Professional Documents
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Eminent speakers
NEW ON SCREENS A thriller about a missing cocaine shipment, a wistful animated film on a manga legend, Nida
AHEAD
T
weaves five of Tatsumi’s short stories he Beru Art and Cultural
into its narrative. The animation work Foundation, in collabora-
was done at Infinite Frameworks Stu- tion with the Aravani Art
dios in Batam, Indonesia. (MUBI) Project and Adavi-Parai Musi-
cians, is presenting the dance
production Taala Tamate. Cho-
reographed by Dayanand Akh-
ilesh, it’s centred on the tamate
(also known as parai), consid-
ered to be one of the oldest
instruments in India. The col-
laborative show aims to throw
the spotlight on the hand drum
that is an integral part of festi-
vals and celebrations in south
India but is not accorded prom-
inence in mainstream music.
The show will feature an
THE VILLAGE ensemble of parai players,
In Michihito Fujii’s film, a waste recy- transgender artists and contem-
cling plant looms over the picturesque porary dancers.
Kamonmura village, once renowned At the Samsa Bayalu Ranga
for Noh artists. Yuu (Ryusei Yoko- Mandira, Sampangi Rama
hama), who works on the landfill, is Nagar, Bengaluru, 24 June, 7pm;
ostracised because of his father’s crimi- tickets available on Insider
nal past. (Netflix)
O
Detective Won-ho (Cho Jin-woong) ne of the most eye-
joins hands with a drug dealer to catch opening experiences for
Lee, the head of a drug cartel whom SECRET INVASION food enthusiasts is find-
nobody has ever seen or met. A 2018 A renegade group of the alien race ing similarities with dishes from
Korean remake of Drug War (2013), known as Skrulls has stealthily other regions. The Kebab Quest,
watch it for the late Kim Joo-hyuk, who manoeuvred itself into positions of an ongoing festival at The St
plays the psychotic drug lord. (Netflix) power on Earth and is now looking Regis Mumbai, has specialities
to consolidate. Avengers patriarch from Lebanon and different
Nicky Fury (Samuel L. Jackson) regions of India and will perhaps
must team up with Skrull ally Talos help curious diners discover
(Ben Mendelsohn, seen previously how kebabs connect them all.
in Captain Marvel and Spider-Man: The festival is on at three restau-
Far From Home) to stop the rants—Sette Mara (7-11.30pm),
invasion. This series will consist of The Sahib Room & Kipling Bar,
six episodes and slots into Phase and Seven Kitchens (both
Five of the Marvel Cinematic noon-11.30pm)—in the hotel.
Universe. Co-starring Kingsley The dishes include Chicken
Ben-Adir (Peaky Blinders) as the Koobideh (minced chicken
leader of the invasion, Olivia POLITE SOCIETY kebab), at Seven Kitchens, and
Colman (The Favourite, The Crown) Ria (Priya Kansara) spends her time and energy making martial arts Subz Shikampuri flavoured with
as an MI6 agent and Emilia Clarke reels in the hope of landing a job as a stuntwoman. When her Kashmiri saffron at The Sahib
(Game Of Thrones) as Talos’ sister’s marriage is fixed with an eligible doctor, Ria is instantly Room & Kipling Bar. The festival
daughter. (Disney+ Hotstar) suspicious of her potential brother-in-law and his formidable is on till 30 June
mother (a delicious turn by Nimra Bucha). British director Nida — Compiled by Jahnabee Borah
Compiled by Nipa Charagi and Uday Bhatia. Manzoor’s Polite Society is a riot. (Amazon Prime, rental). and Mahalakshmi Prabhakaran.
lounge@livemint.com In Food >> Discover In Fashion >> Trends In Smart Living >> Innovation In Relationships >> It’s Complicated
@mint_lounge
@livemintlounge
ON THE COVER: PHOTOGRAPH FROM ISTOCKPHOTO; CORRECTIONS & CLARIFICATIONS: “WHAT MAKES A CITY A DINING HOT SPOT?”, 17 JUNE, SHOULD HAVE SAID CHEF MASSIMO BOTTURA WAS INVITED TO DELHI THIS YEAR BY CULINARY CULTURE, WITH THE DINNERS HOSTED AT THE LEELA PALACE, NEW DELHI. TICKETS WERE PRICED AT ₹55,555 PER PERSON, PLUS TAXES.
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FIRST Saturday, 24 June 2023
Chennai 03
A
midst the usual blizzard of here) sets impossible tasks for his three
school shootings, regres- sons so that they may keep wandering far
sive legislation and culture away from the kingdom, and, therefore,
war missives, the American get very little chance of usurping the
newspapers are overflow- throne. An impossibly small dog, the fin- White Cat, Black Dog:
ing with a freshly baked scandal. Turns est muslin coat that can pass through the By Kelly Link,
out that Harlan Crow, billionaire, promi- eye of a needle, and, finally, the bonniest Head of Zeus,
nent Republican Party donor and friend of bride of them all—for the youngest son, 272 pages, ₹1,490.
Supreme Court Justice Clarence Thomas, that last bit means a white cat he becomes
is reported to be deeply invested in Nazi attached to and insists on marrying. into Gary’s, and they have been together
memorabilia and owns statues of some of In Link’s reworking, the white cat is ever since, faithful more or less, happy
the most notorious tyrants who ever lived. preternaturally wise, talks like a human (“I more or less, a fairy tale of a romance
I had just finished watching a late-night can’t explain the mechanics of how I talk,” more or less, their friends say. How pleas-
talk show feverishly discussing l’affaire she says) and runs a marijuana dispensary ant it is to be envied! How delightful when
Crow when I picked up Kelly Link’s latest along with her workers, who are all biped Prince Hat still surprises Gary but only in
collection, White Cat, Black Dog. cats skilled at healing and agriculture. I ways that do not threaten to capsize their
The first story, The White Cat’s Divorce, won’t spoil the twist ending—and it is a comfortable life.”
introduces us to a megalomaniacal bil- twist, even for those familiar with the orig- In a similar vein, this tender and wise
lionaire in this unforgettable way. “He had inal fable—but I will say that it is a deeply aside from The Girl Who Did Not Know
so many houses even his accountants satisfying one for modern and pre-mod- Fear talks about the plight of introverts
could not keep track of them all. He had ern sensibilities alike. who find themselves becoming unwitting,
private planes and newspapers and politi- Similarly, The Game Of Smash And ersatz psychoanalysts for all and sundry.
cians who saw to it that his wishes became Recovery is a Hansel and Gretel remix “(…) my face has said, all of my life, ‘I will
laws. He had orchards, islands, baseball where the siblings have been left on an listen to your story.’ Pity the introvert with
teams, and even a team of entomologists alien planet among vampires and “hand- the face of a therapist or a kindergarten
whose mandate was to find new species of maidens”, slippery creatures of power teacher. Like the werewolf, we are uneasy
beetles to be given variations on the rich and well-disguised malevolence. Simi- in human spaces and human company,
man’s name.” larly, the Swedish folk tale Prince Hat though we wear a human skin.”
The bit about “politicians who saw to it Under The Ground is reinterpreted as As that last line shows, Link is very, very
that his wishes became laws” seems such Prince Hat Underground here; the pun In Kelly Link’s short story, Hansel and Gretel have been left on an alien planet. ISTOCKPHOTO good at the paragraph-ending clanger—
a perfect, folk-tale-friendly method of referring to the fact that the denouement lyrical and powerful conclusions to ideas
explaining the alleged Crow-Thomas-Re- to Link’s story takes place in hell, liter- piece of paper; the narrator takes this to be exceptional events, one often finds radical she has built brick by brick in the prece-
publicans nexus to the lay reader. And ally. It is an example of the “search for the a homophobic slur, not understanding the observations on gender, matrimony and ding pages. And as White Cat, Black Dog
therein lies the artistry of Link’s works; lost husband” archetype among folk pre-modern context of the word. societal conventions. This aspect, too, is proves once again, nobody since Angela
her “updates” of folk tales, fairy tales and tales, which Link has wrapped around This is just one of the sly, super-cool honoured by Link in style. Sample this Carter has reanimated folk tales the way
oral storytelling traditions combine the the sweet, eccentric love story of two gay ways in which Link hints at the nature of passage from Prince Hat Underground, Link has. The illustrations by Shaun Tan
kineticism of the “wonder tale” with psy- men, one of whom may or may not be a her “rewriting” exercise. This is not some which starts off on a classical fairy-tale (creator of wordless graphic novels like
chological acuity and a fiendish, distinctly faerie (the original, darker, malevolent modern-day watered down version of Much of her work has, in the note before switching sharply into brisk, 2006’s The Arrival) make for suitably
postmodern humour. Her stories are origin of the word “fairy”), a crown Grimms’ Fairy Tales. This is a seriously contemporary sociological discourse. haunting prologues to these stories as
expertly crafted, layered symphonies prince of hell. gifted writer who understands the past, carried kernels of folk “Incredible to think that, for eight full well. If you love fantasy, science fiction
where the ancient past (ghosts, vampires, In a hilarious scene from this story, the mechanics and the raison d’etre of folk tales and fairy tales. However, months, Prince Hat was a receptionist for and other genre stuff, this is a collection
talking animals) is harmonising with a narrator goes to Reykjavik in search of his tales better than most. Link knows that this is the first book where a renowned analyst. Analysis slides off you cannot afford to miss.
brave new world (gay and lesbian captains missing husband, Prince Hat. There, a these stories were often ways to get “for- Prince Hat like water off a duck engen-
of industry, sentient spaceships). bartender claims he knows Prince Hat and bidden knowledge” out in the world.
the stories are explicitly dered from dark matter. Out of the Aditya Mani Jha is a Delhi-based writer
Much of her work has, in the past, car- what he truly is. He writes “fairy” on a Beneath the simplistic metaphors and acknowledged wreckage of one life, Prince Hat climbed and journalist.
UNSPLASH/MIKA BAUMEISTER
Keynote speakers
In a country where indeed a stand-up comic “doing satire” habitual offender. The former is a type we
and then proceeded to call me an “elitist” are all familiar with—the typical urban
women are stalked and who didn’t “get it”. man about town, the tech dudebro, the
Aashish Gupta Anil Chaudhry Dr. Ravi M. Bhatkal Vinati Saraf
killed, men are posing as But what was the joke? That men don’t average Joe who has no skin in the game
Partner, Country President MD, India CEO & MD,
find matches on dating apps, so they need but confidently asserts that *insert city
violent criminals on Grant Thornton Bharat & MD India, Element Solutions Inc. Vinati Organics Ltd.
to do unhinged things like this to stand name* is “relatively safer” for women and Schneider Electric
dating apps ‘as a joke’ out? Or that girls would go for serial killers
over the boring “nice” guys? This attempt
feminists are overreacting.
He’s the one on stage at open mic
at humour is ghastly, especially given the nights, telling stale wife jokes. He’s also
Indumathy Sukanya number of women and girls stalked and the one laughing in the audience. We have
killed by men daily. learnt to live with it. So what if he thinks
L
ast week, I matched with a self-pro- As I kept swiping through the app, I nothing of getting on a public platform
claimed serial killer on a dating app. came across other men who also alluded and saying he would very much like to Amrit Acharya Annu Gupta Srinath Ramakkrushnan Rajan Anandan
He wore a thick beard and a creepy to the serial killer life, expressing a desire stalk and kill women? He’s just joking—it’s Co-founder & CEO, Partner, Co-founder & COO, MD,
wide-eyed expression. His responses to to take women on dates to remote spots satire, lady, relax! Zetwerk PwC India Zetwerk Sequoia Capital
the prompts on his profile referred to a lik- and murder them (“the halal way, don’t So how does one know the difference
ing for stalking women, holding his breath panic,” one wrote). There were those who between a man who is joking and the man
And many more...
as they pass by and climbing up pipes to had pictures of TV serial killers like Dex- who is chatting up women on dating apps
peep through their window. His ideal first ter Morgan (of Dexter) and Joe Goldberg while the last one he killed and dismem-
date, he wrote, would involve a trek to a (You) on their profiles, some with no bered sits in trash bags in his fridge? Catch the summit highlights
remote place with no witnesses. explanation, others with captions such as Because that happened.
In other pictures, he appeared to be on “my life behind the scenes”. The stand-up comedy scene in India is
stage holding a mic. Once the shock wore Has popular television gone too far notorious for its misogyny. Its biggest
off, I realised this was probably a wannabe down the road of humanising violent names have a long history of making Episode 1 - 24th June Saturday | 3:30 PM
stand-up comic, scouring for material on criminals? Are young women supposed to revolting “jokes” that hurt women, yet Watch On
dating apps because the rest of his cushy find this cool and witty? This is a serious they are lauded for being rebels who
life as a cis-het man was too dull.
It wasn’t clever. It was not remotely
red flag. A man who is flippant about the
violence women and girls face—on the
“push the limits”. So perhaps our “serial
killer” friend would fit right in. As for the
Episode 2 - 25th June Sunday | 5:00 PM
funny. It was tone-deaf and insensitive. I streets, in public transport, at educational women? It looks like we are on our own.
felt such anger, disbelief and helplessness institutions, at the workplace, in their
that I accepted his match just to tell him homes—is at best ignorant (therefore Indumathy Sukanya is a Bengaluru-
off. And when I did, he admitted he was comfortably complicit) and, at worst, a based writer and artist.
