The wife of India’s richest man, Nita Ambani has set herself apart as a passionate philanthropist, leading the development of a model township, an elite school, and a Premier League cricket team. Still, Mumbai can’t stop talking about the 27-story, 570-foot-tall, 400,000-square-foot mansion that her family moved into two months ago. Click through to peek into the luxurious life of the Ambani family. For James Reginato’s profile, read the June 2012 issue of Vanity Fair. Continue reading →

By Alistair Barr Tue May 22, 2012 1:19am EDT (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast.They say it may have contributed to the weak performance of Facebook shares, which sank on Monday - their second day of trading - to end 10 percent below the IPO price. The $38 per share IPO price valued Facebook at $104 ... Continue reading →

"How do you manage it all?" Being a mom with a career means hearing that question constantly. In honor of Mother's Day, TheLadders conducted a survey to find out how working moms feel about their work-life balance. Continue reading →

By Jeremy Wagstaff, Asia Chief Technology Correspondent Thu May 3, 2012 2:15pm IST REUTERS - Samsung Electronics (005930.KS) is the world's largest smartphone manufacturer and biggest user of Google's (GOOG.O) Android operating system. And, for some, that's the problem.Samsung's meteoric rise - in the first quarter of 2011 it shipped fewer smartphones than Apple (AAPL.O), Nokia (NOK1V.HE) or Research in Motion (RIM.TO), but is now market leader - has handed it a dilemma. Does it risk becoming a commodity manufacturer of hardware, squeezed like the PC makers of old between narrowing margins and those who control the software that makes their devices run, or does it try to break into other parts of the business - the so-called mobile ecosystem?"It comes down to this sense ... Continue reading →

By Samuel Shen and Kazunori Takada SHANGHAI | Tue Apr 24, 2012 2:09am EDT SHANGHAI (Reuters) - China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers - and even companies rumored to be suppliers. Investors have flocked to the only two China-listed firms that Apple has confirmed as suppliers, sending their valuations to lofty levels, while speculation has become rife in firms thought to be indirectly doing business with the technology giant.Suzhou Anjie Technology Co Ltd has jumped more than 30 percent and Warren Buffett-backed carmaker BYD Co Ltd has gained more than 15 percent since mid-January, when they were cited ... Continue reading →

@ramyavenugopal in Twitter #FollowFriday Ranking Name: Ramya Venugopal Since: 2 years ago Location: Singapore Bio: Reuters journo editing Asia econ & mkts news. Bollywood junkie. Android flag-bearer, mom of 2. Opinions are mine, not RTRS and RTs mean I like not agree. Web: New followers from #followfriday 0 Reviews * Be the first to review @ramyavenugopal! Continue reading →

sans serif records with deep regret the passing away of Ethiraj Raghavan, an Indian Express stringer who rose to be Editor of the largest selling Kannada daily newspaper, Vijaya Karnataka, in Bangalore on Saturday. He was 61 years old, and is survived his wife Kumuda and their daughter Swathi. After stints with the Express in Mysore, Bangalore and New Delhi, E. Raghavan, as his byline went, joined the newly launched The Times in Bangalore in 1984. That newspaper launched with a truncated title to circumvent labour laws in pre-liberalised India later became The Times of India. He later came its resident editor. In the mid 1990s, he shifted next door to be resident editor of The Economic Times, Bangalore, and eventually for all the southern ... Continue reading →