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NEw DELHI, MUMBAI, BENGALURU, KOLKATA, CHENNAI, AHMEdABAd, HydERABAd, CHANdIGARH*, PUNE*, LUCKNOw* VOL. 18 NO. 54 Rs. 10.

Rs. 10.00 . Price with Hindustan Times Rs. 15.50 16 PAGES

LOUBOUTIN’S
INDIA CONNECT
SATURDAY, MARCH 2 2024 Ahead of his fall-winter col-
lection show at the Paris
Fashion Week on 4 March,
designer Christian Loubou-
tin talks about how India
has influenced his personal-
ity, his design, his craft and
his sensibility
SEE PAGE 7

PMI AT 5-MONTH HIGH; GST ₹1.68 TRILLION IN FEBRUARY | PAGE 16

DELIVERING A
KNOCKOUT NIKHAT ZAREEN, LOVLINA BORGOHAIN, SAWEETY BOORA,
NITU GHANGHAS—THESE FOUR WORLD CHAMPIONS HAVE
CHANGED THE SCRIPT FOR WOMEN’S BOXING IN INDIA

THINK
The plurality
of Art Dubai
TASTE
The trick to Insta-
perfect mushrooms
CULTURE
Raam Reddy on his
film, ‘The Fable’
BUSINESS LOUNGE
Meet Third Eye
Distillery’s Vidur Gupta
02 SaturDay, 2 March 2024
New Delhi FIRST

PLAN THE WEEK


A NOTE FROM
THE EDITOR
NEW ON SCREENS AHEAD
Denis Villeneuve’s ‘Dune’ sequel, a limited series based on
SHALINI UMACHANDRAN James Clavell’s 1975 novel, and other things to watch

The women who DUNE: PART TWO


Denis Villeneuve’s delayed Dune
sequel is set to release this week-
end. The cast is loaded—Tim-

pull no punches othée Chalamet, Rebecca Fer-


guson, Zendaya, Austin Butler,
Florence Pugh, Léa Seydoux—but
an equally big draw is the
A PRACTICE UNDETERRED
BY CHALLENGES
director’s ability to conjure up

A
COURTESY BOXING FEDERATION OF INDIA wondrous CGI spectacle. The film new exhibition, Chitrak-
continues the story of Paul oodam, celebrates the life
Atreides, who slowly sheds his of artist C.N.Karunak-
scepticism about being a prophe- aran. Organised by the Sandeep
sied messiah and raises a mighty & Gitanjali Maini Foundation,
army of followers. (In theatres) Bengaluru, and Palette People,
Kochi, the show highlights the
practice of the artist, who played
a pivotal role in the modern art
movement post-independence.
Born in 1940 in Brahmakulam,
Kerala, Karunakaran was men-
tored by D.P. Choudhari and
K.C.S. Paniker. Undeterred by
challenges such as the loss of the
use of a leg due to typhoid, the
artist pursued painting and
design with a passion. In 1973, he
SPACEMAN founded Kerala’s first private art
A lonely astronaut on a solo mission at gallery, Chithrakootam. On dis-
the edge of the solar system is worried play at Maini Sadan, Bengaluru,
about the state of his marriage back on till 31 March, 10am-6pm, Mon-
Many years ago, when the roses and chocolates of fatuous, earth. Amazingly, counsel is offered by day to Saturday.
corporatised women’s day celebrations (which unfortunately an intergalactic spider. Based on the
continue) were annoying me more than usual and I was trying novel Spaceman Of Bohemia by Jaroslav
to (fruitlessly) explain to HR the idea of the day, I read a line on Kalfař, this film is directed by Johan
the official International Women’s Day website that went Renck (Chernobyl). It stars Adam Sand-
something like “when women are not present, we must ask ler, Carey Mulligan and Paul Dano.
‘why not?’.” It’s exactly what Nikhat Zareen did as a (Netflix)
12-year-old sprinter in Telangana when she saw girls
participating in every sport, except boxing.
And rather than just accept the answer, Zareen, and a num-
ber of other young women from smaller towns and villages,
including Nitu Ghanghas, Lovlina Borgohain and Saweety
Boora, have made space for themselves in the ring. Last year,
at the Women’s World Championship in New Delhi, India
won four gold medals. Ghanghas, Zareen, Borgohain and
Boora are our stars, who are now firmly focused on bringing
back medals from the Paris Olympics, as they tell Lounge ART fOR A CONNECTED
while also sharing the struggles they’ve faced. Their grit and WORLD
intensity is admirable and unquestionable, and yet, as our SHOGUN

G
cover story shows, there’s also a streak of fun at loving what A shipwrecked English sailor and a powerful feudal lord meet in 17th century allery Threshold is all set
they do, and a deep pride in how they are changing minds Japan. This limited series is the second pass made at James Clavell’s 1975 novel to present a solo show of
about achievement and ambition. Sportspersons’ pursuit after a 1980 series starring Toshira Mifune. It’s created by Rachel Kondo and works by Italian artist
of excellence is always inspiring, most of them having Justin Marks, and has an accomplished cast: Hiroyuki Sanada (Ring), Cosmo Tarshito N. Strippoli. Titled
transcended the gulf between the reality of their Jarvis (Lady Macbeth), Tadanobu Asano (Gohatto) and Anna Sawai (Pachinko). Vasudhaiva Kutumbakam: The
daily lives and the dream of prevailing. (Disney+ Hotstar) World Is One Family, the exhibi-
This is an issue of contrasts, and therefore, on an entirely tion was shown last year at the
different note, Vidur Gupta of Third Eye Distillery, the mak- Bihar Museum. Strippoli has
ers of the popular Stranger & Sons, talks about creating a cate- LAAPATAA LADIES created the works in collabora-
gory for Indian gins, while French fashion designer Christian Somewhere in rural India in 2001, two tion with Indian artists special-
Louboutin contemplates his love for Bollywood and its influ- young brides get accidentally swapped ising in 25 traditional forms.
ence on his work. We meet the artists showing their work at on a train. This comedy marks a wel- This is in sync with his belief
the ongoing Art Dubai 2024, and the ways in which their art is come return to the director’s chair for that the world is indeed one
prompting people to think about ideas of identity, humanity Kiran Rao, who debuted promisingly family, with artists sharing
and existence. And as always, we have a host of recommenda- with Dhobi Ghat in 2010 but hasn’t affinity with one another, irre-
tions for how to spend your weekend, whether it’s sports, art, helmed a film since. Laapataa Ladies spective of differences in lan-
books, music, film or food that’s your passion. first played at the Toronto Interna- guages or cultures. On view at
tional Film Festival last year. Starring National Crafts Museum,
Write to the editor at shalini.umachandran@htlive.com Pratibha Ranta, Nitanshi Goel, Sparsh Delhi, from 5 March to 15 April,
@shalinimb Shrivastava and Ravi Kishan. 10am-5.30pm (closed on
(In theatres) Monday).

Compiled by Uday Bhatia —Compiled by Avantika Bhuyan

LOUNGE DINE PLAY LIVE MOVE


ONLINE
Toasting to a cherry Women pro athletes Waiting forever to Six functional
YOUR good time in Lisbon continue to struggle bring a child home exercises to do daily
FAVOURITE
WEEKEND READ
C T M F
herry wine made in India may he Women’s Premier League ore than three years after Smita rom Crossfit to boot camps, func-
taste a bit like cough syrup, but (WPL) is back, and with it contin- Pranav Kothari and her hus- tional exercise or functional move-
NOW THROUGH in Lisbon, the sweet and spicy ues the global growth of women’s band filled in mounds of paper- ment is a term tossed around con-
local liqueur made from cherries called sports that started gathering serious work to adopt a baby, they unexpectedly stantly but are the exercises that we do
THE WEEK ginjinha (pronounced zhin-zhinya) is momentum last year. In 2023, the Indian brought home a little girl in December. at these fitness classes actually func-
one of the most unique, tangible cul- women’s cricket team played two tests. In the years between, they joined various tional movements? Do any of our real-
tural icons of Portugal. Sour morello In England, the Hundred Women’s WhatsApp and Facebook groups, filled life movements ever mimic a bench
The best of Mintlounge.in from cherries with pits are Competition successfully more paperwork, pre- press or the inverted leg
soaked in a clear spirit returned for a second sea- pared for parenthood, press? However, there are
the week gone by and what to called aguardente or a son. Tour de France Femi- exchanged notes with a number of exercises that
look forward to in the one ahead neutral spirit like vodka. A nin was a close and thrill- other hopeful adoptive mirror movements that
boiled, cooled syrup of ing battle. Formula One parents, created Excel we tend to repeat in our
sugar and spices is added announced a feeder pro- sheets to track their regular lives. Incorporat-
to the mixture and allowed to mature for gramme for women drivers. This is the progress, and tried very hard to crack the ing such exercises into your workout
a few months before serving. It’s like a best of times for women’s sports around Child Adoption Resource Authority not only make you fit, but self-sufficient
mulled-wine-meets-cherry-brandy, the world and yet, women athletes are (CARA) algorithm for matching babies too. Shrenik Avlani lists the six best
writes Raul Dias, who goes on a tasting still deprived a seat at the table and their with potential families. The wait seemed functional exercises that come into play
trail in Lisbon’s many, tiny hole-in-the- sports remains an afterthought, writes endless, she writes, as she shares what it in our lives when we bend or lift and
wall traditional bars. Shrenik Avlani. feels like to finally bring a child home. carry things.

lounge@livemint.com In Food >> Drink In News >> Talking Point In Relationships >> Raising Parents In Health >> Fitness
@mint_lounge
@livemintlounge

ON THE COVER: NIKHAT ZAREEN; PHOTOGRAPH FROM PTI

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FIRST SaturDay, 2 March 2024
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A writer of a divided world there. At the same time, she wasn’t one to In her trademark digressive style, she
RE READINGS look at the world through rose-tinted meanders down memory lane, remem-
glasses. As she said in 2005, “…when it bering the “Old Lady of Bori Bunder,” a
A monthly column on backlisted came to the freedom of women, the atti- nickname for The Times Of India, known
books that have much to offer in tude of all Muslims, irrespective of class, at the time for its “thoughtful and mature
contemporary times was the same… Our values and morals journalism.” She recalls Mehtab (1913-97),
were framed by the middle class after the the resplendent heroine of Chitralekha
1857 Uprising, and the intelligentsia from (1941) and Jhansi Ki Rani (1953), who
Qurratulain Hyder Aligarh played a major role in this.” opened a salon near Hyder’s home in
closely observed and In her 80 years, Hyder not only lived
through Partition, but also several wars
Bombay and worked as a hairdresser later
in life.
commented on the that tore through the subcontinent and Her glittering humour and sardonic eye
upheavals, like the vandalism in Ayodhya notwithstanding, Hyder
dilution of syncretic in 1992, which shook had a keen sense of
her profoundly. She had pathos and irony that
values both in India been a hair’s breadth defined democracy in
away from violence independent India,
and in Pakistan when in 1947, a mob of especially its slow dilu-
rioters threatened to tion into towards autoc-
break into the train in racy.
Somak Ghoshal which she and her As she wrote, “All
mother were travelling, those intellectuals who

