And we are back after a pretty long time, but nothing much has changed since we spoke about bad news that surrounded the world economy. In fact, things have only gone downhill. Layoffs have begun even in India. The US economy is reeling and is hoping under Barack Obama's slogan of Hope, not fear. The US congress has approved the $700 billion odd stimulas package. In other news from India, Subhiksha, the ailing retail chain is fighting hard to survive bankruptcy.
We are back after getting stuck in a rather unhealthy habit of not being on time. The last month was plump with a number of mergers and acquisitions on a national and an international scale. Spice married Idea in the telecom sector. On the global front, Anil bhai's ADAG and MTN, the South African telecom giant are contemplating a merger of sorts, but Mukesh Ambani comes in his younger bro's way yet again. Ranbaxy, the Indian pharmaceutical major has been acquired by its Japanese Counterpart, Daiichi Sankyo in a landmark deal. This season, in India, as the rains pour, so do the mergers.
The epidemic is back. It is called inflation. USA, India, China, Sri Lanka, Philippines, Haiti, Egypt are searching for the medicine to cure themselves. The medicine itself is not only bitter, but sometimes fatal! Among the developing economies, India leads the pack. In this podcast, we talk about how relavent is this whole issue to the common man or the housewife who buys vegetables on the street in a city in India.
Richard Branson does a James Bond like stunt again. To announce his tie up with Tata Teleservices, he jumped from some high rise building to get to the front pages of all leading publications here. He made a bigger splash when he experimented flying one of his planes on Alternative fuel. VISA has announced its intensions for the world's biggest IPO and the Indian Banking industry boasted of the biggest deal ever.