Business Today

To be precise

“If blocking means not accepting whatever the developed countries say, so be it”
Kamal Nath, Commerce Minister, on the failure of the WTO talks in Geneva, to Associated Press

     Print Edition: August 24, 2008

“If blocking means not accepting whatever the developed countries say, so be it”
Kamal Nath, Commerce Minister, on the failure of the WTO talks in Geneva, to Associated Press

“As the economy progresses, people tend to move up the ladder and upgrade to more premium brands”
Mahesh Madhavan, President & CEO, Bacardi-Martini India, in The Economic Times

“The Nano is a magnificent accomplishment from an engineering point of view, but they’re launching a low-cost car in what’s become a high-cost environment”
Tim Armstrong, Director (Asia & Middle East/Africa) at Global Insight, in BusinessWeek online

“The expectations have gone up and the bar is getting higher. It is challenging and stretching... it is like stepping into the big shoes of (N.R. Narayana) Murthy and Nandan (Nilekani)”
S. Gopalakrishnan, CEO, Infosys Technologies, in The Economic Times

“I was told that I must have put the B in BRICs to make the acronym sound better”
Jim O’Neill, Chief Economist, Goldman Sachs, in Newsweek

“Everytime a medicine is given, people have considered it to be bitter but, at the end of it, they have turned out to be healthier”
Y.V. Reddy, Governor, Reserve Bank of India, to Agencies

“I don’t think India’s ride is going to be one smooth upward slope, and sometimes, the bumps that come along may represent wonderful opportunities”
Ajay Relan, former Managing Director, Citi Venture Capital International (India), who is launching his own $700-million India Fund, in Mint

“If the dollar continues to strengthen and the political situation (regarding Iran) improves, then long-term oil prices will be about $78”
Chakib Khelil, OPEC President, to AFP

“We have not bought new LPG cylinders for almost one year now due to a cash crunch, (and so) we do not have equipment to give new connections”
Sarthak Behuria, Chairman, Indian Oil Corporation, in The Times of India

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