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from India Insight:

India state elections: Exit polls give BJP the upper hand

By Aditya Kalra and Shashank Chouhan

The Bharatiya Janata Party (BJP) is likely to win in four of the five states that went to polls over the past month, exit poll surveys conducted by Cvoter and the India Today-ORG group showed. Such a victory will be a boost for the party and its prime ministerial candidate Narendra Modi ahead of the 2014 general elections.

The results for all the states, except Mizoram, will be announced on Sunday. Here’s what the exit polls forecast:

MADHYA PRADESH: The BJP has been ruling the state for 10 years, and exit polls indicate the party will retain power in the 230-member assembly. The Congress party’s campaign, led by Jyotiraditya Scindia, helped it improve its tally as compared to 2008, but the BJP still has the upper hand, polls showed.

The Cvoter exit poll said the BJP will win 128 seats this year, as compared to 143 seats in 2008. The Congress is likely to win 92 seats, up from 71 in the last elections. The India Today-ORG survey predicted more success for the BJP, with the party likely to win 138 of 230 seats.

from India Insight:

Connecting borrowers and lenders: Indians try peer-to-peer model

Srinivas Porika tried for months to get a loan of 250,000 rupees ($4,000) to pay for his sister’s wedding, but every bank he tried turned him down. The problem: Porika’s employer, a tech start-up company, was not on the banks’ lists of pre-approved companies.

“They were ready to give me a credit card, but were not ready to give me a loan,” said the 28-year-old from Hyderabad, who met several bank managers and officials to plead his case.

from India Insight:

Equity funds outperform in November; smaller shares rise

India’s diversified equity funds bucked the trend in the broader markets to eke out gains in November, as a strong performance by mid- and small-cap shares and sectors such as capital goods supported unit values.

Data from fund tracker Lipper, a Thomson Reuters company, showed that such funds rose only 0.21 percent on average in the month, but outperformed the 30-share BSE Sensex that fell 1.8 percent.

from India Insight:

India’s political parties pump up the radio volume

Anyone who keeps a radio turned on in India's National Capital Region knows that election fever has settled on Delhi ahead of the Dec. 4 state polls. The ruling Congress party, main opposition Bharatiya Janata Party (BJP) and newcomer Aam Aadmi Party (AAP) are betting big on radio campaigning -- a medium that reaches millions of people across economic classes and backgrounds.

Overall, about 250 million to 500 million rupees ($4 million to $8 million) have been spent on radio advertising in this year’s assembly election in Delhi – at least 200 percent more than during the 2008 state elections, Sunil Kumar of radio consulting firm Big River Radio estimated.

from Global Investing:

Revitalised West knocks Brazil, Russia off global growth Top-30

By Shadi Bushra

Yet another sign of the growth convergence between developed and emerging markets. Two  of the "BRIC' countries have dropped out of the Top-30 in a growth index compiled by political risk consultancy Maplecroft, while several Western powerhouses have nudged their way onto the list.

Maplecroft's 2014 Growth Opportunities Atlas showed that Brazil and Russia -- the B and R of the BRIC bloc -- had dropped 26 and 41 places, respectively - due to slow economic reforms and diversification.  The United States, Australia and Germany meanwhile broke into the top 30 on the  index, which evaluates 173 countries on their growth prospects over the next 20 years.

from Expert Zone:

India Markets Weekahead: Results of state elections a key driver

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Markets had been on a roller-coaster ride but closed weak for the third week in the row with the Nifty in the 5950-6000 range providing support.

A hint from the U.S. Federal Reserve on tapering its bond-buying programme was enough to spook the markets. Though this is expected in the first quarter of the new year, it remains to be seen whether chairman-elect Janet Yellen's dovish stance would postpone it further.

from India Insight:

Stan Lee bets on India for latest superhero success

Legendary comic book writer Stan Lee has someone in mind that he would like to popularize as much as his 1960s co-creation "Spider-Man": "Chakra, the invincible!" said the 90-year-old Lee, his voice booming with the excitement of a freshman working on his first project.

The American comics veteran, who collaborated on the creation of superheroes such as Thor and Iron Man, helped create an Indian superhero in partnership with Graphic India. Chakra will make his debut as an animated feature on Cartoon Network in India later this month.

from India Insight:

Indian superhero should have been created long time ago – Stan Lee

Best known for his comic book superheroes that have been adapted into big Hollywood movies, veteran American writer Stan Lee is set to make his India debut.

In partnership with Graphic India, Lee has created a TV animation feature called "Chakra - the Invincible." The teenaged superhero is based in Mumbai and taps into ancient Indian Hindu beliefs to gather his superpowers.

from India Insight:

Sharad Devarajan has big plans for Stan Lee’s Indian debut ‘Chakra’

Sharad Devarajan is no stranger to the animation and comic book scene in India. He was responsible for bringing DC Comics, Marvel and the publishing activities of Cartoon Network to the country, and worked with Marvel on an Indian avatar of the Spider-Man in 2004, the first "trans-creation." Devarajan is also launching a series on Bollywood superhero franchise Krrish.

He heads a U.S.-based digital entertainment company, Liquid Comics, which creates original graphic and animation content for various media. The company’s Indian arm, Graphic India, worked with Stan Lee's POW! Entertainment and developed the American cartoonist’s first Indian superhero, Chakra.

from Left field:

Tendulkar’s retirement a boon not a bane

While Sachin Tendulkar’s retirement may have been looked upon as the saddest chapter in Indian cricket, the fact remains that his exit can only work to the benefit of MS Dhoni’s emerging Test side.

There is no doubt about Tendulkar’s contribution to Indian cricket but as statistics show his impact was on the decline, more so in the last two years.

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