Tag: Indian Billionaire

  • India mourns death of billionaire Ratan Tata

    India mourns death of billionaire Ratan Tata

    Crowds of mourners gathered in India’s financial capital, Mumbai, on Thursday for the funeral of industrialist Ratan Tata, hailed as a “titan” who led one of the country’s biggest conglomerates.

    Tata, who died at the age of 86 on Wednesday, transformed the Tata Group into a sprawling international enterprise with a portfolio ranging from software to sports cars.

    His coffin, draped in an Indian flag, was flanked by a guard of honour, with a marching band of trumpets and drums accompanying the procession.

    Mumbai has declared a day of mourning, with the funeral rites to take place on Thursday afternoon.

    “A titan of Indian industry”, The Hindu newspaper called him on its front page. “India loses its crown jewel”, the Hindustan Times wrote.

    Tributes also poured in from fellow industrialists, with Asia’s richest man, Mukesh Ambani, saying it was a “big loss, not just to the Tata group, but to every Indian”.

    Who was Ratan Tata?

    Tata was born in Mumbai in 1937 into a family of Parsis — a proud but dwindling community which played an outsized role in the city’s business affairs under British rule.

    He had intended to chart his own course in life as an architect after graduating from Cornell University in New York.

    But an appeal from his grandmother saw him return to India in 1962 and join the sprawling family business, beginning work as a factory floor labourer and sleeping in a hostel for trainees.

    He took over the family empire in 1991, riding the wave of the radical free-market reforms India had just unleashed that year.

    Tata’s 21 years at its helm saw the salt-to-steel conglomerate expand its global footprint.

    His 2008 decision to purchase Britain’s loss-making Jaguar and Land Rover carmakers for $2.3 billion burnished his reputation when Tata Group was able to restructure both brands and return them to profit the following year.

    The Tata Group said his philanthropy work “touched the lives of millions.”

    “From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come,” the company added.

    Indian Prime Minister Narendra Modi called Tata “a visionary business leader, a compassionate soul and an extraordinary human being.”

    Modi praised Tata for providing “stable leadership to one of India’s oldest and most prestigious business houses”.

    People from all walks of life appreciate him for his service towards the country.

    In one of his last social media post he addressed the concerns regarding health that was posted two days ago.

  • Want skin like Nita Ambani? Drink this water

    Want skin like Nita Ambani? Drink this water

    Indian billionaire Mukesh Ambani’s wife Nita Ambani drinks water worth 49 lakh Indian rupees (60 thousand dollars). This is the costliest water bottle in the world, much to the affinity of the richest man of Asia.

    Nita Ambani drinks Acqua di Cristallo Tributo a Modigliani, as per Indian media.

    Why is this water so expensive?

    This is a customised water bottle which is designed by a popular designer Fernando Altamirano. The water is obtained from three natural sources, for example, one part of the water is provided by a spring in France, another part is provided by a spring in Fiji, and the third part is provided by the cold glaciers of Iceland.

    24 karat gold is used to make a 750 ml water bottle while five grams of gold is added in the preparation of the water.

    Indian media states that the water is also the secret of 60-year-old Nita Ambani’s flawless and glowing skin.

    In an auction, this water has been sold for 60 thousand dollars or about 49 lakh Indian rupees.

    Acqua di Cristallo Tributo a Modigliani is also included in the Guinness World Records as the most expensive water in the world.

    Nita is famous for her luxurious lifestyle as there are other items of her use which are known to be extremely expensive. For instance, a tea set she uses is from Japan’s oldest crockery brand, costinhlg around 1.5 Crore Indian rupees.