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.
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.
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.
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.
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.
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.
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.
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.
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.