Trying To Hold Down Holidays...

In April, 99-year-old Moraji Desai, Indian Prime Minister for two years in the 1970s, passed away. As soon as word of his Monday morning death got out, companies, banks, and government offices shut down. They stayed closed through Wednesday out of respect for Desai. On Thursday everything remained shut--it was a Jain religious holiday. And Friday was Good Friday, another public holiday in India.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.