Online Producer, New Delhi
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May 16, 2014

Modi on brink of power as India vote count begins

NEW DELHI, May 16 (Reuters) – Counting of votes began on
Friday after India’s mammoth election, which could usher in the
most profound economic change in a generation if opposition
leader Narendra Modi wins a clear mandate for his agenda to
revive growth and create jobs.

At 8:00 a.m. (0230 GMT) the Election Commission began
tallying the 537 million votes cast over five weeks from the
shores of the Indian Ocean in the south to the Himalayan
foothills in the north.

May 8, 2014

India rejects WHO report saying New Delhi has worst air pollution

NEW DELHI (Reuters) – India on Thursday rejected the findings of a World Health Organisation (WHO) study that ranks New Delhi as the world’s worst city for air pollution, with government scientists saying the U.N. agency had overestimated levels in the capital.

A WHO study of 1,600 cities released on Wednesday found air pollution had worsened since a smaller survey in 2011, putting city-dwellers at a higher risk of cancer, stroke and heart disease.

Apr 25, 2014

Unable to vote, “Mumbaikars” vent anger at authorities

NEW DELHI (Reuters) – Angry voters in India’s financial capital of Mumbai turned to lawyers and social media on Friday to vent anger at election authorities, a day after thousands were reportedly unable to cast ballots due to irregularities in the voting lists.

Mumbai voters were among the 180 million people who were registered to vote in the sixth phase of India’s mammoth general election on Thursday, but many were unable to cast ballots when their names were not found on the electoral lists.

Apr 25, 2014

Unable to vote, ‘Mumbaikars’ vent anger in India’s financial capital

NEW DELHI (Reuters) – Angry voters in India’s financial capital of Mumbai turned to lawyers and social media on Friday to vent anger at election authorities, a day after thousands were reportedly unable to cast ballots due to irregularities in the voting lists.

Mumbai voters were among the 180 million people who were registered to vote in the sixth phase of India’s mammoth general election on Thursday, but many were unable to cast ballots when their names were not found on the electoral lists.

Apr 4, 2014
via India Insight

Bandhan eyes India’s banking league with RBI licence

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Kolkata-based Bandhan Financial was little known in India’s corporate arena. But a new banking licence from the Reserve Bank has given Managing Director Chandra Shekhar Ghosh and his 13,000 employees a reason to cheer.

“This is a different type of win. In the last 13 years they (employees) have been working hard and now they have got the recognition,” said Ghosh. “I hope that this is not a big challenge, the challenge is to develop the skills of the staff, it will take some time.”

Apr 1, 2014
via India Insight

Revised India tax code proposal targets foreign companies, wealthy people

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Companies with as little as 20 percent of their global assets in India could find themselves facing tax bills in deals involving their domestic units under changes to the tax code that the government proposed on Tuesday.

The government’s Direct Taxes Code 2013 recommended the change along with a new income tax bracket that would require rich people to pay higher taxes.

Apr 1, 2014
via India Insight

Dharavi’s once-booming leather industry losing its edge

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A busy street in Asia’s largest slum Dharavi leads to a quiet lane where Anita Leathers operates its colouring unit. As children play near shops that sell everything from mobile phones and garments to raw meat and sweets, the mood at the leather unit is sombre.

The leather business is one of the biggest contributors to the Mumbai slum’s informal economy, estimated to have an annual turnover of more than $500 million. About 15,000 small-scale industries, spread over an area of 500 acres, deal in businesses such as pottery, plastic recycling and garment manufacturing.

Mar 7, 2014
via India Insight

Investors fear for their deposits after Sahara chief’s arrest

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The arrest of Sahara chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back.

One of them is Anil. The 30-year-old travel agent put his 200,000 rupees ($3,276) in another investment scheme offered by Sahara, which bills itself as “the world’s largest family.” He fears that the case could hurt his investment.

Feb 5, 2014
via India Insight

Interview: DC Design mulls IPO to raise up to $24 million in 2014

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Indian automotive design and modification firm DC Design is considering an initial public offering this year to raise about 1 billion to 1.5 billion rupees ($16 million-$24 million) to expand its operations, its founder said in an interview on Wednesday.

The company would consider filing for an IPO among other ways to raise capital after its Avanti supercar goes on sale later this year, Dilip Chhabria told India Insight at the Delhi Auto Expo in Greater Noida.

Jan 31, 2014
via India Insight

Organised players, growing acceptance boost India’s used car market

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One would expect the former head of India’s No. 1 car maker to drive a glitzy new SUV or an imported luxury car, but Jagdish Khattar thinks differently. The industry veteran who spent 14 years at Maruti Suzuki now buys only second-hand cars and drives a used Volkswagen Passat.

Rich people buy new cars, intelligent people buy second-hand cars,” said Khattar, the founder of Carnation Auto, a service and used-cars company he started in 2008 after leaving Maruti. The used car market, he said, is the future of automobiles.

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the Reuters.com India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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