Ramalinga Raju has apparently suffered a heart attack. So, the usual trend of VIPs in jail suffering from a heart attack continues. So, nothing new there and nothing much to comment about. All I would like to say is that I do not agree with the overall condemnation of Raju ... the kind of massive avalanche of criticism that he had to face when he admitted to falsifying Satyam's accounts. People were being too sanctimonious, I thought. I want him to get the credit for building a successful IT company from scratch — a company that has generated direct employment for some 50,000 youngsters and many more if you consider all the trickle down effects of that. In other news, car sales in India in August have zoomed according to industry data. This is very much a counter-cyclical trend in the global automobile industry. The industry is is decline in much of the world. So, global automakers are all making a beeline to the Indian market which is basically the only game in town. This upstrea...
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