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Bangladesh: ‘Loan defaulter’ garment businessman is new central bank chief!

Virendra Pandit   New Delhi: The first major decision by the newly-installed Bangladesh Nationalist Party (BNP) government led by Prime Minister Tarique Rahman kicked off a firestorm on Friday when Dhaka announced the appointment of an alleged loan defaulter garment businessman as governor of the central bank, the media reported. The Tarique government abruptly ended […]

An Incomplete Life: Gautam’s separation from his wife erases $180 mn at Raymond

Virendra Pandit    New Delhi: This is also a family matter. When a family collapses, the business it runs may also follow. India’s business legend Vijaypat Singhania, once synonymous with his company Raymond’s tagline “The Complete Man”, penned his 2021 autobiography “An Incomplete Life”, after his very public spat with billionaire son Gautam Singhania. The […]

Electricity: ‘By 2050, India’s ACs would consume more power than entire Africa’

Virendra Pandit   New Delhi: India is geographically larger than Europe, minus Russia’s European part, and the British called the South Asian country a ‘subcontinent.’ By 2050, however, the air-conditioners installed in a rising India will alone consume more electricity than an entire continent—Africa—will do. India’s demand for electricity for running household air conditioners is […]
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