Narayana Murthy On Ratan Tata


wealthymatters,comWhat are your fondest memories from your interaction with Tata?

” When we inaugurated our management council room, which I believe is the most advanced council room with perhaps the finest technology in Asia, I had a discussion with my colleagues and we decided to name it after Jamsetji Tata. Jamsetji Tata, as you know, was an extraordinary businessman. He donated one-third of his wealth to start the Indian Institute of Science.

So, when we decided to name the management council room, I decided to invite Ratan to inaugurate that. He was a little bit surprised that we were naming our number one conference room after Jamsetji Tata. I told him, ‘Jamsetji is a beacon and an example on how businesses should be conducted.’ He came and inaugurated it, he had lunch with us, interacted with youngsters. And every one of my colleagues was so impressed with his grace, courtesy and humility.”

The Stats On New Year Resolutions


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Wanton Consumption Explained


wealthymatters If you think that wearing gold shirts and nail polish that costs tens of thousands of dollars is the height of wanton consumption there is more:

A Louis Vuitton handbag costs upwards of 50,000 Rupees in India.Did you know that the beauty care entrepreneur Shahnaz Husain always buys two identical LV bags?Now,why is that so?If you imagine its because she wants to make certain she never runs out of a favourite accessory,you couldn’t be further from the truth.

Shahnaz loves to match her bags with her clothes.So one brand new LV bag is always cut into pieces to embellish her clothes .She has the pieces used as patches on the sleeves and collars of her clothes. Apparently her wardrobe is crafted at her bungalow in South Delhi.She personally designs her clothes and has them stitched by an in-house tailor.  Read more of this post

Top End Holiday Gifts


If Datta Phuge’s holiday purchase seems extravagant.Here are this holiday seasons top end luxury offerings.Perhaps under all that small town flamboyance Phuge has managed better value from his purchases?

New Year Luxe

Datta Phuge Dons His Bespoke Gold Shirt


Datta PhugeDatta Phuge calls himself “the gold man” and to live up to this self-image, he ordered himself a shirt made of gold to ring in the new year. He is a chit fund businessman from Pimpri,near Pune . His wife – Seema Phuge is an NCP corporator,

As he took the delivery of his custom-made 3.25 kg 22 karat gold shirt last Thursday he had jewellery weighing 5 kg loaded around his neck and wrists as accessories.

His next, but by far more modest, aspiration in the making, is a gold covered mobile phone.

About 15 goldsmiths laboured over 15 days, working 18 hours a day, to make 14,000 gold flower rings, interwoven with one lakh spangles, which were assembled on a fabric base of imported white velvet. The shirt has six Swarovski buttons and a gold belt to complete the look.

“After extensive research on the design and the look of the piece, I decided to give it an armour-like appearance,” says Tejpal Ranka who designed this opulent apparel.

Phuge, clearly a lover of bling, owns about 10 gold chains (including three chains of 70 tolas or 700 grams each), six bracelets and 25 rings, collectively weighing 10 kilograms.

But his most prized possessions are custom-made personal effects, which include a pen and a wristwatch made by the same jeweller. Now, the shell of a phone from Nokia’s gold series is being further gilded. It is likely to cost him another Rs 2.5 lakh. The phone is expected to be ready in a month’s time. “The body would be retained and the cover would be made in gold. This will be challenging as the elasticity of plastic cannot be matched by gold; so the skill set of the designer is put to a complete test,” says Ranka.  Read more of this post