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Last seen on: NY Times Crossword 19 May 19, Sunday
Random information on the term “Family business”:
Aditya Birla Group is an Indian multinational conglomerate, headquartered in Worli, Mumbai, India. It operates in 35 countries with more than 120,000 employees worldwide. The group was founded by Seth Shiv Narayan Birla in 1857. The group has interests in viscose staple fibre, metals, cement (largest in India), viscose filament yarn, branded apparel, carbonblack, chemicals, fertilisers, insulators, financial services, telecom, BPO and IT services.
The group had a revenue of approximately US$44.3 billion in year 2018. It is the third-largest Indian private sector conglomerate behind Tata Group with revenue of just over US$100 billion and RIL with revenue of US$74 billion.
The Group’s non-ferrous metals’ business is under Hindalco Industries. Its manufacturing locations are primarily in India and it owns mines in Great Sandy Desert, Australia near Nifty Airport called Birla Nifty Copper Operation (Nifty Copper Mine). On 11 February 2007, the company entered into an agreement to acquire the Canadian company Novelis for US$6 billion, making the combined entity the world’s largest rolled-aluminium producer. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. The Group plans to close a part of its aluminium foil making mill in UK and shift that to its plant near Nagpur.
Random information on the term “MAFIA”:
The American Mafia (commonly referred to as the Mafia or the Mob, though “the Mob” can refer to other organized crime groups or organized crime in general) or Italian-American Mafia is a highly organized Italian-American criminal society. The organization is often referred to by members as Cosa Nostra (Italian pronunciation: [ˈkɔsa ˈnɔstra], our thing) and by the government as La Cosa Nostra (LCN). The organization’s name is derived from the original Mafia or Cosa nostra, the Sicilian Mafia, and it originally emerged as an offshoot of the Sicilian Mafia; however, the organization eventually encompassed or absorbed other Italian-American gangsters and Italian-American crime groups (such as the American Camorra) living in the United States and Canada that are not of Sicilian origin. It is often colloquially referred to as the Italian Mafia or Italian Mob, though these terms may also apply to the separate yet related Sicilian Mafia or other organized crime groups in Italy.