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Ambani among '50 powerful Asians'

Eminent industrialist Dhirubhai H Ambani, chairman of Reliance Industries Limited, has been listed among 'Asia's 50 most powerful people' for 1998.

According to the Asia Week magazine, he is the only Indian industrialist to figure in this list.

Despite an economic downturn, his group has consolidated its status as the best profit earner in India, and with three million shareholders has done much to sustain the Bombay stock market , says the magazine explaining Ambani's inclusion in the list.

Dhirubhai Ambani is one of the 12 tycoons to feature in the 1998 list. The other major businessmen in the 'Power 50' list include the co-chief executive of Sony Corp, the president of Toyota Motor Corporation, the chairman of the Samsung group and the chairman of the Daewoo group (both from South Korea).

UNI