This PDF was uploade To Telegram channel_ LBS Newspaper platform (https://t.me/LBSNEWSPAPER) @LBSNEWSPAPER
04 Saturday, 24 June 2023
Chennai HOW TO LOUNGE
the bollocks
Mid-weight, non-stretch denim maxi
skirt from Reformation with a stylish
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CAP IT ALL
Distressed-Denim Baseball Cap
Channel your inner Kendall Roy
with this logo-embossed,
denim-on-denim cap from
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A still from ‘We Are Lady Parts’.
he Sex Pistols were created to sell trousers. Let that sink in. Punk rock,
DIFFERENT STROKES
Stroked Denim Pants
Denim pants with racing stripes in powder pink,
T the ultimate anarchistic anti-establishment genre, came about because
canny impresario Malcolm McLaren thought an ultra-hip clothing shop
in London’s Camden Town could do with a house band, and so he threw
together a bunch of charismatic, high-energy young men with the right
white and carbon blue on the side seams and frayed look—no musicianship necessary—to play in the store. Steve Jones, Paul
edges at the hem. Available on Abkasa.com; ₹9,950 Cook, Glen Matlock and Johnny Rotten. It was a few short months from the
store to the first ever punk rock album, Never Mind The Bollocks, Here’s The
Sex Pistols. The rest is badly behaved history.
In the rousingly entertaining series We Are Lady Parts (JioCinema), a young
woman is thrown out of a mosque after annoying elders with a Slipknot ring-
tone on her phone, and swiftly recruited into a band. True to punk, she
DRESS UP doesn’t know drumming but learns “on the job” and writes songs with lyrics
Dark Blue & Tan Denim Dress about how her headscarf frightens white people—“Does other headgear scare
Dark blue and tan dress in denim you too? A hat? Helmet? No, just you!”—all while driving an Uber for some
and pleated suede base with money. The band she’s in hasn’t been discovered, you see.
detachable denim overlay from 431- Similarly undiscovered are the talents of Amina, on the hunt both for a PhD
88 by Shweta Kapur. Available on in microbiology as well as a good husband her family and friends will sign off
Perniaspopupshop.com; ₹17,500 on. The mousy and self-flagellating narrator of this six-part series, Amina can
wield a mean guitar but is mortified at the thought of performing with it.
Audiences make her vomit. Literally. Therefore she conforms, keeping her
life as neat as her room. Posters of her favourite musicians—Don McLean
leads the pack—are inside her wardrobe while her walls are spotless. Even her
fandom is closeted.
Created and written by Nida Manzoor—making waves this year with her
smashing stuntwoman-vs-patriarchy film Polite Society (BookMyShow
Stream)—We Are Lady Parts is a predictable underdog story of a girl trying
not to hurl. It is also, however, a sweary, swaggering and culturally ground-
breaking comedy about an unlikely band of young Muslim women who
refuse to be boxed in. This is the kind of show that slags off Blink-182 in a con-
versation about three-person bands, then
PUMP IT UP drops a Blink-182 song over the clos-
NOT A PATCH Rosie Crystal-Embellished Denim Slingback Pumps ing credits.
Laser Print Patchwork Denim Jacket Designer Amina Muaddi’s signature fluted heels come “We Are Lady Parts” is an all-
Non-stretch denim jacket detailed with together with Italian acid-washed denim and crystal Muslim punk rock band. One
patchwork panelling and a laser printed design bow embellishments to create a striking pair. Available of the bandmates—Mom- STREAMING TIP
from Native Youth. Available on on Net-a-porter.com; around ₹97,000 taz, the manager—lives OF THE WEEK
Nordstrom.com; around ₹8,000 behind a niqab, wreathed Speaking of bright young women, I
Compiled by Shrabonti Bagchi. in vape-smoke, choosing guffawed hard (and repeatedly) at
to hide her face because comedian Prashasti Singh talking
of the confidence it gives about feeling sorry for Deepika
her. “Like Queen Nefer- Padukone because Ranveer Singh’s
titi,” she says, moving her energy must be exhausting first
CHEAP
THRILLS
NISHA
SUSAN
I
passed by a bus stop this rainy morn-
ing in Bengaluru and there was a tall
young woman in denim dungarees,
long-sleeved white T-shirt, glasses, a
white hairband and a serious expression.
I admired the outfit and thought of what
a good visual the women at the bus stop
made. If you have a dull party at your
home, please show this picture and add
that women in Karnataka now ride buses
free and oh my friend, popcorn and alco-
hol will totally not be necessary. Did you Women take shelter under a tree in Uttar Pradesh’s Ballia district. REUTERS
know that so many people you know are
economists, urban planners and have
PhDs in urban mass transit systems? Did
you know that these people also despise
freebies? Which is why the men are very
concerned that Karnataka’s economy
will be wrecked by a bunch of women
The Karnataka government’s ‘Shakti Yojane’ provides free bus travel for women across the state.
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This PDF was uploade To Telegram channel_ LBS Newspaper platform (https://t.me/LBSNEWSPAPER) @LBSNEWSPAPER
06 Saturday, 24 June 2023
Chennai TASTE
BUILDING DUBAI’S
ISTOCKPHOTO
BEST RESTAURANTS
TEA NANNY
The arrival of a
new tea season
Aravinda Anantharaman
S
ome time ago, Gautam, a reader of this column and a
Darjeeling tea lover, had shared a poem—an ode to the
muscatel—written by his brother, Girish. Reading it
once again today, I wonder if any other tea from India inspires
this absolute devotion. I don’t think there is.
The interiors of
This is the season of the muscatel, Darjeeling’s famed sec-
Carnival by Trèsind.
ond-flush black tea, made from bug-bitten leaves and at only
this time of the year. I do think it has been Darjeeling’s biggest
success, yet these teas are only sought out by connoisseurs.
Bhupender Nath, who desire in the seven-year-old to give his father
a restaurant “as a gift” one day.
So, what is the fuss about the second flush? Vikram Mittal
of the Delhi-based Mittal Teas, a tea store that also retails
runs multiple fine- But Nath, who says he comes from a middle- online, describes it as a complex tea that begins with a hint of
class family, knew he would be able to start a woodiness that is replaced with a fruity note, followed by an
dining spaces in business only once he had the capital. “It unexpected sweetness when you swallow.
would require ₹25-30 lakh to open a restau- If you have never been a Darjeeling-tea drinker or are used
Dubai, believes a rant. So, somebody told me if you work to milk tea or chai, Mittal recommends starting with a better-
restaurant must make a abroad, you can make money like that.”
So he worked towards getting a business
quality CTC, moving to orthodox Assam and then to Assam
longleaf, before arriving at the Darjeeling second flush. At
‘guest’s soul rejoice’ degree through correspondence and looked
for opportunities abroad. A relative intro-
each step, he suggests reducing the amount of milk in the tea
to allow for the flavours to come through.
duced him to P.K. Gupta, who ran an import- If you want to embark on a Darjeeling journey, the coming
Jahnabee Borah export business, Parco Enterprises Nigeria weeks are going to be interesting. The second-flush teas are
jahnabee.b@livemint.com Ltd, that exported chemicals and bicycle parts beginning to arrive in stores—and will continue to do so for
from India and imported steel from Ukraine. another month. If you are unsure of where to start, choose a
R
estaurateur Bhupender Nath He was hired; within six years, he was heading blended Darjeeling. Mittal offers six varieties. Your favourite
may not know how to make an the firm’s shipping and chartering arm. “But tea store very likely also carries a good second-flush.
omelette but he has cracked in the back of my mind, I knew that I had to For those already hooked on to this tea, the year is looking
the code for running open a restaurant.” promising. Divya Puri at TeaCupsFull, a retail tea brand, is
extremely successful restau- So he left Parco to start a business, African selecting teas from what he calls the “muscatel belt” between
rants. Some of them have won Michelin stars. Fish Company Nigeria Ltd, importing frozen Kurseong and Sonada, which includes the estates of Marga-
The 51-year-old entrepreneur is the force fish in Nigeria in the late 1990s. “(At that time) ret’s Hope, Castleton, Singbulli, Goomtee, Oaks and Balasun.
behind Trèsind Studio (two Michelin stars), who would think that this business could Bhupender Nath (above); and baked artichoke with roasted vegetable curry. His top two gardens: Castleton and Margaret’s Hope.
Avatara (one Michelin star) and seven-month- bring in millions and millions of dollars in Vivek Lochan of Siliguri-based Tea Swing, which also
old Aamara, which has entered the Bib Gour- turnover?” says Nath. start something different.” It meant there should please your eyes, satisfy your palate retails online, is tasting teas from Giddapahar. He’s selling and
mand of the Michelin Guide that lists restau- In 2008, Nath and his wife moved to “safer” would be no kadhai chicken served in a small and fill your stomach.” Phrases like “some- selecting the Giddapahar Muscatel and their AV2 black tea
rants with moderate prices. In fact, Passion Dubai in search of a good education for their balti and naans would not come in a bread bas- thing different” and “value for money” repeat (the AV2 is a popular clone in Darjeeling which, suffice to say,
Food and Beverage, the parent company of two young children. It was here that his dream ket. “The whole idea was to take people on a throughout the hour-long interview. connotes a flavourful tea). He has already selected teas from
these Dubai-based establishments that Nath of starting a restaurant materialised. Not with- culinary journey.” After Trèsind, Nath went on to establish Ringtong and Risheehat and has high expectations from the
started in 2014, took home the maximum out hiccups, though. This translated into one of Trèsind’s most Trèsind Studio, a casual-dining iteration, Car- estates of Jungpana, Thurbo, Okayti and Avongrove.
number of awards at the Michelin ceremony Nath secured a franchise to open an popular menu items, the 20-ingredient nival by Trèsind, a catering arm, Gala by While most gardens and buyers will focus on the classic
held in Dubai last month. Earlier this week, acclaimed, fine-dining Indian restaurant khichdi. The comforting dish comes with mas- Trèsind, a curry-focused restaurant, Maison black tea and muscatels, I am equally excited by the rule-
Trèsind Studio, a smaller version of their first there. The plan fell through a day before it was alas and condiments—papaya chutney from De Curry, and a tapas-oriented bar, A Cap- breakers. At his estates, Rohini and Gopaldhara, Rishi Saria
restaurant, Trèsind, with a tasting menu, was due to open in 2014—he refuses to say more. Gujarat, saffron from Kashmir and ghee from pella. continues his experiment with tea-making. I am looking for-
named The Best Restaurant in Middle East & Nath would open Trèsind in the same loca- Punjab—sourced from 20 Indian states and is Last year, he opened two more restau- ward to the Honey Oolong (reminiscent of the muscatel in its
Africa by The World’s 50 Best Restaurants and tion, in the same year, self-funding it. placed on a plate shaped like the map of India. rants—the slightly lower priced Aamara and bug-bitten origins but lighter than the latter) and a summer
secured the 11th rank on the prestigious list. This plan took shape after a phone call from It’s a compelling idea to demonstrate how a the sattvic, vegetarian and vegan Avatara. Car- green tea made from Japanese cultivar growing on the estate.
The story begins with Nath’s father. In the US-based chef Himanshu Saini, who wanted simple dish can be reinterpreted in a fine-din- nival and Avatara are scheduled to open in All these teas can be steeped in the classic hot brew style or
1970s, his father, along with a business to work with him. Nath, in turn, had ing format. Mumbai soon. as a cold brew. Mittal adds that the Darjeeling black tea keeps
partner, established the Pal- tasted Saini’s food at the This is in line with Nath’s philosophy that a very well, so you can hoard it for the year (store in dark airtight
ace Hotel and Restau- Masala Library and restaurant must make a “guest’s soul rejoice”. QUICK TAKES tins, away from strong flavours) to enjoy every day. This sum-
rant in Patna. “One knew he had He explains: “I started an Indian restaurant. u Fave restaurant in India: O Pedro mer, let’s drink Darjeeling!
day, I saw him immense talent. This is the kind of food that Indians who visit u A dish that reminds you of home:
crying. He had In a matter of my restaurant have at home. In fact, theirs is Litti bharta Tea Nanny is a fortnightly series steeped in the world of tea.
lost the busi- days, he perhaps better than what I can make here. So, u Fave food city apart from Dubai: Aravinda Anantharaman is a Bengaluru-based tea blogger and
ness,” says emailed a as an Indian, why would you come to my res- London writer who reports on the tea industry.
Nath, without flight ticket to taurant? I have to give you something differ-
explaining fur- Saini. “We knew ent. Plus, I have to give you value for your The writer was in Dubai at the invitation of @AravindaAnanth1
ther. It seeded a that we wanted to hard-earned money. This is my USP. The food Dubai’s department of economy and tourism.
tening it between rollers, like rice flat- Half cup chopped walnuts Half kg rolled oats
tened into poha. This variety has the Half cup raisins 1 tsp black mustard seeds
DOUBLE widest range of culinary applications
and takes around 5-10 minutes to cook.
