Word: mumbai
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...little effect on Tata Motors' revenue, adding just 3% to sales, analysts estimate. It will have even less impact on the company's ailing bottom line, because the Nano's profit margin is tiny, says Vaishali Jajoo, a senior automotive-research analyst at Angel Broking, an investment firm in Mumbai. "It will take at least four to five years to break even" and recoup the company's development costs, she says. There's more profit to be made from fully equipped Nanos with air-conditioning, power windows and upholstered seats, which cost about $3,300. "How they're really going...
...honor. But in the end nothing worked. "Because of the attitude of the government, that they are not ready to spare security forces for the cricket tournament ... We are forced to take the decision to move the event out of India," BCCI president Shashank Manohar told the media in Mumbai on Sunday. Bollywood superstar actor Shah Rukh Khan, who owns Team Kolkata and was part of the IPL governing council meeting where the decision was taken, was more magnanimous: "We need to respect the general elections, they are much bigger than our issue. This is an attempt to resolve...
...Indian Premier League is bringing in South African security firm Nicholls, Steyn and Associates to manage safety for the entire tournament. Company director Bob Nicholls knows just what he's up against - he was in Mumbai at the time of last November's attacks. The Indian government has also offered to provide paramilitary forces if required, even though the country will be holding general elections over six weeks coinciding with the tournament. IPL president Lalit Modi has been in a running tiff with the government over dates and venues for his tournament, and it is a measure of the importance...
...India, cricket is also big business. The Indian Premier League (IPL), which features a fast and furious short version of the game, began in 2008 and is already worth approximately $2 billion. But last year's terror attack on Mumbai, and the assault on the Sri Lankan cricket team in Pakistan on March 3 in which eight people died (six policeman and two civilians) and several Sri Lankan players were injured have raised fears about the future of the game in the region. Will the threat of further attacks spell the end of international cricket in South Asia? (See pictures...
...Pakistan is indeed in much worse shape. The Sri Lankan team was touring there because India had called off its scheduled tour after the Mumbai attacks, which the Indian government blames on Pakistan-based militants. Teams like Australia and England have refused to play there, too, forcing Pakistan to consider playing all its "home" games in Dubai...