M
arch is Women’s His- but they were protected spent their lives strug-
tory Month. It’s the by three American mis- gling for freedom from
time of year to cele- sionary women. Yet, the British were heart-
brate women’s writing Hyder was able to hold her broken and, after
across the world. But personal histories of independence, took
Qurratulain Hyder (1927-2007), one of belonging and alienation refuge in the very
the greatest minds of the 20th century, with clear-eyed lucidity, same Britain against
would probably have disapproved of the refusing to stray into senti- which they had
moniker. mentalism, blame-games, or fought and slogan-
Hyder, or Aini Apa (the pen name by easy nostalgia. eered, when the
which she was known), was a writer first, If the stories in this anthol- governments of their own
in her own right. Labels of religion, eth- ogy are a class apart for the pace and sus- countries, India and Pakistan, placed
nicity and gender can scarcely do justice Fatima Rizvi and Sufia Kidwai, and When Hyder visited the Urdu essays appeared in a wide variety of publi- pense with which they unfold, it is in the restrictions on them.”
to her prodigious vision of humanity or recently published by Women Unlimited, Academy in Lucknow, she cations, giving her prominence as well as memoirs and essays that we glimpse a Along with the post-colonial state’s
the skill with which she expanded and is pure gold. remarked that the institution notoriety. Few writers in Urdu before her mind that is like a flintstone—sharp, flam- restrictions on free speech and cultural
reimagined the scope of Urdu, the lan- Hyder’s literary as well as personal leg- had become stuck in a time had pushed the classical foundations of mable, fiery yet unostentatious. Where policing, Hyder witnessed the gradual
guage she mostly wrote in. As she said in acy is one of the many reasons that makes warp, like the language it the language into uncharted modernist you would expect maudlin grief for the erosion of values, knowledge systems, and
a tribute to fellow Urdu writer Anis Kid- this volume required reading at this time. fostered. GETTY IMAGES terrains, either to create genre-bending lost world of the yore, Hyder weds her the double helix of Hindu-Muslim iden-
wai (1906-82), shortly after the latter’s The title is poignant and has been invoked narratives or in the service of a stream of journalistic rigour with the nuance of a fic- tity. And so, in the late 1990s, when she
death, “The keepers of social equality by others to talk about the lives of Indian consciousness style. Until 1959, when a tion writer to document the changes that visited the Urdu Academy in Lucknow,
committed a grave injustice against capa- Muslims. (The former Union minister, huge controversy erupted after the pub- befell during her lifetime. she remarked that the institution had
ble women writers by compartmentalis- Salman Khurshid, who published a book lication of Aag Ka Dariya, a novel about As a journalist with The Illustrated become stuck in a time warp, like the lan-
ing literature into categories of ‘men’s’ about the history of Muslim identities in syncretism and revisionist tendencies, Weekly Of India, among other publica- guage it fostered. “Urdu had now become
and ‘women’s’ literature.” India in 2014 is a case in point.) In Hyder’s and Hyder decided to return to India. tions, Hyder wrote about the film world of like a modest woman sitting behind a veil
Yet, few writers from the subcontinent, case, this title is a double-edged sword. The stories, interviews, essays and Bombay (now Mumbai), the city she set- in a slow-moving palanquin.”
or indeed from anywhere across the Born in Aligarh, Uttar Pradesh, Hyder memoirs collected in At Home In India tled in with her mother after returning Back in the 1970s, Hyder observed, “It is
world, deserve to be celebrated this sea- left for Pakistan with her family in 1947 as capture this complicated inheritance from Pakistan. Among the many gems in nearly thirty years that the subcontinent
son, and for all time, as Hyder. If you want the bloody violence of Partition broke Hyder was able to hold her that trailed writers like Hyder, Attia Hos- this volume is a beautiful portrait of won its freedom, and nothing has
to taste her sheer genius, Aag Ka Darya out. By this time, she was a feisty sain, Ismat Chugtai, Khadija Mastoor and Kaneez Fatima, the daughter of Jaddan changed.” Unfortunately, that undercur-
(River Of Fire), first published in 1959, is a 20-year-old, brought up on liberal values personal histories of others. After growing up in the best tra- Bai, who attained stardom under her rent of fear and chaos has not been
remarkable novel to start with. But, in by her progressive writer parents, Sajjad belonging and alienation with ditions of Ganga-Jamuni tehzeeb, where screen name of Nargis. An Epoch-Making stemmed by the democratic promises of a
case you want a more panoramic view of Haider Yildirim (1880-1943) and Nazar clear-eyed lucidity, refusing to syncretism was a way of life rather than Actor, which is largely focused on the life Superpower India even in 2024.
her life and career, At Home In India: Sto- Sajjad Haider (1892-1967). an acquired habit, Hyder was disturbed of the heartthrob of the 1940s and 1950s,
ries, Memoirs, Portraits, Interviews, edited Hyder spent the next few years as a
stray into sentimentalism, by the deep-rooted conservatism of Paki- is also Hyder’s account of the shifting Somak Ghoshal is a writer and editor
and translated from the original Urdu by journalist and writer, and her stories and blame-games or nostalgia stan, especially by the status of women mores of the media and movie worlds. based in Delhi.

Medium Talk STUDIO EEKSAURUS


More than small talk

Why apologies matter


HEART OF THE MATTER
A fortnightly column
about emotional well-being

A good apology involves


taking accountability for
our behaviour and
making a commitment
not to repeat it (from left) Stills from ‘Kanditunnd!’ and ‘Bramayugam’.

Reviving Chathan’s lore


Sonali Gupta

J
ust as rupture and repair are part of
relationships, so are apologies. At the
same time, in my experience, all apol-
ogies don’t lead to repair. How the
apology is worded and the tonality used
to communicate what must be said goes Wording and tonality of the apology goes a long way towards healing. ISTOCKPHOTO
With films like han (Chhota Chetan in Hindi) was your
first introduction to this supernatural
your enemy till he cracks,” he narrates.
Friendly ghost? Evil spirit? Mischie-
a long way towards whether it is seen as a ‘Bramayugam’, mystical entity. Released in 1984 as India’s first 3D vous goblin? Who is this Kuttichathan?
good apology or not. Some apologies can “I’m sorry”. This needs to be followed by with a couple, who were clients, where film, the 3D glasses were as much a con- The answer to the question depends on
lead to further rupture and leave the per- specifying what you are apologising for. one person explained that their partner characters from Kerala versation point as the young Chathan’s who you ask. Part of folklore and reli-
son receiving it more hurt, disappointed, My understanding is that a lot of adults had apologised and said, “I’m sorry that lore continue to awe antics. The 2022 film, Kumari, starring gious culture of north and central Kerala,
and angry. struggle to take ownership for their own I started shouting, if only you were listen- Aishwarya Lekshmi, features the Chat- for a lot of people, he is an entity who can
Words like “thank you” and “sorry” are actions. As a result, apologies very often ing and not interrupting, I would have new audiences han in a benefic role too. There have be used to do good or bad. Kannur-based
what we learn early in our life. As a child, come across as vague, unclear and not not gotten into this rage.” been a few iterations of this supernatural doctor Tradib Jayapal describes him as
when I said sorry, it seemed like a behav- explaining what behaviour or action the I worked with the couple and we dis- character in Malayalam films in the last “a god for the common man”. He is the
iour and an action step that allowed me to person is taking responsibility for. cussed accountability. In a later session, Mahalakshmi Prabhakaran couple of years—the most adorable (no, guy you go to when you want your prayer
address my own misbehaviour and move Being specific about how we hurt the the couple reported that how the apology mahalakshmi.prabhakaran@htlive.com really) being from the 2023 National to be answered fast, says Jayapal.
forward. My understanding as a therapist other person tells them that we have was worded made a difference to their Award- winning animation film, Kandit- According to Tantric lore, Kuttichat-

I
is that adults really struggle to apologise. introspected and thought about our relationship. What the partner said this can’t find my Insta post on Kuttichat- tund! (Seen It!). han is a little spirit who can be conjured
Whether it is in friendships, work or inti- actions and behaviour. It indicates an time around was, “I’m sorry for my han. I wonder if this mysterious disap- Produced by Studio Eeksaurus, a up to do your bidding, explains Prem K.,
mate relationships, people often enter a awareness. This needs to be followed by behaviour of shouting and harsh words. pearance has to do with him,” joked Mumbai-based film production house a Bengalurean who loves studying super-
score-keeping narrative when it comes to the next step of articulating an awareness I have thought about my behaviour and my friend about this supernatural char- and animation studio, the almost 12-min- natural phenomena. “However, the point
who apologises first in a conflict or when about how our behaviour made the other I feel shameful about it. I know how acter from Malayalam folklore, who is ute-long animation short that was with all entities you conjure up is that you
things don’t work out. person feel. Our actions have consequen- much it scared and hurt you. My earlier known for his mischievous streak. released on YouTube on 14 November, end up having a battle between master
An act of apology is a tender moment ces and as a result, when we openly attempt at the apology seemed evasive, Currently, Kuttichathan is also the dia- 2021, is a delightful documentation of and the servant,” he says. It is this power
that requires us taking accountability for address the impact our behaviour had on I’m going to work on managing my anger bolical antagonist (played by Mam- ghosts and ghouls from Kerala folklore. play between the master and servant that
our own behaviour and owning up to it. the other person, we give them a chance and rage. I promise I will not repeat this mooty) spooking Malayali audiences Using hand-drawn animation by the forms the crux of Bramayugam’s story.
It requires awareness about the role we to feel seen, heard and understood. behaviour in the future.” with his telekinetic and soul-sucking film’s director Adithi Krishnadas, sound In a way, what the movie has done is
played in a fight and how our choice of This needs to be followed by clearly We don’t have control of whether our abilities in the movie Bramayugam, design by Resul Pookutty and music revive an old lore, presenting it to a
words and actions left the other person stating a sincere wish that given this apology is accepted or not. That’s why it’s directed by Rahul Sadasivan. Set in a run- score by Nandu Kartha, the short film younger generation in a more aesthetic
hurt. understanding, we will not repeat such important to remember to give people down mansion and shot in black and introduces the viewer to spooky charac- way with high technical production val-
A good apology requires vulnerability, behaviour. I often suggest that clients time after you have made an apology and white, the period film has quite a few ters like the eenampechi (pangolin) and ues and a great cast. For Eriyat, it’s a win-
sincerity, courage and a deep desire to supplement this by stating some action then know that sometimes there may be spine-tingling moments but beyond that, arukola (faceless spectre) through some ning formula. “I have had Malayalis
move past the conflict, followed by an steps that they will take to avoid such a no response from the other person, or what it also did was it introduced me, a imaginative story-telling by P.N.K. Pan- everywhere telling me that Kandittund!
intention and commitment to act in ways situation again. forgiveness. non-resident Keralite, to a new facet of icker, the nonagenarian father of Studio reminded them of their grandparents
that prevent or avoid the occurrence of We need to pay special attention to the Kuttichathan. Who was this vile shape- Eeksaurus’s founder, Suresh Eriyat. Pan- who’d narrate similar stories to them,”
similar situations in the future. As adults, fact that while making an apology, we do Sonali Gupta is a Mumbai-based clini- shifting character who was the diametric icker’s sing-song voice describes Kutti- says Eriyat. There are requests for a
we need to be mindful of how we choose not use conditional words like, “but” and cal psychologist. She is the author of the opposite of that friendly spirit in My Dear chathan as a mischievous spirit who is sequel. “People want to see more of these
to word an apology. “if only”. These words take us far away book Anxiety: Overcome It And Live Kuttichathan? generally called upon when you want to stories,” he says, underlining an almost
What helps while formulating an apol- from an apology, and make it sound like Without Fear and has a YouTube channel, If you were a kid who grew up in the sort your adversary out. “By pelting universal truth—everyone loves a well-
ogy is to use sentences that begin with, an excuse. I remember a conversation Mental Health with Sonali. 1980s and the 1990s, My Dear Kuttichat- stones or scattering excreta, they pester made story. The scarier, the better.
This PDF was uploade To Telegram channel_https://t.me/Magzines_latest_Newspaper(send Me Message telegram ya WhatsApp This number 8890050582)
04 SaturDay, 2 March 2024
New Delhi HOW TO LOUNGE

