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...days later Indian Hotels, which owns the luxury Taj hotel chain and is itself a branch of the Tata empire, was told its overtures to New York Stock Exchange-listed luxury hotel and cruise firm Orient-Express were unwelcome - and potentially damaging. Indian Hotels recently upped its stake in Orient-Express to 11.5%. But Orient-Express CEO Paul White, in a letter to Indian Hotels Vice-Chairman R. K. Krishna Kumar, wrote that "any association of our luxury brands and properties with your brands and properties would result in a reduction of our brands and of our business and would...

Author: /time Magazine | Title: Is India Bad for Jaguar? | 12/14/2007 | See Source »

...warned that, "There cannot be any discrimination against outward investment from India." In an era of globalization, he said, "trade and investment [is] a two-way street." Industrialist Venugopal Dhoot, who heads the Associated Chambers of Commerce and Industry of India, told the Press Trust of India that Orient-Express had shown "arrogance toward one of India's most respected business houses." The discriminatory tone of Orient-Express's letter was "close to racism, barely camouflaged in the language of branding," opined an angry editorial (entitled "Racism Can't Halt Indian Takeovers") in India's Economic Times. The days...

Author: /time Magazine | Title: Is India Bad for Jaguar? | 12/14/2007 | See Source »

...staid university town, he is tipped off that the police are coming to arrest him as a counterrevolutionary. He flees, hawking his Phoenix bike to a fruit vendor for some apricots and enough change to buy a train ticket to Nanjing. From there, Jian plans to board an express train heading south to Guangzhou, then sneak into Hong Kong and eventually make it to another country. In the novel's final scene, Jian incinerates his student identity card and crops his hair. We never do know if he gets out of China...

Author: /time Magazine | Title: Exile's Letter | 12/13/2007 | See Source »

...American Express sued MasterCard and Visa in 2004, alleging that you tried to keep it out of the credit-card business. Visa settled for up to $2.25 billion. Does that put more pressure...

Author: /time Magazine | Title: Credit Cards and Spendthrifts | 12/13/2007 | See Source »

...professor Michael O. Rabin. “They are going to be a part of the history of our faculty, part of the history of Harvard, and that would mean that this vote implicitly verifies the fact that there were attacks on people, in this case, who wanted to express controversial opinions on the Israeli-Palestine issues.” Matory said that the meeting served his intentions “very well” by providing a forum for an open discussion of free speech. The meeting was bogged down by countless amendments, vote counts, and quibbles over nitty...

Author: By Maxwell L. Child and Samuel P. Jacobs, CRIMSON STAFF WRITERSS | Title: A Familiar Clash As Faculty Meets | 12/12/2007 | See Source »

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