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...ASIA India: Bombay's Bloody Monday North Korea...

Author: /time Magazine | Title: Mystery Moves | 9/1/2003 | See Source »

Twenty-four hours afterward, you could be forgiven for wondering whether Bombay's deadliest terrorist attack in a decade had really happened. The freshly scrubbed pavements around the Gateway to India were heaving once again with beggars, tourists and balloon sellers. Uptown in Zaveri Bazaar, the gold and silver traders had taken it upon themselves to bag up all the stray limbs, hair, teeth and fingers, boarded up their broken windows and opened for business. Commuters packed trains as usual, and the stock market soared to a 29-month high. The newspapers all but ignored the 52 people killed...

Author: /time Magazine | Title: Bloody Monday | 9/1/2003 | See Source »

...ASIA India: Bombay's Bloody Monday North Korea...

Author: /time Magazine | Title: Bloody Monday | 9/1/2003 | See Source »

...with a special debit card that allows kids to withdraw money from ATMs?with a spending limit imposed by their parents?and get discounts at McDonald's and Pizza Hut. "The young generation is changing the consumer-financing landscape," says Sarvesh Sarup, Citibank's chief of consumer banking in Bombay. "Targeting of that segment is very, very critical...

Author: /time Magazine | Title: Hey, Big Spenders | 8/25/2003 | See Source »

...consumers are also reshaping how large sections of the economy work. Take, for example, the cinema industry. Movie houses have been almost exclusively mom-and-pop outfits and, as a result, old, dingy and broken down. But the young, high-spending crowd is enticing major corporate players to invest. Bombay-based Inox Leisure opened its first two multiplexes over the past year and is investing $50 million to build 11 more, each with as many as six screens, by mid-2005. Shishir Baijal, Inox's CEO, estimates that 100 multiplexes are in the works nationally. Though he charges as much...

Author: /time Magazine | Title: Hey, Big Spenders | 8/25/2003 | See Source »

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