Half cup dried cranberries A handful of curry leaves, finely
chopped
TESTED u Instant oats is obtained from pre- Method Half cup peanuts
cooked, dried and finely chopped rolled Add all the wet mixture ingredients in a Quarter cup cashew nuts
N A N D I TA oats. This cooks instantly, on soaking in large bowl and mix well. To this, add the Quarter cup almonds
IYER hot water, or takes one-two minutes in dry ingredients, except the raisins and Quarter cup flax seeds
the microwave. Instant oats mixed with cranberries. Mix thoroughly; the mix- Quarter cup sesame seeds
flavours and additives is available as ture should be damp. If it is too dry, Quarter cup thinly sliced coconut
T
he way we have embraced oats as packaged sweet and savoury instant sprinkle some more water and mix well.
top tier breakfast food, it is easy to breakfasts. Preheat the oven at 160 degrees Cel- Method
forget that it was initially grown I feel a lot of people pretend to like sius. Spread the mixture on three lined Take the melted ghee in a small bowl.
for animal feed by the ancient Greeks oats—so they can convince themselves trays. Bake for 20-30 minutes until Add the turmeric, citric acid crystals,
and Romans. Human consumption of to eat a bowl of porridge first thing in golden and crisp. If you have a smaller salt , chilli powder and mix well. Put all
oats came much later. There is some the morning. It is often the most oven, then make a smaller batch or do the remaining ingredients in a large
evidence to show oats have been con- ignored thing in a hotel’s breakfast the baking in batches. Once baked to bowl. Transfer the ghee mixture over
sumed by humans since 3300 BCE in buffet, getting all gluggy, waiting to be (left) Chocolate Granola; and Savoury Spiced Granola/Oats Chivda. golden brown and crunchy (it will turn this and rub well to coat the dry ingredi-
the colder parts of Europe, where it was eaten—a tough ask when there are crisp on cooling), cool well and break ents with it. Sprinkle some water to
easier to cultivate oats than wheat. This interesting dishes like poha, vada, eggs which make oats as processed as any ChOCOlATE gRANOlA into small clusters. Combine the raisins make the mixture slightly damp to pre-
made it the grain of choice for porridge, and parathas made to order. Yet, oats other ready-to-eat packaged foods. Makes around 1.7kg and cranberries. Store in airtight jars. vent spices burning in the oven.
bread and other hearty dishes in places is one of the drivers of the breakfast French biochemist Jessie Inchauspé, Eat as is as a travel snack or with cold Preheat the oven at 160 degrees Cel-
like Scotland and Ireland. cereal category market in India. better known by her Instagram handle, Ingredients milk for a breakfast cereal, as toppings sius. Spread the mixture on two lined
The oats nomenclature can be quite According to the management con- Glucose Goddess, says oats for breakfast Wet mixture on smoothie bowls or even ice creams. trays. Bake for 15-20 minutes until
confusing. Here’s a quick explainer to sulting firm Praxis Global Alliance, can lead to glucose spikes. Half cup peanut butter golden and crisp, cool well and transfer
help you choose the variety of oats oats has seen 24% growth in the past But there are a few correct ways to get One-third cup coconut oil or ghee SAvOuRY SpICED gRANOlA / to airtight jars.
depending on what you are planning to few years, overtaking the entire break- the health benefits of oats without Half cup honey or maple syrup OATS ChIvDA Note: Only rolled oats (also called old-
cook, from least to most processed. fast cereal category. spikes in sugar level. 2 tbsp cocoa powder (This Indian chivda-inspired savoury fashioned oats) will work for these gran-
u Whole oats or oat groats is the whole Oats is often considered a superfood u Choose steel-cut oats over instant 2 tsp cinnamon powder granola can be eaten as is or with ola recipes.
oat grain minus the hull—it takes by health-conscious people and the and rolled. 2 tsp vanilla extract yogurt, or as part of a salad.)
around 45 minutes to cook and has the general perception is one of feeling vir- u Oats is 60% starch, so make sure you Quarter cup water Makes around 700g Double Tested is a fortnightly column
texture of cooked barley. It is good for tuous when you eat it for breakfast. The add some protein and fats, such as nut 1 tsp salt on vegetarian cooking, highlighting a
risottos, salads and soups. big brands, which have realised that butter, full fat milk or coconut milk, Dry ingredients Ingredients single ingredient prepared two ways.
u Steel-cut oats or Irish oats is the bland food will not work in their favour nuts, Greek yogurt, egg, etc. to your oats 1kg rolled oats (or old-fashioned) 2 tbsp ghee Nandita Iyer’s latest book is The Great
whole oats cut into three-four pieces—it when it comes to the Indian palate, have which slows the release of sugars. Half cup pumpkin seeds Half tsp turmeric powder Indian Thali—Seasonal Vegetarian
takes 20-30 minutes to cook. packaged a variety of savoury and sweet u Don’t add tropical fruits or dried Quarter cup sesame seeds Quarter tsp citric acid crystals (optional) Wholesomeness (Roli Books).
u Rolled oats or old-fashioned oats is flavours like masala, tomato, veggie, fruits to oats; this will increase the Quarter cup flax seeds (or chia seeds) One and a half tsp salt
made by steaming whole oats and flat- dark chocolate, blueberry and so on, sugar content. 1 cup chopped almonds 1 tsp Kashmiri chilli powder @saffrontrail
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STYLE Saturday, 24 June 2023
Chennai 07
The beauty
rituals of
bodybuilders
Muscles alone don’t win bodybuilding contests.
You need make-up and a skincare regimen too
On 2 June, Mayyur Girotra became the first Indian designer to open New York Pride, with a showcase of his prêt line ‘Aikya’.
LGBTQ+ community. We asked designers about the true meaning of inclusive fashion Dhara Vora Sabhnani
feel make-up and bodybuilding are very similar. Both boost your confidence
Manish Mishra community, as did Versace. Keratase has
brought out a limited-edition hair oil to
the list? Is there a of risk reducing the
entire queer community’s way of living I and make you take care of yourself,” says Chandigarh-based professional body-
builder Navreet Josan. Over the past weekend, she was at the convention centre
E
ach June, the LGBTQ+ mark the month, though the link to Pride into a month-long theme? in Delhi’s Pragati Maidan for the IHFF (International Health, Sports and Fitness
community around the seems tenuous. We reached out to designers who First) Expo, Sheru Classic, Asia’s largest IFBB (International Fitness and Body-
world celebrates Pride Some brands have such launches every belong to the community and asked them building Federation) Pro League and the qualifiers for Mr Olympia. But she
Month with dance parties, year; others do it occasionally, depending what Pride means to them, and whether attended the 16-18 June event as a make-up artist for five participants.
food pop-ups and parades. on the footfall the previous collection Pride-themed merchandise is a good “Nice glutes are a rage at the moment in the industry,” says Josan, 37, who’s pre-
Several designers, labels and brands start brought in and the space they want to idea. Some of the designers have shared paring to compete in a bodybuilding competition later this year. A freelance
offering rainbow-coloured clothes and occupy in a socially conscious world. a sketch that reflects their thoughts on make-up artist (she was a professional MAC artist till February 2022), she has been
accessories. For instance, this year, Cal- Fashion brands have a long list of “spe- inclusive fashion. in the bodybuilding industry for 13 years. “It’s like a Victoria’s Secret show, you
vin Klein launched a special collection of cial” days to celebrate— Valentine’s Day, need to be well groomed, and many athletes wear hair extensions too. Having a
apparel, innerwear and accessories ear- Mother’s Day, Father’s Day—so are their Manish Mishra is a Delhi-based writer well-rounded look with face make-up is important to stand out on the stage.”
lier this month to celebrate the LGBTQ+ Pride Month launches just an addition to and content creator. For you need more than defined muscles to win competitions today. So, besides
rigorous training, supplements and a dedicated diet plan, make-up, a strict beauty
and skincare regimen are also important to accentuate the body.
RUDRAKSH DWIVEDI Josan’s decade-long experience as a make-up artist helps her understand how
ride is when being called “gay” lights work on stage. For extra shine, Josan uses shine spray just before going on
EATING
THUKPA
& MYSORE MASALA UTSE SUITES & KITCHEN
I
n the late 1990s and early 2000s, if you walked up Benga-
luru’s Brigade Road, then the city’s downtown, past Rex
Theatre and the Nilgiris supermarket, you would reach
the Shangrila Bar and Restaurant serving Chinese and
Thai cuisine. Tucked in the menu were some Tibetan
dishes—never with their own name or identity. Like the (above) Momos served with chilli sauce and the pie-like ‘shabaley’; and (right) Chicken Thupka at the
chicken noodle soup. For a Tibetan, it’s simply thukpa. Potala Kitchen in Bylakuppe.
The idea of uniquely Tibetan cuisine just did not exist,
despite the very large Tibetan community that lived in And it’s not uncommon to see Indian dishes share space tea from Sikkim’s famous Temi tea estate,
and around the city. While walking on Brigade Road back at the dining table. she indulges her daughter-in-law’s love for
then, it was always easy to pick out Shangrila’s owner, In a chapter on Tibetan food in The People Of Tibet po cha. I ask her about using yak butter or a
Lhasa Dolma, because she stood out in her Tibetan chuba (1928), Sir Charles Bell, Tibetologist and diplomat, traditional churner to make it. “Mixie,” she
(dress) with mala beads on her wrists. I don’t think anyone wrote,“Variety was neither expected nor perhaps replies emphatically. And “Amul butter is best”.
ever stopped to ask what a Tibetan was doing so far from desired.” Perhaps this aspect has worked in its favour as
home. it embraces other influences. (Norzom, a content mar- THINKING TIBET
And yet, Bengaluru is home to a significant Tibetan keter in Bengaluru, tells me that a love of all things Korean I met Jangchup Lingpa in 2004, a year after he moved
community. In 1959, the Dalai Lama, Tibet’s spiritual and is now trending!) from Bylakuppe to Bengaluru. He and his family had lived
political head, escaped to India. Within weeks, tens of in Ladakh for many years. Ladakh, says Jangchup, was
thousands of his people followed him into exile, on foot. A TIBETAN IN BENGALURU familiar terrain—geographically, culturally and food- ing whatever recipes he had. The Amdo province is
Many headed south when Karnataka became the first I catch up with Lhasa Dolma two decades later. We are wise. “Thukpa was a staple,” he says, recalling childhood famous as the birthplace of the Dalai Lama and Amdowas
state, in 1960, to offer asylum. practically neighbours in Bengaluru. She still dresses in meals. “We had it with meat or with tsampa.” Thukpa is a are reputed to be excellent cooks. Tsering’s restaurant
It has been home to the largest Tibetan community in a chuba and the mala beads are still very much there. Her Tibetan broth to which meat, vegetables and even dried became Jangchup’s go-to place for a bowl of thukpa in
exile. Five settlements came up in the state, two in Bylak- home is unmistakably Tibetan, with long rows of prayer cheese, or churpi, are added. When Jangchup was 13, his Bengaluru. Today, Koramangala, where the office of the
uppe, en route from Bengaluru to Coorg, one each in Kol- flags fluttering on the terrace and at the entrance and a family moved to Bylakuppe, where his father was in chief representative of the Southern Tibetan Settlements
legal and Hunsur, in south Karnataka, and one in Mund- large altar in the living room. Lhasa Dolma—named for charge of the school. “In this hot weather, we couldn’t eat and the Youth Hostel are located, has lots of small restau-
god, in north Karnataka. Some 40 more settlements came the city of her birth—arrived in Bengaluru from Sikkim in the way we did in Ladakh. Although my mother continued rants serving inexpensive Tibetan food—drawing stu-
up across India, mostly in the north and North-East. 1976, to study. Marriage followed. Widowed young and to make thukpa once or twice a week, the dishes began to dents from the two big colleges in the area.
McLeod Ganj in Himachal Pradesh became the centre of with two boys to raise, she started managing Shangrila. change. We were introduced to rice, dal, vegetables, In 2005, Jangchup started Think Tibet, an informal
the Tibetan exile community, as the place of residence of “My son, Tseten, was around eight years old when my chicken and fish here. My mother learnt how to make platform for local Tibetans and Bengalureans to interact.
the Dalai Lama. In 2009, the estimated population of nephew came from Sikkim for a visit. That’s when I real- them…although I think our curry is more like soup.” In 2009, they organised a three-day event to mark 50
Tibetans living in India was 94,203 (Demographic Survey ised how different their food preferences were. My While his family did not view these changes as particu- years in exile and introduce visitors to facets of Tibetan
of Tibetans in Exile, 2009), with 44,523 in Karnataka. A nephew liked bland Tibetan food. My son loved biryani,” larly significant, Jangchup says, “With chicken, we take culture and politics. Amdo Tsering greeted everyone with
UNHCR survey of 2022 puts the number of Tibetans in she says. Her home was in Benson Town, in Bengaluru’s one life to feed one family while the meat of one yak can a cup of po cha and a small selection of Tibetan dishes like
India at 72,312. cantonment, and her neighbours a generous and helpful feed many.” It’s a philosophical thought, to minimise tingmo (steamed bun) and bhaktsa martsu (made with
Many of those who lived in Karnataka worked as farm- Muslim family who often looked after her sons while she harm to others. For while most Tibetans may be practis- flour, churra, or dried cheese, sugar and yak butter) and
ers, going to the cities in winter to sell sweaters. Initially, was at work. Tseten calls biryani his comfort food. ing Buddhists, they are not vegetarian, something of an daesil (the sweet rice made on special occasions). “To
the self-sufficient settlements remained fairly insulated. Lhasa Dolma would speak to her sons about their cul- impossibility in Tibet’s high altitude. For most Tibetans, share food is to share our culture,” says Jangchup. “In my
Monasteries were built, including the three main monas- ture and religion but with food, she says, it was impossible meat was the source of fat and protein. Grains, beans, a travels, I meet Indians who know nothing about Tibet.
teries of Sera in Bylakuppe, Gaden and Drepung, both in not to adapt. Today, her kitchen is not unlike any contem- few “cold-weather vegetables” like onions, potatoes, rad- Food breaks those barriers.”
