The law of nature has been brutal with our billionaires ?the bigger they were, the larger has been their loss of wealth. Mukesh Ambani lost 58 per cent of his wealth...

The Moravekars are taking the Mumbai-based Panoramic Universal Group into the big league...

Panoramic Universal Limited (PUL) plans to bring its four star brand, United-21, into the Indian market. The company, which manages two properties under this brand in the United States, will launch the first United-21 hotel in Thane, Maharashtra by end March 2009. It will also develop the brand in Hyderabad, Jaipur and Durgapur...

"We plan to raise Rs. 50 crore and are in talks with private equity players and institutional investors. The deal should be sealed soon," Panoramic Universal's Senior Vice President(Finance & Operations) Utpal Parekh told PTI here...

How does one measure wealth creation or shareholder value? Management consultants like to complicate this issue and the media often falls for it...