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A still from ‘Sand Job’.

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tage Top Gear. The two-hour film captures a highly cinematic trek across the
Sahara Desert in a modified Aston Martin, a Maserati and a Jaguar. This fact
that they’re driving unfit cars—instead of picking desert-ready souped up
4x4s—is what makes the difference. Like the men driving them, these cars
have no business cutting across the dunes of Mauritania and doing the last leg
of the legendary rally race once called the Paris-Dakar, but both the men and
the cars improvise.
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charisma reminiscent of Jerome’s George, whose grand schemes frequently
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talking with this “Twist” befuddled companions.
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meticulously dissecting pick up her second Oscar this year for
the engineering marvels the film Poor Things. While we wait for
of supercars, or the his- that Yorgos Lanthimos film to come to
tory contained in ancient India, do watch his superb The

LOUNGE LOVES libraries, May’s dry wit


and pedantic tendencies
add a layer of intellectual
Favourite (Netflix) which stars
Stone, Rachel Weisz and
an Oscar-winning
depth to the trio’s escapades. Olivia Colman.
And then there’s Hammond,
Things to watch, read, hear, do—and other curated experiences from the team the daredevil maverick whose
boundless enthusiasm mirrors the
A HIGH FASHION DRAMA adventurous spirit of Harris from the book, his
ashion label Balenciaga has raked up so impulsive nature often leading to comedic conundrums. From ill-fated

F many controversies in the past few years,


it’s easy to forget the man who lent his
name, and life, to make it one of the most
attempts at DIY engineering to hair-raising feats of automotive acrobatics,
Hammond injects a sense of reckless abandon into the group dynamic, much
to the amusement (and occasional horror) of his comrades.
storied couture labels we know. Disney’s Sand Job sees our intrepid trio almost drive on to a minefield—then debate
biographical series, Cristóbal Balenciaga, whether putting up a cautionary sign for a minefield would be as effective as a
which premiered in January, corrects that. minefield itself. The nothingness of the desert is awe-inspiring, as is a
With Alberto San Juan in the titular role, the sequence where the cars go hunting for a great big eye, and we see a landmark
Spanish series has managed to draw the of the Sahara that takes the breath away. Meanwhile our three hosts thirst
reclusive designer out from the curtain he constantly for beer and gin in a dry Muslim country, until finally Clarkson
loved hiding behind. The show, aided by a announces that he knows an off-licence that has a branch in every capital city
fleet of stunning dresses, also feels like a crash in the world: the British embassy. Classic.
course in fashion history. What I enjoyed Clarkson is 63, May is 61, Hammond is 54. They may once have been spry
AN ANDROID IN SPACE most were the quiet moments that show BALM FOR A SCRATCHY THROAT young coupes, but they are now creaking muscle cars that belong behind
very version of Android brings Balenciaga bent down poring closely over the here is no denying that winter in glass. Yet there they are, looking at the longest train I’ve ever seen, and fill-

E with it an Easter egg, a hidden


feature inside the phone’s set-
tings (go to “About device” and then
stitches of a dress.
—Mahalakshmi Prabhakaran T the National Capital Region has
been particularly brutal this
year. The chill, combined with high
ing each other’s cars up with sand. An underlying feeling of romanticism
spurs them on, and their joy is infectious; they can’t believe their own luck,
playing with toys for a living. Even when the world, and their audience, have
“Android version”). Finding the Easter levels of pollution, resulted in bouts of moved on.
egg is like a treasure hunt. Down the ANGELS AND DEMONS cough, which simply refused to go Drag races don’t mean what they used to. Once they were about cars gun-
years, there have been many memora- have been a fan of British author Janice away. I spent most of this winter in a ning it hard, obscenely burning rubber and fuel in a gloriously loud dash to a
ble Android Easter eggs—the modi-
fied Flappy Bird game in Android 5.0
Lollipop, for instance—but Android 14
I Hallett’s mystery novels since her first, The
Appeal, came out in 2021. Hallett has now
written her fourth novel, The Mysterious Case
quandary as the usual home remedies
of turmeric milk and kaadha, made
with spices and herbs, didn’t alleviate
finish line. Now they are a show about fashion.
This world has little room for these men—once television icons who ran
one of the most viewed shows across the world—who are now entirely out of
takes it out of this world. Themed Of The Alperton Angels, using the same style: the scratchy throat. Then in the begin- their depth. There is something to be said about them understanding their
around space, the new Easter egg the “found footage” mystery where the reader ning of February, I discovered Makai- own lack of significance. This is their penultimate adventure, they claim, but
shows the Android 14 logo as a space pieces together a crime and its investigation bari’s white peppermint bark tea, there is little fanfare. There is, however, much fantasy.
mission patch floating among stars. using seemingly disjointed emails, letters, which I had forgotten about, in the Like in the book, we laugh at the characters more than we do with them.
When you tap the logo repeatedly, fol- newspaper clippings, text messages and other kitchen cupboard. Made with organic This is what Britain has come to now. Three unwise men, daft as the UK’s poli-
lowed by a long press, your phone epistolary material. Alperton Angels has a white tea grown in the estate of Makai- ticians and as tone-deaf as their newspapers, bumbling across the world while
vibrates—almost like the launch of a dogged journalist and true-crime writer bari in Darjeeling, the tea contained they still can. Rooting for these three feels like rooting for camaraderie itself. I
spacecraft—and the screen moves to a looking into the case of a cult that imploded hints of peppermint, which is believed enjoyed Sand Job so much I wish it were their last go-around. Thank you, gen-
hidden game where you control a tiny around 20 years ago in mysterious to soothe a sore throat. Since Febru- tlemen, for tilting at exotic windmills in shabbily customised supercars and
spacecraft as it floats around in space. circumstances, including several deaths and ary, I have been sipping away on this for always saying the wrong thing. Thank you for not knowing better. Thank
The game also shows you the space- the disappearance of a baby. The book is a bit comforting concoction, alternating you for the memories—to say nothing of the cars.
craft’s coordinates, velocity and infor- tough to get into at first, given the lack of between the tea and kaadha, and the
mation on the nearest star. Try it out exposition, but it’s a delicious challenge for cough is finally showing signs of bid- Raja Sen is a screenwriter and critic. He has co-written Chup, a film about
yourself. —Nitin Sreedhar the crime nerd. —Shrabonti Bagchi ding adieu. —Avantika Bhuyan killing critics, and is now creating an absurd comedy series. He posts @rajasen.
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THINK SaturDay, 2 March 2024
New Delhi 05

K-drama is far from the real lives of Korean women


ISTOCKPHOTO

Korea. And if you have been reading the Back in 1960, a Korean woman along ideological lines—boys on the
occasional headline, you know that the would have had six children on an aver- right and girls on the left. It explains
CHEAP deeply romantic K-drama land is radi-
cally different from the everyday lives of
age. As of 2022, the birth rate became
0.78, the lowest in the world. And this
the wave that brought the current
Korean president to power. Back then,
THRILLS Korean women. And just as a viewer finally panicked the Korean establish- the exit polls recorded that 58% of
from India, all the obstacles in front of ment. Instead of asking why women women (in the 18-29 age group) had
NISHA true love in drama land seems familiar, were taking this position, they decided voted for the progressive candidate
SUSAN as a woman from India, all the obstacles to spend millions of dollars in propa- Lee Jae-myung while almost 59% of
in front of Korean women also seem ganda to get women back on the pro- men in the same age group had voted
familiar. gramme. Propaganda is the only word for Yoon Suk-yeol. John Burn-Mur-

