India Insight

More pilgrims mean more trouble for shrines in north India

June 28, 2013

Nestled in the Himalayas, Uttarakhand attracts increasing numbers of visitors every year. Between 2001 and 2010, the number of visitors to the state rose nearly 200 percent to 30.3 million. With major Hindu shrines located in the state, about 70 percent of the tourists who visit the state visit religious sites. That is a worrying sign for ecologically fragile areas such as Kedarnath – a small temple town located 3,583 metres (11,755 feet) above sea level and almost entirely washed out in recent flash floods.

India’s love for gold and the government’s efforts to curb it – a timeline

June 28, 2013

Google Trends shows that the term “current account deficit” is among top searches from India in 2013. Add “gold” as a comparative keyword and the searches for the commodity Indians love are far higher.

Metal stocks top underperformers in 2013; outlook mixed

June 28, 2013

Shares of Indian metal companies are going through a rough patch in 2013 as a slowing economy at home coupled with rising input costs and weakness in Europe hurts demand.

Tracking Sensex: Top losers, gainers of the week

June 21, 2013

Indian shares ended in the green in three of five trading sessions but jittery market reaction to the U.S. Federal Reserve’s announcement of a gradual end to its $85 billion bond-buying stimulus took the BSE Sensex down 2.1 percent for the week. The broader 50-share Nifty lost 2.4 percent.

Kejriwal’s party gears up for Delhi polls with election reforms

June 20, 2013

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

The Aam Aadmi Party (common man’s party), led by bureaucrat-turned-activist Arvind Kejriwal, is gearing up for state-level polls in Delhi this year with an array of candidates chosen for their honesty.

Death toll in Uttarakhand monsoon floods crosses 150

June 19, 2013

Thousands stranded in parts of northern India awaited rescuers on Wednesday as floods caused by heavier-than-usual monsoon rains killed at least 150 people in worst-hit Uttarakhand.

Tracking Sensex: Top losers, gainers of the week

By Reuters Staff
June 14, 2013

By Ankush Arora and Aditya Kalra

Gains of 1.9 percent on Friday helped the Sensex recover some of its losses but the benchmark still ended down 1.3 percent for the week. The index ended in the red for three of five trading sessions this week.

Markets struggle: At least 100 stocks hit 52-week low on NSE

June 13, 2013

Indian markets struggled in trade on Thursday with the Sensex falling more than 200 points while the Nifty sank over 50 points. Weak Asian markets also weighed as the Nikkei slumped more than 800 points on worries the U.S. Fed would trim its stimulus programme in the coming months.

Fitch revises India outlook; recent views of other rating agencies

June 12, 2013

Fitch Ratings revised India’s sovereign rating outlook to “stable” from “negative” on the back of measures taken by the government to contain the budget deficit, it said in a statement on Wednesday. The rating agency had cut India’s outlook to negative in June 2012 and currently has a BBB- rating for the country.

The biggest losers in India’s economic slowdown

By Shailesh Chitnis
June 6, 2013

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