The Naxals are Coming!

ABusiness Week report of 7th May says “Maoist insurgency is threatening the country’s runaway growth”. It starts with a gripping story about Maoists torching 53 vehicles and heavy machinery at Essar Steel’s iron processing plant in Chhattisgarh. The Maoists apparently left a note asking the company to stop shipping local resources out of the country. The Essar episode and a bit about...

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  • Another Myth

    Avisit to Hyderabad and discussions with key persons in government and the private sector blew another media-created myth -- that Information Technology (IT) development in AP has suffered after the exit of Chandrababu Naidu’s government. Well, Naidu was undoubtedly a visionary and will always be credited for accelerating IT and infrastructure development in AP, but we discovered that the...

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  • Name Lending

    A few months ago, the media dutifully published a release about a $100 million infusion by legendary investor George Soros into Anil Ambani-owned Big Entertainment for a 3% stake. With that deal apparently in the bag, the company was reportedly talking to other private equity funds, such as Kohlberg Kravis Roberts & Co (KKR), Carl Icahn as well as Japan’s Softbank and Abu Dhabi Investment...

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