I
know your eye is on Korea, no need If you read Cho Nam-joo’s 2016 novel for it. Way back in 2016, the govern- doch, the Financial Times columnist
to tell you to look in that direction. Kim Jiyoung, Born 1982 , depending on ment had the genius idea of publishing who analysed the global Gallup data,
Back in 2014 when Euny Hong wrote your fondness of realism as a genre, you online a birth map showing the num- drew what he called a key insight from
The Birth Of Korean Cool, the subtitle might be aghast or satisfied. The protag- ber of women of reproductive age in political theorist Rosie Shorrocks.
went How One Nation Is Conquering onist is the second of two daughters, each district to shame low-achieving Shorrocks has argued that religion
The World Through Pop Culture. If Hal- older than the much-awaited son regions; the website was shut down fol- used to moderate women’s economic
lyu (“Korean Wave”) was in the middle (sounds familiar?). School, college, lowing a backlash. left-wing tendencies but as religiosity
of its conquest back then, in the last work, marriage, childbirth—it’s all Women have not budged and the has become less important for younger
decade it has definitively hit the vici extremely grim. The novel spells it state’s panic about an ageing popula- women, it has “led them to be more
end of the veni vidi vici plan. 2014 was out—Korean women have the cards tion and dramatically declining fertil- left-wing in line with their economic
before Squid Game, before Parasite, stacked against them from birth. The ity has continued. Given this situation, preferences”.
before billboards celebrating BTS went book has sold over a million copies in it was disturbing to read about the When I was in school, NCERT social
up in Indore, before Chennai hosted Korea. Now, I have a general allergy to 2022 national election which brought science textbooks had a very terse writ-
K-pop dance contests, before south books that tell you the grim truth of a an avowedly anti-feminist President ing style—perhaps in response to the
Delhi folks trekked to Ghaziabad gendered reality and vastly prefer con- Yoon Suk-yeol to power. It was like vast millennia it had to cover over a few
movie theatres for special screenings of suming art and daydreams in which the Andrew Tate, the controversial social grey pages. It did lead to some confu-
K-pop concerts, before The Vegetarian, world is egalitarian and good-looking. media influencer known for his misog- sion. For instance, I remember reading
Cursed Bunny and Love In The Big City But it’s hard to look away when you read ynistic content, had got all the votes. a line that said men spoke Sanskrit and
and other Korean fiction became a sta- news that a female K-pop star who said But then isn’t that the case in most women spoke Prakrit. I spent a lot of
ple of Booker lists. And it was well she had read Kim Jiyoung got massively right-wing establishments, a nice solid time wondering how they spoke to each
before Korean dramas, original flavour, trolled and threatened by male fans bedrock of anti-women sentiment other. (You can guess how good my his-
no squid, became the happy place of (because how dare she?). This is the Korean women are choosing being single over a life of following traditional gender roles. upon which you add different toppings tory marks were from this revelation.)
millions of people around the world. kind of headline that is compelling and and sauces? Today, the idea that women and men
I know you are looking Seoul-wards again, familiar. Nam-joo novel). “B” here is an abbrevi- out in a hypercapitalist society with tra- This month, I was intrigued to read have been taught two different langua-
and your gaze is warm but I wonder What is not familiar and I simply can- ation for four words that start with bi-, ditional gender roles. This would new research that made Korean poli- ges from birth does not seem that out-
whether you have the same difficulties not look away from is the next episode, or “no”. The movement has a simple, sound like one of those trend stories tics clearer and indicated where some landish.
as I do in keeping Hallyu Korea separate so to speak. Korean women have radical agenda —No Dating, No Sex, No you read in the international pages parts of the rest of the world might be Nisha Susan is the author of The
from real Korea where people live their responded to this situation with the 4B Marriage and No Children. Korean with mild scepticism—nice photo but headed too. According to a Financial Women Who Forgot To Invent Face-
lives. I do, a little so every now and then movement, which started in 2019 women are actively and loudly choos- really? Except, oh baby, there are no Times analysis of Gallup data from book And Other Stories. She posts
I like to read a few headlines from (partly inspired, apparently, by the Cho ing single lives rather than being burnt babies. around the world, Gen Z is split starkly @chasingiamb.

PHOTOGRAPHS COURTESY EMAMI ART

MAKING AN
INQUIRY, NOT
A STATEMENT COURTESY GALLERY LATITUDE 28

The work of emerging


artists at Art Dubai
2024 leads viewers to
contemplate various
ideas of healing and
empowerment
Avantika Bhuyan
avantika.bhuyan@htlive.com

A
painting of a tree, laden
with tendrils, vines and
blooms, catches the eye.
Framed within an upside-
down jharokha (a stone
window), it seems suspended between sky
and earth, the sole sovereign presiding
over a vast empty landscape. Manjot The art on show explores such ques-
Kaur’s work,The Portrait Of A Tree In A tions, looking at a series of practices,
Jharokha, on show at Art Dubai’s Baw- which range from the deeply personal to
waba section, in her signature style, melds the collective, and resulting in a showcase
the beauty of Indian miniature painting that is more of an inquiry than a state-
with a compelling contemporary narra- ment. Valdés hopes the art will prompt
tive. The 35-year-old contemporary artist visitors to draw their own conclusions
from Chandigarh has always explored about how looking within might prompt
speculative fiction, challenging human- us to reconsider the way we relate to oth-
centred narratives. ers. “I believe that the way we treat our-
“Manjot Kaur’s works explore what it selves is our first political stance. Are we
means to be human and what it means to empathetic? Are we compassionate? Are
be non-human, and where these modes of we respectful?” he says.
being meet and are at tension with each The Bawwaba and the Art Dubai Com-
other. Her paintings open up possibilities missions Programme both revolve around
for a post-gender and post-human world,” similar ideas. While the Bawwaba focuses
explains Emiliano Valdés, curator, Baw- on one-person presentations, the Com-
waba and Art Dubai Commissions 2024. missions Programme has a series of per-
Kaur, who is represented by Delhi’s formances and activations during the fair.
Gallery Latitude 28, is just one of the Valdés cites the example of Guatemalan (clockwise from top, left) tures through which he (re)thinks of the an aid in producing art, human thought
Indian artists whose work Valdés is artist Manuel Chavajay who draws from ‘Turmeric’ by Manjot Kaur, relationship with himself and with the and creativity remains very much at the
excited to be featuring as part of the Baw- his ancestral indigenous heritage to speak gouache and watercolour on world,” elaborates Valdés. heart of digital art. Alfredo Cramerotti and
waba segment of Art Dubai. Bawwaba, about the importance of being connected paper; a sculptural costume Another exciting and relevant section at Auronda Scalera, who are the curators of
which means gateway in Arabic, focuses world, including a sizeable population to one’s landscape and lineage in order to and headdress by Debashish the fair is the digital one. In fact, Art Dubai the section this year, explain that the art-
on emerging artists and is one of the most from the subcontinent, are choosing to deal with worldly issues. The artist’s self- Paul from a recent is the only international fair to have a ded- ists address this tension and how it can be
compelling sections of the three-day fair, base themselves in Dubai. The fair portraits show moments just after waking performance, and his new icated digital segment. Benedetta Ghione, experienced in daily life by from re-think-
which is on till 3 March at the Madinat addresses such pluralities of cultures as up. According to the beliefs of his commu- drawings and photographs. executive director, Art Dubai, says artists ing notions of identity and the body in the
Jumeirah Conference and Events Centre, well through its programming, making it nity, this is the time when messages from have always been among the first to exper- digital realm as well as rebalancing time
Dubai. This year, the section is themed an apt converging point for contemporary ancestors are transmitted to ‘aware indi- iment with and embrace new technolo- and awareness through virtual and phy-
around Sanación/Healing. Other artists galleries from India such as Shrine viduals’. “This is an example of a practice gies, and so it’s no surprise that this is the gital experiences.
from India include Laxmipriya Panigrahi Empire, Experimenter and Exhibit 320. from non-Western cultures, and provides third year they are presenting a digital Stephan Breuer’s work, presented by
(Anant Art), AVAF or Assumed Vivid Astro The theme of healing is pertinent in a a more rooted relationship with the section. “The technologies around block- Espace Gallery, for instance, blurs the
Focus (Baró), Arshi Irshad Ahmadzai world that is still grappling with the world,” says Valdes. chain, Artificial Intelligence and lines between virtual reality and divine
(Blueprint12), Debashish Paul (Emami impact of the covid-19 pandemic, as well Another artist who is challenging set Extended Reality (XR) are moving so fast, consciousness, inviting viewers to explore
Art), Manuel Chavajai (Extra),and more. as war and conflict, and the works exam- norms around the body and intimacy and and we felt it was important to create a the transcendent through immersive
The annual fair has been showcasing ine the personal and the sociopolitical. who is part of the Bawwaba is Debashish kind of bridge between what the artists are experiences. “Shirin Abedinirad’s trans-
modern and contemporary works since Valdés says the idea of healing is generally Paul from Bengal. The multidisciplinary doing, and the general public,” she says. formative installations at Sanji Gallery
2007. The 17th edition, featuring over 100 positive, but the impact of our search for artist is known for his performances, and The visitors this year will see every- beckon us to ponder the interconnected-
presentations drawn from nearly 40 a better relationship with ourselves and uses site-specific photography to express thing from a show celebrating 10 years of ness of nature, technology and spiritual-
countries, continues to emphasise shared the world on society remains to be seen. complex emotions and draw connections blockchain art presented by Dubai- ity. Through the incorporation of light,
histories in the Global South, while also “Sanación inquires into this relationship: between the body and the landscape. At based collective MORROW to cutting- digital technology and sound, Krista Kim’s
showcasing community-led narratives Is personal and spiritual growth necessa- Bawwaba, Kolkata’s Emami Art is present- The art on show looks at a edge robotics, AI and generative art. creations challenge viewers to contem-
and offering an alternative to Western-led rily linked to a better society or has it been ing his new drawings and photographs “The idea of growing with the scene is plate their embodiment, well-being and
narratives of art. Many organisations and co-opted by the individualism of the West along with sculptural costumes from a series of practices, which important, and we are launching a new perception in a world increasingly shaped
institutions across Asia, and beyond, and is only an exacerbation of the self?” recent performance. “Debashish Paul uses range from the personal to Digital Summit this year, bringing by technology,” says Cramerotti.
choose the fair to reach a wider audience, says Valdés. “Art has historically been a ritual and performance to develop a high the collective, and resulting in together leaders in their fields to share For now, Art Dubai Digital remains a
given Dubai’s location at an intersection space for introspection, which, in turn, is sense of awareness with his body, his con- their expertise on where art and technol- platform for exploration, where art
between the East and the West. connected to spiritual notions but how are text and his ideas. Movement and props
a showcase that is more of an ogy coincide,” says Ghione. becomes a catalyst for introspection, rein-
Moreover, people from all over the these ideas connected exactly?” allow him to temporarily become crea- inquiry than a statement While technology acts as a medium and vention and societal transformation.
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06 SaTurDay, 2 March 2024
New Delhi TASTE

WHEN THE ‘SHABDEG’


ISTOCKPHOTO

TURNED BEET PINK FOR REPRESENTATIONAL PURPOSES ONLY

Reviving a lost Rampuri included a recipe of the Kashmiri shabdeg,


which is very similar to the Rampuri shabdeg
recipe in Bhopal except that the broth in his recipe was mixed
into the mince for the meatballs.
becomes a lesson in The most important ingredient in the Kash-
miri shabdeg is ver, a Kashmiri masala mix
understanding that which is added at the end. In Curry: A Tale of
food has to evolve and Cooks and Conquerors, author and food histo-
rian Lizzie Collingham writes that shabdeg
TEA NANNY
adapt to local tastes migrated to Awadh with the Kashmiri labou-

