Word: alok
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...until Diwali, the mood is decidedly downbeat. The demon of impending economic doom refuses to die, and as tightened liquidity makes people put off larger purchases, the real estate sector is facing the worst attack. "This time last year, I was selling 10 to 12 properties every day," says Alok Gupta, who runs Advanced Real Estate in the New Delhi suburb of Noida. "This time, I haven't sold a single property all month...
...Less free-flowing credit will inevitably lead to Indian companies' eyeing fewer deals and therefore to even more competition for their business. In India, commissions and fees are often less than a quarter of what they are in the West, so if foreign banks want to make money, says Alok Aggrawal, chairman of market watcher Evalueserve, they will have to go after the biggest, most profitable deals. "That's a small pool with a lot of sharks...
...Five Point Someone tells the story of three IIT students who refuse to make that trade-off, choosing instead to study less and play more. Hari, Alok and Ryan sleep, stumble and cheat their way through Manufacturing Processes and Applied Mechanics to leave room for bigger priorities: vodka, weed and Pink Floyd. Throw in a love affair with a professor's daughter, and you've got every Indian teen's dream. "It's amazing how happy one can be," realizes narrator Hari, "with low expectations of one's self...
Last night, first-years Alok Bhushan, Kendrick N. Kay and Eleanor E. Williams won first prize and $15,000 each in the ThinkQuest Internet Challenge in Universal City, Calif...
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