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How reality loses to momentum?

Truth prevails is an old adage that seems to be losing its relevance in the current sentiments. Still I am confident that "Truth shall prevail". Hopefully, sooner than later. The case in point is the investor confidence in the stock market. Indian markets are aping the performance of the stock markets of developed world. In fact, the possible loss in indices is reasonably predictable in the last few weeks based on what happened on the previous day in Europe and US. Are the situations similar? Are Indian businesses facing the same situation as companies in western world? Are Indian corporate giants going bust like crackers in Diwali? Have companies of great repute and history in India have filed for bankruptcy? Has any company in India reported loss of sales (top line) in double digits and evaporation of profits? Slowdown yes. How bad is India? Is it comparable to West? It has baffled me as to how convenient has it been to be infected with "western sentiments" virus ...
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Food court in a mall on Sunday

I had visitors from hills over the last few days and my better half has been coaxing me to take them out for a lunch and show the marvels of Gurgaon, The MALLS. I have been avoiding it like plague as going on a sight seeing trip to a mall is not my cup of (green) tea. She warned me, "tomorrow is the last day that guests are here and under no circumstances I am gonna cook sunday lunch. Enough is enough, move your heavy body and take them to the largest mall in India with 1 km of shopping on each floor". I am still not sure whether the objective was to avoid cooking, being a guide to guests at home or a clear signal to exercise to be in shape. Like a student preparing for the competitive exams, I had no choice but to listen to Ma'am. After the customary drive, wait at the security at The Mall for about 10 minutes, queue of 14 cars before me to the B2 parking, I landed at the prized mall grinning like a kid who has found a box of sweets. One went through explaining Lladro, N...
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17,000 weddings over the weekend in Delhi

Marriages are made in heaven and celebrated on earth. The timings appear to be rather odd. It has been reported that Delhi celebrated 17,000 weddings over the 4th weekend of Nov, 2008. I had the (mis)fortune of having 7 invites. All mandatory to attend. So it was a game of musical chairs and hours spent on the chaotic jammed roads of Delhi. Delhi farm houses with more than 100 food stalls at one end and 20 food stalls with at least three cuisines at the other end were decorated to meet the stringent demands of discerning friends and relatives for whom food is a yardstick of how good the marriage celebration is. Look at the recession time: The minimum guest arrangements were for 400 people and max for 2,000 people. On a little more probing, the food cost per head ranged from Rs 700 to Rs 2000 per person. Averages can be misleading but for the simplicity sake doing some basic maths Marriages 17,000 Guests@ 800 Food @ 1,000 Decoration@ 5,00,000 Jewellery@ 1,00,0...
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