Mundgod. Tibetan schools were set up. People could con- porary Bengaluru kitchen—anchored in tradition but ishes and turnips made up their diet. Yak was a singular
tinue to follow their own culture and tradition, whether culinarily an assorted mix. On any given week, family source of nourishment, for meat and dairy. In exile, buf- TSAMPA FOR TIBET
it was wearing traditional clothes, learning music, or cele- meals range from dosa for breakfast to thukpa, parathas, falo meat has come closest to replacing yak meat. In 2017, Tsering married Wangdue Dorjee and moved to
brating festivals. dal chawal, momos and biryani for lunch and dinner. On Jangchup’s classmate, Tsering Dekey, now in her late Bir, in Himachal Pradesh. Over conversations with her
Change, nevertheless, is inevitable. Language in exile trips to Sikkim, she stocks up on the ingredients she needs 30s, too made the journey to Ladakh and then to Bylak- husband, the idea of promoting traditional food came up.
has transformed, becoming a homogenised dialect. Liter- for Tibetan dishes. From her pantry, she brings out pack- uppe. “Coming to Bylakuppe opened me to another world The couple launched Tibet Foods online in 2018-19, with
ature, which existed either as religious texts or oral narra- ets of phing (mung bean noodles) and dehydrated black of food. I had never eaten such dishes. I love idli, dosa and packaged tsampa, neythuk (hand-pulled flat noodles) and
tives, is seeing modern writers who struggle with forms mushrooms from Kalimpong, tsampa (roasted barley south Indian biryani… And bonda.” The bonda, deep-fried churpi. A new addition is neyja, or nomadic barley tea. In
and script. Tibetan cuisine, rooted in the simplest of tech- powder) from Bylakuppe, and even a tea brick for po cha, batter made of rice and urad dal, tops the list of favourites the pipeline are tsampa cookies and muesli.
niques, with dishes that were already versatile and accom- or butter tea. among the Bylakuppe Tibetans. “We are tsampa eaters. Tsampa is Tibet. It’s a unifying
modating, has opened itself up to local flavours. As long back as 1000 AD, tea used to be traded for When many Tibetan youth moved to Bengaluru to dish,” says Tsering. Tsampa is also the first solid food
There is no dissonance or friction in the kitchen or at horses from Tibet. To ensure it lasted the journey, it study in colleges there in the 2000s, more Tibetan restau- given to Tibetan babies.
the Tibetan table. Nor has there been a loss of identity or would be compressed into bricks—and that became the rants began to open in the city. One of the more popular Tsampa is made from roasting barley, the one grain that
dilution of culture. In its borrowing of Indian influences, preferred style. To make po cha, a chunk is broken off the of these was Amdo Corner, a small restaurant in Austin grows well in Tibet. Washed barley is roasted gently and
the cuisine has gained a layer, a spiced layer perhaps, an brick and steeped in hot water. This decoction is churned Town that opened in 2006. milled into a fine powder—a seemingly simple but tedious
addition of sweets, more vegetables and different meats. with yak butter, salt and yak milk. While she prefers leaf Amdo Tsering had left Tibet for India in his 20s, carry- task. There is nothing striking about its appearance or
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R STORY Saturday, 24 June 2023
Chennai 09
(above) Nyima Dakpa runs an online store called Zomphel where he sells Tibetan products. He is seen here with a jar of
‘dalle’ chillies; and Tibetan ‘thentuk’, a flat noodle soup.
UTSE SUITES & KITCHEN
ISTOCKPHOTO
from the Tibetan dorje ling, or land of the thunderbolt. chilli potato chips, tsampa powder, ramen noodles, pre-
Where it originated notwithstanding, the momo is defi- mixed butter tea sachets from Thailand, Tibetan noodles
nitely a part of Tibetan cuisine. It has also been the gate- and Red Label tea. There is also a range of pickles, includ-
way to Tibetan culture for Bengalureans. “I have one ing one that Nyima makes with homegrown dalle chillies.
grouse with it,” says Norzom, referring to the momo’s pro- This range of products tells the story of how the Tibetan
liferation as fast food. In Tibetan families, the momo is not palate has changed.
a snack or a quick-fix dish. It is a meal, often made on spe- “My grandparents came from Tibet. They ate tsampa.
cial occasions, and it’s communal. In exile, my parents were introduced to Indian food. If my
mother doesn’t have rice once a day, she feels something
THE TIBETAN KITCHEN is missing. My father loves ragi mudde (a farmer’s staple
“What Tibetan dishes would you like Norzom to learn?” in Karnataka, made from finger millet and washed down
I ask Tasang. She lists daesil, bhaktsa marku and, as an aft- with bassaru, which is like a watery dal). But they also urge
erthought, chutaghi (bow-tie shaped noodles in a vegeta- my brother and me to eat Tibetan food. I feel our environ-
ble or meat soup). Norzom, who has been our translator, ment is different. Our bodies have changed. I don’t enjoy
has never heard of it. When Tasang describes it, we won- tsampa or thukpa very much,” says Nyima.
der if it’s a deconstructed momo. At the hostel, Tasang serves us laphing (a cold noodle
“Tibetan cooking is not very technical,” says Dechen roll) and milk tea. Her husband, Dorje, remembers the
Dolker, who runs the Utse Kitchen with her Kodava hus- time he lived in Tibet. He recalls a wooden cup lined with
band, Sujith Belliyappa, in Bengaluru. Utse’s menu is silver that was always tucked in his chuba, to be brought
Himalayan—but predominantly Tibetan—cuisine. The out for a serving of butter tea wherever he went. Today,
décor is Tibetan but also quite modern. As is the food the utensils have changed, tea is drunk in mugs, not bowls.
they serve. Momos are steamed in electric steamers, butter tea is
Dechen describes Utse’s menu as “born from Tibetan made with a quick whizz in the blender. Norzom points
recipes but produced as Indian- and Chinese-accented out that the stainless steel pressure cooker is now part of
dishes”. She explains that Tibetan cooking uses meth- the Tibetan kitchen.
ods such as steaming food, making stews and ageing In the early 2010s, Amdo Tsering sold his restaurant to
meat. While it may seem to be rather bland cuisine, it a compatriot and left India, embarking on yet another
would be incorrect to say there is no spice at all. “Tibet’s journey that took him even further from home. Like him,
eastern border adjoins the Sichuan province of China more Tibetans are moving westward, in yet another
and peppercorns, or yerma, flavour the dishes, while migration, seeking better economic opportunities.
those near India and Nepal will use cumin and garam “Sa thang nam,” says Tasang, when I ask her what has
masala,” says Dechen. changed in exile. Everything from ground to sky. Nyima
taste but it’s portable, keeps well, and can be had with a little of tsampa, advising me to “make it like Horlicks”, with Monks bringing tea at At Tibet Foods, Tsering plans to add a Himalayan spice speaks of going to Tibet. “When we go to Tibet…” he says.
bit of milk, water or butter tea, as a beverage, a porridge, part boiling water, part milk. It’s a very filling beverage the Namdroling to her list, one that sounds something like gonyoe, which Not “if”.
rolled into thick balls, dropped in soup, salted, sweet- that I sweeten with some brown sugar. It’s all the break- Tibetan Monastery, Tsering says is like cumin. And Tibetans who have lived Jangchup is philosophical. “Change is normal,” he says.
ened…it always lends a feeling of satiety. fast I need. Karnataka. for some years in Bylakuppe are sure to have, on their And food will change. He points out that even within
Both tsampa and thukpa are extremely versatile and can I am surprised that the momo rarely comes up in these spice rack, the Mysore Masala. Tibet, more Chinese influences have come into food,
be customised to one’s preferences. Apart from noodles, conversations about food. I ask Norzom’s mother, Tasang, The Mysore Masala, a mixture of what seems like sam- another inevitability.
meat, vegetables and cheese, you can add tsampa and if its origins are Tibetan and she insists that they are. bar powder and tamarind paste, is available online on “When you go to Tibet, will you miss rice and dal?” I ask
even momos to thukpa. It can be bland or spiced, a meal The momo stalls that line the streets of Koramangala Zomphel, started by Nyima Dakpa, a 26-year-old farmer Nyima. He thinks for a while and says: “I wish to go to
by itself or served with tingmo, or had with rice. What is every evening, however, boast of momos from Tibet, Dar- from Bylakuppe. “I sell shichak products,” he says, Tibet, to take my parents there. And when I have children,
often sold in restaurants is a single style of thukpa, often jeeling, Sikkim and Nepal, each claiming it as their own. explaining that shichak refers to settlement products and if Tibet is free, I would like them to be there, to be
thentuk, with flat noodles. If the noodles are shell-shaped, For the Himalayan communities share a culinary history sourced especially for Tibetans who have left Bylakuppe 100% Tibetan. But I am 80% Indian. There’s an emotion
it becomes bakthuk, while Chinese-style long noodles that goes back to a time when borders were drawn differ- and miss home. In recent years, many who left the camps attached to a place. It’s complicated. Rice and dal is my
make it gyathuk. With momos, it becomes mothuk; tsam- ently and there was greater interaction. For Tibetans, Sik- for college have chosen to stay in the cities or move kind of food. It represents my Indian birth.”
thuk is tsampa balls dunked in thukpa. kim is Denzong, or the valley of rice—a reference to the abroad.
In Bengaluru, Tsering’s cousin, Tasang, gives me a bag rice imported from there. And Darjeeling derives its name The products Nyima offers include the Mysore Masala, Aravinda Anantharaman is a Lounge columnist.
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10 Saturday, 24 June 2023
Chennai ZOOM
ALL MAPS, PHOTOGRAPHS FROM ‘SHAHJAHANABAD: MAPPING A MUGHAL CITY’ BY SWAPNA LIDDLE, ROLI BOOKS
Shahjahanabad—Mapping A Mughal
City: By Swapna Liddle, Roli Books,
104 pages and 1 map; ₹2,495.
Revisiting
t Bahadur Shah II seated
on a throne below the
scales of justice in the Khas
Mahal, soon after his
coronation in 1837. The
Mughal emperor is flanked
by his sons, the older Mirza
Fakhru, and the younger
Shahjahanabad
Mirza Mughal. An
attendant behind holds a
yak tail fly whisk. Painting
by Ghulam Ali Khan.
qFaiz Bazaar. By a
Rajasthani artist, c. 1840.
A
uthor and historian Swapna the book was also challenging, says Liddle,
Liddle makes a compelling adding that anybody who wants to know
point about the value of about Mughal town planning and how cit-
physical maps when we dis- ies were made will also find the book use-
cuss her new book, Revisit- ful.
ing Shahjahanabad: Mapping A Mughal The city of Delhi has seen constant
City. “Before Google Maps, when we used change, losing historical areas, buildings
to navigate the city (Delhi), we used to take and landmarks to time. Liddle says it is
the help of Eicher Maps. This was like the important to preserve monuments and
Delhi version of the British A to Z maps. I heritage landmarks, considering them
still have it in my car,” she adds. ing to the author. p Shahjahanabad and archives to study the past—and learn from
A map also forms the basis of the book The book comes with a beautiful, large its surroundings. Printed it. “Shahjahanabad, for instance, was a
Revisiting Shahjahanabad, written by Lid- pull-out replica of the historic map, a col- map, 1858. medieval city which had its own logic of
dle, along with visual curators Pramod lector’s item. Who the mapmaker was or how people lived in those days.... It was a
Kapoor and Sneha Pamneja. But this is not who commissioned it in the first place compact, walkable city. You can walk from
just any map. The centrepiece of this 104- remains a mystery. There is no “overt evi- one end of the city to another quite easily.
page coffee table book is a pre-1857 carto- dence”, as Liddle writes, only clues, which If you see what cars have done to the city,
graphic resource: a large map of Shahjaha- you come across as you go through the you appreciate the value of it (such city
nabad from the British Library (IO Maps book. planning),” she notes.
X/1659). Dated 1846-47, it is the most Liddle has broken down the map into 13 Be it the neighbourliness factor or the
detailed available cartographic record of zones—like chapters almost. Be it the Red importance of open spaces, these are
the walled city before the changes that fol- Fort, which was known then as Qila-e- characteristics of the old city we can learn
lowed the revolt of 1857. Shahjahanabad Moalla, “the exalted fortress”; Faiz Bazaar, from when we design cities today, says
was founded as the imperial capital by the known to us today as Dariyaganj; or Liddle. “In Delhi, we have not realised the
Mughal emperor Shahjahan in the mid- important historical locations like the Author Swapna Liddle says potential of a heritage city like Shahjaha-
17th century. Jama Masjid and Chandni Chowk. nabad. This is an important asset from the
While the map is missing a corner, cor- Detailing the landmarks in all these this map is one of the few point of view of tourism and heritage-led
responding to the south-eastern corner of areas, spotting and explaining architec- sources that can be used to economic development,” she adds. “I
the city, it still has a lot of interesting tural features, required years of extensive retrace areas of always feel that you can only save heritage
detail, as Liddle writes in the book. The research. “For me, the map does not stand by making it economically viable for those
inscriptions are in Urdu but can be read in isolation. The whole point of writing
Shahjahanabad that have who have a stake in it... We can’t save it on pShahjahan 1592-1666. The Mughal emperor founded the city of Shahjahanabad in the
with a moderate level of difficulty, accord- the book is that I have studied this map in disappeared completely sentiment alone.” mid-17th century as his capital.
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CULTURE Saturday, 24 June 2023
Chennai 11
A
t Air India offices and lounges
around the globe, visitors would
once be treated to paintings spe-
cially commissioned to Indian artists
such as M.F. Husain, V.S. Gaitonde, F.N.
Souza, K.H. Ara, Arpana Caur, Anjolie Ela
Akarsh Khurana (left). Menon and Jitish Kallat. A few artists
would be paid for the work, others would
get air tickets, even be flown to another
country to paint their masterpiece. The
KEEPING UP
only exception was Spanish surrealist
Salvador Dali. He got a baby elephant.
Air India, the country’s flag carrier,
which was founded by J.R.D. Tata in 1932
as TATA Airlines and became a public
WITH KHURANA
limited company in 1960, has been one of
the biggest patrons of Indian art. Its col-
lection of 8,000 works of art and arte-
facts includes modern, contemporary,
miniature and Company paintings, tex-
tile pieces and a few sculptures.
Director, writer and producer Akarsh Khurana, now in his 40s, Given to the National Gallery of Mod-
ern Art (NGMA) for safekeeping and digi-
has had a productive year. He tells us what keeps him going tal archiving following the sale of the air-
line to the Tata Group in October 2021, (above) N.S. Bendre’s ‘Returning Journey’; and K.H. Ara’s ‘Holi On The Seaface’.
