India Insight

Interview: BJP’s Harsh Vardhan slams AAP-Congress alliance in Delhi

January 6, 2014

By Aditya Kalra and Sankalp Phartiyal

India’s Congress party and the upstart Aam Aadmi Party (AAP) entered an “unholy alliance” to share power in Delhi following state elections in the national capital, the chief ministerial candidate of the Bharatiya Janata Party (BJP) said in an interview on Dec. 31.

Equity funds underperform Sensex for first time since 2008

January 3, 2014

India’s diversified equity mutual funds rose in 2013 but underperformed the broader markets for the first time in five years, as returns were dampened by the losses in the mid- and small-cap shares as well as financial companies.

Business of new and worn banknotes thriving in Delhi

December 10, 2013

Rakesh Kumar is not like most of the street vendors in Old Delhi. The hand-painted sign on his wooden counter, “exchange damaged, old notes,” reveals a different story. He sells money.

Reactions from India to the death of Nelson Mandela

December 6, 2013

Nelson Mandela, who emerged from 27 years in apartheid prisons to help guide South Africa to democracy, died on Thursday.

India state elections: Exit polls give BJP the upper hand

December 6, 2013

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.

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

December 4, 2013

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.

Equity funds outperform in November; smaller shares rise

December 3, 2013

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.

India’s political parties pump up the radio volume

November 29, 2013

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.

Stan Lee bets on India for latest superhero success

November 20, 2013

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.

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

November 20, 2013

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.