Word: jhunjhunwala
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Dates: during 2006-2006
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...target was a global financial capital at the heart of the fast-growing Asian economy and a popular destination for foreign investment. The similarity to recent attacks on transportation networks in Western financial capitals was not lost on residents of Bombay. "First Madrid, then London, now us," says Rakesh Jhunjhunwala, a well-known Indian investor. "The terrorists were trying to attack the financial backbone of India, but it did not work." Indeed, in the aftermath of the bombs, Bombay's people showed resilience and bravery?just as those in Madrid, London and New York did in similar circumstances. The Sensex...
...just happen here," says Sanjay Bhandarkar, managing director of investment bank Rothschild's India. "Because people have to make things work themselves." The rise of China has been the product of methodical state planning, but India's is all about private hustle, a trait that Americans can appreciate. Rakesh Jhunjhunwala, a billionaire trader in Bombay, says initiative represents Bombay's--and India's--advantage over its competitors. "It's people who make countries," he says, "not governments...
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