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APRIL 9, 2006
 Cover Story
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Insurance: The Challenge
India is poised to experience major changes in its insurance markets as insurers operate in an increasingly liberalised environment. It means new products, better packaging and improved customer service. Also, public sector companies are expected to maintain their dominant positions in the foreseeable future. A look at the changing scenario.


Trading With
Uncle Sam

The United States is India's largest trading partner. India accounts for just one per cent of us trade. It is believed that India and the United States will double bilateral trade in three years by reducing trade and investment barriers and expand cooperation in agriculture. An analysis of the trading pattern and what lies ahead.
More Net Specials
Business Today,  March 26, 2006
 
 
Meal-time@Mumbai

In which business today traipses through Mumbai's hallowed vegetarian dives.

TREADMILL

SKINCARE SIMPLIFIED

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BOOKEND

It isn't just coastal-style seafood that Mumbai is known for; the city has a sprinkling of old-world vegetarian eateries. Unlike their peers in other Indian cities, Mumbai's white collar pros, I-bankers, brokers, ad agency types and the like frequent these. The food is good and the service is fast. Most importantly, it is alright for the head of an I-bank to be spotted at one such restaurant, something that wouldn't have been kosher in Delhi. BT's man on the spot tries four such haunts.

MODERN HINDU HOTEL
Banana Leaf Bonanza

It is part of Mumbai's history, and there are enough captains of finance who lunch here (U.R. Bhat, who runs Dalton Capital is one). Why, of the owner's two sons, one is a VP in a multinational bank (the other is the CEO of a multinational publisher). The food is served on banana leaves, and popular enough for 250 people to head for Modern Hindu for lunch every day. Since there are only 24 covers that could mean a bit of a wait. "My old customers are Tamils," says owner A.K. Hebbar, "but now the crowd is cosmopolitan."

  • When: Founded in 1826
  • Where: Apeejay Chambers, Fort
  • What: Mangalorean
  • How much: Rs 35 (for an unlimited thali)

A RAMA NAYAK'S UDIPI SHRI KRISHNA BOARDING
Time For Lunch

Time was, Shri Krishna boarding's owner Satish Rama Nayak will tell you, when employees of the Manipal-headquartered Syndicate Bank would take the 10.00 a.m. flight from Bangalore to Mumbai so that they could land on time for lunch at the establishment. Nayak himself eats at the restaurant, and believes not changing the menu has helped. Still, when a student from a local college pointed out to the man that most of his customers were over the age of 40 he responded by launching (a couple of months ago), a for-young-snacks-only restaurant called Idli House.

  • When: Founded in 1942
  • Where: LBS Market Building, Matunga
  • What: Mangalorean
  • How much: Rs 24 (for a limited thali); Rs 60 (for an unlimited thali)

CRYSTAL ICECREAM AND SNACKS
Perfect Price Point

There is no question of increasing prices," says Kamal Khanna, the owner of Crystal, speaking of the importance of constancy in his business. Actually, little has changed at the establishment on Marine Drive; only two electric fans have had to be changed in the past 50 years. On weekday afternoons, Crystal is packed with brokers, I-bankers, advertising pros, and students. The highlight of the menu: the kheer (pudding), the recipe for which came from Khanna's wife.

  • When: Founded in 1956
  • Where: Chowpatty
  • What: Punjabi
  • How much: Rs 50 (for an unlimited thali); Rs 120 for a meal for two (a la carte)

THE FRIENDS UNION JOSHI CLUB
Home Away From Home

Formed to provide Gujarati food for the growing number of Gujaratis moving to Mumbai-India's former Prime Minister, the late Morarji Desai was a member-The Friends Union Joshi Club is a throwback to an era when Gujarati entrepreneurs ruled the roost in a city whose currency was cloth. Today, says co-owner Jeetu Purohit, "with the textile business not growing, our business has gone down." Still, as Ashok Purohit, another co-owner puts it, "the food is homely and Gujarati," and that is still a draw in Mumbai.

  • When: Founded in 1945
  • Where: Kalbadevi Road
  • What: Gujarati
  • How much: Rs 70 (for an unlimited thali)
 

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