Archive for 11/06/2013


The Indus Pride Strange Brew experience gives you The Raghu Dixit Project live at CounterCulture, Bangalore. (http://bit.ly/103gYtJ)

In the battle of the senses there is no clear winner.
The sum of all senses is greater than its parts.
Indus Pride, looks to deliver this unique sensory
influence through its bespoke proposition

“The Strange Brew Experience”.

An evening curated by the leading lights and pioneers
of uniquely Indian contemporary sounds.

An experience where everything from the decor, the food,
the music and the drink is curated to blend a sensory brew that will
stimulate the new age experimental.

 

more information log in :http://wwwadithyashares.blogspot.in/

Image

Everyone enjoys the voyeuristic thrill of Forbes’ annual listing of the world’s billionaires, but as an emerging market investor I use the list as a tool to spot what I call Breakout Nations—economies poised to beat expectations, and rivals, over the next five to 10 years. Analysing the list can provide a quick read on an emerging economy. If the billionaire class controls fortunes that are outsize, compared with the size of the economy and its level of development, it’s a sign that an economy is out of balance. And if the same few names appear on the list year after year, with no new blood, it’s a sign of stagnation.

The emergence of billionaires is a good sign—if they are emerging in productive fields such as technology or manufacturing. In the 2000s, however, the world saw the rise of many billionaires who rely on government connections to build monopolies in sectors such as oil, real estate and mining—industries that traditionally contribute much less to sustainable growth because they are volatile and often prone to corruption. This type of billionaire is a bad sign.

Applying this analysis to the 2013 list yields some surprising results. For all the buzz about corruption and inequality in China, its billionaires control wealth equal to just 3.2 percent of its gross domestic product (GDP)—making this the least-bloated billionaire class among the big emerging markets. The average fortune of the top 10 Chinese billionaires is now $6.8 billion, still modest in an economy that was the single largest contributor to global GDP growth over the past decade. China also shows a healthy turnover among those top 10, with nine newcomers on the 2013 list compared with 2007. The country’s richest person, Wahaha Chairman Zong Qinghou, shot to the top this year, thanks to his fast-growing beverage business. Yet, his net worth of $11.6 billion is still smaller than the fortunes of leading tycoons in much smaller economies, including Malaysia and the Philippines.

These results may not be entirely coincidental—several men previously on the billionaires’ list have landed in jail. This suggests that the state may be stepping in to quash excessive and misbegotten fortunes, a policy akin to killing a few chickens to scare the monkeys. But they do imply that Beijing is working more effectively to foster competition and contain wealth—at least that of the ultrarich— than recent headlines indicate.

The general rule is that if the total net worth of the billionaire class surpasses 10 percent of GDP—the rough average for emerging markets—there could be a popular backlash. The Philippines, Malaysia, Taiwan and Thailand are now all above the 10 percent threshold, and India is on the edge, with billionaire wealth equal to 9.9 percent of GDP.

India is the most surprising billionaire story in Asia because in the global imagination it’s still closely associated with the Mumbai tech tycoons and the rising middle class of IT workers.

In the past decade, however, more and more of its largest fortunes were built by businessmen who cut political deals to corner provincial markets. India’s incomplete reform agenda has left it near the bottom, at No. 166, of the World Bank’s rankings of 183 countries for ease of starting a business. These obstacles to doing business are chasing big companies overseas and preventing small outfits from challenging well-connected tycoons.

Read more: http://forbesindia.com/article/special/what-the-billionaires-list-tells-us-about-emerging-economies/34959/1#ixzz2VbGpcPP6

INSIGHT

\Mukesh Ambani and Lakshmi Mittal’s fortunes have peaked and troughed since 2009, remaining about even Azim Premji, Dilip Shanghvi and Shashi & Ravi Ruia however, have seen stellar growth of 30-40% in the last five years Azim Premji saw the single biggest jump in the top 5 in 2009/10, almost tripling his wealth. However, he’s had 30% wiped off since last year Dilip Shanghvi is the year’s big gainer, increasing his wealth by $2 billion or 27%

Read more: http://forbesindia.com/article/special/forbes-billionaires-2013-where-india-inc-stands/34947/1#ixzz2VbIILMWt

Dubai authorities announced this week that a new integrated facility, Dubai Design District, will be created adjacent to the Business Bay area of Dubai, dedicated to developing the Emirate’s fashion, design and luxury sectors. The district is expected to become a full service commercial hub for design industry-related organisations, brands, and supporting enterprises within the value chain, a statement by Dubai Government said.
The Dubai Design District will feature a custom built creative community that will encompass purpose built commercial and retail facilities for established and emerging designers, design institutes, waterfront promenade, convention centre and event venues and related academic institutions.
Dubai Design District will be a vital part of the strategic Tourism Vision 2020 vision and it will provide an additional key element in Dubai’s bid to host Expo 2020.
http://wwwadithyashares.blogspot.in/2013/06/dubai-design-district-to-boost-luxury.html

The home collection and interior design division of Italian luxury house of Missoni made its debut last week, in the U.S. with the first MISSONI HOME store opening in the upscale resort town of Southampton, NY. The Missoni Home store features the full range home collection products, including rugs, lamps, bed linen, garden and beach furnishings. Upcoming Missoni Home store openings in the U.S.are planned for Los Angeles and Miami.

British based high jeweller and watchmaker Graff Diamonds has recently opened in Shenyang, North East China, its eleventh store in Asia . The new Graff Diamonds boutique in Shenyang which is situated within the Jolie Department Store has been designed based on the concept by interior architect Peter Marino. Graff Diamonds is set to pursue retail expansion this year,

In 2011, Hermes launches its international travelling exhibition ‘Festival des Metiers’ showcasing the craftsmanship behind each of its products. Specialized artisans demonstrated live, the manufacturing of products, in all stages. In 2012, LVMH launched its Journées Particulières program, opening up the manufacturing ateliers of all its brands, inviting the general public to observe the craftsmen at work. Gucci has been setting up pop up Ateliers at its stores and department stores since 2011.
These events provide a unique insight into the complex manufacturing behind an haute couture dress, a handbag or a necklace, highlighting that different crafts are sometimes involved in the creation of one product. Most importantly, during Journées Particulières LVMH companies such as Berluti or Chaumet emphasize the importance of apprenticeships, which are critical for the formation of an artisan, beyond extensive teachings in specialized schools.
It is all about the long hours, the strive for perfection, the attention to details and the unique sense of humility which are essential for achieving the highest quality products.
This year, Journées Particulières by LVMH companies take place June 15 and 16, participating companies Dior, Loewe, Louis Vuitton etc.

Big Snake

Big Snake

This August, Four Seasons Maldives Surfing Champions Trophy is returning for its third successive year, pitching six ex-world champions in a USD 25,000 showdown that has fast gained a reputation as the world’s most luxurious surfing event. (short video from the 2012 edition)
This year’s competition will see the hotly anticipated return of Australian surfing legend and two-time world champion, Damien “Dooma” Hardman (Narrabeen, New South Wales, Australia), to defend his title in the unique contest that pits world legends across three divisions of surfboard: retro single-fins, twin-fins and contemporary triple-fin thrusters.
Both the Surfing Champions and Domestic Champions contests are hosted aboard the luxury Four Seasons Explorer – the Maldives’ ultimate surf vessel. And with all competitors, judges and spectators staying on the 96-bungalow private island resort of Four Seasons Resort Maldives at Kuda Huraa, the camaraderie on the water spills onto the beach each night around cocktails and dinner.
This year, groups of surfers wishing to travel to Four Seasons Maldives at Kuda Huraa to experience the competition can