London: Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain's Guardian newspaper reported on Friday.
The prince, a grandson of Saudi Arabia's founder and nephew of King Abdullah, had attacked the US magazine's ranking of world billionaires as flawed and biased against Middle Eastern businesses after he was ranked number 26 in this year's list.
An official at the High Court in London confirmed that Prince Alwaleed had filed a defamation suit against Forbes, its editor Randall Lane, and two of its journalists on April 30. Details of the claim were not immediately available.
Through his Kingdom Holding Company, Prince Alwaleed owns large stakes in Citigroup, News Corp and Apple Inc, among other companies. He is also owner or part-owner of luxury hotels including the Plaza in New York, the Savoy in London and the George V in Paris....
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08:21 AM, Jun 08, 2013
New York: US-headquartered IT services major Cognizant has been ranked at 12th place on a Forbes list of America's 25 fastest growing tech companies, which has been topped by business networking site LinkedIn. Social networking giant Facebook is ranked second, followed by global IT major Apple at the third place. NASDAQ-listed Cognizant, which recently pipped Infosys as the second-largest IT services firm in India, is the only company on the...
10:37 AM, Jun 07, 2013
New York: India skipper Mahendra Singh Dhoni, with earnings of USD 31.5 million, has been ranked at 16th place on Forbes' list of highest-paid athletes, which has been topped by golfer Tiger Woods. The magazine said 31-year-old Dhoni moved up 15 positions this year. In 2012, he was placed at 31st position. The influential business magazine estimated that Dhoni made USD 31.5 million over the last year from prize money...
08:57 AM, Jun 07, 2013
New York: Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had total earnings of $78 million over the past year - $65 million in endorsements and the remainder from appearance and prize money, Forbes said in its annual sporting survey (www.forbes.com/athletes). The American returned to the top of golf's rankings in March for the first time...
07:43 PM, Jun 06, 2013
Singapore: Four Indian business leaders - Kiran Mazumdar Shaw, PNC Menon, Vineet Nayar and Ronnie Screwvala - figure in this year's list of Asia-Pacific's most remarkable "givers". The annual list of 'Heroes of Philanthropy', compiled by Forbes Asia magazine, features a total of 48 persons from the the Asia-Pacific region, including countries like China, Singapore, Hong Kong and Indonesia. Listing Indian biotechnology major Biocon's founder and chief Kiran Mazumdar Shaw...
04:55 PM, May 30, 2013
New York: Gisele Bundchen has been named the most powerful model in the world by Forbes magazine. The 32-year-old Brazilian, who is the only model named in the magazine's latest 'World's Most Powerful Women' list, is at number 95 out of the 100 influential women, which includes entrepreneurs, politicians and philanthropists, reported Huffington Post. Bundchen made it to the list last year too. The supermodel's influence is also based on...
05:27 PM, May 23, 2013
New York: Congress President Sonia Gandhi and India-born PepsiCo chief Indra Nooyi figure among the top 10 in the global list of most powerful women compiled by Forbes magazine for 2013. Sonia Gandhi is ranked ninth while Nooyi is at the 10th place in the global list of world's 100 most powerful women. German Chancellor Angela Merkel tops the list for the third consecutive year, followed by Brazil's President Dilma...
04:08 PM, May 23, 2013
Winfrey has topped the category even after her popular TV show 'The Oprah Winfrey Show' ended two years ago. ...
08:02 PM, Mar 15, 2013
Liquor baron Vijay Mallya has been moved out of Forbes' global rich list of 1,226 billionaires, even as the number of Indians in this elite club has grown since last year. With a net worth of USD one billion, Mallya was ranked 45th among 48 Indians on this annual rich list in March 2012, while he was placed at 1,153rd position globally. ...
06:00 PM, Mar 05, 2013
Mukesh Ambani retained the top spot among Indians on Forbes' annual list of the world's billionaires on Monday with an estimated worth of $21.5 billion. The head of Reliance Industries was placed 22nd on a list headed by Mexican tycoon Carlos Slim. ...
08:21 PM, Mar 04, 2013
Boeing invested an estimated $25 billion in developing the 787-introducing radical changes in materials and a component-sourcing strategy that was to bring efficiencies for the aircraft-maker and airlines. The grounding of the aircraft raises doubts about these decisions. ...
08:56 AM, Feb 16, 2013
"There is a fame epidemic," Simon Cowell, the boorish judge of television talent show competitions such as Britain's Got Talent and American Idol, once declared. You may be one of the celebrities featured in the Forbes India Celebrity 100 list and know firsthand how it feels to be famous. Perhaps a few of you would even caution us from coming down with fame, a recalcitrant bug that like zoster can...
06:58 PM, Feb 12, 2013
He ambled in trailing charm and cigarette smoke. An assistant placed a glass of whiskey in his hand. And we began to talk. Or rather, he did. ...
06:46 PM, Feb 12, 2013
Saat Rasta, known earlier as the Jacob Circle, is the vortex that joins five different areas of Mumbai. On that junction lies New Shirin Talkies, a non-descript theatre. Normally, the traffic on Saat Rasta roundabout is messy, but a week before Eid in 2010, at least three roads leading up to it were completely blocked. ...
12:59 PM, Feb 07, 2013
At the play-off hole of the 2012 Scottish Open, his position on the penultimate shot wasn't great and his fingers and wrists were hurting. His opponent Francesco Molinari, the Italian Ryder Cup star, who had led the European Tour event for the first three days, fluffed his putt. "Drive for show, putt for dough," they say. After the Who's Who of golf, including defending champ Luke Donald, Phil Mickelson and...
03:37 PM, Feb 06, 2013
In the last few months, two of Indian cinema's leading ladies got married. They're both talented, in great health, very attractive and at the peak of their careers. Will they fall prey to the accepted wisdom that marriage deals a death blow to the career of an Indian actress? ...
11:40 AM, Feb 06, 2013
There was a time in Tamil Nadu when these two songs would blare from every other tea shop loudspeaker, on All India Radio programmes (like Neyar Viruppam, or 'Audience Choice'), and on tape recorders in drawing rooms across the state. There were no similarities between the two, either in tune or in setting. One featured Rajinikanth, the undisputed superstar, and the other a five-year-old boy, the son of an ambitious...
12:15 PM, Feb 05, 2013
Sachin Tendulkar has been involved with Apnalaya, which works closely with children in Mumbai's slums. The Master Blaster sponsors the education of a number of kids and has auctioned his coaching to raise funds for the NGO. Besides, he has provided financial assistance to an archer of the army's Paraplegic Rehabilitation Centre and helped him represent India in the world championships in 2011. ...
12:40 PM, Feb 04, 2013
Forbes India Celebrity 100 No. 3: Watch any TV channel for an hour, at most, and you're sure to see at least a couple of suave cricketers in custom-made suits, hair styled, seasoned models with an attitude to match-nothing like their sweaty, muddy facades on the field-telling you why they prefer to ride a certain motorbike, drink a particular cola, brush their teeth with only that toothpaste, or use precisely...
12:07 PM, Feb 02, 2013
Javed Akhtar: He was hailed in creative circles for his efforts in getting the Copyright Act amended in May 2012. He also penned the lyrics for 'Ekk Deewana Tha'. But he doesn't feature in the Celebrity 100 because there was no specific category for lyricists. ...
06:15 PM, Feb 01, 2013
