Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Gurcharan Das: Relax, capitalism is not the problem

The epic, Mahabharata, thinks that human beings are fundamentally flawed and their faults make the world “uneven” (vishama). As a result, they are vulnerable to nasty surprises. Duryodhana is the chief purveyor of “uneveness” in the epic, but the others also contribute to it in good measure — Yudhishthira cannot resist gambling; Karna suffers from status anxiety; Ashwatthama has a revengeful nature; Dhritarashtra is prone to excessive love for his eldest son and so on. These human defects drive the epic towards calamity. Like the Mahabharata’s characters, investment bankers on Wall Street, rating agencies and even regulators suffer from similar failings, and it is these dangerous infirmities that brought the global capitalist system to its knees in 2008.

Runu Ghosh sentenced 3 years imprisonment in DA case

Former deputy director general of Telecom department Runu Ghosh was today sentenced to three years rigourous imprisonment by a court here for amassing disproportionate assets to the tune of Rs 20.94 lakhs.

Back in business?

While the owners of the debt-laden retail chain Subhiksha Trading Service refuse to comment on what’s happening after it shut all its shops over the last year, there is some activity taking place. At one outlet in Chennai, for instance, labourers can be seen renovating the place and stocks are being brought in as well. When a photographer of this newspaper took photographs, staffers from the shop came and snatched the camera and released it only after all photographs were deleted. The company, which has dozens of legal cases against it — it owes banks Rs 870 crore and owes another Rs 107 crore to unsecured lenders — had earlier stated it just needed Rs 300 crore of cash infusion to restart the business.