India’s diversified equity funds posted their best monthly performance since Jan 2012 as the benchmark Sensex scaled record highs in October, with bets on sectors such as banking and capital goods boosting mutual fund returns.
Such schemes, which form the largest category of equity funds in India by number and assets, rose 9.2 percent on average, mirroring returns on the 30-share BSE Sensex, data from fund tracker Lipper, a Thomson Reuters company, showed.
When Dhruv Khandelwal started working as an equity research analyst after finishing his MBA in the United States, he wanted to start an Indian financial services website. That changed when Khandelwal and his friends ran out of beer on a Sunday afternoon.
Letsbuydrink.com, a website launched by Khandelwal six months ago, offers imported alcoholic beverages for sale in India. The website has 2,000 registered members and averages monthly sales of 150,000 rupees ($2,460).
Politicians are becoming the Super Mario Brothers equivalent for Indian video gamers as 2014 election fever starts to settle over the country.
Software developers have been developing all kinds of new games and apps in recent years as Indians increasingly shift to smartphones of companies such as Samsung, Apple, Micromax and Karbonn. Now politics has crept into the mix.
Rising costs and a slowing economy haven’t darkened the mood of wedding photographers in India. More couples than ever are willing to spend thousands of rupees on photo albums, pre-wedding shoots and videos, allowing photographers to take a bigger slice of India’s $30 billion weddings business.
“People are willing to spend more money now compared to what they were spending three years back,” said Delhi-based photographer Vijay Tonk, who charges around 100,000 rupees for clicking pictures at a two-day function, 10 times more than what he charged in 2010. “It’s a status symbol now to spend money and have good (pictures).”
When Prakash Tilokani started taking pictures at the age of 16, he had no clue that one day he would be the man behind the lens at India Inc’s weddings.
From selling pictures at 20 rupees (32 cents) each in 1984 to charging at least 300,000 rupees ($4,800) for a day now, it’s been an eventful journey for 47-year-old Tilokani, one of India’s most famous wedding photographers.
Assurances from the police and a new anti-rape law have done little to make the streets of New Delhi safer for women, especially for those using public transport, interviews conducted by the Reuters India Insight team show.
The December incident, in which a 23-year-old trainee physiotherapist died two weeks after she was gang-raped in a moving bus, raised questions over women’s safety in India and sparked debate over how men treat women all over the country.
In December last year, a 23-year-old trainee physiotherapist died two weeks after she was gang-raped and mutilated in a moving bus in Delhi, raising questions over women’s safety in the capital and sparking debates over their treatment in India.
Here is a timeline of key events in the case:
December 16: A 23-year-old trainee physiotherapist is beaten, raped for almost an hour and thrown out of a moving bus in New Delhi by six people. Her male friend, a software engineer, is beaten with a metal rod.
The BSE Sensex lost 3.75 percent in August, its worst monthly performance since February, as worries over foreign outflows were exacerbated by the rupee that fell to record lows.
India’s current account deficit and a struggling economy still worry market participants. Data showed on Aug. 31 that June quarter GDP grew at 4.4 percent, below analysts’ estimates.
When Aparupa Ganguly visited South Africa in 2007, the country’s topography and wildlife made such an impression on the communications professional that she couldn’t wait to come back. Ganguly got her wish six years later – thanks to a stable rand.
Foreign-bound Indian travellers such as Ganguly are realizing that holidaying in countries such as South Africa and Australia offers value for money as their currencies have been largely stable in recent weeks and haven’t appreciated as much against the rupee, when compared to the dollar or the euro.