Sankalp's Feed
May 29, 2015

Laborers toiling in Indian heat wave say have little choice

GURGAON, India (Reuters) – In India’s upmarket “Millennium City”, laborers building luxury homes say they have little choice but to toil in the extreme heat, despite government warnings not to venture outside after this week’s heat wave killed 1,700 people.

“How do we cope up with the heat? We have to raise kids and so we have to work even though it’s hot. Otherwise what will our children eat?” said 38-year-old bricklayer Sunder in Gurgaon, a satellite town near Delhi where the offices of several multinational companies are located.

May 29, 2015

Labourers toiling in heat wave say have little choice

GURGAON, India (Reuters) – In India’s upmarket “Millennium City”, labourers building luxury homes say they have little choice but to toil in the extreme heat, despite government warnings not to venture outside after this week’s heat wave killed 1,700 people.

“How do we cope with the heat? We have to raise kids and so we have to work even though it’s hot. Otherwise what will our children eat?” said 38-year-old bricklayer Sunder in Gurgaon, a satellite town near Delhi where the offices of several multinational companies are located.

May 28, 2015

ONGC sees new subsidy rules boosting first-quarter profit

NEW DELHI (Reuters) – India’s top energy explorer Oil and Natural Gas Corp(ONGC.NS: Quote, Profile, Research) said on Thursday it expects current-quarter profit to be boosted by an interim rule change on discounts offered by upstream oil companies to state retailers.

ONGC, majority-owned by the Indian government, reported net profit down nearly a fifth from a year earlier to 39.35 billion rupees ($616 million) in its fiscal fourth quarter to March 31, missing analysts’ estimates averaging 54.91 billion.

May 28, 2015

India’s ONGC sees new subsidy rules boosting first-quarter profit

NEW DELHI, May 28 (Reuters) – India’s top energy explorer
Oil and Natural Gas Corp said on Thursday it expects
current-quarter profit to be boosted by an interim rule change
on discounts offered by upstream oil companies to state
retailers.

ONGC, majority-owned by the Indian government, reported net
profit down nearly a fifth from a year earlier to 39.35 billion
rupees ($616 million) in its fiscal fourth quarter to March 31,
missing analysts’ estimates averaging 54.91 billion.

Apr 29, 2015
via India Insight

Amish Tripathi on his new book “Scion of Ikshvaku” and retelling the Ramayan

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The gods must be pleased with Amish Tripathi. After all, the author’s first three books on Shiva, the Hindu god of destruction, have sold more than 2.2 million copies and made him a household name in India.

Tripathi, 40, has undergone two transformations, one possibly more profound than the other. He’s a former banker and a former atheist. Now he’s a believer and a writer. And, as he said to me when I interviewed him two years ago, he has many more story ideas. If they do run out, he said, he could return to the corporate world.

Mar 3, 2015
via India Insight

India can become world’s fifth-largest economy by decade’s end: Jim O’Neill

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Jim O’Neill, who coined the term BRICs to highlight emerging economic powerhouses Brazil, Russia, India and China, said India’s budget lacked a “wow” factor but was good enough to push the country on a path of 8 percent growth or more “for a long time”.

The former Goldman Sachs economist also said India was likely to replace Brazil as the second-largest BRICS economy (“S’ for South Africa, which was later added to the group) in the next couple of years and could become the world’s fifth-largest economy by the end of the decade.

Feb 17, 2015
via India Insight

A look at India’s last five annual budgets

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The countdown has begun for the biggest business and economic event of the year – the release of India’s annual budget on February 28. Finance Minister Arun Jaitley is under pressure to unveil reforms that will put the country’s economy on a path of 7-8 percent growth over the next two years.

With the BSE Sensex gaining nearly 30 percent in 2014 and about 6 percent so far this year, investors are eagerly awaiting reforms in the budget, which is being billed as a “make-or-break” event for the government of Prime Minister Narendra Modi.

Feb 3, 2015
via India Insight

Cheap MPV may not be the + Datsun needs to GO ahead in India

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Nissan Motor Co Ltd hopes to boost its low-cost Datsun car brand in India with a new compact multi-purpose vehicle, or MPV, but the Japanese automaker might need to make inroads into smaller cities and the countryside if it wants to revive sales.

Last month, Datsun unveiled its second offering, a seven-seater, in a country where three generations often live under the same roof and spacious sports utility vehicles are pricier.

Nov 5, 2014
via India Insight

Sensex breaches 28,000, but BHEL, Tata Steel still down from life highs

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The BSE Sensex surged to a fourth straight life high on Wednesday, breaching the psychologically important 28,000 mark as banking shares continued their rally on hopes of a rate cut by the Reserve Bank of India (RBI).

The benchmark has now gained 31.86 percent in 2014.

But the bull run has not benefited all stocks. Twenty six Sensex components were away from their life highs on Wednesday with some power and metals stocks trading fairly lower than their all-time high levels.

Sep 26, 2014
via India Insight

And Then One Day: Naseeruddin Shah on his memoirs and life

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It’s difficult to hold back your surprise when Naseeruddin Shah, one of India’s foremost art house actors, says the film industry doesn’t interest him greatly. In a career spanning almost four decades, Shah has worked with Dadasaheb Phalke Award-winning director Shyam Benegal and James Bond actor Sean Connery, won acclaim for his movie roles and continues to dabble in theatre.

But Shah wasn’t exactly a child prodigy. His grades were the poorest in class and his teachers thought he would “find it difficult to amount even to a small bag of beans,” he writes in his memoir “And Then One Day.”

    • About Sankalp

      "Joining Reuters in 2011 was a new beginning. It was a history student’s initiation into the world of business and market news. In my day job as an Online Producer, I manage business content for the Reuters India website. I keenly follow Indian politics, love to watch movies and have a talent for bathroom singing. Follow me on Twitter @sankalp_sp."
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