East India Company: How it entered the Indian market to make money and how it used the money to buy India itself
I read two books on the East India Company (EIC) which have fascinating details and insights:
The company acquired territories with money as much as it did with guns. The Indian kingdoms were bought as much it was fought. The company paid bribes to Indian rulers and army commanders to betray each other as well as to make or break alliances. It paid its Indian soldiers much more than Indian kings and obviously got the best and most loyal troops.
Dilip Shanghvi is a self-made entreprenuer whose company Sun has become the largest Indian pharmaceutical firm and one of the largest in the world. Pharma is not an easy field like IT in which one can become a billionaire overnight. Shanghvi started off as a distributor of psychiatric medicines in Kolkatta and went into manufacturing in Gujarat. He scaled up the business over the decades both organically and through acquisitions. He became rich without the use of crony capitalism route.
Global media, leaders and celebrities have expressed concern on the burning of the Amazon these days. Brazilian President Bolsonaro has responded to these concerns with his characteristic casual and crude reaction.
Embraer was the jewel in the crown of Brazil. It was the third-largest passenger aircraft manufacturer in the world and the only one from a developing country. While the Brazilian industrialists constantly complained about the lack of competitiveness of manufacturing due to high cost of production, complicated labour laws and taxation, Embraer proved them wrong. Embraer became competitive globally and was making profits...
Lithium has emerged as a focus product for major countries and companies since it is one of the key inputs for the manufacture of lithium-ion batteries, which store the energy that powers mass-market electronic devices (such as telephones, tablets, laptop computers, wireless tools), automobiles and other electric vehicles, as well as electric power grids (when connected to wind turbines and photovoltaic cells). Demand for lithium is expected to triple between 2017 and 2025.
Alejandro Giammattei has been elected as the president of Guatemala in the second round of elections held on August 11.
Giammettei’s victory is seen more like a defeat of Sandra Torres, the perceived Hillary Clinton of Guatemala. Sandra won 42 per cent of the votes against the 58 per cent that went to Giammettei.
Sandra was the wife of Alvaro Colom when he was President in the period 2008-12. She manipulated and intervened in the administration to raise her profile and image.
Alejandro Giammattei has been elected as the president of Guatemala in the second round of elections held on 11 August.
Giammettei’s victory is seen more as a defeat of Sandra Torres, perceived as the Hillary Clinton and Evita of Guatemala. Hatred for her made more people to vote for her opponent. Sandra was the wife of Alvaro Colom when he was President in the period 2008-12.
The main hero in the story is Dinesh Thakur, the whistle blower, who collected 48 million dollars for exposing the scandal of quality control frauds in Ranbaxy which was fined 500 million dollars by the US FDA. The author has used the Ranbaxy story to condemn Indian generic exporters.
Latin American GDP is forecast to grow by a modest 0.5% in 2019, according to a report released by UN ECLAC this week.
The decrease in growth is due to domestic reasons such as lesser investment, reduction in exports, fall in public spending and private consumption. Growth was also affected by the global environment of fall in commodity prices, slow down by China which has reduced imports and trade wars unleashed by President trump.
There are lot of mango trees in Venezuelan streets, backyards of houses and public places. I used to pick up and eat in the golf courses. But the oil-spoiled Venezuelans would not touch the mangoes. It was below their level. They would just let most of the mangos fall on the ground and rot..Now because of the crisis, food shortage and poverty increase, they have started eating the mangoes..for breakfast, lunch and dinner.
The documentary film The Edge of Democracy on Netflix is the Brazilian story of the end of military dictatorship in 1985, the climax of democratic maturity with the election of lathe worker Lula as president, the fall of democracy with the impeachment of Dilma Rousseff through legislative coup in 2016 and the imprisonment of Lula to prevent him from contesting in the elections by a judicial coup in 2018.
The documentary film “ The edge of democracy”, which is streamed in Netflix, is the Brazilian story of the end of military dictatorship in 1985, the climax of democratic maturity with the election of a lathe worker Lula as President, the fall of democracy with the impeachment of President Dilma Rousseff through legislative coup in 2016 and the imprisonment of Lula to prevent his contesting in the elections by a judicial coup in 2018. It is a poignant and powerful narrative.