India Insight

Real estate offers lure some Indian buyers

November 14, 2013

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.

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

November 8, 2013

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.

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

November 7, 2013

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.

Equity mutual funds record best monthly performance since Jan 2012

November 5, 2013

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.

India’s mission to Mars at a glance

November 5, 2013

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.

Pricey onions mean more tears for businesses, public

October 31, 2013

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.

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

October 30, 2013

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.

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

October 29, 2013

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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.

Liquor retailers toast online model in India

October 17, 2013

When Dhruv Khandelwal started working as an equity research analyst after finishing his MBA in the United States, he wanted to start an Indian financial services website. That changed when Khandelwal and his friends ran out of beer on a Sunday afternoon.

Stamp collecting stages quiet comeback in India’s digital era

October 11, 2013

Rajjesh Mittal spends 20 minutes each morning placing bids for postage stamps on eBay. The IT entrepreneur began flirting with philately, or stamp collecting, two years ago, and has become such an ardent collector that he wants to demonstrate his love for postage by getting a tattoo of independent India’s first commemorative postmark.