April 14, 2010
"The financial system must provide our companies with the instruments they need to manage foreign currency risks at reasonable cost"
— Prime Minister Manmohan Singh at the Reserve Bank of India’s Platinum Jubilee celebrations
"We will make India the export hub for LG. This market will lead our global innovation and new development"
— Moon Bum Shin, MD, LG Electronics India, in The Economic Times
— Timothy F. Geithner, US Treasury Secretary, to Agencies
"The current system doesn’t limit risky behaviour by 'shadow banks', that are perfectly capable of creating a banking crisis"
— Paul Krugman, Nobel Prize-winning economist, in The New York Times. Shadow banks are non-banking institutions, the ranks of which have swelled between 2000 and 2008.
"It is an extraordinary company (HUL) and has a great leadership team. It is one multinational that has identified itself with India"
— N.R. Narayana Murthy, Chief Mentor, Infosys, on whether his resigning from Unilever Plc’s board had anything to do with the company facing a tough time in India, in Mint
The most successful businessman is the man who holds onto the old just as long as it is good, and grabs the new just as soon as it is better.
— Lee Iacocca