Clinging to the wreckage

Article Abstract:

The Indian banking industry has been wracked by a large securities scam which was unraveled at the end of Apr 1992. Law enforcement groups in the country, such as the Central Bureau of Investigation, were implicated in the scam. The securities fiasco involved the investing of fraudulently raised money in the stockmarket of Bombay. The money came from banks which granted loans without collateral to people who presented to them fake receipts. Citibank N.A. and Bank of America are two of the foreign banks that are reportedly involved in the scandal.

Commercial Banks, Security brokers and dealers, Banking industry, Cases, Crimes against, Securities industry, Ethical aspects, Crime, Securities fraud, Corporate corruption

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Detergent wars: Indian soap maker takes on multinationals

Article Abstract:

Soap manufacturingin India has been characterized by tussles between Hindustan Lever, an Indian subsidiary of the British detergent makers and Karsanbhai Patel's Nirma brand. The latter is seen as a success story wherein a small local enterprise was ableto challenge the multinational one by providing quality at the right price. However, cut-rate pricing has also been imitated by other small scale endeavours. The entry of Procter and Gamble has further complicated the situation.

Soap and other detergents, Soap and cleaning agents industry, Cleaning agents industry

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Fizz fights: India's soft-drinks market is treacherous

Article Abstract:

The difficulty of carving out and retaining a solid niche in the growing Indian market is best illustrated by India's soft-drinks industry. In particular, the experience of Pepsi illustrates the treachery of the market which comes in the form of protectionist policies and government delaying. At present, a domestic duopoly exists between Parle and Pure Drinks. Other foreign brands have tried but most have paid.

Bottled and canned soft drinks, Economic aspects, Soft drink industry

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