When she was a village branch manager in eastern India, she was quick to grab a screwdriver to fix power outages. Now, as the most-powerful woman in Indian finance, Arundhati Bhattacharya must tackle the highest bad-loan ratio among India’s 10 largest banks.
ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar says it doesn’t seem so long ago that she was worrying that she wouldn’t be able to handle her job at what’s now India’s largest nongovernment lender while managing her household and caring for her infant son.
India’s Prime Minister Manmohan Singh sought negotiations with workers to avert a planned strike this week as 11 trade unions across the political spectrum called for protests against issues including rising prices and the government’s sale of state assets.
Coal India Ltd.’s employees plan to go on an indefinite strike should the government proceed with a plan to raise 200 billion rupees ($3.7 billion) selling shares in the world’s biggest producer of the fuel.
Nitin Kale spent 12 hours a day machining asbestos sheets to fulfill his dream of saving enough money to get married. Instead, the 25-year-old is in jail charged with stabbing three managers at the factory where he worked, a bloody clash in India’s growing labor wars.