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Protest at Tata Plant Evidence of Indian Identity Crisis
At a price of just $2,500 each, Tata Motors Ltd.’s (TTM) Nano was billed early in its development as the world’s cheapest automobile and the only car that was both affordable and practical enough for India’s quickly burgeoning middle class. But the car that was emerging as a bright symbol of middle-class opportunity in fast-growing India could now epitomize something much darker: The human cost of rapid industrialization.
Company officials this week disclosed that the Nano might not debut next month as originally planned, because violent protests have erupted at the automobile’s main production site.
It’s a conflict that pits traditional Indian values against…
5Sep2008 | Money Morning | 1 comment | ContinuedThe Start to the Convergence Revolution
Nanotech/Biotech Convergence and Opportunities Accelerating
Not that long ago, the media were full of warnings that Big Pharma was running out of steam. Patents were expiring, and not enough new candidates were in the pipeline to keep them profitable.
We don’t have much interest in Big Pharma here. Big pharmaceutical companies simply don’t yield really dramatic returns. Usually, it takes a small-cap or startup to do that. Until recently, the odds were stacked against small companies, due to the costs of drug approval, which have become enormous.
Regulators may have the right motives, but bureaucracies are necessarily risk averse. Approving a drug that ends…
25Jul2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in India: Tata takes charge
Tata Motors (TTM: NYSE) debuted its entry for the cheapest car in the world this week. The Nano, a two-seater that runs for an enviable 54 miles per gallon of gas, will cost Indian customers only INR 1 lakh (100,000 rupees or $2,556).
The car is stripped down to say the least. It doesn’t have airbags or air conditioning, and you can just imagine sitting in Mumbai traffic in the middle of summer without air conditioning. The car doesn’t have a radio or a passenger-side mirror. But it will get drivers where they want to go, even if they arrive sweat-drenched…
14Jan2008 | Stephanie Grimmett | 1 comment | Continued
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