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Entries from March 2007

Bank of Patel

March 27th, 2007 · 2 Comments

Some people go to a bank, others have the private bankers come to them, but the Indian Civil Aviation Minister Praful Patel (whose daughter was recently married) has taken it one step further by living in the same building as the banks, enter - Ceejay House. Ceejay House is located on Dr. Annie Besant Road [...]

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Tags: Business · India

The Indian KKK

March 22nd, 2007 · No Comments

No, i’m not talking about the Ku Klux Klan (aka jackasses) but Kothari, Kotak and Kampani. Over the past 18 months they each have sold their joint venture stakes.
- Dec 2005, Hemendra Kothari sold out to Merrill Lynch for USD 500 million
- March 2006, Uday Kotak sold out to Goldman Sachs for USD 74 [...]

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Tags: Business · India · Marwari

Acura NSX in Bombay

March 18th, 2007 · No Comments

Just saw my first Acura NSX in Bombay and it almost brought a tear to my eye.

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Tags: Cars

The Trouble with India

March 14th, 2007 · 1 Comment

The latest cover story of BusinessWeek sums up the attitude that many people face when conducting business in India. Although the story didn’t cover much on Bombay, it faces the same issues as Bangalore and other cities. Which sadly it should not, being the financial hub of the country it generates over 40% [...]

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Tags: Business · India

Forbes Billionaires

March 11th, 2007 · No Comments

The latest list from Forbes is out and there are a large number of Indians on the list this year. Many can be attributed to sky high equity valuations and insane property prices. Some of them are:
#62 - KP Singh of DLF. USD 10 billion. A major property developer in Delhi, [...]

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Tags: Business · India

Cars around Bombay

March 10th, 2007 · No Comments

Finally getting around to posting some car pics. The SL500 and 7 series were spotted on Carmichael Road. The Range Rover near Nariman Point and the Bentley on Warden Road. The 540 ain’t nothing special except the fact it is owned by the world’s 86th richest person, also spotted on Carmichael Road.
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Tags: Cars

Calorie Care: The new tiffin service

March 9th, 2007 · No Comments

One of the main attractions for me about being in India, is seeing age old businesses being recharged and revamped. One which I recently came across is the age old tiffin service. Typically you would have someone cook your lunch and then you would give it to a tiffinwala, who would then deliver [...]

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Tags: Business · India

Indian Inflation

March 9th, 2007 · No Comments

The talk over the past several weeks has been about inflation in India and how it affects the common man. The reality is the common man always gets the short end of the stick in India, however in recent elections the ruling party lost key seats because of inflation. Because of that, all [...]

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Tags: Business · India

HSBC retreats from the US

March 5th, 2007 · No Comments

In 2002-3, HSBC was looking to expand outside of the emerging markets where it was gaining market share and wanted to go after the US market. They jumped right in by acquiring Household International Inc. in 2003 for USD 15.5 billion, now called HSBC Finance Corp., it lent money to people who were termed [...]

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Tags: Business