200 of these works are now on display in
Prachi Sibal matched Season One and Two, Rashmi with the young keeps me grounded.... Mumbai in an exhibition, Maharaja’s to be a swan and the reflection of the old baby from a zoo in Bengaluru, flew it
Rocket, Jugaadistan were all in produc- People stop being part of the conversa- Treasure: Select Works of Art From The swan appears to be an elephant. That is to Geneva with a mahout and then put it
A
sports biopic, a political tion and several online theatre events tion. Even if you are ignorant, you have to Famed Air India Collection. “The idea of what I have done for the ashtray. Thus, in a truck to Cadaqués, a Spanish town
satire, a teenage romance, were conducted through Akvarious Live. be in the room,” he says. And though he this exhibition is to showcase the best of the swan upside down becomes an ele- where Dali lived at the time.
a family drama, a play on Whether it is the story of love-struck doesn’t always curate what he watches the collection,” says Sushmit Sharma, phant’s head inverted and the elephant Another striking work is that of artist
climate change. There Rishi and Dimple in Mismatched or the and reads on the basis of work, he con- deputy curator of NGMA, Delhi. “Most of inverted becomes a swan,” Dali had said Arpana Caur, whose practice reflects the
seems to be nothing political play There’s Something In The fesses he has liked the odd youthful these were displayed in Air India’s Mum- in a statement during his collaboration exploration of her identity as a woman
Akarsh Khurana hasn’t done in the last Water, there is one thing Akarsh, now in show. “I do try and watch content that is bai office building and it was only apt that with Air India. and an artist. In a painting titled Women
couple of years. Now on a sabbatical, he his 40s, never loses sight of: the youth. younger than my demographic from it be shown to the Mumbai audience The ashtray has a shell-shaped centre Hold Up Half The Sky, Caur depicts the
has written and directed a new play, The This is at the heart of Akvarious’ philoso- time to time. And I end up enjoying first,” adds Nazneen Banu, director, with a serpent twined around its perime- face of a woman, a dark-skinned con-
F Word, and adapted Anahita Uberoi’s As phy. “There is an entire generation, 8-10 something like Dash & Lily and am NGMA, Mumbai and Bengaluru. The ter, which is supported by a swan, but struction worker carrying a pan that
Bees In Honey Drown for the last Aadyam years younger than me, who felt alien- shocked by myself. Perhaps because it’s exhibition, on till 13 August, is the first in when turned upside down, it looks like looks like a crescent moon. Interestingly,
Season (an Aditya Birla theatre initiative). ated from the theatre that was happen- set in a bookshop,” he says. a series and will also travel to other two elephant heads. Legend has it that her eyes are also the shape of the crescent
His theatre troupe, Akvarious Produc- ing. I am trying to find stories relatable Theatre, he admits, is where he gets to NGMA galleries in India as well as venues Air India officials met Dali in New York moon—but hollow. “It talks about the
tions, has hit 100 shows with two of its for the youth but also balancing them say what he wants to. “It’s also the nature abroad. and persuaded him to design limited- struggles of mothers working as con-
best-running productions, Dekh Behen with a certain maturity of what we are of things. Films are far more collabora- The star object of the exhibition is the edition ashtrays (the exact number is not struction labourers while trying to tend
and Internal Affairs. telling. People now watch theatre on a tive. There are so many moving parts. In famous porcelain ashtray designed by known) in 1967. “They were gifted to Air to their little children,” says Sharma.
During this time, Akarsh has also pro- date night,” he says. a play, it’s a fairly tight unit, and it’s easier Dali, based on a work the artist had made India’s select first-class passengers,” adds In Anjolie Ela Menon’s Nawab With A
duced two of his most political works— “I was almost 40 when Mismatched to have a common vision,” he says. in 1937, titled Swans Reflecting Elephants. Banu. In return, Dali wanted a baby ele- Pigeon, a man stands behind a panelled,
a play, There’s Something In The Water, came to me. I read the book and under- And the larger vision is what seems to “The reflection of the elephant appears phant. The airlines bought a two-year- wooden window, next to a subdued little
and the OTT series Jugaadistan. Then stood the appeal but didn’t know why drive many of his choices and work. girl and a white pigeon. “It’s another
there is Go With The Flow, their most they chose me; I was almost double the When it comes to film-making, it is the work that comments on the shackles of
ambitious production, with 22 new age of the characters,” Akarsh says about post-production process that he enjoys patriarchy in our society,” adds Sharma.
actors, directed by brother Adhaar Khur- what is perhaps his biggest hit, adding, most. “It’s there that you are able to real- Then there is the modernist portrayal
ana. If that wasn’t enough, he has turned “The reasoning I got was how I depicted ise your vision as a creator,” he says. of Kashmiri, Maharashtrian and Rajast-
podcast host for the first time. Unscripted Mithila’s character in Karwaan. It was He keeps meticulous Excel sheets of hani women, dressed in traditional attire,
With Akarsh Khurana by Aadyam is a rare the first time a teenage girl was not irri- every play, with percentages and occu- by B. Prabha, whose career took off with
insight into the lives of theatre makers tating. She was spunky but she also dis- pancy to see what kind of growth it has the patronage of Air India. Fresh out of
and actors, in an informal setting. played a certain maturity.” seen. Though he can now foretell the Mumbai’s Sir JJ College of Art, Prabha
Khurana chooses to meet me in a He co-directed the first season with future of the production with the first 10 walked into Air India’s Nariman Point
bookshop in Bandra, Mumbai, arriving actor/director Nipun Dharmadhikari shows, the success of Dekh Behen sur- building and showed her works to Jal
well ahead of time for a quick look and went solo in the second. Then came prises him. “We have never seen any- Cowasji, head of Air India’s publicity
around before he settles with his coffee. Jugaadistan, a Lionsgate series set in thing like it. We started at Cuckoo Club department. He immediately bought
His book and film recommendations on Delhi University that digs deep into edu- with 60 seats and have now done over three paintings for ₹87.50 each. Her
Instagram have a following of their own. cation scams and college politics. Akarsh 100 shows,” he says. At the 100th show, works also featured on Air India’s spe-
Akvarious Productions, founded by rates it as his best work so far but says he he announced Dekh Behen 2, set to hit the cially designed in-flight menus.
actor Akash Khurana (Akarsh’s father) in nearly turned it down. “After season 2 (of stage in August. “Air India has played a major role in
the 1990s, is now helmed by Akarsh, with Mismatched), so many of the offers that promoting Indian art and artists around
support from his younger brother, came to me were youth-related.... So, Go With the Flow will be staged on 2 the world. This exhibition is also an ode
Adhaar. To say Akarsh Khurana is having when Jugaadistan came, I said no ini- July at the National Centre for the Per- to the company’s efforts and enthusiasm
a moment in theatre, film, and now pod- tially because I was told it was another forming Arts, Mumbai. Visit www.ncpa- towards Indian art,” says Banu.
casting, would be an understatement. college story,” he recounts. mumbai.com for details.
He tells us that the path to this success Akarsh tries to keep abreast of the Riddhi Doshi is a Mumbai-based jour-
was paved during the pandemic. Mis- needs of a Gen Z audience. “Interacting Prachi Sibal is a Mumbai-based writer. nalist.
I
n the early days of cable TV in India, on his life started being made in 1948 and capped with an extra payoff. A couple of never get old.
which were my early days as well, two never let up. Audiences in 1991 would have spectators grumble that the pole Wong None of this could work without Kwan’s
credit sequences set my imagination on been familiar with Jackie Chan’s comic struck during the fight didn’t even move, endless good cheer in the face of constant
fire. The first was Chariots Of Fire (1981), portrayal of Wong in the classic Drunken let alone splinter. Foon walks up to the frustration. When Wong finally comes
for the Vangelis theme, of course, but also Master (1978) and perhaps even Gordon Jet Li and Rosamund Kwan in ‘Once Upon A Time In China III’ . pole and touches it. The rope around it around at the end of the third film, Hark
Nigel Havers’ beatific smile registering Liu in Challenge Of The Masters (1976) and uncoils and it breaks into two. frames this with the momentousness it
among the serious runners on the beach. Martial Club (1981). Li’s performance was and Liu films, Hark makes use of a histori- satisfaction of clobbering or bettering for- Revisiting the Hark-Li films made me deserves. Wong, who thinks Yee has left
The other was also a beach scene, also strikingly different, though. While the cal period of great ferment in China, turn- eign adversaries, the primary antagonists realise the series has a secret weapon that forever, sees her across the room. He calls
partly in slow motion, with a theme song films are fairly comedic, the humour ing the films into riotous time capsules. in the three Hark-Li films are Chinese. In has nothing to do with kung fu—Rosa- out to her, using her real name, not 13th
almost as catchy. This was from Tsui doesn’t derive from Wong. Instead, Li Once Upon A Time In China I begins with I, it’s the nefarious Shaho gang and a wan- mund Kwan as the foreign-returned Yee Aunt. He then runs towards her, the shot
Hark’s Once Upon A Time In China (1991), presents him as a figure of immense dig- French troops mistaking firecrackers dur- dering kung fu master they enlist. In Can- Siu-kwan, a character invented for the of scurrying feet a neat parody of kung fu
a phalanx of bare-chested martial club stu- nity, formally polite and painfully consci- ing a ceremonial lion dance for an attack ton-set II, it’s the psychotic White Lotus films, whom Wong insists on addressing films. To the surprise of everyone in the
dents executing a series of strenuous, eye- entious. This makes Wong the perfect and returning fire; Wong jumps in and sect, out to destroy all things foreign, and formally as “13th Aunt” (Siu-kwan’s father room, most of all Yee, he lifts her up and
catching workouts. straight man to chaotic disciple Leung continues the dance himself. There are a wily military officer played by Donnie was a blood brother of Wong’s grandfa- whirls her in a most un-Wong-like fash-
By the time the 1990s got under way, Foon (and Bucktooth So and Porky Wing also Americans (running a human traffick- Yen. And in the third film, which unfolds ther). As the one romantic foil, she spends ion. Kwan laughs in delight, then looks
Hong Kong film-maker Tsui Hark had in the first film) and the hapless object of ing ring), British (ineffectual in II) and in Beijing, it’s Chiu Tin-bak, a gangster a lot of time being rescued by Wong. Yet, shocked, relieved, exhausted and content.
already made cult favourite Zu: Warriors Yee Siu-kwan’s affections. Russians (plotting to assassinate the bent on winning the lion dance martial Yee’s curiosity and pluck mean she’s A few seconds that sum up an indelible
From Magic Mountain (1983) and the mas- Unlike the strictly fight-oriented Chan empress in III). But for all the nationalistic arts competition. rarely far from the action herself. She’s at performance.
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12 Saturday, 24 June 2023
Chennai TRAVEL
Paying homage to
Bawa on Galle Road
Along Sri Lanka’s
COURTESY CLUB VILLA BENTOTA
leading architect in South Asia (with gratitude and loss, what Orhan Pamuk
buildings in India ranging from a museum identified as huzun, a nostalgia for another
coast, hotels in Porbandar, Gujarat, to hotels in Bengal time. Memories of that holiday come back
and Odisha), was meticulous. Many of the with near total recall but there’s also
designed by Geoffrey chairs and table lamps designed by Bawa appreciation that the Japanese owner
and recreated for the renovation of the stayed religiously true to Bawa’s vision.
Bawa embody the lobby give it the flavour of Scandinavian One rarely sees the other guests except at
visual opulence of design, complete with textile genius Bar-
bara Sansoni’s panels for the ceiling that
mealtimes, making it easier to pretend to
be lord of the manor.
another time mimic a Sri Lankan sunset. This is an The past couple of decades have made
unforgettable setting for a grand wedding Sri Lanka a byword for sorrow and beauty.
or a quiet drink by the bar where bartend- A tourist may not notice the severity of the
Rahul Jacob ers skilfully adapt cocktails to cater to economic crisis. The lawns and swimming
guests’ whims. The hotel even has an irre- pools of The Villa and Club Villa, however,
f you go on an extended pilgrim- pressibly enthusiastic member of the staff, are by the side of railway tracks. One con-
m MINT SHORTS
‘Inflation slowing down personal
‘Sterling & Wilson RE to look
consumption, private investment’
Mumbai: Bringing down inflation and stabilising inflation expec-
tations will help revive private capital expenditure, according to
the Reserve Bank of India’s (RBI’s) June bulletin released on Fri-
for additional investments‘
day. “Recent national accounts data and corporate results when
read in conjunction clearly show that inflation is slowing down Rituraj Baruah Indian corporate. We are definitely TCS was recently rocked by a
personal consumption. This, in turn, is moderating corporate sales rituraj.baruah@livemint.com going into wind BoS (balance of system) bribes-for-jobs scandal. MINT
and holding back private investment in capacity creation,” said NEW DELHI this year. We plan to start with India
the bulletin. GOPIKA GOPAKUMAR with a smaller project this year and
‘Blacklist
T
he board of Sterling and Wil- then see how those we can multiply
son Renewable Energy Ltd is because there is a lot of demand every-
Opposition parties unite for considering getting more
investments into the com-
where across the world.
Are you looking at the emerging
vendors
2024 poll, BJP says not worried
PTI
pany, its global chief execu-
tive officer Amit Jain said. The talks for
raising further capital come after Reli-
space of green hydrogen?
Another area can be waste-to-energy
and green hydrogen. We have not
who take
ance New Energy Ltd, a unit of Reli-
ance Industries Ltd (RIL), completed its
planned for this fiscal in terms of green
hydrogen. We are keeping a close bribes’
acquisition of a 40% stake in the com- watch. Once the electrolyzer technol-
FROM PAGE 16
pany in February last year. In an inter- ogy comes into place, because so far,
view, Jain said the company is consid- not even a single big plant is there in
ering expanding its operations and the world, the whole hydrogen ecosys- ulatory compliance”. The
diversifying into newer areas, includ- tem will take another three years to industry body said this is to
ing battery storage and wind balance of come into place. “safeguard the interests of both
system (BoS). Edited excerpts: We are not going to be a (green the employer-companies and
hydrogen) developer. So, we are wait- flexi workers”.
What is your order book status? around pretty fast. age globally. Can you outline your ing for the technology and the market TCS is one of the largest
New Delhi: Leaders of 15 Indian opposition parties agreed What are your expansion plans for What is the status of solar project diversification plans? to mature and then decide our strategy. recruiters in the IT services
on Friday to fight the 2024 national elections on a common the India business? developments? Do supply con- We are going to cater to practically What is the scenario in terms of sector and employs a workforce
platform against Prime Minister Narendra Modi’s ruling We have an order book in excess of straints still persist? all the major aspects with respect to debt right now? of 614,795 as on 31 March 2023.
