A.R. Rahman's Journey to the Oscars - International Indian

BUZZ WORDth16ANNI V ERSARYJET AIRWAYS CHAIRMANNARESH GOYAL HONOUREDAT THE PRESTIGIOUSCNBC TV18 INDIA BUSINESSLEADER AWARDSMr.Naresh Goyal, chairman, Jet AirwwaysCELLUCOM INDIA RETAILPRIVATE LTD PARTNERSWITH SPICE GROUPLeading mobility retailer joinshands with Spice Group in India.Cellucom India Retail Private Ltd,associate company to Dubai basedmobile retail chain Cellucomcompleted a new J.V. Agreement inIndia with Spice Group. Led by Dr.B.K. Modi, Spice Group has substantial interestsin the telecom and I.T. sector in India and hasacquired a 100 percent stake in Cellucom India,the master franchisee of Dubai-based mobileretail chain in an all stock deal.Expressing his delight on the joint ventureagreement Mr. Arun Nagar, Founder, CEO &MD Cellucom said, “The mobile and technologyJet Airways Chairman Naresh Goyal was honouredat the fourth edition of the prestigious CNBCTV18 India Business Leader Awards, in the‘Taking India Abroad’ award category, at the TajLands End, Mumbai on January 22, 2009.The award was given away by Shri Narendra Modi,Honourable Chief Minister of Gujarat, in the presenceof an august gathering of industrialists, bankers andother eminent personalities, including Shri AshokChavan, Honourable Chief Minister of Maharashtra andShri Kamal Nath, Honourable Minister for Commerceand Industry, among others.According to Mr. Goyal, “At Jet Airways, we haveendeavoured to create a truly international brand, yet onethat retains its intrinsic Indian core. With the airline’scommitment to excellence in every sphere of its operations,Jet Airways has attempted to redefine international travel,and keep India’s flag flying high around the world. Idedicate this award to the Jet Airways family around theworld, and to our customers, for choosing to fly withIndia’s premier international airline.”Mr.Arun Nagar,CEO & MD, Cellucomproduct retail business in India is growing at a fastpace and holds tremendous potential. The mergerbetween Cellucom India Retail Pvt Ltd and SpiceGroup is a significant development for CellucomIndia. The company would benefit from SpiceGroup’s substantial presence in the field of telecom,their professional expertise in managing largebusinesses through strategic initiatives and theextraordinary vision of its Founder and ChairmanDr. B.K. Modi.”The consumer electronics and technologymarket is demonstrating resilience, witha positive growth forecast that retail saleswill reach about US$40 billion in 2009, astudy reveals.Market researchers with the GfK Group saythat retail sales of liquid crystal display (LCD) andplasma televisions have contributed significantlyto the growth of the digital consumer technologysector. The LCD television market is valued atUS$4 billion and the group’s monitor for the MiddleEast’s domestic appliances market anticipatesfurther growth in the region, particularly in theUAE, Saudi Arabia and Iran.Resilient Indian EconomyOffers NRIs Better InvestmentOpportunities Than Ever, saysnew CEO of UTI InternationalThe resilient Indian economy is poised tobounce back sooner than later, drivenby declining prices of oil and othercommodities and falling interest rates,according to Mr. Tarun Ghulati, the newlyappointed Chief Executive Officer of UTI InternationalLimited, whose responsibilities include the Gulf.“All current indicators point to an early recovery.This is, therefore, an opportune time for NRIsto explore investments in Indian Equity & DebtMutual Funds that could yield attractive returnsin the short and long term,” said Mr. Ghulati, whoGrowth Forecast for ConsumerElectronics Market in 2009relaunchesGRUNDIG productsDemonstrating a shared confidence in themarket, high-end appliance retailer Better Lifehas launched a range of television and nontelevisionproducts from innovative Germandesigners Grundig.“Innovation is what keeps driving the consumerelectronics market forward, and Grundig has alwaysbeen at the forefront of this movement. It was thefirst company to develop the 100 hz techonolgyfor television and continues to innovate. The latestrange features superior imaging with forwardtechnology pictures and Grundig’s legendarysound,” commented Ajai Kumar Dayal, GeneralManager Retail and Marketing, Easa Saleh Al Gurg.will be spearheading UTI’sglobal business throughcountry offices in London,Dubai and Bahrain.“We expect the fallingprices of oil and othercommodities will help IndianIndustries to reduce theiroverall cost of production, andthe lower interest rates willfuel the growth in the hugeconsuming economy. The Indianeconomy is projected to growth atMr. Tarun GhulatiCEO of UTI Int Ltd.around 7%, despite the global financial crisis, a barometerof the strong fundamentals of the Indian economy.”“We will take UTI’s exceptional fund managementcapability and bespoke portfolio management solutionsto new markets globally and launch new products/fundsfor our diverse investor base,” added Ghulati.90The International IndianThe International Indian91