The FT is reporting that Indian auto company Mahindra & Mahindra is also interested in Ford’s Land Rover and Jaguar units. According to the FT piece, Mahindra is conducting due diligence on Land Rover and Jaguar. Tata Motors has already expressed its interest in the two Ford brands. See our earlier posting on Tata Eyeing […]
The top 20 private equity and hedge fund managers in the U.S. – all White men – made on average $675.5 million (Rs 2,700 crore) in 2006, or 22,255 times the pay of an average U.S. worker, according to a Forbes study cited in a new report called Executive Excess 2007: The Staggering Social Cost […]
Social networking start-up Masala Inc. has snagged $4.5 million in Series A funding from VantagePoint Venture Partners, according to a regulatory filing cited by PEHub. Amra Tareen, a former partner at venture capital firm Sevin Rosen Funds, is behind San Francisco-based Masala Inc. Social networking consultant Erik Sundelof is also involved in the new venture. […]
Anupama Chopra’s book on Bollywood superstar Shah Rukh Khan may have garnered all the media attention because of her connections but Stephen Alter has written the superior book in Fantasies of a Bollywood Love Thief: Inside the World of Indian Moviemaking. Fantasies of a Bollywood Love Thief captures the spirit and essence of Bollywood better […]
Embattled Pakistan President General Pervez Musharraf has agreed to step down as the country’s military chief before the upcoming elections. In a deal reached with Pakistan Peoples Party leader Benazir Bhutto, Musharraf is also said to have agreed to drop corruption charges against Bhutto and other politicians. General Musharraf, who seized power from the civilian government […]
Indian movies will earn $208 million (Rs 850 crore) in 2007 in the overseas market, India’s Minister for Information and Broadcasting P.R.Dasmunsi told the country’s parliament on Wednesday. Last year, Indian movies are said to have earned $171 million in the overseas markets. Indian movies in Hindi, Punjabi, Tamil, Telugu, Kannada and other languages are usually […]