Word: kumar
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...told its overtures to New York Stock Exchange-listed luxury hotel and cruise firm Orient-Express were unwelcome - and potentially damaging. Indian Hotels recently upped its stake in Orient-Express to 11.5%. But Orient-Express CEO Paul White, in a letter to Indian Hotels Vice-Chairman R. K. Krishna Kumar, wrote that "any association of our luxury brands and properties with your brands and properties would result in a reduction of our brands and of our business and would likely lead to erosion...
Indian Hotels' Kumar told TIME that his first reaction upon receiving the letter "was that Paul White could not possibly have drafted [it]... I came to the conclusion that the person who drafted this letter needs counseling." Indian Hotels, he said, had proposed a friendly partnership in which each company would take an equity stake in the other, share expertise but remain independent. "At no time did we moot the the idea of a merger," Kumar says. White's letter, he says, "will go down as one of the most uncivilized exchanges of views between two companies in the 21st...
Many Indians shared Kumar's sense of outrage. Commerce and industry minister Kamal Nath warned that, "There cannot be any discrimination against outward investment from India." In an era of globalization, he said, "trade and investment [is] a two-way street." Industrialist Venugopal Dhoot, who heads the Associated Chambers of Commerce and Industry of India, told the Press Trust of India that Orient-Express had shown "arrogance toward one of India's most respected business houses." The discriminatory tone of Orient-Express's letter was "close to racism, barely camouflaged in the language of branding," opined an angry editorial (entitled...
...business world of late, India was nearly last in your competitiveness ranking. This is because India has not bridged the huge gap between the haves and the have-nots. Countries like India should emphasize economic equality so that they can climb the global business ladder. K. Chidanand Kumar, Bangalore, India...
...business world of late, India was nearly last in your competitiveness ranking. This is because India has not bridged the huge gap between the haves and the have-nots. Countries like India should emphasize economic equality so that they can climb the global business ladder. K. Chidanand Kumar, Bangalore, India