TO FIND RAJEEV PIRAMAL, the 35-year-old boss of Peninsula Land, you go down a drive in deafening Parel, an up-and-coming business district in Mumbai that used to be the centre of the textile industry. A new tower block is zooming up on one side, and nets hang overhead to guard against falling debris. Mr Piramal's office is in an old mill building whose steel pillars are stamped with "Blackburn", the English town where they were forged long ago. This is a place where corporate death and rebirth is happening in real time; where derelict factories and workers' tenements are being demolished to make way for trading floors and media outfits with ping-pong tables in their lobbies.
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