Tarana Husain Khan


rers in 1784 when Nawab Asaf-ud-daulah was
building the Bada Imambara in Lucknow—
the first food for work programme. While the
Time for tea to
large meat cauldrons bubbled all night super-

show its fun side


I
first came across a recipe for Rampuri vised by the local cooks to feed the workers in
shabdeg while flipping through the the morning, the shabdeg edged in and
cookbook Shahi Dastarkhwan writ- became quite popular in Lucknow.
ten by Latafat Ali Khan Rampuri, a Shabdeg also migrated to Delhi, a version
Rampur khansama, in the 1940s. described in Sadia Dehlvi’s book Jasmine And Aravinda Anantharaman
“Rampur style of shabdeg is very popular Jinns. There, it is a kofta curry with whole car-

I
and famous. In my opinion there is no rots and/or turnips. Dehlvi explained that the was in Guwahati in January to attend an event celebrating
shabdeg as delicious and elegant in all dish used to be cooked overnight but an 200 years of Assam tea. There were sessions on topics that
of Hindustan,” the book said. I abbreviated version is prepared nowadays. the industry is preoccupied with these days. 2023 was not
turned to members of the former Soon Aslam and I were ready to take our a good year for the global tea industry. It’s struggling with low
Rampur royal family who had favourite dish among all the ones we had prices, adopting technology, improving soil health to tackle
tasted the now forgotten dishes revived to the world. The Rampuri shabdeg climate change and dealing with an oversupply of black tea.
of Rampur in Uttar Pradesh. was the showstopper at the grand finale of Brands need to rethink how they market tea.
They remembered the Rampuri the four-day Rivaayat Rampur Food Festival Interestingly, of the several cups of tea I sampled at the
shabdeg, a meat and turnip stew at the Jehan Numa Palace Hotel in Bhopal event, no two were similar. I had some classic Assam orthodox
with origins in Persian cuisine. It last year. The hotel’s chefs and I, along with black tea from storied estates like Amgoorie, Harmutty and
had dropped off menus some- my team, were showcasing reimagined and Dejoo. There was a fiery and sharp black tea blended with bhut
time in the 1960s because of its recreated dishes of royal Rampur cuisine. jolokia and pepper by Assam-based Aromica Tea. I even
elaborate and complex cooking Apart from shabdeg, we made dishes like embraced the instant chai premixes that are proliferating
method—a fate shared by many kundan qaliya, do gosht pulao, Taj kababs and these days. Wagh Bakri, Goodricke and Chaayos offer a sweet-
other royal dishes. adrak halwa. ened range while TeaFit has unsweetened premixes. The
Shabdeg became one of the 40 But we came across an unexpected hitch. I highlight had to be the tea brewed in a nifty new invention, a
lost dishes of royal Rampur cuisine was going over the dinner menu with Aslam in chai machine called cha.i by Pune-based Carafe Werk. Cha.i,
that my team of Rampur khansamas the hotel kitchen when head chef Jeevan came which is not out in the market yet, uses AI and can be pro-
and I planned to revive under the in. He had just seen the description of the grammed to make everything from green tea to chai.
Forgotten Foods project funded by dish—a meat and turnip stew. “Bhopalis don’t Returning from Assam, I have been thinking about what
the Arts and Humanities Research like turnips,” he said, and suggested potatoes can be done to support the tea industry. Buying directly from
Council, a UK organisation that funds as a replacement. I reasoned with him. The farmers who have taken to retailing online, and choosing bet-
cultural research across the globe. turnips, soft and soaked in the curry, were a ter quality tea even if it costs a little more than the supermar-
Shabdeg had not found mention in the counterbalance to the meatballs. The texture ket fare are some thoughts that come to mind. However, our
three 19th-century Persian manuscripts writ- of potatoes was completely different; shabdeg problem is that we are habituated to a single tea—CTC with
ten by Rampur gourmands, which are pre- was not a variation of alu-gosht. milk and sugar.
served in the Rampur Raza Library and I pressed on with my case of turnips in shab- One of the speakers at the event talked about tea being fla-
formed the core of my research. Aslam, a Ram- deg through the morning of the grand finale voured water, well suited for hydration. Another spoke of a
pur khansama with whom I was working on but to no avail. “Maybe we can consider substi- campaign being planned by the FAO’s Intergovernmental
the revival project, remembered cooking tuting turnips with carrots or beetroot,” said Group on Tea, to promote it as the go-to cup for well-being.
shabdeg with his ustad, Munna Bhai, when he the head chef. True, beets had a similar tex- Yet another spoke about all the cool tea stuff trending in China
was a young apprentice in the 1970s. He ture, but the curry would turn pink. beyond the classics—milk teas, fruit teas and ready-to-drink
assured me that it could be done. Aslam is “I think it would look amazing,” he said. He options. In a nutshell, everything they said seemed to be about
unlettered but has a tremendous memory and turnips––the USP of Rampuri shabdeg. Along- The ‘shabdeg’ is had always insisted on yellow, green, red and displaying tea’s amazing versatility. Clearly, there’s a need to
can immediately imagine a dish. According to side, mutton pieces were cooked separately in traditionally made brown colours in the dinner spread. A dark overhaul tea’s image, and reimagine how it will be branded
him, the real recipes are not found in books a spice and turmeric masala with milk added with turnip. ISTOCKPHOTO pink would be brilliant. So, we cooked shab- and marketed, keeping new consumers in mind.
but are passed on “seena dar seena”, an oral as tenderiser; fried and crushed onions, deg with beets that night and named it “Shab- With a terroir-focused approach, brands like Araku, Blue
repertoire. almond paste and cream were added after the deg Chuqandari” (chuqandar is the Hindi Tokai and Subko transformed the image of Indian coffee.
For shabdeg, crushed goat trotters and meat was done. word for beetroot). When we had finished Recently, I was at the Maverick & Farmer café in Bengaluru
bones have to be cooked through the night till The dish was finally put together by adding cooking, I closed my eyes and took a bite. The when a coffee session, titled Let’s make filter coffee sexy, was in
they are nearly disintegrating to create a broth the meatballs, the turnips and the all-impor- earthy taste of beets had intruded into the fla- progress. It focused on brewing, flavours, hacks, adaptation,
that forms the base of the Rampuri shabdeg. tant broth to the meat curry. The pot was then vours of the curry in a way turnips would not even peanut butter filter coffee!
Aslam turned up at my place one day bearing sealed and left to slow cook for over an hour on have. The beets were soft and had absorbed Tea needs to relinquish its image as an beverage for the
a pan filled with thick white bone broth and we coals. The shabdeg curry is rich, has a thick the flavours of the curry; in fact, Aslam had to aged and show its fun side. It’s about time too, when you look
set to work. The turnips were peeled, forked, consistency and a deep redolence. The recipe add some tomatoes to balance the sweetness at the choices in India. There’s tea grown on mountains like
boiled in turmeric and salt water to reduce Aslam and I tried out from Shahi Dastarkhwan of the beets. It was a disorienting pink mush. Darjeeling, the Nilgiris and Kangra, or plucked in the valley,
their pungent taste, and then deep fried. They in my turned out to be superlative. The diners found the new shade on their like in Assam; crafted by artisans like the compressed teas
had to be soft enough to absorb the flavours I had been under the impression that shab- platter an intriguing innovation. I had a culi- from Woolah, or machine-processed like our CTC; freshly
and yet stay firm. Then we made the meat- deg was a Lucknowi dish because I recalled For ‘shabdeg’, crushed goat nary epiphany—recipes move through time harvested in spring like the prized first flush, or aged over time
balls—the mutton mince was flavoured with eating it on a wintry night at a Lucknowi aunt’s and borders, transforming to become our like the puerh. There’s a tea for every kind of palate, with many
aromatics like cardamom, mace, cinnamon, place. (The shabdeg we ate that night was a trotters and bones have to own. The revival of shabdeg had created a rei- ways to brew, and numerous ways to enjoy them.
nutmeg and ginger, garlic, fried onions, and runny, fragrant curry with lemon-sized meat- be cooked through the magined version. Tea Nanny is a fortnightly series on the world of tea.
fashioned into meatballs and fried. The tradi- balls and turnips.) But my research revealed night to create a broth that Aravinda Anantharaman is a Bengaluru-based tea blogger
tional shabdeg recipe calls for colouring the that at least the Indian version of the Persian Tarana Husain Khan is a writer and a food and writer who reports on the tea industry. She posts @Ara-
turnips in a way that the person eating it can’t dish was from Kashmir. Food historian Push-
forms the base of the historian. She is currently working on a research vindaAnanth1.
distinguish between the meatballs and the pesh Pant, author of The Indian Cookbook, has Rampuri ‘shabdeg’ fellowship with the University of Sheffield, UK.

How to get Insta-ready golden-brown mushrooms


PHOTOGRAPHS BY NANDITA IYER

the world’s most prized gucchi (dried plus taxes. Ingredients


Himalayan morel mushrooms, ₹600 for 200g button mushrooms
DOUBLE 20g), which is foraged from forests in
the Himalayan slopes. The brand Food
SECRET INGREDIENT
MUSHROOM SOUP
1 small onion, finely chopped
3-4 cloves garlic, finely chopped
TESTED Library on Amazon has a few varieties of Serves 4 Half tsp chilli flakes
dried mushrooms such as shiitake, oys- Pinch of crushed black pepper
N A N D I TA ter and black fungus (wood ear). These Ingredients 3-4 tbsp grated cheese (processed or
IYER dried mushrooms are rehydrated in Quarter cup milk powder cheddar)
slightly warm water for at least 15 min- 1 tbsp olive oil 1 tsp dried mixed herbs
utes, then squeezed, chopped and sau- 6 cloves garlic, sliced Quarter tsp salt

