Word: dikshit
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...siege of Mumbai was still going on, and many political observers expected that the BJP, which had relentlessly portrayed Congress as "soft on terror," would win. Instead, young voters gave the ruling Congress Party credit for the Delhi Metro, a new mass-transit system, and re-elected Sheila Dikshit, the city's 71-year-old chief minister. "Age was not the criteria," Deshmukh says. The calculation was, he explains, much simpler. "If you deliver, you will get my vote...
...predicting a wave of bad debts will crash the Indian financial system and economy. That's because commerce on the subcontinent still runs mostly on cash. Dheeraj Dikshit, the head of consumer assets in India for U.K.-based bank HSBC, reckons that credit cards are used for only about 2% of all retail transactions. But cash-strapped consumers will still hurt economic growth. Many spend half their salary on car and house payments and will be forced to cut discretionary spending. Some sectors are already getting hurt. New car sales - 80% of which are financed - are slowing. Tata Motors reported...
...court, deeming street food unsanitary and unsafe, ruled last May that vendors should cook food at home and sell it pre-packaged. Vendors and workers' rights groups, which had filed a bunch of petitions in the Supreme Court, led a chorus of protests. The Chief Minister of Delhi, Sheila Dikshit, told an Indian newspaper that the judgement was not fair: "Wiping out the vendors will mean wiping out a whole culture; it's just not the solution...
...took a blind leap and joined the company. After his studies in Delhi in the early 1990s, and business school, he worked at Bank of America and British Gas before heading to Mexico for a change of scenery. On a whim, he e-mailed his former college friend Dikshit, who, it turned out, had just set up a software company and was trying to develop a gaming start-up for Parasol, a lawyer by training. Parasol's history has filled the pages of British tabloid newspapers this year largely because of her involvement in online pornography and her investment...
...trio's timing was propitious. Internet poker was already available in the late 1990s, but the technology was clunky and the game less popular than sports betting and lotteries. Dikshit created a version that enabled multiple players to participate, and PartyGaming quickly went after the market leader at the time, Paradise Poker. "We weren't ready for the launch when we did launch" in August 2000, Bhargava recalls, shuddering at the site's initial reliability problems. The breakthrough came a year later, when the company hired a well-known poker player, Mike Sexton. He came up with a gimmick that...