Word: britain
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...with a polka-dot pocket square. He recalled how prescient strategy--and a stroke of luck--turned DLF into a property powerhouse. Founded by Singh's father-in-law Chaudhury Raghuvendra Singh, DLF (originally Delhi Land & Finance) got started in 1946, a year before India won its freedom from Britain. Raghuvendra bet that hundreds of thousands of refugees who were expected to settle in India's capital when partition split the subcontinent into India and Pakistan would need places to live. He persuaded farmers around New Delhi to hand over their land on the promise of future payment, borrowed money...
...good times ended in 1957 when New Delhi's socialist government granted itself sole development rights for the city, forcing private firms out of the business. By then, Singh had married into the family. The son of landlords as well, he had studied aeronautical engineering in Britain before returning home as an officer in the Indian army. By the time he joined his father-in-law's business in 1960, real estate development work had dried up completely. Instead the company tied up with two U.S. firms to manufacture electric motors and automotive batteries. The joint ventures eventually foundered...
...Swiss aren't the only ones with a penchant for horology. Dent & Co., Britain's finest clockmaker, has been quietly earning its place in history for almost 200 years, and this fall the company will offer a collection of wristwatches for the first time in four decades. The watches will range in price from...
...places better convey the bittersweet legacy of Indian independence than the eastern city of Calcutta. It was here that Britain began building its dominion in India. The sprawling mansion that today houses the governor of West Bengal - a chiefly symbolic role akin to India's presidency - was, until 1911, the seat of British power throughout all of Asia. "When the house was built, the British Empire in India was like a little patchwork of crimson spots on the map of the Indian continent," then Viceroy Lord Curzon wrote of the significance of his former abode. "When it was abandoned...
...Tata and other Indian automakers estimate that their engineering costs alone are about half what they would be in Europe or the U.S. At the same time Tata has tapped the skills of Italy's Fiat, with which it has a joint venture in India, and engine designers in Britain's West Midlands region, some of whom were jobless after closures in Britain's auto industry over the past few years. Indian producers are relentless cost-cutters. Many, including Tata, now buy parts through Internet auctions to get the best price. Industry analysts speculate that the one-lakh...