Bharatiya Janata Party (BJP). Meanwhile, BJP leaders said 4GW right now in India. As of 31 March, Module capacities are coming up. I renewables. We are already doing Our debt is around ₹2,000 crore. We In FY23, it added 22,600
‘
they were not worried as there was little hope for such allian- in value terms, it was ₹4,500 crore. So, see the situation easing to a much bet- solar. We are going to plan to be Ebidta positive by FY24, employees on a net basis.
ces. Amit Shah, the Union home minister and the powerful typically, it has been 70:30, with over- ter situation than last year but not com- enter battery energy and retire our debt by “Recruitment firms who have
number two in BJP, called the meeting in Bihar’s Patna a seas having the major share of our busi- pletely. By the end of next year, I see the storage systems in a FY25. Further, right an alliance or are part of these
“photo session”. REUTERS ness. But now that pro- situation with respect to big way. We are We are definitely going now, looking at the bribes should be blacklisted,
portion is going to m INTERVIEW module supply com- already working on into wind BoS (balance ₹4,500 crore order and an industry body like ISF
reverse. By FY25, we pletely in control and projects overseas, and of system) this year. We book and whatever needs to have a whistle-blower
Yes Bank gets board approval for expected it to be 65:35, the domestic require- we expect to deliver orders we are going to policy. HR teams in client com-
with most of our business in India. ments, I hope, would be catered by projects in India plan to start with India book this year, reve- panies get their own set of
raising up to ₹2,500 crore in debt Reliance New Energy picked up local manufacturers. because this sector will with a smaller project nues will be signifi- recruiters, and that is an
Mumbai: Private sector lender Yes Bank on Friday said its board a 10% additional stake last year. But the only thing that needs to be explode and contrib- this year cantly higher than unhealthy practice that needs
has approved raising of up to 2,500 crore in debt. This fundraise Could we see further investments checked is that domestic manufactur- ute revenues in a big what we had in FY23. to stop,” said Ajit Isaac, founder
Amit Jain
in rupees or a foreign currency could be through non-convertible coming in? ers are not exporting the bulk of their way. Global CEO, Sterling and
Maybe we can say of India’s now largest staffing
debentures, bonds, or medium-term notes, among others, it said Options are open, and we are dis- manufacturing. That’s a big concern As early as this year, Wilson Renewable Energy numbers can come company Quess Corp.
in a regulatory filing. Shareholders will vote on the proposal at the cussing them with the board, but we for us that capacities are currently we should start work- close to double what Isaac highlighted that the
bank’s annual general meeting on 18 August. STAFF WRITER have not decided anything. Our net there, but most of the production, they ing on a project. We we had in FY23. issue especially plagues the IT
worth right now is negative, but with are supplying to US markets. So, the are talking to PE funds and others who So, to achieve an Ebidta positive, we sector since these firms “are
the upcoming projects and the portfo- export market is getting prioritized have set up their branches in India. So, have to do close to ₹4,500 crore. FY24 more prone to cutting costs
India may reduce wheat import lio, the growth in the market and the over Indian customers. we may start one of the projects as early and FY25 revenue numbers are going when it comes to hiring and
revenues we are expecting, we will turn You diversified into battery stor- as this year, either with a PE fund or an to be significant. hunker down on fees, leading
duty if needed: FCI chairman to poor quality of vendors”.
REUTERS
The names of the recruit-
ment firms that offered bribes
Micron India chips next year Adani shares plunge could not be ascertained, but
the lack of regulation in the hir-
ing industry is under the spot-
FROM PAGE 16
on US probe news light. “The entry barrier
required to become a recruiter
is low, and there is no way of
applicants to reapply in light of ensuring that those empan-
the modifications made to the FROM PAGE 16 elled by the client are ethical,”
$10 billion semiconductor said Sunil Chemmankotil, chief
financial incentive scheme, just 39%, indicating height- executive of Teamlease Digital.
after which the government ened speculation. A senior executive in one of
New Delhi: India may lower wheat import duty if required, will evaluate their proposals. The active futures contract the largest recruitment firms
said Ashok Meena, the chairman of Food Corporation of “All these modifications have of Adani Ports also witnessed highlighted concerns arising
India (FCI), on Friday. There is a 40% import duty on wheat. to be accounted for by the the creation of fresh bearish from the TCS scandal. “Clients
“Inflation above 6% due to higher cereal inflation is a cause applicants, so we have asked bets as the outstanding posi- will now want to know who are
of concern for the government. Retail prices of wheat and them that basis the modifica- tions rose 6.58% alongside the the vendors recruiting for the
rice are on the upswing trend, and the government is explor- tions, please resubmit your price correction in the con- tech firm and does the quality
ing all possible interventions, including reduction in import applications or modify them,” tract by over 4%. A rise in posi- of candidates gets impacted,”
duty of wheat, to bring down prices,” Meena said. PUJA DAS Vaishnaw said, noting that the tions, along with price correc- said the senior executive who
proposals will be processed Micron’s plant in Sanand will see investments of $825 million, tion, indicates a bearish did not want to be named.
after thorough checks. He with the government contributing on an ongoing basis. REUTERS build-up. Adani Ports down by 4.2%. AFP The cracks in the IT sector,
Kotak funds invest ₹732 crore added that some of the compa- “Whatever recovery has including dual employment
nies were also changing their Lam Research will train ogy and what they would like to been seen in the group stocks corporate governance frame- and moonlighting, are starting
in NCDs of RattanIndia Power technology partners. Mint had 60,000 workers for semicon- focus on,” he added. from the lows post-Hinden- work and is strongly commit- to show in recent years because
New Delhi: Kotak Strategic Situations India Fund II (KSSF II) and reported earlier that Vedanta- ductor jobs over 10 years with Micron Technology, Applied burg has not resulted in the ted to following all laws and of relaxed oversight during the
Kotak Private Credit Fund (KPCF), managed by Kotak Investment Foxconn was likely to be the virtual simulation pro- Materials, and Lam Research’s desired revival of investor con- regulations in all of its differ- pandemic and a subsequent
Advisors Ltd (KIAL), have invested ₹732 crore in the non-converti- approved ahead of the other gramme beginning in August entry into India will allow for- fidence,” said Rajesh Palviya, ent markets,” the spokesper- hiring frenzy as demand for
ble debentures (NCDs) of RattanIndia Power Ltd (RIPL), the com- two proposals. this year. Vaishnaw expects 2-6 eign companies to diversify technical head research at Axis son added. “We request the digitization surged. According
pany said in a release. The investment is part of an overall ₹1,125 Micron’s plant in Sanand, new proposals with similar their supply chains and miti- Securities. “Those with a low media to avoid needless spec- to reports, Infosys, TCS, Wipro
crore infusion by a consortium of lenders, RattanIndia said, adding Gujarat, will see investments of investments as Micron or gate concerns regarding their risk appetite should avoid ulation at this time and wait for and HCL Technologies collec-
that it will be deployed for refinancing debt. SAURAV ANAND $825 million, with the govern- Applied Materials to emerge in dependence on China. “There’s these stocks as they are given Sebi and the Hon’ble Supreme tively recruited more than
ment contributing the rest on the next 12 months following a natural driving incentive for to sharp movements based on Court to complete their work 82,600 employees in FY23.
an ongoing basis, totalling the modification of the incen- them. So, the China-plus-one news flows.” and submit their findings.” IT industry body Nasscom
SP group firm is set to sell India’s $2.75 billion over the next five tive scheme. “From our under- strategy is actually getting Bloomberg also reported Hindenburg, in a report on declined to comment on the
years. The plant will employ standing, anywhere from 2-6 started. And that (PLI scheme) that 12 of the 15 dollar bonds of 24 January, alleged corporate scandal. A TCS spokesperson,
biggest low-rated bond next week 5,000 and create 15,000 addi- good proposals is what we are is feeding into our electronics the Adani Group declined malfeasance against the group, however, said: “While there are
Mumbai: Goswami Infratech, a Shapoorji Pallonji (SP) group firm, tional indirect jobs. Applied expecting in the coming 12 manufacturing ecosystem, intraday following the news, which it denied strongly. A complaints regarding code of
is set to sell India’s biggest ever low-grade local-currency bond next Materials will invest $400 mil- months. The investment range which is $106 billion,” Vaish- with Adani Green bonds Supreme Court-appointed conduct violations that arise
week. It is seeking bids on Monday for notes due in April 2026 to raise lion over the next four years to we’re expecting is around equal naw said, in response to a ques- maturing in September 2024 committee also said there was from time to time, the company
$1.7 billion, according to people close to the matter. The planned set up a collaborative engineer- or more, some slightly less, tion on India becoming an leading the losses. no prima facie evidence of has robust processes for inves-
zero-coupon bond is rated BBB- by Care Ratings. BLOOMBERG ing centre in Bengaluru, and depending upon the technol- alternative to China. “Adani operates a robust wrongdoing by the group. tigating and resolving them.”
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14 Saturday, 24 June 2023
Chennai NEWS LIVEMINT.COM
Jio in talks
Children in cities
losing height edge
No additional US scrutiny of with banks
over rural kids steel, aluminium from India for $1.6 bn
to buy 5G
Priyanka Sharma
priyanka.sharma@livemint.com
NEW DELHI
equipment
This is part of the resolution of six out of seven disputes between the two nations at the WTO Bloomberg
C
hildren living in urban
areas no longer have a feedback@livemint.com
height advantage over Ravi Dutta Mishra & Rhik Kundu
R
those from rural areas, accord- ravi.dutt@livemint.com eliance Jio Infocomm
ing to a study by the Indian NEW DELHI Ltd. is in talks to raise a
Council of Medical Research loan for about $1.6 bil-
T
(ICMR). Research on the body he US has assured India that lion to fund the purchase of
mass index (BMI) of children a large majority of steel and equipment from Nokia Oyj,
and adolescents (5-19 years) aluminium products according to people familiar
between 1990-2020 high- Study shows less difference imported from the South with the matter.
lighted the complexity of fac- between urban, rural kids. HT Asian country will be Banks involved in the dis-
tors influencing children’s excluded from additional processes of cussions with billionaire
health globally. happened in the last few dec- scrutiny, commerce minister Piyush Mukesh Ambani’s telecoms
The study revealed that BMI ades,” he added. Over the years, Goyal said on Friday. company include Citigroup
differences between urban and people are at risk of physical This is part of the resolution of six Inc., HSBC Holdings Plc. and
rural children are diminishing. work at diminished levels and out of seven disputes between the two JPMorgan Chase & Co., said
This indicated declining bene- health complications. nations at the World Trade Organiza- the people, who asked not to
fits of urban living for growth The trends in South Asia tion (WTO), Goyal said. The develop- be named because the matter
and development over the last would apply to India, he said. It ment tracks prime minister Narendra is private.
30 years in most regions across showed that BMI of children Modi’s state visit to the US this week, The loan will likely have a
the world. The trend has now and adolescents increased which included meetings with US pres- maturity of as much as 15
been published in the latest more in rural areas than in ident Joe Biden and other top govern- years and will be priced over
issue of Nature journal. urban cities, leading to a clos- ment officials. the Secured Overnight
“We have analysed the ing of urban–rural difference. “They have given us an assurance Financing Rate, they said.
global data among the interna- Researchers from three that at least 70% of all such requests for As the deal hasn’t yet been
tional group NCD Risk Factor ICMR institutes—National steel and 80% for all such requests for finalized, the lineup of banks
Collaboration Institute of Medi- aluminium application, for products This is a very big victory for India and a mutually beneficial arrangement for both countries, minister Piyush Goyal said. PTI and the terms may still
(NCD-RisC),” Dr In India, kids’ BMI cal Statistics, originating from India, will be excluded change.
Himanshu Chat- increased more in (NIMS), National from additional processes for Section said. The six trade disputes that will be American workers and manufacturers, Meanwhile, the commerce ministry- Finland’s export credit
urvedi, director rural areas than in Institute of Nutri- 232,” Goyal said. terminated include three disputes each in violation of WTO norms that bar backed Export Credit Guarantee Cor- agency, Finnvera, will issue
general at ICMR- urban cities, tion (NIN) and Section 232 of the Trade Expansion from the US side and India. subsidies that distort global trade. poration of India (ECGC) on Friday said guarantees covering the
NIMS, one of the National Centre Act of 1962 authorises the US com- The disputes filed by the US This is a very big victory for India and it has carried out the expansion of 90% majority of the loan, they said.
leading to a
authors of the for Disease Infor- merce secretary to conduct compre- included countervailing measures on mutually beneficial arrangement for insurance cover for exporters with a Nokia announced last
paper, said. The closing of urban– m a t i c s and hensive investigations to determine certain hot-rolled carbon steel flat both countries, Goyal said. He added credit limit of ₹50 crore, a cover limited October that it had clinched
study showed that rural difference R e s e a r c h the effects of imports of any arti- products, countervailing meas- that India continues to seek the to ₹20 crore earlier. an agreement to supply Jio
low height and (NCDIR)—evalu- cle on its national security. ures related to renewable restoration of the General- “Earlier, ECGC used to with equipment for its 5G
excessively low ated data from Mint had on 19 June energy sector, and certain ized System of Preferences compensate 60% of the rollout in India.
BMI increases the risk of mor- 2,325 studies, with measure-
bidity and mortality, and low ments of height and weight
reported that India and
the US are in advanced $5.7
bn
of imports into the
measures on steel and (GSP) status that was
aluminium products withdrawn by the US %
Compensation
export losses incurred by
exporters. Last year, 90 Ambani’s Reliance Indus-
tries Ltd was first out of the
height impairs cognitive devel- from 71 million participants in talks for an out-of-court from India. government in 2019. ECGC increased the starting blocks to offer 5G in
opment and reduces educa- 200 countries. settlement to resolve US got duty-free Meanwhile, disputes India was the biggest limit increased by compensation to 90% India, after investing billions
tional performance and pro- ICMR said there is a need to major trade disputes at status in 2017 filed by India that are set beneficiary of the GSP ECGC last year. with an export limit of ₹20 of dollars to acquire the air-
ductivity in later life. A high implement policies and pro- the WTO, and headway is to be terminated include status in 2017, with $5.7 bil- crore, which benefited the waves.
