Word: goyal
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...point of being banal. A lot of Indians are not keen to watch it for the same reason they wouldn't want to go to Varanasi or Pushkar for a holiday - it's too much reality for what should be entertainment. "We see all this every day," says Shikha Goyal, a Mumbai-based public relations executive who left halfway through the film. "You can't live in Mumbai without seeing children begging at traffic lights and passing by slums on your way to work. But I don't want to be reminded of that on a Saturday evening." There...
...companies not flirting with bankruptcy are being pressured to avoid staff cuts. When Jet Airways, one of India's biggest airlines, tried to lay off 1,900 employees in October amid a deepening financial crunch due to high fuel prices, India's Aviation Minister called Jet Airways owner Naresh Goyal, who rescinded layoff notices within 24 hours...
...DELHI, INDIA Dream Over "No one dares mention the word shares in our house these days," whispers New Delhi software engineer Sandeep Goyal, "especially not when Dad's around." It's soon evident why. His father, a retired banker, is watching a religious sermon on a Sony flat-screen TV that, along with Sandeep's shiny new HP laptop, is a very visible sign of newfound affluence in the living room of the Goyals' modest home. "I warned him," the ex-banker says suddenly. "Never put all your eggs in one basket. He should have invested in government bonds...
...Like millions of other Indians emboldened by the country's booming economy, Goyal, 28, invested in stocks, confident that the seemingly sure profits would pad a comfortable lifestyle. The crash in global markets has been hard for him to accept. India's Sensex has fallen 45% from its peak in January; the Goyal family's net worth, built over years, has been decimated in weeks. From $12,000, their portfolio is down to $4,000 - a loss that totals more than half of Sandeep's annual paycheck from his job with a U.S.-based company. Leaving the room, the father...
...More bad news has been streaming across the Goyal's Sony over the past few weeks: India's economic growth rate is expected to slow from 9% to 8% or even less; unfounded rumors that the country's largest private bank, ICICI, had been caught in the subprime mess nearly caused a bank run; Jet Airways, the largest domestic airline, is laying off hundreds. Not the cheeriest atmosphere for a wedding. Goyal is getting married in two months. "I wanted to go to Singapore for our honeymoon, and buy a new car. It's ta-ta to those dreams...