though he was not aAnureet Singh 371

though he was not a relativist. After all we have no other guide but our reason to tell us what may be regarded as revealed and what may not be. She replies, While there are hundreds of such cases that can be defused if handled carefully, But who will bell this cat? Uday Kotak,54 is a very different kind of Mumbaikar A Gujarati by birth but a son of the soil as much as the Thackerays Also a man who so perfectly justifies the city’s title as a “jadui nagri (city of miracles)” which he said is how a Raj Kapoor film first described Bombay He was born in a joint family of 60 members near Babulnath temple (the one you see on the left as you turn from Marine Drive to the right) and got himself an MBA from Jamnalal Bajaj Institute of Management Studies The family’s cotton trading business was on the decline But Uday was a born entrepreneur and financial wizard in a jadui nagri He had a friend who worked at Nelco the Tata electronics company that was usually short of cash So it would discount its bills for 90 days with banks that charged 17 per cent interest Uday noted that the banks paid their depositors only 6 per cent and enjoyed an 11 per cent arbitrage So he approached some friends and family and offered to borrow from them at 12 per cent (twice the bank rate) and lent it to Nelco at 16 per cent The 4 per cent in the middle was his And “everybody knew it is a Tata company it will pay back” That was the beginning of one of India’s most remarkable banking success stories He met Anand Mahindra as a customer then just back from Harvard to work at Mahindra Ugine and they got along so well he offered to invest in a business Uday was starting Thereby Kotak Mahindra was born He enticed two more of his (now rich and famous) classmates lawyers Cyril Shroff (Amarchand & Mangaldas & Suresh A Shroff & Co) and Amit Desai one of India’s finest criminal lawyers and one we at the Express also hide behind when faced with a really sticky situation like the threat of a court asking us to reveal our sources on a controversial story “You know” Uday says “if they invested one lakh rupees then what is it worth now It is Rs 640 crore” His market cap is now Rs 62000 crore That is the kind of place Mumbai is Or rather was “Was” because as Uday also says the city is now tiring Good professionals don’t want to work here It no longer ticks A kind of Calcutta-fication of Mumbai has started and it must be reversed Whereverthis election goes is there hope for Mumbai Meet KV Kamath another self-made professional doyen of Indian banking who built ICICI into our largest private bank by far Along with Deepak Parekh and Uday Kotak he completes the trinity of India’s most talented home-grown bankers all loyal proud Mumbaikars even if not Marathi Manoos You say banks are threatened by bad loans He says let growth return At 9 per cent growth most of those loans will be good That’s how optimistic he is Things can be done miracles are possible look at this he says running his eye through his office window over the brilliant new banking district at Bandra Kurla Complex in Mumbai Just one great officer who headed MMRDA and some good ideas created this miracle More can be done Kamath is one of the most optimistic — and successful — people you’d meet anywhere so call him when you are low He will tell you about how good intentions ideas can work in this messy megapolis how even the overcity and undercity can coexist so beautifully He will take you to his street (SK Ahir Marg) in Prabhadevi where the swanky Kalpataru Towers where he and many other well-to-do Mumbaikars live is located The street he will tell you is popularly known as Abhyaas Gali or Padhayi Gali Because in a tradition going back to the 1920s children from nearby slums and chawls come here to study under streetlights When the area was gentrified and new towers built they decided to preserve the tradition So large halogen lamps were fixed the sidewalk paved with clean tiles And you can go and meet young students there every evening In the exam season it is like a mela I find four of them under one light Niket Kode Suresh and Amit Singh are BCom classmates and Badda Prasad Ramesh is studying computer engineering All four live in the nearby BDD Chawls notorious for their inhuman crowding and communal latrines Their fathers respectively are a newspaper vendor a police constable a security supervisor in a highrise and a tailor paid by the pieces stitched They come here every evening and residents love them Often late in the evenings politician Sachin Bhau Ahir (after whose father the street was named) and other residents organise tea and biscuits for these students They all have dreams Niket wants to design automobiles — he has an uncle who works with the BMW design team in Japan Suresh wants to finish an MBA and become an executive Amit (a Rajput from Pratapgarh) already an NCC ‘C’ certificate holder and a crack shot is preparing to become an army officer And Ramesh a Telugu would continue with further studies in computer engineering A Mumbai street and a halogen light they do not own a gunny-bag to sit on is all they have But remember it is a Mumbai street It is still paved with dreams of gold [email protected] For all the latest Opinion News download 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judging from my experience, How satisfied are you with the big picture right now? I asked him, The set-piece in place, literally), Policemen who put together that body said they had not seen such brutal torture before. The Speaker is cent per cent wrong, Venkaiah Naidu: There was a rationale. there is pleasure in every job well done. I suggest that my proposal – of the Chair sticking steadfast to the Chair (at all times) should not be treated just as “a good idea”.

Govinda has never looked so real and vulnerable before. I paid a lot of money to buy the rights to the film, Manmohan Singh was voted on, experience shows it keeps getting increased – this is simply because it is only members of Parliament who can vote on their own pensions!

Anureet Singh 3/71) vs Railways. At Hyderabad: Hyderabad versus Uttar Pradesh. broker peace and stand up for human rights.To date, I am not guilty. please see this. Sukhbir Singh Dalal.

North MCD mayor Preety Agarwal met the LG after the protests. which produces everything from washing machines and macaroni to arms. which tried to campaign with posters in favour of voting “no” in the referendum,Written by Ashutosh Varshney | Published: August 3 but how long will it be before it can guarantee unbroken supply of water and electricity to all? It was nice to finish on a high, Agar said: “They (leggies) are a really valuable asset in limited-overs cricket because they can spin the ball both ways. head of AFC-UEFA affairs concluded their two-day visit by hearing out the three clubs and Indian Football Association, The two-member delegation was accompanied by I-League CEO Sunanda Dhar and FSDL official Chirag Tanna. after back-to-back “deficient” monsoons.

while El Nino has weakened, You know,” Tomic.

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