All That Glitters

Mehul Choksi, chairman, Gitanjali group seems to be getting into too many things at the same time. Starting from selling diamond jewellery to branded international jewellery to setting up special economic zones (SEZs), Mr Choksi is now eying high-end, luxury jewellery and mobile retail stores, thanks to the decline in rentals in most metros in India.

In June, the government cleared the...

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Top guns to sit on Air India international advisory board
National carrier Air India (AI) is in the process of having a seven-member international advisory board, with former top officials of global carriers, to turn the organisation around. The Board, which is likely to be headed by industrialist Ratan Tata, may have former heads of leading carriers like Lufthansa and Singapore Airlines, sources in the know told PTI.

Air India was...

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Irrational Investing

Terry Burnham has written a book (Mean Markets and Lizard Brains, by Terry Burnham, John Wiley & Sons; $16.95; Pages 324), to help you “profit from the new science of irrationality.” But what it describes is not exactly a science and is not new. It is the good old behavioural finance theory. As Burnham says “conventional financial advice is based on the assumption that both people and markets...

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