Fall in Canada is splendid. Around September to early October, for a couple of weeks every year, the changing leaf colours attract thousands of visitors. Two years ago, Dow India chairman Vipul Shah and his wife decided to take a trip to see the sight. There is this one train that goes to this place in Ontario, where the colours are at their best. It leaves early in the morning and returns from the small town of Sault Ste Marie.
The Shah couple was staying at a hotel across from the station to catch the early train. "We went down for dinner in the restaurant at the hotel. Both of us follow a totally vegetarian diet. So we asked the waiter what they could offer us," says Shah. "Give me a minute," said the waiter.
In a couple of minutes, the French-Canadian chef came out and listed the options: Vegetable curry, naan and basmati rice, with papad and mango pickle! The Shahs were stunned. Just as they were recovering, he dealt the coup de grace. "Or would you prefer a Jain meal?" he asked.
The chef revealed the secret a few minutes later. Sault Ste Marie, in Algoma district, had only one large employer: Algoma Steel. When the company went bankrupt, the town was in real crisis. That was when Essar Steel rode in from the East....
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11:55 PM, May 06, 2013
New Delhi: Expressing disappointment over poor industrial performance, India Inc on Friday pressed for rate cut by the Reserve Bank of India (RBI) to boost production and further revive the economic growth. Industry chamber FICCI said the RBI should intervene and cut interest rates. "The IIP data for February calls for serious attention. It is important that RBI focuses on bringing down interest rates to stimulate investments which will further...
05:32 PM, Apr 12, 2013
Narender Modi took on Rahul Gandhi for his recent speech to India Inc and sounded the election bugle ahead of 2014 with his party president Rajnath Singh saying Modi will prove to be 'Yamraj' who will bring down the Congress. ...
11:05 PM, Apr 06, 2013
New Delhi: The Congress and the BJP are battling over Congress Vice President Rahul Gandhi's address to India Inc. While the Congress said that he has given people hope, the BJP said that Gujarat Chief Minister Narendra Modi offers much more to the people of India. Speaking to IBN18 Editor-in-Chief Rajdeep Saredesai, Congress leader Mani Shankar Aiyar said that Rahul has got the implicit solution. "Rahul has understood the essential...
07:56 AM, Apr 05, 2013
Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
11:58 PM, Apr 04, 2013
Rahul Gandhi clearly expressed his disinterest in the race even as Narendra Modi said he was being urged by people to repay his debt to India. ...
11:52 PM, Apr 04, 2013
Congress Vice President Rahul Gandhi pitched hard to India Inc at Confederation of Indian Industries in the national capital and unveiled his vision of inclusive development, seeking partnership with the corporate sector but made it abundantly clear that he was not in the race for the Prime Minister's post. ...
10:58 PM, Apr 04, 2013
Congress Vice President Rahul Gandhi pitched hard to India Inc at Confederation of Indian Industries in the national capital and unveiled his vision of inclusive development, seeking partnership with the corporate sector but made it abundantly clear that he was not in the race for the Prime Minister's post. ...
10:13 PM, Apr 04, 2013
New Delhi: It was a day rarely seen in Indian politics when top leaders of the country's main parties took to the stage in a bid to woo corporate India. Congress Vice President Rahul Gandhi pitched hard to India Inc at Confederation of Indian Industries in the national capital and unveiled his vision of inclusive development, seeking partnership with the corporate sector but made it abundantly clear that he was...
09:56 PM, Apr 04, 2013
Rahul Gandhi's address at CII, aimed at the captains of Indian industry, did not touch upon specific policy measures that may benefit the industry but instead charted out his broader vision of an India where growth and prosperity are inclusive. How much will it assuage the worries of the industry with the country just a year away from general elections? Business Standard editor AK Bhattacharya joined IBNLive readers for an...
07:06 PM, Apr 04, 2013
New Delhi: Rahul Gandhi, scion of the Nehru-Gandhi dynasty and a 'contender' for prime minister in 2014, on Thursday offered a broad vision of 21st century India in his first major speech to business leaders that critics called vague and rambling. Addressing a gathering of Indian business tycoons in New Delhi, Gandhi did not touch on any of the issues bedevilling Asia's third-largest economy such as high inflation, decelerating investment,...
03:27 PM, Apr 04, 2013
New Delhi: India Inc on Thursday was impressed by Congress leader Rahul Gandhi's maiden interaction with corporate leaders saying he came across as a sincere leader and this can form the basis for future engagement with the industry. "It was a very good speech. His ideas are brilliant. Industry has to see how it can work with the government. We should work in unison for greater progress," said Adi Godrej,...
03:20 PM, Apr 04, 2013
Rahul Gandhi's pitch to India Inc at the CII conference has received mixed reactions from the 'aam admi'. Here are a few reactions from people on Twitter. You can have your say too, by leaving your comments below. ...
12:54 PM, Apr 04, 2013
Indian companies are engaging in ambitious outbound merger and acquisition (M&A) deals and have made 72 acquisitions abroad worth $ 11 billion in 2012, a trend which is likely to gather pace in the years to come. ...
02:27 AM, Mar 21, 2013
Hailing RBI's pruning of the key interest rates, India Inc today said the move will propel economic growth by easing fund flow and spiking the blunted consumption and investment demand. While all anticipated a cut in repo rates, particularly after the apex bank's hawkish monetary outlook last evening, the move to infuse fund with 25 basis points cut in cash reserve ratio into the banking system took the industry by...
08:04 PM, Jan 29, 2013
India Inc said on Wednesday that there should not be any increase in taxes for the "super rich" as it would dampen business sentiments and lead to relocation of professionals to low tax regions like Singapore, Dubai and London. ...
01:05 AM, Jan 17, 2013
The Vibrant Gujarat summit on Friday turned out to be a celebration of Narendra Modi as India's top businessmen showered praise on the Gujarat Chief Minister. ...
11:18 PM, Jan 11, 2013
The government is likely to approach Parliament in February to water down retrospective tax rules that damaged investor confidence, two finance ministry officials said on Monday, in a move that may help settle UK-based Vodafone Group Plc's long-runnning $2 billion tax dispute. ...
04:59 PM, Jan 07, 2013
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. ...
08:27 PM, Dec 26, 2012
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. "Publicly, there is so much debate about the companies spending large amounts of money towards remuneration for their top management personnel. "It may be their hard-earned money. But the perception about the rich...
03:34 PM, Dec 26, 2012
