Power and Future

The 4 on 5 grading for Reliance Power (RPL) raised so many questions that CRISIL was forced to hold a quick teleconference to provide answers. RPL is all about Anil Ambani’s promise to set up an extraordinary 28 projects in the next 10 years. What did CRISIL have to say? In a nutshell, it said that grading was a subjective exercise and the grading committee was convinced of the company’s...

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The Indian Private Sector Has At Last Got Back To What It Was In The 1940s
ML: Can you tell us a little about your early days… about where you were born and grew up?
LMD I was born in Baroda (now Vadodara) in Gujarat on the 10th of July 1940. My father was a civil servant in the Gaekwad Government – Baroda was a princely state those days. We lived in a flat on a very busy crossroad, which was very nice for a child. The family was very proud of its...
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Investing Intelligence
Have you heard of Mensa? It is a society founded in England in 1946 by Roland Berrill, a barrister, and Dr Lance Ware, a scientist and lawyer. The society welcomes people from every walk of life, whose IQ is in the top 2% of the population, with the aim of enabling them to enjoy each other’s company and participate in a wide range of social and cultural activities. It turns out...
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