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Slum tourism or reality tours, opinion is split
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Livemint.com
Shekhar Saini points to a small juice shack lined with bananas, apples and oranges. He then directs the eyes of his Australian tourists to the flattened cardboard boxes laying on top of the small stand on a platform in the New Delhi railway station. “That’s where some of the street kids sleep at night,” he says loudly over the drone of a train rumbling into the station. “You have to be clever when you live on the street.”
India on two propellers
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Livemint.com
Equity markets usually hold a mirror to the real economy around them, other than during mad episodes of irrational exuberance. A quick look at the Bombay Stock Exchange’s benchmark index thus tells us a lot about how the Indian economy has changed over the past five years.
NTPC decides on a new power exchange with its old partners
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Livemint.com
India’s largest power generation company, NTPC Ltd, after having fallen out with the National Commodity and Derivatives Exchange of India (NCDEX) in the creation of a second electricity trading exchange in the country, is all set to form a new platform along with National Hydroelectric Power Corp. Ltd (NHPC), Tata Consultancy Services Ltd (TCS) and Power Finance Corp. Ltd (PFC).
Helion closes second fund with backers from Asia, Europe
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Livemint.com
Venture capital firm Helion Venture Partners has closed its second fund with a corpus of $210 million (Rs850.5 crore), 1.5 times more than its first fund of $140 million that has more than half been distributed among a dozen investee companies.
Global markets: a sectoral analysis
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Livemint.com
The crash in global equity markets has been across almost all sectors, with very few exceptions. Data from the MSCI Barra sector indices show that the only industry group that has shown positive returns this year (data till 7 March) has been the materials group. This group is up 0.5% in emerging markets.
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