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.

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

In an interview with India Insight, Devarajan defines his strategy and ambition for the newest superhero on the block. Edited excerpts:

How did Chakra happen? How did Stan Lee get involved?
I have had the great honour of knowing Stan for a number of years now and consider (him) a great mentor and friend. When I first started Graphic India, I went to Stan and his business partner Gill Champion for advice and shared with them our goal to spark a creative renaissance in the area of character entertainment bringing together creators from east and west to create new characters and heroes that would not only inspire Indian audiences but hopefully also speak to audiences around the world. I asked Stan if he would be interested in working with me and the amazing team of young Indian writers and artists at Graphic India to create a new superhero and he instantly saw the potential to take his unique brand of storytelling into a new market and do something unique.

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.

Real estate offers lure some Indian buyers

For around a year, Girish Kale was flirting with the idea of buying his dream house. His budget of 3.5 million to 4 million rupees ($56,000-$64,000) wasn’t going to work for Mumbai, where the kind of house the auto industry professional wanted would cost upwards of 10 million rupees.

Kale, who currently lives in a rented flat in Kandivali suburb, turned instead to Pune, a university city 150 kilometres away, with a plan to opt for a so-called 80:20 payment scheme. Such schemes allow the buyer to pay 20 percent of the property’s cost initially and the remaining amount on possession after construction.

However, when the Reserve Bank of India issued a directive on Sept. 4 restricting some of these schemes, Kale’s broker put them on the back burner. The central bank’s directive might have disappointed buyers, but some still want to invest in property.

“Maybe when in six months I would like to get married … my expenses will go up. That is why I was interested in 80:20,” said Kale, who is still on the lookout for a similar offer that will fit his budget. “It will be difficult but still I will go for it. I want to invest in real estate … if I delay it for maybe one or two years further, the price will go up”.

Markets this week: Sensex loses 2.7 percent, SBI falls 7.5 percent

Hurt by profit-taking in blue chips, the BSE Sensex posted its worst weekly decline since August as it lost 2.7 percent in a holiday-truncated week.

On Thursday, shares were hurt after ratings agency Standard & Poor’s said it will review the rating of Asia’s third-largest economy after the new government lays out its policy agenda next year. The agency’s outlook on rating remains negative.

However, Goldman upgraded its view on India to “marketweight”, with a Nifty target of 6,900 points. The investment bank noted optimism over political change is trumping economic concerns.

Indian women get a new look, with some help from Pernia Qureshi

In a country where styling has not always been recognized as a worthy craft, Pernia Qureshi has put her profession at the forefront of Bollywood fashion.

Qureshi styled actress Sonam Kapoor for 2010′s “Aisha“, ushering in trendy outfits paired with designer handbags that overshadowed the film, a modern-day take on Jane Austen’s “Emma“.

Styling suddenly became serious business and the 28-year-old Qureshi found herself a pioneer in India. The Indian film industry woke up to the trend, shedding its garish costumes, and hiring stylists to mould a more glamorous image for Bollywood’s A-listers. Other celebrities followed suit.

Equity mutual funds record best monthly performance since Jan 2012

India’s diversified equity funds posted their best monthly performance since Jan 2012 as the benchmark Sensex scaled record highs in October, with bets on sectors such as banking and capital goods boosting mutual fund returns.

Such schemes, which form the largest category of equity funds in India by number and assets, rose 9.2 percent on average, mirroring returns on the 30-share BSE Sensex, data from fund tracker Lipper, a Thomson Reuters company, showed.

The Sensex hit an all-time closing high in October — and went on to touch a life high on Nov. 1 ahead of the Diwali weekend — bolstered by foreign inflows of around $3.5 billion after the U.S. Fed decided to delay stimulus tapering.

India’s mission to Mars at a glance

India’s Mars Orbiter Mission, the country’s first interplanetary foray, is billed as a pathfinder to test technologies to fly to orbit and communicate from the Red Planet. It follows India’s successful 2008-2009 Chandrayaan-1 moon probe, which discovered water molecules in the lunar soil.

Here are some facts about the project:

    One of the objectives is to develop the technologies required for design, planning, management and operations of an interplanetary mission. The mission aims to explore Mars surface features, morphology, mineralogy and search for methane in the Martian atmosphere using indigenous scientific instruments. Payloads on the satellite include instruments for studying the atmosphere, particle environment and surface imaging. These include the Lyman Alpha Photometer, a methane sensor, a composition analyser, a camera and an imaging spectrometer. The Polar Satellite Launch Vehicle will launch the 1,337 kg Mars Orbiter satellite as part of its 25th mission. The satellite is scheduled to reach the Mars orbit in September 2014 and is designed to circle the Red Planet in an elliptical orbit of 366 km X 80,000 km. The total cost of the Mars mission is $73 million.

Source: Reuters, Indian Space Research Organisation. More info here

(Editing by Tony Tharakan; Follow Shashank on Twitter @shashankchouhan and Tony@tonytharakan. This article is website-exclusive and cannot be reproduced without permission)

Pricey onions mean more tears for businesses, public

By Anupriya Kumar and Arnika Thakur

Onion prices recently reached 100 rupees per kilogram ($1.62) in some parts of New Delhi. It is hard to emphasize enough how prices like that are hurting businesses and the public. Onions are one of India’s staples, and people consume 15 million tonnes of them a year. Now, many people can’t afford to buy as many as they need – or any at all.

The government’s efforts to ease the price, which has quadrupled in some cities in the past three months, are unlikely to succeed. Heavy rains have reduced crop yields and delayed harvesting. Now, the average price of onions in India is 83 rupees per kilo, Delhi Chief Minister Sheila Dikshit said in an interview with Reuters published on Wednesday.

Here’s how the people are reacting to the “onion crisis”. (We have edited responses for clarity)

Interview: Sheila Dikshit on elections, rise of Modi and Kejriwal

By Aditya Kalra and Shashank Chouhan

The emergence of Arvind Kejriwal’s Aam Aadmi Party (AAP) as a credible contender in the Dec. 4 state election in Delhi has not dampened the Congress party’s confidence, its chief minister Sheila Dikshit said on Tuesday.

Dikshit, 75, who has been chief minister of India’s capital since 1998, spoke to Reuters at her official residence about the upcoming elections, the rise of Kejriwal and the Bharatiya Janata Party (BJP) under Narendra Modi.

Here are the edited excerpts from the interview:

Opinion polls show that the Aam Aadmi Party (AAP) will eat into your vote share this time. What is your view?
I have nothing to say. All these polls that are being conducted I think are somewhere in the air, they don’t reflect reality because nobody has made up their mind. How do I vote for the Aam Aadmi when I don’t even know what the Aam Aadmi stands for. It has jhadoo (broom) which they say is going to sweep everything away, but what are you going to do? With the Congress, at least you have 15 years of work to show.

Uncompromising Kejriwal won’t support any party if Delhi gets hung assembly

(This article is website-exclusive and cannot be reproduced without permission)

The Aam Aadmi Party has up-ended the calculations of the Congress and the Bharatiya Janata Party in the race for control of New Delhi in one of five state assembly elections later this year.

Party leader Arvind Kejriwal is an uncompromising anti-corruption crusader who has tapped into a vein of urban anger after a string of breathtaking graft scandals.

(Click here for main story)

Reuters spoke to Kejriwal at his New Delhi office about the state assembly election in December and his plans to root out corruption. Here are edited excerpts from the interview.

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