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The Unreal Times business correspondent, Ebenezer Businesswallah, caught up with IT czar turned technocrat, Nandan Nilekani, at his Bangalore residence over the weekend and chatted with him on a range of issues including the challenges and headaches of working in the government, the financial troubles of his company, Infosys, and his transition from the corporate [...]

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If you think Kingfisher stock will soon be not worth the paper it is printed on – its price crashed to a life-time low of 9.62 rupees a few days back – then you may be mistaken. The stock is coming in handy across kiranas all over India to settle petty transactions and compensate for [...]

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Slamming Prime Minister Manmohan Singh seems to have become a fad these days. After TIME magazine and a UK-based newspaper carried disparaging reports about the Prime Minister, Google Inc is the latest to join the bandwagon. The tech giant has now come out with a “Poodle Doodle”, featuring the duo of Dr. Manmohan Singh and [...]

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After deciding to sell off Kingfisher’s non-core assets such as the Kingfisher House in Mumbai and Vijay Mallya’s villa in Goa, bankers along with liquor baron announced their decision to auction off Vijay Mallya’s son Siddharth Mallya as part of their debt recovery process. The decision was taken at a bankers’ meeting on Tuesday, led [...]

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Mr. Ketan Mehta, a mid level manager in an FMCG company who owns about 1000 shares of the financially struggling Kingfisher Airlines, demanded a dividend during the recent annual general meeting of Kingfisher shareholders held in Bangalore, triggering howls of laughter from those gathered including group chairman Vijay Mallya. In a fit of spontaneity, Mr. [...]

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Pivotal Team Anna member Arvind Kejriwal has decided to take a break from the fight against corruption to become an Investment Banker. The most prominent face of India against Corruption (IAC) will now be working for Goldman Sachs as a Vice-President in their Investment Banking Division’s Strategies Group and will make sales pitches to wealthy [...]

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With persistent double digit inflation, the price of high level corruption has also sky-rocketed, so much so that it has become increasingly cumbersome to conduct high value transactions using wads of Rs.500 and Rs.1000 notes. In order to reduce such dead-weight transaction costs and improve liquidity in the corruption sector, the RBI has decided to [...]

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Awestruck Indians observed a seminal moment in their economic history as their beloved currency, the Indian Rupee touched 56.78 a US Dollar. This exchange rate, a unique combination of successive digits was perceived by many Indians across caste, creed and class lines as an epochal moment with profound metaphysical connotations. Social networks like Facebook were [...]

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Stunned, disappointed and embittered by the breathtaking speed – the jurors took merely 8 hours to reach a verdict after a month long trial – with which a jury in the Manhattan District Court pronounced him guilty of leaking confidential board-room information to a hedge fund that earned millions of dollars by trading on these tips, [...]

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Both had humble, lower middle class origins,   and mirrored each other in their rise.   Through sheer perseverance and dedication…   they scaled the summits of their chosen professions.   Life was heady and glamorous at the top,   but it also included dalliances with unsavory characters,   and then suddenly, both experienced an Icarus like fall….   BUT THE SIMILARITIES END [...]

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