ppl working in Godrej Industries..My friends work with Godrej Industry and last heard their salary keeps on increaseing year after year..Godrej also provides accomodation for their employees in Mumbai ...
In India some are rich because they got wealth from thier father and grand fathers. But I know Sri Anil Agarwal who started almost from Zero and his father or grand father were not rich and education wise he is simply matriculate but he is a real enterprenuer that is why his name is in this list. Really I salute such persons.
RE:RE:Ratan Tata !!
by sumej c on Mar 12, 2007 02:30 AM
what about the rest 99% then? How can he be the chairman of Tata with only 1% share? Are you sure with what you said?
This list means really nothing in fact its misleading to say the least. The wealth has been calculated based on the marketcap of their companies. You & I and some poor indians buy few 100 shares of Reliance ( for our little wealth creation and retirement fund) and reliance stock price goes up, Mr. ambani holds a few hundred crores of those shares so his wealth goes up by a few hundred crores. What kind of wealth is that? Virtual, zero value added wealth! Add to it the manipulations done in Indian stock exchanges by these big companies-their wealth or a calculation by market cap basis actually means nothing.
RE:Market Cap Based wealth are no wealth
by hrishikesh jahagirdar on Mar 10, 2007 10:30 PM
exactly, but if you want to sell your 100 shares and ambani wants to sell his "five hundred crore" shares, who would make the largest money :-))
RE:RE:Market Cap Based wealth are no wealth
by ashok singh on Mar 12, 2007 09:39 AM
When Mr. Ambani sells his 500 crre shares, the prices of the shares will fall down drastically and will not be what is listed today. Hence to equate his wealth with the current price of shares is a fallacy.If he sells 500 crore shars or even 50 crore sgares, he will be lucky to get even 25% of the current listed value.
RE:RE:Market Cap Based wealth are no wealth
by sanjay karkhanis on Mar 10, 2007 10:35 PM
common folks this cant bea true list Where is the Hyderabad ka Ghodewala Mr> hassan Ali and wher is Mr. Telgi and where the th richie rich Indian Politicians...
Please note that Mr PNC Menon, ranked 754 is also an Indian. He is first Keralite ranked in the list of Forbs Magazine. His business is based in India and Oman.
