CALCUTTA -THE CITY THAT REFUSES TO DIE
Nowhere else in India do people engulf you as they do in Calcutta. From the moment you step off your train or plane, and begin…
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BankAmerica committed to India wholesale banking
10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…
FOCUS-At least nine dead in severe India quake
29 March 1999 07:16 Reuters News English (c) 1999 Reuters Limited NEW DELHI, March 29 (Reuters) – At least nine people died in two north…
CALCUTTA’S INDIANS TAKE ELECTIONS IN STRIDE
21 November 1989 Reuters News English (c) 1989 Reuters Limited Calcutta, Nov 21, Reuters – The six Bengalis splashing around a fire hydrant inches from…
INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors…
INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…
RBI will not allow rupee volatility – Chidambaram.
29 August 1997 14:33 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s…
CALCUTTA IS FOEVER
Thirty years ago, a dishevelled man leaned across and shouted at me in the smoke-filled, raucous Olympia bar on Calcutta’s Park Street: “Calcutta is forever!”…
Breakout Companies
Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…
Cheat Funds
Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…
Watch Your Step
Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…
Are Indian CEOs Overpaid?
The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…
Deal Chahta Hai
A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…
Prem Ji Is Back
By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…
New Business Families
“If a thousand suns were to rise in the heavens at the same time, the blaze of their light would resemble a little the supreme…
Buy Me, Buy Me Not
Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…
Going Nowhere
I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…
RESERVE BANK-MONEY TO BURN
Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…
FAITH, HOPE AND NO CHARITY
The International Year of Disabled Persons (IYDP) began with a bang: the National Federation of the Blind led its members in a vociferous agitation in…
SHARING LOSSES
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…
TOILET -TRAINING INDIA
On September 25, the day Prime Minister Narendra Modi received the Gates Foundation’s Global Goalkeepers Award in New York for his leadership of the Swachh…
BANK THE RESERVE
The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) in dependent. Its official capital is a paltry…
A FIRST-RATE PROBLEM
India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…
KILLING ME SOFTLY
He took a deep breath of air. Once again he caught a strangeness on the wind, neither pleasant nor unpleasant, neither odour nor perfume—just strange,…
KEEP THE BALLAST
Narender Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…
APOCALYPSE NOW
Kanpur, Faridabad, Varanashi, Gaya, Patna, Delhi, Lucknow, Agra, Muzaffarpur. Nine of the world’s ten most polluted cities listed by the World Health Organization are in…
SUFFER THE CHILDREN
The other day, I watched this video of four-year-old Jackson Drew reciting Shakespeare’s Sonnet 18 (Shall I compare thee to a summer’s day?) and marvelled…
Jaat Kahan Ho
It is Useful to remind ourselves about how infinitesimal we are in the cosmic order. As we methodically destroy our planet, it is unlikely we…
Waterless World
Time was when ‘Glacial Speed’ used to mean ‘very, very slowly’. That has changed forever. We know that our planet is warming. New research shows…
THE AIR IS THICK
The Good news is that both the Bharatiya Janata Partyand Congress seem to have finally woken upto the looming catastrophe of air pollution in our…