Word: mumbai
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...festive season, a time when shopkeepers' profits soar amidst the gift-giving and all-round revelry tied to Hindu holidays like Dussehra and Diwali. Last week however, some 7,000 small shopkeepers, street vendors and traders shuttered their businesses to gather in the district of Azad Maidan in south Mumbai (formerly Bombay). Carrying placards saying SAVE SMALL RETAILERS, they forewent the day's earnings in order to march in protest against big national and international chain stores like Reliance Retail and Wal-Mart, who the shopowners say are threatening their livelihoods...
...managing director of Reliance Industries, told shareholders at the annual general meeting last week, adding that resistance to big retail would abate once benefits begin to show. Another conglomerate, the $4.5 billion Mahindra Group, announced plans to enter the organized retail fray on the same day as the Mumbai protest. India's government, in a possible attempt to placate its leftist partners, has commissioned a study on the impact of organized retail on small stores to come up with measures to help them cope. As Guruswamy points out, "organized retail is the future, we can't keep...
...trying different roles - as Khan did in Chak De India. Producers are also more willing to bet their money on innovative scripts, in part because of an interesting change to the way Indian films are financed. Traditionally, a big part of Bollywood's funding has come from the Mumbai underworld laundering its ill-gotten gains. To try to assure profits, underworld backers insisted on tried-and-tested formulas. But with liberalization of the economy, producers now have legitimate means of raising film finance; big production houses such as UTV and Adlabs have recently raised money by listing on the stock...
...Solitude of Emperors by David Davidar is the more straightforward of the two. Davidar's narrator Vijay, a journalist, recounts the story of the first few years of his career working for the Indian Secularist, a tiny journal in Mumbai. After the bloody anti-Muslim riots of 1992, Vijay is sent by his editor to a mountain tea town where a religious shrine threatens to become the rallying point for another bout of violence. The novel is both artful rhetoric and page-turning thriller. Davidar, the former head of publishing giant Penguin's India operations (and now Penguin...
...want to get a sense of the potential of India's car industry, count the country's motorbikes. Buzzing along Mumbai's crowded highways, standing outside modest homes in rural villages or packed into the parking lots of Bangalore software firms, motorbikes and scooters currently outsell passenger cars more than 6 to 1. As the country's booming economy pulls millions of people into the middle class, the first vehicle most people buy has two wheels, not four...