N
ai kodai. It’s the cute name for teed. The water is full of umami flavour 400g mushrooms (mix or one kind), 1-2 tsp oil
mushroom in my mother tongue so make sure to use it in soups or stews. chopped
Tamil and translates to “dog’s The best way to clean mushrooms is 1 veg stock cube Method
umbrella”. Being strict vegetarians, my by wiping them with a damp cloth. If Salt as needed (depends on stock cube) Wipe the mushrooms clean and pull out
grandparents and parents don’t con- there is too much dirt, give them a quick the stems. Finely chop the stem. In a
sider the meaty texture of mushrooms wash with cold water in a colander and Method bowl, prepare the stuffing by combin-
as vegetarian. As it was not cooked at wipe dry thoroughly. A common issue In a heavy pan, over a low flame, dry ing the chopped stems with onion, gar-
home, my exposure to mushrooms home cooks face is that the mushrooms roast the milk powder until golden lic, chilli flakes, black pepper, cheese,
started rather late in life, in my early 20s. refuse to turn golden brown and glis- brown. Remove to a plate and keep herbs and salt.
Later, I discovered button mush- tening, like one finds on Instagram and aside. In same pan, heat oil. Sauté gar- Spray or wipe the mushrooms with a
rooms are the vanilla flavour of the in fancy restaurants. (left) Secret ingredient mushroom soup; and stuffed button mushrooms.in air fryer. lic for 30 seconds. Add chopped mush- few drops of oil. Press 1-2 tsp of the pre-
mushroom world and there’s a whole Follow this very simple rule and you rooms and sauté for 3-4 minutes until pared stuffing into the cavity of the
universe waiting to be explored. There’s will be dishing out golden-brown braise mushrooms, heat oil or butter in the savoury umami flavour in the mush- almost cooked. Add crumbled stock mushrooms.
no dearth of choice, especially in big mushrooms like a pro. Use enough but- a pan and sear the fresh mushrooms rooms. If you are not one for slow cook- cube and keep stirring until well In a preheated air-fryer (190 degrees
metros. Loyal World Market in Benga- ter or olive oil (restaurants never skimp (whole, halved or sliced, depending on ing, then there are many speedy ways to mixed into the mushrooms, roughly Celsius), air-fry for 5-6 minutes until
luru’s Whitefield stocks oyster mush- on this) in the pan. Once the pan is hot, the size) in the fat at moderately high prepare them. Enter the air fryer: Toss for 2 minutes. mushrooms are golden and cheese has
rooms, shimeji brown, shimeji white, add just enough mushrooms such that heat, until golden brown on the outside. mushrooms in a little oil and cook in a Let this cool. Add to blender along melted.
enoki and portobello varieties; Kaze each has its own space. This is manda- Aromatics like bay leaf, sliced onions preheated air fryer (180-190 degrees with 1 cup of water and roasted milk Serve hot.
Living, which delivers in the National tory to get them to brown instead of and garlic can be sauteed along with the Celsius for 4 minutes) until golden powder and blend to a smooth puree. This can also be done in the oven for a
Capital Region (NCR) has cremini and getting them to steam in an over- mushrooms. Add a liquid like wine or brown. Add them to salads, wraps or Return to pan, add enough water to larger quantity of easy appetisers.
portobello. A couple of years ago, I tried crowded pan. Adding salt at the time of broth to the pan at this stage to pick up sandwiches. thin as per your liking. Taste and adjust
the assorted box from Green Apron, cooking will make the mushrooms all the browned bits, which is where the Speaking of mushrooms in sand- the salt. Simmer for 2 minutes. Remove Double Tested is a fortnightly column
which delivers exclusively in Benga- release water and turn them soggy. flavour lies. Season with salt, pepper, wiches, one of the best I have had is the to bowls and garnish as per your liking. on vegetarian cooking, highlighting a
luru. They have the best range of exotic Season with salt once nearly cooked and herbs and spices of choice. Cover Smoked Shroom Sando at Neighbors in Serve with crackers or garlic bread. single ingredient prepared two ways.
varieties such as lion’s mane, elm oyster, and golden brown. and simmer for 15 minutes until the Assagao, north Goa. Stuffed with mush- Nandita Iyer’s latest book is The
king oyster, pink oyster, pioppino and Meatier mushrooms like portobello mushrooms are tender. Serve as a side rooms flavoured with smoked paprika, STUFFED BUTTON MUSHROOMS Great Indian Thali—Seasonal
the shimeji varieties. An assorted box and shiitake lend themselves beauti- with rice, pasta or mashed potatoes. this sandwich lives up to its name and is IN AIR FRYER Vegetarian Wholesomeness. She posts
starts from ₹650 for 250g. They also sell fully to slow cooking like braising. To Braising or slow cooking amplifies worth the rather steep price tag of ₹625 Serves 2 @saffrontrail.
This PDF was uploade To Telegram channel_https://t.me/Magzines_latest_Newspaper(send Me Message telegram ya WhatsApp This number 8890050582)
STYLE SaturDay, 2 March 2024
New Delhi 07

Skip trends,
‘India
is at the
create your
own look
heart
of my
Beauty experts provide simple make-up tips and
techniques for people with mature skin
ISTOCKPHOTO

work’
Christian Louboutin on his
show at Paris Fashion Week
and the strength that
comes from loving oneself

Mature skin can be drier, and layering too many products is not the best idea; and
(below) actor Zeenat Aman often talks about enhancing one’s features, instead of
hiding them.

Pooja Singh were the rage then in Paris. Dhara Vora Sabhnani
pooja.s@htlive.com I also liked the elegance in Satyajit Ray’s

U
Bengali films. French films were all about nderpainting, blinding highlighters, loose powder all over the face—social

T
he Paris office of Christian existential crises which bored me. So, my media generates new make-up trends almost every week. Many of these
Louboutin is buzzing with interest in India came from watching Bol- techniques are aimed at a younger audience interested in hiding their age
activity for the showcase of lywood films, not from gods, not embroid- rather than highlighting their unique features. Finding make-up for those over
the brand’s fall-winter col- eries, not food. I have become a bit of a the age of 40 that makes them feel great can be tricky. Mature skin is typically
lection at the ongoing Paris foodie (laughs), but now. drier, and layering too many products, whether it’s foundation, primer or lipstick,
Fashion Week, on 4 March. You have been creating the India is not the best idea, given they might make pores and fine lines more visible.
“It’s quite a vast collection,” says Chris- ‘Wedding Edit’ collection for over six Make-up artists suggest simple techniques that can be used everyday to help
tian Louboutin, 61, the mind behind the years. Why only weddings? those with mature skin look their best.
brand, over a video call. “I have gone a bit Because I have been doing a lot of wed-
flashy this time.” dings, not necessarily Indian. It’s interest- PREP TIME
Since opening his first store in the ing because for a bride, when it comes to No amount of concealing and layering of products will help the skin if it is not
French capital in 1991, Louboutin has shoes, she gets very excited. As a designer, hydrated enough, a rule that applies to all kinds of skin at any age. Using excess
built a brand that goes beyond the red- it’s a good start. (The shoes are) part of a product can be an issue if one has mature skin, for it can settle into creases and
carpet favourite of red-soled shoes. The wardrobe where everything is permitted pores and highlight them.
brand, which has a minority investment and there is no limit. So, you have to trans- “When we are younger, the skin’s elasticity is at its best, hence the prep can be
from the Agnelli family (owners of Fer- late that level of excitement into a shoe. basic. But as we age, the skin loses a lot of its natural barriers, making prep cru-
rari and Juventus football club in 2021), More so, if you are creating for an Indian cial,” says Mumbai-based celebrity make-up artist Billy Manik. “A good skin rou-
sells bags, belts, accessories, make-up bride because weddings in India are major tine is a well-primed skin (essentially, well moisturised and hydrated). That’s a
and toys for pets—all exhibiting his flair productions. You can be more playful golden rule.”
for the dramatic. with the design and colours. In France, a Next comes the base, and it can be tempting to pour creamy foundation straight
Growing up, Louboutin used to draw wedding is, maximum, a one-day affair on to the skin, as you see influencers do. Stop right there, cautions Manik.
sketches of shoes, inspired by the fashion and mostly shades of white. I Less is more with foundation, she says, insisting that the key is “hydration
of showgirls in Paris. As a teenager, he think India respects colour and light, well-blended make-up. Instead of going for a thick base or a matte
visited Egypt and India, returning with because they see colour finish, opt for a high-quality hydrating product and focus on blending with the
sketches of elaborate high heels inspired around them, the bright lightest layers and try using it only where needed, such as on dark/red spots
by the landscape and people. At the age of skies, the greenery. or pigmentation.” She also prefers lightweight foundations to thick founda-
16, certain that he wanted a career in shoe design process? What drives you? tions as does Mizoram-based make-up artist and trainer Mazari Thangluah.
design, he interned at Paris’ famous thea- No. As much as I love That’s easy, my kids Thangluah often uses Estée Lauder Futurist Hydra Rescue Moisturising
tre, Folies Bergère, and created shoes for fashion, when I sketch it’s (laughs). Their school is Makeup Foundation and PTI
the dancers. He later went on to work with more to do with style than next to my office, so it’s eas- Chanel Les Beiges Water
Charles Jourdan, Chanel, Yves Saint Lau- fashion… It’s more about ier to get to work. When Fresh Tint, as they hydrate
rent and Roger Vivier. attitude than fashion. The you love what you do, it’s the skin. When it comes to
He mentions India often while speaking only time I think about not too difficult to wake up using concealer for correct-
to Lounge, not because he has two stores in fashion is when I am work- and head to work. In gen- ing and coverage, Thangluah
the country—one in Delhi, which opened ing with someone. For eral, I am a very positive suggests going lightweight
in 2012, and a second that opened the year instance, we did a collabo- person. A friend says this again, with a focus on sheen
after in Mumbai; because he has a joint ration with Maison Margi- one thing, which might to get that dewy and translu-
venture with Aditya Birla Fashion and ela for their January cou- sound vain, but it’s true. cent effect. She prefers
Retail Ltd; or because he presents an ture show (in Paris). John She says, when you love hydrating concealers like
annual India-special Wedding Edit collec- Galliano (the creative yourself you are able to Laura Mercier Real Flawless
tion. India has influenced his personality, director of Maison Margiela) love others too. My Weightless Perfecting Con-
his design, his craft and his sensibility, he had this vision of the kind of grandma kisses herself at cealer or Elf Hydrating Camo
says. Edited excerpts from the interview: characters he wanted to night before sleeping to Concealer when working on
build for his show, and we show her love for her- mature skin.
Tell us a little about the Paris collec- had a discussion of how to self. She also says that
tion. translate that vision down till when you love yourself POWDER POWER
The collection is inspired by New Mex- the shoes. But even then, it gets transferred to others. This has Celebrity and entrepreneur
ico, one of my favourite places. You will nothing was trends-based or (from top) Christian Louboutin; become a ritual for me. I kiss my fist at Kim Kardashian might have
see a lot of vibrant colours; it’s kind of what people are liking now. If you are a from the ‘Wedding Edit’ collection; night before sleeping by myself. Thoughts popularised baking, or setting
Western cowboy but more on the Ameri- designer, you either make it in an indus- a young Christian Louboutin (left) of doubt don’t just come in the morning; the make-up with extra loose
can Indian side of cowboy. It’s a vast col- trial way and incorporate trends, or you with friends during an India trip; they are worse at night and when you have powder that can be dusted off
lection for men, women, kids, even pets. create what you want to, your vision, and and the Ginko Pump. your own quiet company and know you later, but too much powder
We have sizes from very small to very hope people like it. Trends are more for PHOTOGRAPHS COURTESY CHRISTIAN LOUBOUTIN are loved by your own self, it’s a better can emphasise skin dryness.
large. There are leather goods as well. the industry in general. place to be in. “Using a little luminance
Is this the first time you are present- Any examples of how the travels in Who are you when you are not a and hydrant base helps. All
ing such a big collection? India have influenced your work? designer? skin is different so use pow-
Perhaps. It’s quite big.... Sometimes you So many. Just this last collection. It has I’m a father, that takes most of my time. ders in limited quantity, and only if needed, not because it is a trend,” suggests
are working on something, and it’s quite some gold metal. Now, there are many It’s also my favourite part. Manik. “I would also keep contour on mature skin very limited. More like a
easy to edit and remove styles that are ways of thinking of gold. When I was What makes a perfect shoe? shadow, no harsh lines.”
stronger than others. This time, we have working on it (the collection), I was think- That’s a difficult question. It has to do Thangluah prefers pressed powders over loose powders for sagging skin. “If
more categories, and it was difficult to ing of warm gold, like Indian gold, with the equilibrium between the heel loose powders need to be used, I recommend using light brush techniques instead
select and separate. We are growing the because, for example, the 1920s gold is and the face of the shoe. Whether it’s of packing it on,” she says.
(category) families. So, it came kind of nat- very shiny and lavish. I wanted Indian French films were all about pointed or rounded, it has to be in propor- For blush, opt for cream-based ones. They give a more natural blush. Powder
urally to the design and selection process. gold, a bit hammered, a bit less shiny, tion with the heel. Rest is works well only in one area—filling in brows, which get sparse as you grow older.
What’s your creative process like? almost close to copper. existential crises which bored all cosmetic, you can
I isolate myself. It’s important for me to In the same collection, we have some me. My interest in India came change the colour, COLOUR ME PRETTY
stay in a city that I know well, otherwise I pieces with embroidery that has colour- from watching Bollywood the body as Some beauty products really sing on mature skin, like matte eyeshadows. If you
will be out, eating and exploring the place. ful stones, which are more milky and much as you want to add shine to the eyes, skip glitter. “Go for products that are jet-milled
For instance, I can’t work when I am in Mughal-era inspired than bright, shiny
films, not from gods, not want. (finely milled) in case you want some shine,” says Manik, whose go-to eyeshadows
south India. I want to see everything, eat Harry Winston. I am also working on a embroideries, not food. are by MAC and Patrick Ta. If you want a lifting effect around the eyes, go for
everything… just know the place from pair of glasses for men that are very a thin winged eyeliner, and don’t go too heavy on the mascara.
every corner. But I can design a collection Mughal. In fact, it’s going to be called For lips, Thangluah says creamy lipsticks and liners are the best bet. Matte
in Italy, Egypt or Rio. I know what I will Mughal glasses. India is at the heart of lipsticks tend to exaggerate lip creases. If you really want a matte lip, look for
eat, where I will go. my work. formulae that give a soft matte finish that don’t accentuate the creases as
Secondly, I don’t get what the French Why do you like India so much? much. “If you are going to use soft matte, prep your lips thoroughly by apply-
call “l’angoisse de la page blanche”, the I think it has to do with my childhood. ing a balm,” says Thangluah.
anguish of the white page (essentially, There used to be this cinema hall near my
writer’s block). I like to draw, even when I school in Paris that specialised in Egyptian HIGHLIGHT WITH CAUTION
don’t necessarily have something on my movies and Bollywood movies. This was Online make-up tutorials may promote shimmery priming oil and highlighters
mind. Just drawing lines and correcting the 1970s. I remember seeing a lot of Hindi but in real life, too much highlighter, much like foundation, primer and every-
them reminds me of the simple joy and films from Qurbani to Sholay, and I was fan thing else, is a no-no. Thangluah prefers not to accentuate mature skin using
pleasure of drawing. Once you are in that of Amitabh Bachchan, Dilip Kumar, Hema highlighters. “Subtle highlights just on the high points are enough,” she says. She
zone, it all becomes easy. And sometimes Malini. I became very interested in Indian generally uses Hourglass and Becca highlighters for their natural effect. “It is
my drawings depend on the things I have cinema, the dreamy Bollywood side. The important to enhance the beauty of ageing skin with lightweight and subtle
seen and heard, things that are floating in colours, the dancing—they spoke to my make-up, and not transform them with modern, thick, and heavy trends defined
my mind. 14-year-old self who was already drawn to by youth.”
Do fashion trends on social media singing and dancing. At that time, I had
define the way you approach your this desire to design for showgirls; they Dhara Vora Sabhnani is a Mumbai-based journalist.
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08 SaturDay, 2 March 2024
New Delhi COVER

