Unfinished Business Quotes

“The outstanding debt of six conglomerates—Lanco, Jaypee, GMR, Videocon, GVK and Essar—was even more excessive than ADAG in relation to their respective EBITDAs. However, ADAG had the highest outstanding debt among the ten conglomerates. ADAG was thus billed as India’s most indebted company by the media.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“at the behest of L&T’s chairman, M.N. Desai. It was not just altruism that propelled Dhirubhai to acquire a stake in L&T. The project execution capabilities of the engineering major were valuable to RIL. As the single largest shareholder, Dhirubhai replaced Desai as L&T’s chairman and Mukesh and Anil secured board seats.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“were Parsis and among the first families of Indian business.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“23 November 1985, the cover story of Bombay’s weekly tabloid, Blitz, pronounced, ‘BIG 3 IN MAHA POLYESTER WAR … It’s a Mahabharata War, or rather Mahapolyester War in Indian big business style … There are only Kauravas, no Pandavas and no Lord Krishna. The reason is that none is without blemish.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“India does possess the fourth longest rail network in the world, following the US, China and Russia.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“Dividend payments for domestic airlines, except for IndiGo, is a mirage.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“Jet operated forty-two aircrafts. Sahara was third with its fleet of twenty aircrafts.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“Limited (NACIL) was formed by merging Air India and Indian Airlines. In 2010, NACIL was renamed Air India. This merger precipitated the fall of India’s national carrier.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“Operating a state-of-the art fleet was Air India’s forte. The airline had acquired Boeing 747s, which were named after Indian emperors (Shahjahan, Ashoka, Rajaraja and Vikramaditya). The Constellations were named after princesses, the Super Constellations after the queens and the Boeing 707s after Himalayan peaks.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy

“interest in Vintcent’s proposal. Homi Mehta, however, directed Vintcent to approach the Tatas. Vintcent met JRD within a month of the latter getting his license. The two men hit it off instantly and India’s aviation industry was on the verge of take-off.”
― Nandini Vijayaraghavan, Unfinished Business: Evolving Capitalism in the World’s Largest Democracy