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Virgin team picked to bail out Northern Rock A consortium led by Richard Branson's Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay 11 billion pounds ($22.6 billion) quickly to the Bank of England. 26 Nov 2007
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Flowers, Virgin front-runners in Northern Rock buy Richard Branson's Virgin Group and U.S. buyout firm J.C. Flowers are the two front-runners to buy ailing British bank Northern Rock, people familiar with situation said on Sunday, but shareholders are unlikely to get much from either. 26 Nov 2007
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India unwelcoming to investors, says Virgin's Branson Richard Branson, British billionaire and chairman of the Virgin Group, criticised India on Monday for not making foreign business welcome, saying it was one of the world's most closely protected countries. 20 Nov 2007
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Marks & Spencer to set up JV in India Britain's biggest clothing retailer, Marks & Spencer Group Plc., is planning to set up a joint venture in India. 20 Nov 2007
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Steel king Lakshmi Mittal beats Ambani brothers to retain richest Indian crown Steel tycoon Lakshmi N. Mittal, owner of the world’s largest steel group, ArcelorMittal, has topped the Indian rich list for the fourth year in a row, beating the Reliance brothers - Mukesh and Anil Ambani - with a wealth of $51 billion, popular business and lifestyle magazine Forbes said. 17 Nov 2007
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Virgin Atlantic 747 to test biofuel in early 2008 British billionaire Richard Branson said on Monday his Virgin Group hopes to produce clean biofuels by around the start of the next decade and early next year will test a jet plane on renewable fuel. 17 Oct 2007
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Morgan Stanley to foray into wealth management business in India Leading global investment bank Morgan Stanley plans to launch private wealth management services in India next year, its first onshore wealth business in Asia, and expects to hire around 100 private bankers, an executive said on Monday. 09 Oct 2007
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Four Indians in Forbes' list of richest Americans Four Indian-Americans - acoustics pioneer Amar Bose, Google founder director Kavitark Shriram, Silicon Valley venture capitalist Vinod Khosla and CEO of an infotech outsourcing firm, Bharat Desai - have made it to the Forbes' list of richest Americans. 04 Oct 2007
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Sensex surge helps Mukesh Ambani climb world's rich-list ladder The phenomenal surge in the Bombay Stock Exchange (BSE) benchmark 30-share sensitivity index, the Sensex, over the last fortnight has helped Reliance Industries' (RIL) chairman Mukesh Ambani climb up the ladder of the world rich-list by leaps and bounds, and, if market reports are to be believed, the RIL chief is now next only to software king Bill Gates of the US, Mexican business baron Carlos Slim Helu and Warren Buffett, who is revered as the world's greatest investor. 27 Sep 2007
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Rich hit as cost of lavish living soars Prices for luxury goods rose twice as quickly as consumer prices this year, a study found, showing the jet set need even more to fund their lavish lifestyle. 25 Sep 2007