Delivering a
knockout
Nikhat Zareen, Lovlina Borgohain, Saweety
Boora, Nitu Ghanghas. These four world
THE OLYMPIC DREAM
Men’s boxing had been a permanent fixture on the Olym-
pic roster since 1904, barring the 1912 Games in Stock-
2021, after winning the
bronze medal at the Tokyo
Olympics.
holm because the sport was banned in Sweden at the time. You wouldn’t have
champions have changed the script for Muhammad Ali, Joe Frazier, George Foreman, Sugar Ray
Leonard and Lennox Lewis were all Olympic champions
known it to watch her in
Tokyo, dancing fearlessly in
women’s boxing in India through their feats before they took the pro boxing world by storm.
But until 1996, Great Britain—the home of the first
the ring, always eager to
draw first blood. The Indian
of grit, determination, and a cussed will to women’s boxing club that was formed in 1920 in Lon-
don—had banned women’s boxing. Women were denied
boxer used every inch of her
5ft, 10 inches frame to close
win. Lounge celebrates their rise to the top a boxing licence in the UK till 1998 on the grounds that
“pre-menstrual tension made women too unstable to
the gap and land punches on
her opponents. In the quarter-
box”. But women’s boxing competitions started cropping final, she registered a 4-1 win
up around Europe and the Americas and Asia in the 1980s. over 2018 world champion
Deepti Patwardhan The first women’s boxing federation was formed in Chen Nien-Chin, an opponent
Miami, US, in 1989. The sport could not be ignored. In she had lost to in three previ-

N
ikhat Zareen likely didn’t want to sound 2009, the International Olympic Committee announced ous meetings. The dazzling
like a 19th century British writer, but here that women’s boxing would debut as a medal sport at the win guaranteed her a bronze
it was. “Every mother is worried about one 2012 London Games. medal.
thing,” she says, “Her daughters’ wed- Back in India, we already had the woman for the “I won bronze without a lot of
ding.” The story she is narrating is set far moment. In the inaugural edition in London, women preparation,” she says. “We lost
away from the genteel trappings of Jane Austen’s Britain. competed in only three weight categories: 51kg, 60kg and some time due to covid. It was my
It features a young Zareen, who, against the wishes of her 75kg. Mary Kom, a five-time world champion by then, first Olympics as well, so maybe I
mother, had attended her first boxing lesson and returned made the semi-finals of the 51kg event to win a bronze was nervous. I was disappointed
with a bloody nose and a black eye. medal and ensure that India was on the podium on what not to win gold.”
“When my mother (Parveen Sultana) saw me, she burst was a historic day for the sport.The same year Lovlina Missing out on gold had
out crying. She said, ‘This is why I didn’t want you to take Borgohain, only the second Indian woman boxer to win become something of a theme in
up boxing.’ She wanted to keep their child safe and happy. an Olympic medal, started her journey in the sport. her career. Borgohain had
My mother used to be scared for me, in case I get beaten “My father (Tiken) used to work in tea gardens in repeatedly proved her mettle on
up and ruin my face. Anyway, we are four sisters, and she Assam,” says Borgohain, who hails from the remote vil- the world stage, taken down
was worried about our marriage.” lage of Baromukhia, 3km from the nearest town of Barpa- some famous boxers. At big
For Zareen, it was more about proving a point. A few thar in Assam’s Golaghat district. “Once, he had returned tournaments, she would end up
days before the incident, Zareen, a 100m and 200m home with some mithai (sweets) that was wrapped in an in the medal bracket, but not
sprinter back then, had been training at the local stadium old newspaper which had an article on Muhammad Ali. gold, never gold. This happened
in Nizamabad, Telangana, where a multi-sport meet was My father narrated his story to me. That’s when I first at the 2018 World Champion-
taking place. Zareen, who was accompanied by her father heard of boxing.” It sparked her imagination. ships in Delhi, then again, a
Mohammed Jameel, noticed that girls were participating Before that, like her sisters, twins Licha and Lima, Bor- year later, at the 2019 World
in every sport, apart from one: boxing. gohain was a Muay Thai (Thai boxing) practitioner. But Championships in Ulan-Ude,
“Boxing bas ladke hi karte hai kya (Is boxing a male since the sport is not part of the Olympic programme, she Russia.
sport)?” she asked her father. He explained that women was keen on the switch. She started boxing in 2012, when Meanwhile, the 69kg wel-
did box, but that’s not what society expects of them. celebrated boxing coach Padum Boro took notice of her terweight category, which
Good girls didn’t box. In 2009, with her father as her first talent during SAI (Sports Authority of India) trials at the had been introduced as an
coach, Zareen set out to challenge these archaic, patriar- Barpathar Girls High School. But it meant she would have experiment at the Tokyo
chal notions. to move away from home, go to Guwahati. Games, has been scrapped
The feisty 27-year-old is now the face of India’s rise in “People would talk about the fact that I would have to from the 2024 Paris
women’s boxing. At the Women’s World Championship go to a city, stay and train alone in Guwahati. My studies Olympics. With that gone,
held in Delhi in March 2023, India won four gold medals: would take a back seat. They would taunt my parents,” she Borgohain stepped up to
Nitu Ghanghas in minimum weight (48kg), Zareen in light recalls. Even before that, her mother was regularly belit- the 75kg middleweight
flyweight (50kg), Lovlina Borgohain in middleweight tled for having three daughters. With only one earning category. “75kg is
(75kg) and Saweety Boora in the light heavyweight (81kg) member, the family struggled to make ends meet. To tougher,” she says. “The
category. make sure that Borgohain had money for her training and women competing in
It equalled India’s best performance in the competition, nutrition, her sisters quit Muay Thai and later joined the 75kg are stronger, more
when they had won four golds at the 2006 World Cham- workforce. powerful. In Europe or
pionships, which was also held in Delhi. Women’s boxing An introverted young woman, Borgohain was struck by America, they do better
was a nascent sport back then, and 180 athletes from 32 homesickness after she started training at the Netaji Sub- in higher weight catego-
countries had participated in 2006. The sport has grown has Regional Centre in 2012 at the age of 14. Even though ries. Traditionally, Asians
since it was included in the Olympic roster at the 2012 she had some experience in combat sport, Muay Thai is do better in lighter weight
(from left) Boxers London Games. And the World event in 2023 saw 324 completely different from boxing in terms of technique. categories.” In her new
Jasmine Lamboria, boxers from 65 countries compete. In 2006, M.C. Mary Which meant her coaches had to break her down before weight class, she had to
Nitu Ghanghas, Nikhat Kom had led the charge of the home team with a gold in they could build her up. play smarter, work on her
Zareen and Lovlina the 46kg category. If she had lit the beacon, the current “I was not self-confident earlier getting into the boxing defence and counters. It
Borgohain. PTI crop of champions is striving to make sure it burns on. ring. When I got into the ring, I was scared,” she said in took some time and cost
some tournaments before
she found her footing.
And that’s how she
finally reached gold. Dur-
ing the 2023 World Cham-
pionships in Delhi, Borgo-
hain showed that the warrior
in her had not dimmed, as she
defeated Australia’s Caitlin
Parker 5-2 in the final to clinch
the elusive gold. “Before that I
would get bronze in every compe-
tition. It was a very special
moment,” says Borgohain, who
doesn’t feel out of place in the mid-
dleweight category anymore. “Right
now, I feel fitter. At that time (69kg),
it was a struggle to maintain weight
for that category. I wouldn’t be able
to eat properly. Maybe that was one
of the reasons I shifted to a higher
weight category. That if I eat better,
perhaps I will play better.”
She sealed a berth for the 2024 Paris
Games, her second successive Olympics,
by winning silver at the 2023 Asian
Games. “Competing at an Olympics was
my father’s dream. Winning a medal at
an Olympics was mine,” she says. “This
time, I want gold.”