BMI in these ages increases the grammes that improve growth expected soon. measures relating to solar lion worth of imports into the small exporters. When 90% of JPMorgan, Citibank and
lifelong risk of obesity and sev- and development outcomes in “It’s a package deal, where they cells and modules, additional US given duty-free status. About the losses are being compensated, HSBC declined to comment.
eral non-communicable dis- children. Poverty, inflation, (US government) have assured (us) that duties on certain products and other 2,000 products including auto parts the account becomes an AA count, A Nokia spokesperson
eases, and might contribute to lack of nutrient-rich food, and all the exclusion requests that export- export related measures. and textile materials were allowed to which lowers the interest rate,” Goyal declined to comment when
poor educational outcomes. changes from the covid pan- ers and importers from the US make— Earlier, the US, in its complaint, had enter the US duty-free. said. contacted by Bloomberg about
“The objective of this study demic and the war in Ukraine very often there are requests made for alleged that these “apparent export “It (GSP) is a matter for us to pursue “From 1 July 2023, the scheme will the loan talks, as did Finnvera.
was to understand the changes may hinder further gains or exporters for allowing certain products subsidies” offer financial benefits to and have dialogue. However, the US be extended to accounts that borrow up A representative of Reli-
in the growth and development even set back healthy growth to be exported—will be excluded from Indian exporters, allowing them to sell Congress will have to take the final to ₹50 crore for export purposes,” the ance Industries declined to
of children worldwide that and development in children. under the tariffs of Section 232,” Goyal goods cheaply to the detriment of decision (on this),” Goyal added. minister said. comment.
India likely to HDFC Life gets GST Dubbing woes over foreign films Icra flags CBAM hit
offer digital
infra to several demand of ₹942 cr to steel cos’ profits Lata Jha
lata.j@livemint.com
audiences who enjoy foreign Shaikh said adding that the
cinema. In India, most viewers more mainstream the offering,
countries Mayur Bhalerao taking appropriate steps in due
NEW DELHI prefer dubbed content in their the better chances there are of
regional languages over subti- returns. Dubbing Chinese Subhash Narayan & markets and potentially result
D
mayur.bhalerao@livemint.com course to reply to the show espite the growing rec- tles owing to India being a lin- films such as Enter the Dragon, Saurav Anand in loss of market share in the
Shashank Mattoo & MUMBAI cause notice and contest the ognition of interna- guistically diverse country, Shaolin and The Shaolin Tem- region for Indian mills, it
subhash.narayan@livemint.com
Gulveen Aulakh matter,” the insurer said in a tional language pro- with a rich tapestry of regional ple helped improve reach mul- added. The implementation of
H
shashank.mattoo@livemint.com DFC Life Insurance regulatory filing on Friday. gramming in India, certain languages,” Ashish Saksena, tifold. NEW DELHI CBAM further exacerbates the
Company Ltd said it has The company has already territories such as South Korea chief operating officer, cine- Benefits of dubbing aside, situation. CBAM is a mecha-
S
NEW DELHI received a notice from deposited ₹250 crore under and Japan refuse to grant dub- mas, BookMy- studios and film- teep rally in carbon prices nism designed to impose taxes
the tax authorities relating to protest on this matter. It said bing rights to film distributors Show said. Territories such as makers in certain and compliance require- on embedded carbon imports
I
ndia is in talks with a num- Goods and Services Tax (GST) the insurance regulator has and streaming services. While these S Korea and Japan markets can also ments of the Carbon Bor- from various sectors, includ-
ber of developing countries dues of ₹942 crore granted approval Instead, they insist on subti- countries like refuse to grant be averse to der Adjustment Mechanism ing steel, aluminium, cement,
to extend its digital public from July 2017 till for transfer of tles, aiming to maintain the Korea and Japan dubbing rights to exploring remake (CBAM) could heavily weigh hydrogen, electricity, and fer-
infrastructure (DPI) part- 31 March 2022. The regulator has HDFC Life shares authenticity of the show or may change their
also approved film distributors rights of standal- on profits made by Indian steel tilizer.
nerships, according to per- The notice owned by HDFC film. stance over time, one films or producers on exports to the The EU aims to level the
sons aware of the matter. relates to the HDFC to buy Ltd to HDFC However, industry experts it is common for and streaming shows if the for- European Union (EU) by playing field for its steel mills,
Earlier this month, India claiming of input additional shares Bank in view of argue that this approach filmmakers in services mat has already $60-165 per tonne between which have been struggling to
signed a Memorandum of tax credit against in HDFC Life to their proposed restricts the content’s reach in certain foreign been sold to a 2026 and 2034, cope with rising
Understanding (MoU) with supply of services, own over 50% of amalgamation. a country like India, where markets to streaming plat- credit ratings Since 2021, carbon prices.
Armenia, Sierra Leone, Suri- which the tax total share capital The regulator has most viewers prefer dubbed remain averse to dubbing, said form. agency Icra said carbon prices in Since the begin-
name, and Antigua and Bar- authorities also approved content over subtitled alterna- Yusuf Shaikh, business head, “Often there are restrictions on Friday. Europe have ning of 2021, car-
buda on sharing its ‘India believe are ineli- HDFC to buy tives. feature films at production and on even selling remake rights The steel mak- more than bon prices in
Stack’ with them. gible for such additional shares “Filmmakers in countries distribution firm Percept Pic- to other markets and makers ers are facing Europe have
doubled,
India Stack broadly refers claims. HDFC Life has been in HDFC Life to own over 50% like Japan and Korea often tures. in these countries will let go off challenges in more than dou-
to digital solutions imple- advised by its legal and tax of its total share capital. Shares prefer subtitles for their con- “Their point of view is that business but will not explore reducing their increasing costs bled, inflating
mented at population scale to counsel that it has a good con- of HDFC Life closed 1.44% tent to preserve authenticity the accent could sound funny such deals,” said Adita Jain, carbon footprint for EU steel mills costs for EU mills
deliver social benefits. These testable case. lower at ₹629.8 apiece on the and cultural context. This or the authenticity gets lost. senior associate vice presi- as they have an as they exceed
agreements were signed at “This is an industry-wide NSE underperforming a 0.56% approach has been widely However, in India, dubbing dent, acquisition and syndica- average emission their annual free
the Global Digital Public issue, and the company will be fall in the benchmark index. appreciated by international can make a huge difference,” tion, IN10 Media Network. intensity of about 2.6 tonne emission allowances.
Infrastructure (DPI) Confer- carbon dioxide per tonne of India exports up to 3-5 mil-
ence, which was held on the crude steel, 12% higher than lion tonnes of finished steel to
sidelines of a G20 working the global average level of Europe every year, according
group on the digital economy.
According to the persons
cited above, India is now in
Modi hails progress in US-India relations 2.32, Icra said in a release. to Icra. India produced 122 MT
The implementation of finished steel in the last finan-
CBAM is expected to affect cial year. Average emission
talks with several countries in between 15% and 40% of intensity of leading Indian pri-
the global South, including in FROM PAGE 16 Indo-Pacific, shorthand for fearless in their choices, where In another context, Modi also gallery and regularly chanted India’s annual steel exports to mary steel producers is 12%
Latin America, Africa and China’s behaviour and actions, progress is not suffocated by said India created “capabili- “Modi, Modi” through the the EU. Failure to address the higher than the global average
Southeast Asia, to extend firming India’s commitment to to the American legislature impossible burdens of debt, ties, not dependencies”, speech, which may well have carbon footprint issue could level from the blast fur-
these DPI partnerships. principles of sovereignty and united across party lines in its where connectivity is not lev- another dig at Beijing. taken by surprise legislators lead to lower profits in EU nace route, Icra said.
Digital public infrastruc- territorial integrity and antipathy towards Beijing. eraged for strate- From the press not used to political sloganeer-
ture has become a key facet of reminding the audience that “The dark clouds of coercion gic purposes, Modi combined gallery of the ing from the gallery as they sit CORRECTIONS AND CLARIFICATIONS
India’s diplomatic outreach to he had “directly and publicly” and confrontation are casting where all nations humour and House, HT saw on the floor.
the developing world. Key said this was not an era of war, their shadow in the Indo-Pa- are lifted by the optimism as he members clap- As he rushed to the Con- Mint welcomes comments, suggestions or complaints about errors.
elements of India’s DPI offer- in a bid to allay any apprehen- cific. The stability of the region h i g h t i d e o f showcased India’s ping over 50 gress after prolonged meet-
ings are its UPI digital pay- sions or where India stood on has become one of the central shared prosper- times and offer- ings and a joint press confer- Readers can alert the newsroom to any errors in the paper by
dynamism and emailing us, with your full name and address to
ments interface, the Aadhar the war in Ukraine. concerns of our partnership,” ity,” Modi said. ing a standing ence with President Joe Biden
bio-metric digital identity But he also spoke about the Modi said. He added that both Each reference technological ovation over half at the White House, Modi first
feedback@livemint.com.
system and data management importance of diplomacy, the India and the US dreamt of a can be read as a embrace a dozen times met the US Congressional It is our policy to promptly respond to all complaints. Readers
systems like DigiLocker. impact of the war on the “free, open and inclusive Indo- critique of China, during Modi’s leadership — House Speaker dissatisfied with the response or concerned about Mint’s journalistic
Prime Minister Narendra Global South, and the need to Pacific, connected by secure which is seen as hour-long Kevin McCarthy and minority integrity may write directly to the editor by sending an email to
Modi made a pitch for the wide- end the suffering, which drew seas, defined by international coercing smaller nations, trap- speech. The mood was rather leader Hakeem Jeffries, Senate asktheeditor@livemint.com
spread adoption of India’s DPI applause. law, free from domination”. ping them with debt, and electric, in no small measure majority leader Chuck Schu-
Mint’s journalistic Code of Conduct that governs our newsroom is
solutions during the G20 Sum- He also offered a stark warn- “A region where all nations, using the Belt and Road Initia- due to members of the dias- mer and minority leader Mitch available at www.livemint.com
mit in Bali in November 2022. ing about the challenges in the small and large, are free and tive for geopolitical purposes. pora who crowded the visitor McConnell.
First published in February 2007 to serve as an unbiased and clear-minded chronicler of the Indian Dream.
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LIVEMINT.COM NEWS Saturday, 24 June 2023
Chennai 15
Lagos Free Zone woos Exited Byju’s board, say Peak XV, Prosus
Staff Writer Deloitte Haskins & Sells,
T
he Lagos Free Zone (LFZ), a Think & Learn Pvt. Ltd. We are $1.2 billion term loan B it raised in November 2021. BLOOMBERG Peak XV owns around 6% of
private free trade zone in committed to supporting the Think & Learn, while CZI
Nigeria, is looking to attract company in bringing on board entity) on the board of Think & three external board members owns 2.5-3%, and Prosus 9%.
Indian investments in fields an independent director in Learn, has also resigned from of Think & Learn had stepped But the edtech company has
such as pharmaceuticals, con- order to strengthen business his position. “The company is down from the board over dif- over 70 investors on its capta-
sumer goods and chemicals, managing processes and internal control required to file the resignation ferences with the founder over ble.
director Dinesh Rathi said. The zone, mechanisms,” a spokesperson letter with the ministry of cor- the delayed filing of FY22 Byju’s has separately been
which is owned by a Singapore-based for Peak XV Partners, formerly porate affairs in India within financial statements as well as in a legal tussle with the len-
conglomerate, has received around $2.5 Sequoia Capital India, said in a the required time period,” the its approach to its lenders. This ders of the $1.2 billion term
billion in investments so far, which it statement. spokesperson added. They did included Vivian Wu, the rep- loan B it raised in November
aims to double over the next five years. A Prosus Ventures spokes- not give any specific reasons resentative of the Chan Zuck- 2021. It also declined to make
“In Nigeria, we operate two verticals. person also said Russell Drei- for the resignations. erberg Initiative (CZI). Wu did an interest payment earlier in
One is an infrastructure vertical, which senstock, the representing On 22 June, Mint reported, not respond to a request for June, citing predatory tactics
comprises the free zone, and the other is director from MIH Edtech citing people with knowledge comment. by lenders and pending law-
a deep sea port, which is called Lekki Investments BV (a Prosus of the development, that all On Thursday, Byju’s auditor suits.
Port. This special economic zone solves
a lot of problems, which business opera-
tors generally encounter in many emerg-
ing markets like Nigeria. One is transpor- The LFZ has also featured in discussions between the governments of India and Nigeria,
tation and logistics, which is solved by said Dinesh Rathi, managing director, Lagos Free Zone .
the presence of Lekki Port,” Rathi said.
Won’t reach 2030 emissions goal: Tata Steel
The presence of a free zone and a port, African nation include Tata group, Bajaj nership, Jaishankar had said that India- Bloomberg nology and research and tion costs will rise due to the promising involves replacing
coupled with fiscal incentives, is aimed at Auto and Bharti Airtel. Africa trade had grown to $98 billion in feedback@livemint.com development at Tata Steel, newer technologies will also coal with green hydrogen,
luring major Indian companies which The LFZ has also featured in discus- FY23 from $89.6 billion the previous said in an interview this week. prove to be a challenge to which is made using renewa-
T
already have operations in Nigeria. Lekki sions between the governments of India year. ata Steel Ltd says it won’t The company is relying on use steelmakers, Bhattacharjee ble power.
