Hiroshi Mikitani is holding a glass of red wine and chatting up a clique of Silicon Valley tech execs at a swanky party for Pinterest, one of the hottest startups in social media.

FORBES: Mission Impossible: How Rakuten Billionaire Hiroshi Mikitani Plans To 'Beat Amazon'

Meanwhile, red tape is holding up dozens of applications to build new generating plants that might compete with Enel.

ECONOMIST: Enel’s not-so-new look | The

Prof Sen blames India's notorious red tape for holding up funds.

BBC: India's ancient university returns to life