{"id":266035,"date":"2019-03-25T05:01:46","date_gmt":"2019-03-25T05:01:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266035"},"modified":"2019-03-25T05:07:23","modified_gmt":"2019-03-25T05:07:23","slug":"jet-crisis-to-fortis-feud-how-indias-crony-capitalist-edifice-is-creaking","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-crisis-to-fortis-feud-how-indias-crony-capitalist-edifice-is-creaking\/","title":{"rendered":"Jet crisis to Fortis feud: How India&#8217;s crony capitalist edifice is creaking"},"content":{"rendered":"<p>A smug, entitled business class driven by greed and hubris, but sorely lacking in resources to legitimize their control. I could be describing the India Inc. of today \u2013 or 1959. Nothing much has changed.<\/p>\n<p>Jet Airways Ltd., India\u2019s oldest surviving private-sector airline, is about to crash land. Founder Naresh Goyal neither brought in enough new equity of his own to rescue the debt-laden carrier, nor did he allow a timely sale to suitors who wanted the business, albeit without him. Jet may yet survive, but it\u2019s touch-and-go. Or take the country\u2019s second-largest hospital chain, put into the trauma room by its founders\u2019 Rs 4 billion ($56 million) fraud. Fortis Healthcare Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A smug, entitled business class driven by greed and hubris, but sorely lacking in resources to legitimize their control. I could be describing the India Inc. of today \u2013 or 1959. Nothing much has changed. Jet Airways Ltd., India\u2019s oldest surviving private-sector airline, is about to crash land. Founder Naresh Goyal neither brought in enough new equity of his own to rescue the debt-laden carrier, nor did he allow a timely sale to suitors who wanted the business, albeit without him. Jet may yet survive, but it\u2019s touch-and-go. Or take the country\u2019s second-largest hospital chain, put into the trauma room [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-266035","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266035"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266035\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}