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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INTERVIEW-PRIME MINISTER MORARJI DESAI
‘Is Drinking A Ritual “? Then I Think ‘It Is Better to Close Our Diplomatic Missions!’ The appointment is at I pm at the Prime…
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!”…
LOW PAY, POOR CONDITIONS FUEL UNREST IN PHILIPPINE MILITARY
4 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 4, Reuter – Low pay and poor working conditions have fuelled unrest in…
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…
ANTI-STRIKE FORCE PLANNED, LABOUR MINISTER SAYS
14 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 14, Reuter – The Philippine government is considering setting up a special police…
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…
India’s Skilling Field
“Then we had to find the rule and the string again, and a new hole was made; and, about midnight, the picture would be up…
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…
Mayday- AT THE HINDUSTAN TIMES
Senior Editor of this newspaper were about to sit down for their evening news-planning meeting when the smoke alarms started jangling. Within moments the first…
STC-Anatomy of A strike
Inscrutable are the ways of public-sector trade unions. The Federation of the State Trading Corporation Employees’ Unions (FSTCEU) lived up to this image when it…
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…
MADHYA PRADESH-MAKING OF A MARTYR
While it lasted, last fortnight’s nine-hour hostage hold-up in Congress(l) Member of Parliament Dalbir Singh’s.Delhi apartment generated wild images of urban terrorism on the loose.…
LABOUR – MAKING A POINT
RARELY had an event invited such determined and concerted action by Union Government: When the 24-hour national strike called by the National Campaign Committee (NCC)…
THE WEAGES OF WRATH
ON January 18 the strike by 2.5 lakh textile workers in Bombay’s 60 mills will complete a year; 25,000 of these workers in eight mills…
Suppressing Dissent?
EVERY dissenter is in a minority of one, and K. Ashok Rao, 36, deputy manager in Bharat Heavy Electricals Limited (BHEL), is discovering what it…
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…
Most Powerful Women in Business
“In India, I See a Lot More Acceptance of Gender in the Workplace” Do you think the India-us CEO Forum you are a member of…
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,…
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…
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…
Hell For Leather
Hell for leather means to run very fast, but the leather industry in and around Kanpur has nowhere to run. Hundreds of tanneries and manufacturing…