Senior U.S. officials are quietly pressuring India to sign the nuclear deal that Prime Minister Manmohan Singh has put on the backburner because of domestic political compulsions. After all, at stake for the American companies like GE and Westinghouse are multi-billion dollar contracts. U.S. Treasury Secretary Henry Paulson, the Chief Spokesman for big American businesses, […]
In an unusual business quirk, home loans to illegal immigrants have been found to be solid even as subprime mortgages to legal U.S. residents are shaking the financial markets globally. Also known as ITIN mortgages because they are made to those with a Individual Taxpayer Identification Number, most of these mortgages are taken out by […]
Today’s New York Times features a puff piece on Indian entrepreneur Sunil Bharti Mittal tooting his horn about his recent deal with Wal-Mart to set up a wholesale distribution system. Amidst all his prattle about the cold chain, the trucking, storage etc, what caught our attention in the NYT story was Sunil Mittal’s juvenile boast […]
China will continue to remain the preferred investment destination for businesses – not India – over the next five years, according to a new report. China will continue to significantly outpace India in attracting foreign direct investment between now and 2011, according to the report from the Economist‘s Economist Intelligence Unit. FDI inflows into India are set […]
Vijay Mallya’s Kingfisher Airlines intends to offer web based e-mail and instant messaging services to passengers on its long distance flights starting in 2008 and follow it up a year later with Internet access and mobile phone services. Kingfisher has picked aircraft manufacturer Airbus‘ subsidiary OnAir to provide the e-mail and Internet services. Kingfisher plans […]
A study by three finance professors into 75,000 Danish companies has found that the profitability of a company increases by 7% after the CEO’s mother-in-law dies. We swear we are not making this up. This interesting study and its results are from a front page story in today’s Wall Street Journal (subscription required). The study […]