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...viewers - the small-town moviegoer, the urban, Hindi-speaking market - looks for star vehicles, for masala," says Masand. "They won't care much for this one." For many Indians, the film's subject and treatment are familiar to the 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...

Author: /time Magazine | Title: Slumdog Millionaire, an Oscar Favorite, Is No Hit in India | 1/26/2009 | See Source »

...file for Chapter 11 bankruptcy, and the banks would finance its operations until the shops could restructure. These so-called debtor-in-possession, or DIP, loans kept the company operating. In the early 1990s, for example, Macy's spent nearly two years in Chapter 11. Today, banks aren't keen to lend to anyone, least of all a retailer in miserable shape. (See the worst business deals...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...dragging it down. Citi may be taking on water faster than it can dump it out, but Parsons is no stranger to financial struggle. When he took over AOL Time Warner in 2003, the media conglomerate was $27 billion in debt and the Securities & Exchange Commission had taken a keen interest in America Online's premerger accounting practices - basically, the company was the Wall Street equivalent of the dorky kid whom nobody sat next to at lunch. Parsons had some success at Time Warner - he removed 'AOL' from the company's name and streamlined its business practices...

Author: /time Magazine | Title: Citigroup Chairman Richard Parsons | 1/21/2009 | See Source »

...What kind of impression did Obama make when you met him in Chicago back in the 1990s? Brilliant among many brilliant people. A rather astonishing brain. Warm. A very, very keen listener. An unusually curious human being. We're lucky, in my opinion...

Author: /time Magazine | Title: Q&A: Inauguration Poet Elizabeth Alexander | 1/20/2009 | See Source »

...Issuing pink slips en masse is a political nonstarter in India, and it's even less likely to happen in an election year. With India's flagship information-technology sector under global scrutiny, the government looks keen to salvage Hyderabad-based Satyam, the country's fourth-largest outsourcing company. "I am pretty sure the employees are on safe terrain," says James Agarwal, head of executive-search firm BTI Consultants India. "There is no chance the government will allow the company to go down. It is important for employees, for Indian corporates, for the government." (See pictures of the global financial...

Author: /time Magazine | Title: India Tries to Save Jobs After Satyam Scandal | 1/20/2009 | See Source »

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