India Insight

Sesa Sterlite, Bajaj Auto top Sensex losers this week

The BSE Sensex posted a third consecutive weekly fall, closing nearly 1 percent lower amid persisting worries over the slowdown in foreign investors’ buying into Indian shares.

Data shows FIIs sold shares worth $9.5 million on Thursday, snapping a 32-day buying streak as minutes from the last U.S. Federal Reserve meeting showed a decision on tapering its bond-buying programme may be taken at one of its next few meetings.

In the coming week, investors will keep an eye on July-September GDP data and fiscal deficit numbers for the April-October period. Here are the top Sensex losers and gainers of the week:

 

LOSERS

SESA STERLITE: Shares in the Vedanta unit closed 8.7 percent down this week making it the worst Sensex performer. It was the third consecutive week of losses for Sesa Sterlite.

On Nov. 12, the Supreme Court maintained a 14-month ban on iron ore mining in top producing state Goa. Sesa Sterlite, which is India’s leading private-sector mining firm, would be the biggest beneficiary if mining resumed in Goa.

Movie Review: Gori Tere Pyaar Mein

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

In Punit Malhotra’s “Gori Tere Pyaar Mein”, a woman with no medical training deems it fit to deliver a baby; an architect who hasn’t worked for years thinks he’s capable of building a bridge (who needs engineers?); and rich, privileged people feel better about themselves when they throw money at poor children.

Director Malhotra’s attempt at making a “feel-good” romance has characters that are as hollow and fake as the film’s screenplay. The heroine, an NGO worker, espouses causes from AIDS to land-grabbing to making documentaries about sex workers, but feels no remorse when she cheats her way out of a traffic jam to get to a wedding on time.

There are stereotypes aplenty. The people of Tamil Nadu state only eat idlis and vadas; the Gujaratis only eat dhokla for dinner; and they all speak with pronounced accents. Diya (Kareena Kapoor) is the do-gooder heroine, flitting from one cause to the other. Sriram (Imran Khan) is an aimless and self-centred young man, who lives off his parents, and does not understand Diya’s need to play the Good Samaritan.

Obsessed Rajnikanth fans get their own cinematic tribute

The scene is in a theatre in Chennai. The lights go off and the screen flickers. The first images appear on screen, and the crowd goes nuts — jumping in their seats, screaming incoherently. There is pandemonium, and the movie hasn’t even started.

The object of this frenzy is a 62-year-old, balding man, known to his legion of fans as Anbu Thalaivar (beloved leader) — Rajnikanth, aka Shivajirao Gaikwad, a former bus conductor who is arguably India’s biggest film star.

People who don’t know Indian cinema beyond the concept of Bollywood are unlikely to know who Rajnikanth is. He is by far the brightest star in a constellation of actors in the many centres of regional-language films in India. West Bengal, Tamil Nadu, Karnataka, Kerala, Maharashtra, Assam and Punjab are among the Indian states that feature a rich historical and contemporary cinema, usually in their people’s local languages, especially for the benefit of the millions of Indians who speak little or no Hindi.

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.

The teenaged character Raju Rai, who lives in Mumbai, will tap into the ancient Hindu belief of chakras or centres of energy in a human body. He and a scientist develop a suit that activates these mystic wheels, giving superpowers to Raju, who fights crime in India’s financial capital.

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.

In an interview from California on phone, Stan Lee tells India Insight how his latest creation has him all excited, why he thinks the digital age is no threat to comic book characters and why his superheroes are not cardboard characters.

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.

(Also read: Indian superhero should have been created long time ago – Stan Lee and Stan Lee bets on India for latest superhero success)

Mumbai police look to Bollywood for image makeover

Mumbai’s police department has deployed an unusual strategy to revamp its sagging reputation and to counter criticism that it hasn’t done a good job at solving crimes against women in the city – it called the biggest game in town and asked for help.

Top city police officers, including the police commissioner, have asked Bollywood producers, directors and writers to portray them in a more positive light than they usually do.

While films like “Ardh Satya” spoke of the pressures and frustrations of policemen, many mainstream films, which have the most reach, aren’t kind to the force. The police also have asked the studios to change how they portray the women in their films, hoping that this would cause men to behave better toward women.

Rumours trigger panic-buying of salt in northeast India

Rumours of an impending salt shortage led to panic-buying in India’s north-eastern states and parts of West Bengal state on Friday, officials and media reports said, with a kilo of salt being sold for as much as 200 rupees ($3) compared to average retail selling prices of about 20 rupees (around 35 cents).

Witnesses reported people queuing up at grocery stores to stockpile salt packets, with several shops running out of the usually cheap and plentiful product a day after similar rumours surfaced in Bihar state.

On Thursday, the Bihar state government said that there was abundant supply of the condiment after panic-buying in several districts and state capital Patna following rumours of a reduced supply from Gujarat state, India’s biggest producer of salt.

Movie Review: Ram Leela

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

The lovers in Sanjay Leela Bhansali’s “Ram Leela” are a bundle of contradictions. They speak of posting pictures on Twitter in the same breath as they speak of murder, blood and age-old rivalries. They have the mindset of urban Indian youth while living in Gujarat’s remote Kutch region in an environment where hate festers, people don’t think twice about shooting at a child and the rule of law doesn’t stand a chance. Meeting these people in the real world would be next to impossible.

Yet, they seem to fit right into the make-believe world built by Bhansali. There are gardens with peacocks flitting about, palatial houses, and breathtakingly beautiful costumes. Every scene, every song, every frame is lit up, awash with the inherent drama the film-maker brings to his projects when he’s at his best.

In “Ram Leela”, you might see snatches of “Devdas” and “Hum Dil De Chuke Sanam”, but this not a demure love story by any means. Unlike Bhansali’s earlier films, where love had spiritual tones, and was equated with sacrifice, this one is all physical and in the moment. Ram and Leela cannot keep their hands off each other, and the fact that they belong to feuding families seems to heighten their passion.

Doctors seek home-grown deterrents in India’s diabetes fight

From yoga and fenugreek powder to mobile messaging, diabetes experts in India are searching for local and cost-effective methods to fend off the disease as it affects ever more numbers of people in the country.

India is home to more than 60 million diabetics, a number that the Research Society for the Study of Diabetes in India (RSSDI) estimates will cross 85 million in 2030, or nearly 8 percent of the country’s population today.

Among the reasons for the rising number of cases is an increasing tendency toward sedentary lifestyles that have accompanied growing economic prosperity, as well as genetic predispositions in a country already known for its sweet tooth.  Doctors told India Insight that in 1975 — when India’s GDP was around $100 billion — only about 1.5 percent of its population had diabetes. Today’s percentage is more in line with developed nations such as the United States at 8.3 percent and France at 5 percent.

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