No entry for Silvio

Shareholders at annual general meetings often offer promoters weird or pointless advice but a stricture to Ratan Tata at the Indian Hotels meet last week surpassed most. The shareholder concerned appeared to think the company was opening massage parlours as a natural extension of its business and he strongly advised Tata not to entertain such clients as the Italian Prime Minister Silvio Berlusconi. Tata merely smiled and did not offer an answer.