Word: indianism
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...Headed the influence peddling investigation against lobbyist Jack Abramoff, who bragged to several American Indian tribes that he could land them political favors at the Department of the Interior, which oversees gaming on Indian land. Abramoff pleaded guilty in 2006 to conspiracy and is cooperating with a bribery investigation. Devaney's investigation also brought down several Interior Department employees, the highest ranking being J. Steven Griles, second-in-command at the department. Griles admitted to hiding his ties to Abramoff during his 2005 testimony before Congress...
...Unlike U.S. automakers GM and Chrysler, Tata Motors doesn't appear to be on the brink of bankruptcy. According to industry analysts, the company has strong management and the backing of the Tata Group, a venerable Indian conglomerate with $63 billion in annual revenues. "For Tata Motors to be in dire straits, things will have to worsen much more," says a Mumbai-based analyst with Credit Suisse who asked not to be named...
...setbacks are humbling to a company that not long ago was setting a fast pace. Tata Motors' trucks have been ubiquitous on Indian roads for decades. In recent years, it had captured a larger share of the domestic car market with the Tata Sumo and the Indica, India's first domestically developed car. Tata's cars, buses and trucks are sold in Europe, Africa, the Middle East, Australia and parts of Asia. The company bought South Korea's second largest truckmaker, Daewoo Commercial Vehicles, in 2004; a year later is acquired a 21% stake in Hispano Carrocera, a Spanish...
...Tata Motor's strategy was to push further into international markets by attacking the potentially vast, low-budget car market in the developing world. That effort was to be led with innovative models like the Nano. Through numerous innovative manufacturing strategies - and cheap Indian labor - the Nano was supposed to debut last year with a sticker price of about $2,500. Meanwhile, the company was dipping its toes into the luxury segment through the acquisition of struggling...
...film critic Vinayak Chakraborty says that is highly unlikely; Bollywood's vocabulary, he says, is entirely different than western cinema's. "The Oscars are unlikely to change anything for Bollywood. The Oscars have their own cinematic idiom that tells stories in a particular way. It's different from the Indian idiom which is larger than life and melodramatic." Film director Deol adds, "At the end of the day, [India's] big studios and big filmmakers know their market well, they know where the revenues lie. They will continue to make films for India and for the NRI [non-resident Indian...