Word: chennai
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Shukla himself has branched out of real estate. He started selling insurance six months back "to pay the bills," he says. According to various estimates, sales in cities like Mumbai and Chennai are down 30% to 40%. Hoping to induce buyers during Diwali, realtors are advertising cash discounts of 5% to 10% for down payments, and as much as 25% discounts if buyers are willing to wait two to three years before taking possession of the property. "But there is no liquidity with the end user," says Arvind Nandan, director of consultancy at real estate company Cushman & Wakefield India. "Home...
Rajaram's had been something of an immigrant-American success story. Born in India, he grew up in Bangalore and graduated in 1985 from the now famous Indian Institute of Technology in Chennai (formerly Madras). He went to Los Angeles to earn an M.B.A. from UCLA before working at Sony Pictures from 1989 to 1994, according to a company spokesman. He went on to serve in a small consulting group within PricewaterhouseCoopers dedicated to strategy and operational consulting for motion-picture companies. He left in 1999 to join EHS Partners, a start-up consulting firm. A 2001 story...
...fabled world's cheapest car, which will sell for about $2,300 - a price low enough to turn India's millions of motorcycle and scooter drivers into car owners. "This is an iconic project," says Abdul Majeed, who follows the Indian auto industry as a partner at PriceWaterhouseCoopers in Chennai. "The whole world is watching...
...Ravindranath died in 2006, but his wife Vatsala, who was the organization's president, last week denied all charges, saying MSS had no idea the children were stolen. "I'm not handling the surrender. I don't remember it," says the grandmother, who must report daily to police in Chennai as part of her bail conditions. "I trusted [my staff] because I asked them, If there is anything, please tell me. They are promising on the heads of their children...
...Fatima knows the chances of her daughter returning to Chennai are slim, but she still dreams. "If she wants to come back we will embrace her," she says. "But if it is her desire to stay where she now is, we will only wish her well...