In early 2007, Rajiv Bajaj, managing director of Bajaj Auto, had famously said, “I will stop producing 100cc bikes, I’ve said that before but nobody believes me… I would rather make more bikes with fatter margins like the Pulsar or Avenger than continue to produce products like the CT100 that make pennies.” Rajiv Bajaj was, of course, taking a dig at Hero Honda, which was the dominant player...

It is one of the few companies that seem unaffected by the economic slowdown, especially in the hospitality sector. Not a day passes when you don’t encounter Country Club India Limited (CCIL) either in the form of a strident sales pitch by a tele-marketer or view its chairman Y Rajeev Reddy beaming out of hoardings or in television advertisements with his hand raised in a thumbs up to the...