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from India Insight:

South Indian masala remakes no longer a sureshot Bollywood hit

Once considered a permanent fixture on the yearly slate of most production houses, the masala film, a hodgepodge of romance, action and comedy that revolves around a flawless hero, is slowly losing its sheen among Bollywood audiences.

Box-office figures for such films during the last six months suggest that they have missed expectations. This includes the returns on Salman Khan’s latest release “Jai Ho”, a film that has earned the star -- credited with the return of these films -- his lowest opening in cinemas yet.

Mostly remakes of campy south Indian films that rely on loud dialogue, garish dance sequences and a healthy dose of morality delivered amid much violent action, the genre faded during the 1990’s and the early years of the last decade.

Khan helped return the genre to Bollywood with 2009’s “Wanted” (a remake of the Telugu-language film "Pokiri"). He followed it up with “Dabangg” the following year, then “Bodyguard" and “Ek Tha Tiger”, both of which went on to break records at the box office despite being panned by critics.

from India Insight:

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

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.

from Counterparties:

MORNING BID – The prime directive

So, it's been a few days. Which means the markets have hit that point in the Star Trek episodes when the Klingons were temporarily short of torpedoes, which gave the Enterprise crew time to suss out what was going on.

Some of the missiles were fired. Big rate hikes from Turkey and South Africa, that followed a rate hike from India, and a few conclusions are inescapable:

from MacroScope:

Shock now clearly trumps transparency in central bank policymaking

The days of guided monetary policy, telegraphed by central banks and priced in by markets in advance, are probably coming to an end if recent decisions around the world are any guide.

From Turkey, which hiked its overnight lending rate by an astonishing 425 basis points in an emergency meeting on Tuesday, to India which delivered a surprise repo rate hike a day earlier, central banks are increasingly looking to "shock and awe" markets into submission with their policy decisions.

from India Insight:

Analysts remain positive on India’s IT stocks after 2013 rally

India's information technology services businesses will continue to benefit from improving client demand from developed countries in 2014, pushing stocks higher after a stellar performance last year, analysts told India Insight.

India’s No. 1 IT services exporter Tata Consultancy Services (TCS) and its rival Infosys beat analysts’ expectations in their financial results that were released earlier this month. They also raised their sales growth forecasts on signs of improving economies in the United States and Europe.

from India Insight:

Interview: AAP’s Yogendra Yadav defends Delhi protests, blames media

By Aditya Kalra and Sankalp Phartiyal

Senior Aam Aadmi Party (AAP) member Yogendra Yadav on Wednesday defended his party’s protest against the police on the streets of New Delhi and blamed the media for "unsympathetic" coverage.

Arvind Kejriwal, the leader of the AAP, or "common man’s party", ended his planned 10-day "dharna" after two days on Tuesday.

from India Insight:

Catching them young to revive India’s glorious hockey past

It’s just after sunrise on a foggy winter morning in north India. Most people are snuggled up in quilts, but a group of teenagers with hockey sticks is out on the field. The ragtag bunch chasing a ball in Khera Garhi village, about 20 kilometres from central Delhi, shares a dream -- to play in India’s field hockey team.

It’s an unusual dream in a country obsessed with cricket, but one that former national player Rajesh Chauhan hopes to foster among youngsters across India. Chauhan, 37, played for India during the second half of the 1990's and set up the Jai Bharat Hockey Academy in 2011 to try to restore Indian hockey to its former glory.

from Expert Zone:

India Markets Weekahead: It’s time again for an election year ‘rally of hope’

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

Despite a volatile Friday, it was a good week for the markets and saw the Nifty close about 90 points higher at 6,261, with sentiment supported by better-than-expected quarterly results and benign inflation data.

The few earnings that disappointed investors seemed to affect specific stocks without having a bearing on either the sector or the markets.

from India Insight:

Interview: Congress session will lead to changes – Sachin Pilot

After years in the shadows as a reluctant heir-apparent, Rahul Gandhi is set for his own tryst with destiny, to lead the ruling Congress party in elections due by May that it has only a slim chance of winning.

Reuters spoke to Sachin Pilot, the country’s corporate affairs minister, on the Congress party's strategy for the 2014 election, Rahul Gandhi’s style of working and the rise of the Aam Aadmi Party (AAP). Responses have been lightly edited for clarity.

from India Insight:

In pursuit of the perfect lehenga in Delhi’s Chandni Chowk

Each evening, after pulling their shutters down, sari salesmen in Delhi’s Chandni Chowk market sit down for three hours to fold their wares: embroidered, embellished saris and lehengas that customers browsed all day.

Lehengas, embroidered and pleated long skirts, are serious business in Chandni Chowk, a busy Mughal-era market whose name means “moonlit square”. Despite numerous boutiques and malls opening across New Delhi, the old wedding market has kept its charm, its customers and its business.

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