Port, partly owned by a Chinese com- and Nigeria, Rathi said, though not at the Indian companies may benefit from be able to achieve a goal of scrap metals to cut emis- said. The exact amount will However, limitations in the
pany, has been active for some months highest levels. the recently created African Continental to cut emissions by 2030 sions for now, he said. depend on factors including use of hydrogen and scrap in
now. There is much government interest in Free Trade Area (ACFTA), which came unless development of new Tata’s warning the cost of scrap the steelmaking process, cou-
“All of this creates a strong into force in 2019, Rathi said. technologies is accelerated. comes as global The co seeks to and hydrogen, pled with low quality domestic
value proposition for TAPPING INTO TRADE “The overall mandate of the India’s second-largest steel steelmakers face trim carbon the ability to gen- iron ore, could hamper decar-
anchoring Indian compa- ACFTA is to create a single producer is seeking to trim massive costs to emissions from erate profits from bonization efforts, Bhatta-
nies, which are not only look- THE zone, owned by THIS SEZ solves a lot THE LFZ is in talks continental market with a emissions from the current 2.5 green their oper- 2.5 tonnes for other products charjee said.
ing at Nigeria, but also want aconglomerate,
Singapore-based of problems, which with several large population of about 1.3 bil- tonnes of carbon dioxide for ations. The Euro- generated from “If the world largely moves
has business operators Indian companies every tonne of
to use it as a beachhead for got around $2.5 bn in face in emerging already present in lion people and a combined every tonne of the alloy pro- pean Union is carbon dioxide, to hydrogen-based direct
other parts of Africa because investments so far markets like Nigeria Nigeria GDP of approximately $3.4 duced to 1.8 tonnes in 2030, planning to alloy produced to and potential new reduced iron and electric arc
there is an Africa continental trillion,” according to the and achieve net zero by 2045. implement taxes 1.8 tn in 2030 carbon taxes, he furnaces, then high quality ore
free trade area,” Rathi said. African Union’s website. That’s even as it plans to dou- on supplies from said. will be at a premium—it’s
The LFZ is in talks with several large strengthening India’s economic links to Rathi also believes that Indian compa- ble its Indian capacity to 40 high emission- The global already a premium, it will be
Indian companies already present in Africa. According to external affairs min- nies may find it attractive to manufacture million tonnes by the end of producing countries, poten- steel industry is experiment- more so,” he said. “So there is a
Nigeria, Rathi said, adding that the dis- ister S. Jaishankar, India-Africa trade will in Nigeria given that the country is eligi- the decade. tially hitting profitability of ing with several decarboniza- huge economic risk that we
cussions are at an advanced stage with cross $100 billion soon. ble for duty-free access of exports to “New technologies have to mills struggling to reach net tion techniques, all of which see if you go entirely in that
some of the potential Indian investors. Speaking at the CII-EXIM Bank Con- America for a range of products under come in,” Debashish Bhatta- zero targets. are at an early stage of devel- route, even if the electricity
Leading Indian entities present in the clave on the India-Africa Growth Part- the African Growth and Opportunity Act. charjee, vice president of tech- Expectations that produc- opment. One of the most and hydrogen is green.”
‘
projections for 2023-24. If clear that we are overdo-
that happens, ing it?
the real repo I still think
rate would Inflation risk has that the cur-
rise even fur- moderated due to rent mone-
ther if the lower crude oil and tary policy is
nominal repo excessively
rate is left commodity prices and tight because
unchanged. the abating of supply the optimal
Monetary chain disruptions real rate is
policy must probably
Jayanth Varma
focus on the External member, MPC closer to 1%
real policy than to 1.5%.
rate and not However, my
the nominal rate. It would more pressing concern now is hindustantimes htTweets www.hindustantimes.com
therefore become necessary to that the MPC might, by sheer
adjust the nominal repo rate to inaction, let the real rate rise
ensure that the real repo rate even above 1.5%, which would
does not rise above the optimal be extremely damaging to the
level. Even at a 1.5% real rate, economy.
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CHENNAI, NEW DELHI, MUMBAI, BENGALURU, KOLKATA, AHMEDABAD, HYDERABAD, CHANDIGARH*, PUNE* VOL. 17 NO. 149 Rs. 15.00 16 PAGES
SENSEX 62979.37 259.52 NIFTY 18665.5 105.75 DOLLAR ₹82.03 ₹0.082 EURO ₹89.12 ₹1.05 OIL $73.03 $1.11 GOLD ₹58169 ₹251
offer bribes,
on US probe news say recruiters
Devina Sengupta
US is investigating Adani’s statements to investors, report said devina.sengupta@livemint.com
MUMBAI
HDFC Life Insurance gets GST
Ram Sahgal
L
eading Indian recruiters demand of ₹942 crore
Ram.sahgal@livemint.com mARkET RIPPLES have demanded stricter HDFC Life Insurance Co. Ltd said it has
MUMBAI audits and blacklisting of received a notice from the tax authorities
The market value of 10 Adani group firms declined by $5.9 billion, the
Ashwini Vaishnaw, minister for electronics, IT and telecom, said companies that offer bribes for relating to goods and services tax (GST)
A
sharpest drop since 22 February.
dani group shares the first chip from the plant will be out by Dec ‘24. PTI job placements. The Indian dues of ₹942 crore from July 2017 till 31
Closing price (₹) % change March 2022. The notice relates to the
plunged the most by Staffing Federation (ISF), rep-
value in four months
after Bloomberg
reported that US
Adani Enterprises
Adani Transmission
Adani Power
2,233.55
757.5
242.4
-6.83
-5.83
-5.53
Micron India plant to resenting over a hundred
recruiters, plans to seek details
from Tata Consultancy Servi-
claiming of input tax credit. >P14
T
The combined market value of 10 Adani Green Energy 959.85 -1.54 he first semiconductor Meanwhile, companies that industry body,” Lohit Bhatia,
group companies fell by $5.9 billion Source: Bloomberg chip from US-based submitted their applications president of ISF, which
to $119.5 billion, marking the steep- Micron Technology last year under the $10 billion requires members to uphold a Dubbing restrictions limit reach
est decline since 22 February, when SHARP STING Inc.’s plant in India will roll out financial incentive scheme code of conduct, told Mint. of international content in India
it slid by $6.3 billion to $91.43 bil- SCRUTINy of Adani ‘WE are not aware of 15.2 million shares of by December 2024, said Ash- have been asked to reapply. Bhatia’s comments followed Despite the growing popularity of
lion. Adani Enterprises and Adani group follows any such subpoena,” Adani Ent changed wini Vaishnaw, minister for Micron’s investment will Mint’s report on Friday that international language programming in
Ports, both Nifty stocks, registered Hindenburg’s report the group said hands on NSE Friday railways, electronics, IT and come ahead of those proposed TCS discovered that a few sen- India, certain territories such as South Korea
a 6.83% and 4.2% decrease, respec- telecom. by Vedanta-Foxconn JV, Inter- ior executives entrusted with and Japan have refused to grant dubbing
SARVESH KUMAR SHARMA/MINT
tively, in response to the report. “The first semiconductor national Semiconductor Con- hiring thousands of critical per- rights to distributors and streaming services.
Other notable losers were Ambuja spokesperson said. “We strongly NSE on Friday, the highest since 9 unit of India will be set up by sortium (ISMC) and Singa- sonnel accepted bribes from Instead, they insist on subtitles. >P14
Cements, Adani Power, and Adani reject any suggestion that Adani February, while just 1.89 million Micron Technologies... We’re pore’s IGSS Ventures, which staffing firms, compromising
Transmission, which experienced group and its businesses have not shares changed hands, showing hopeful that within the next six submitted their proposals last the recruitment.
declines ranging from 4.3% to 5.8%. acted as per the regulations and that traders squared off their bets quarters, we should have the year. The government subse- In a separate statement on Jio plans to raise about $1.6 bn
An Adani group spokesperson accounting standards of the juris- before the market closing. first made-in-India semicon- quently modified the incentive Friday, ISF urged “all stake- for equipment purchase
said it was unaware of such a devel- dictions in which they operate.” On Adani Ports, the number of ductor chip rolling out of this scheme to attract more chip- holders, including corporates
Reliance Jio Infocomm Ltd is in talks to raise
opment. “We are not aware of any Despite the group’s clarification, shares traded of 15.4 million was the factory,” Vaishnaw said in an makers in October and in June and the government, to con- a loan for about $1.6 billion to fund the
such subpoena to investors. Our speculators had a field day on the highest since 15 March, when 15.5 interview. “Micron leads the 2023. sider engaging staffing compa- purchase of equipment from Nokia Oyj,
various issuer groups remain confi- cash counters of the two group million shares changed hands. memory chip manufacturing Vaishnaw said that the gov- nies that prioritize ethical according to people familiar with the matter.
dent that the disclosures are full and heavyweights. Here, too, delivery volumes were used by laptops, mobiles, serv- ernment requested existing employment practices and reg- Banks are involved in parleys with billionaire
complete as disclosed in the rele- A total of 15.2 million Adani ers, electric vehicles and tele- Mukesh Ambani’s telecom company. >P14
vant issuer offering circulars,” the Enterprises shares were traded on TURN TO PAGE 13 com equipment and is the fifth TURN TO PAGE 13 TURN TO PAGE 13
E
powerful audience that wields lectricity usage may cost tariff for the lean-demand
P
rime Minister Narendra enormous influence in deter- less during the day and period. This is also expected to
Modi said the momen- mining American foreign pol- more during the night, promote the use of renewable
tous progress in Ameri- icy. He highlighted democracy with the Union power ministry energy. Mint earlier reported
ca-India (AI) ties surpassed the and diversity as India’s innate preparing to roll out the that the system would be
Jayanth Varma, an external member of the monetary policy remarkable advances in artifi- values in a setting with con- so-called time-of-day (ToD) implemented in a phased man-
committee (MPC), says inflation risk has moderated. cial intelligence (AI) in the cerns about India’s recent tariff system. ner once the smart metering
seven years since his last record on both. He laid out a During solar hours, a stretch project is complete.
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he Reserve Bank of age to the economy. Do you are safer, democracy will shine Congress) and optimism as he Modi spoke about the chal- tariff mechanism, consumers duce the new system, which This will also ensure better
India’s monetary policy expect rate hikes off the brighter, and the world will be showcased India’s recent eco- lenges of the moment, includ- can reduce their electricity will take effect as soon as smart grid integration of renewable
is excessively tight as the table for this fiscal year? a better place…. Together, we nomic dynamism, social wel- ing the war in Ukraine, reaf- bills,” Union power minister meters are installed. energy and facilitate faster
optimal real rate is probably The real interest rate is now shall demonstrate that democ- fare, technological embrace R.K. Singh said. The new system’s key objec-
closer to 1% than 1.5%, said Jay- close to 1.5% based on forward- racies matter and democracies and global contributions, TURN TO PAGE 14 ToD tariffs will kick in first tive is to disincentivize energy TURN TO PAGE 15
anth Varma, an external mem- looking inflation projections,
ber of the monetary policy and there is no need for a
committee (MPC). In an inter- higher real interest rate to deal
view, Varma explained that as with the inflationary pressures
inflation falls as projected in that exist today. Inflation risk
the next three to four quarters, has moderated considerably
What happened to the Titan submersible in the deep ocean?
real rates will rise, and there- due to lower crude oil and
fore maintaining a pause could commodity prices and the Gareth Vipers long search for the submersi- Coast Guard Rear Adm. John Rescuers had focused on an
effectively abating of sup- feedback@livemint.com ble and its passengers. Mauger, who has been leading area where Canadian aircraft
mean tighten-
m INTERVIEW ply chain dis- The Coast Guard said the search. Experts previously detected banging noises
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ing. Edited ruptions. Infla- he five people inside a Thursday it found debris con- said death would have been underwater, officials said
excerpts: tionary expec- submersible that went sistent with “the catastrophic instantaneous in those cir- Wednesday. Officials said
You mentioned in the min- tations have come down and missing Sunday are loss” of the submersible’s pres- cumstances. Thursday there didn’t appear
utes that with every succes- are now well-anchored. I believed to be dead, according sure chamber approximately Asked about the prospect of to be any connection between
sive meeting, the stance is expect inflation to keep com- to the U.S. Coast Guard and the 1,600 feet from the bow of the finding the passengers’ bodies, the noises and where debris
becoming more and more ing down due to (a) the lagged company that operated the Titanic. Mauger said the operation from the vessel was found.
disconnected from reality. effect of the rate hikes that vessel. What’s the latest update took place in “an incredibly What is the timeline of
What should the stance be, were undertaken during the The craft, called Titan and on the search? unforgiving environment.” events?
according to you? last year or so, (b) supply-side operated by OceanGate Expe- The search uncovered five “We’ll continue to work and Officials are still piecing
If there is to be a stance at all, measures by the government, ditions, major pie- to search the area but I don’t together a timeline to deter-
it should be a neutral stance and (c) the lagged effect of dived in an ces of have an answer for prospects,” mine when the submersible
since the risks are now evenly declining wholesale prices. area about debris that he said. imploded, Mauger said.
balanced. In the past, I have Since inflation is expected 900 miles told investi- The Titan submersible, whose disappearance on 18 June led to a Teams and equipment from A top secret military acous-
argued for replacing the to be above 5% in the sec- off Massachusetts’ Cape Cod gators they had found the massive rescue operation, deep into the Atlantic Ocean. around the world converged in tic detection system designed
stance with projections by ond, third and fourth quar- on an expedition to visit the Titan’s remains, including a a remote part of the North to spot enemy submarines first
individual MPC members of ters, does it require a wreck of the Titanic. Titan lost nose cone and the front-end ocean floor in a smooth area which was helping with the Atlantic to help with the heard what the U.S. Navy sus-
the future trajectory of the pol- change in policy rates and contact with a research vessel bell of the pressure hull, offi- without any debris from the search. search. They combed an area pected was the Titan implo-
icy rate, and I would make the stance? on the surface about one hour cials said at a news briefing Titanic shipwreck, said Carl “The debris is consistent at least twice the size of Con- sion hours after the submersi-
same recommendation now as and 45 minutes into the dive, Thursday. Hartsfield of the Woods Hole with the catastrophic loss of necticut for the 22-foot-long
well. TURN TO PAGE 15 kicking off a desperate, days- The debris was found on the Oceanographic Institution, the pressure chamber,” said Titan. TURN TO PAGE 13
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