GOLD STANDARD
Pursuing excellence is like oxygen
for athletes. They need the re-as-
surance of medals; they are
driven by the prospect of
gold. Whatever it takes. (from top) Nitu Ghanghas, Saweety Boora, Nikhat Zareen and L
Whatever it takes. That’s Champions in the minimum weight, light heavyweight, light flywe
what Saweety Boora kept
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R STORY SaturDay, 2 March 2024
New Delhi 09

telling herself dur-


ing the 2023
World Champi-
onships. She had
won a silver at
the tournament
in 2014, nine
long years ago, at
Jeju City, South
Korea. Now the
World Champion-
ships was being played at
home, this was her chance. The
only snag in the plot? She had just Nikhat Zareen during the Mahindra IBA World Women Boxing Championships in Delhi. COURTESY BOXING FEDERATION OF INDIA
about recovered from a groin injury
and was putting extra time in rehab. And
then, just ahead of the tournament, she Boora is one of the few Indian boxers who has per- Paris Olympics. The countdown has been ticking in
came down with a stomach infection. formed consistently in the heavier weight categories. Zareen’s mind since the end of the Tokyo Games.
“I was scared that if I tell someone on the Apart from the two world championship medals, she also Choosing boxing had been an act of defiance. She had
team about it, they will ask me to stay out,” has a silver (2015 Wulanchabu), bronze (2021 Dubai) and picked up the gloves despite resistance from her extended
says Boora, who talks as fast as she rains gold (2022 Amman) at the Asian Championships. She family and a conservative community. When she started
punches. “If I let go of this opportunity, it would does walk the talk. boxing, Zareen was the only female boxer in the district.
have spoilt my life’s work. She honed her skills by sparring with boys and believes it
“I used to feel very tired after training,” she says YOUNG AND RESTLESS jumpstarted her career. Within a year, Zareen had won
about her campaign. “Endurance used to be my In the boxing ring, nowadays, Nitu Ghanghas rarely the state championships. In 2011, she won gold at the
strength, but I didn’t have that in Delhi. I was getting retreats. But there was a time when she was ready to give Youth World Boxing Championships. By 2015, she was in
tired after one round. I was taking medicines for the stom- it all up. the India senior national camp.
ach pain. But there was a voice inside me telling me now Ghanghas was born in the cradle of Indian boxing: Bhi- Back then, Indian boxers didn’t quite have the army of
or never! So, I just struggled through. I went into every wani district in Haryana. The place is fondly called “Little coaches and trainers. In fact, Indian boxing was in turmoil
round wanting to win. My target was to go hard in the first My mother also used Cuba” for producing a number of international boxers and from 2012-16 over administration issues. As the federation
two rounds, so I was a little at ease in the third.” came into the spotlight as one of its residents, Vijender was suspended, boxers couldn’t represent India on the
While Boora, 31, breezed through the first round, earn- to be scared for me, Singh, won India’s first medal in boxing at the Olympics. international stage and had to fund their training and
ing a 5-0 win over Belarusian boxer Viktoriya Kebikava, in case I get beaten a bronze at the 2008 Beijing Games. Soon after that, his competitions. Once Ajay Singh took over the reins as the
she was thoroughly tested in the next two bouts. After a up. Now when I tell coach Jagdish Singh opened a boxing academy exclu- Boxing Federation of India (BFI) chief in September 2016,
hard-fought win over Emma-Sue Greentree of Australia sively for girls. things started to get better. Boxers now have better facili-
in the semi-final, she overcame former world champion
her I am hurt, she That is where Ghanghas’ father, Jai Bhagwan, enrolled ties, access to scientific training programmes and coach-
Wang Lina of China 4-3 in the final to seal the gold. First says...just put some her in 2012, to help her channel her energy. Though a dili- ing personnel on par with the best in the world.
came relief, then the tears. “It took me nine years of hard ice on it. I am glad gent student, Ghanghas wasn’t a standout in the early days Even as Indian boxing was transforming, Zareen was at
work to change that silver into gold,” she says. Fourteen that in my own little and considered quitting the sport. a standstill. Apart from the shoulder injury that kept her
years in all, she reminds me, since she started boxing. “I live in a village (Dhanana), which was 20km away away for a year in 2017-18, Zareen spent a lot of time under
“Do you know how I started?” she asks excitedly. Boora, way I have changed from the academy and I used to travel by bus. There were the giant shadow cast by Mary Kom since the two com-
who hails from Hisar, Haryana, was always bold. She that mindset. times when I would miss the bus and so couldn’t make the peted in the same weight category. She rebelled against
proudly narrates that she would beat boys bigger and training daily,” she says. Missing whole days of practice it at times, most famously in 2019 when she requested for
taller than her in wrestling and started off as a kabaddi NIKHAT ZAREEN sessions set her back. a trial against Mary Kom to compete at the Olympic quali-
player. “Bachpan se hi hatti katti thi (I was well-built from “My performance was suffering. I told my father I won’t fiers for the Tokyo Games. The BFI had given Mary Kom
childhood),” she guffaws. go. Financially also we were struggling. I have a brother a last-minute exemption from the trials because she had
In 2009, she and her elder brother had travelled with and sister. My parents had to look after our school fees, my won the World Championships the previous year.
their maternal uncle to the SAI centre in Hisar to try out The women diet, boxing kit, travelling allowance. My father even took Depending on which side of argument you stand, the
for some sports. “During the trial I was facing a a loan, despite that there was a shortage of funds. I could move was either irreverent or brave. But how often do we
girl who had been boxing for some time,” competing in 75kg feel the pressure building on my parents, so I thought I see a young woman take on the establishment and a leg-
she says. “As soon as I entered the ring, are stronger. In should drop out.” end for what she believes is her right?
she punched me in the face. I couldn’t Europe or America, But her father, a Class III employee at the Haryana Vid- Zareen would rather move on. “I always believe what-
see anything. My face was com- han Sabha, was keen on her boxing. He took unpaid leave ever happens, happens for a good reason,” she says of the
pletely red. When the bell for the
they do better in for three years and ferried her to and from training on his years spent on the sidelines. “All those years that I
first round went off, I came and sat higher weight scooter. While supervising Ghanghas’ training and diet, waited…if I had got those opportunities instantly maybe
in my corner. My brother taunted, categories. he farmed a little piece of land they owned. Bhagwan also it would not have stoked my hunger. The wait was worth
‘dikha diye tujhe din me tare, Traditionally, Asians racked up loans as high as ₹6 lakh. it, it lit a fire within me.” She finally got her chance at the
waise to bohot banti hai tu (she Her career took an upturn once she was selected for the 2022 World Championships. A ravenous Zareen gobbled
has shown you stars in the day). do better in lighter National Boxing Academy (NBA) in Rohtak, which is a SAI up the competition in the 52kg event, winning all five of
Now see if you can beat her.’ weight categories. centre; she now had access to top notch training and her matches, four of which were against southpaws, with
As soon as the second round nutrition. At the NBA, they also oversaw the rehab of an a unanimous 5-0 verdict to clinch the title. After beating
started, I threw an upper cut, LOVLINA BORGOHAIN injury, a second-grade pelvic tear, that she had endured Thailand’s Jutamas Jitpong in the final, Zareen told the
so hard that she fell down. for nearly three years. Results were quick to follow: the press: “Aj final hai, aaj hi ke din history create karni hai
That was the first knockout southpaw won the 2017 Youth World Championships in (Today is the final, today I have to create history): That’s how
of my life.” Guwahati, then defended her title in 2018 in Budapest. I got myself ready for today.”
One of the reasons she Some of my relatives “Almost every youth tournament I competed in, I won Her time on the sidelines have also made Zareen a can-
had taken up boxing was gold. That gave me a lot of confidence and motivation,” nier boxer. She knows when to bite down, and when to
because Boora’s father had disowned my says the 23-year-old. Her first major medal at the senior step up. Making the most of her experience, the Indian
Mahender Singh, a family because I was level was another gold, at the 2022 Commonwealth also clinched gold at the 2022 Commonwealth Games.
state-level basketball boxing... I was the Games. She silenced a boisterous crowd in Birmingham Despite dropping down to the 50kg category—she
player, wanted her to by beating home favourite Demie-Jade Resztan 5-0 in mainly made the switch because the 52kg weight class will
take up an individual first girl from my the final. not feature at the Paris Games—Zareen arrived at the
sport. Her mother village to go out and “I was playing in the same weight category as Mary 2023 World Championships as the favourite. Of the Indi-
worried for her, train. Succeeding Kom. I felt like a responsibility to continue her work, and ans competing, she was handed possibly the most exten-
but always prove that I could also do well in this weight category,” sive draw.
backed her.
was absolutely Ghanghas says. That year, she also competed in the World “Even though I was the world champion, I was not given
“Earlier we important for me. Championships but went down in the quarter-finals. It a bye,” she says. “In my first world championships I was
used to train in only strengthened her resolve to do better at the world the underdog, now I was the poster-girl. The crowd was
SAWEETY BOORA
open farmlands. event in 2023. there to support me. It gives a different kind of confi-
It develops stam- “The big mistake I made in 2022 was that I took my time dence. I used to push myself. If so many people had paid
ina and strength to suss out the opponent. But this time I was aggressive to come and watch me, I had to give my best.”
in legs. Those were right from the start. I played a very attacking game.” Speed Six bouts, ten days, that was Zareen’s schedule in Delhi.
rustic methods of and accuracy are paramount for boxers in the lighter She started off with an RSC in the opening round; then
training. In the farms, weight categories. And Ghanghas delivered a heady mix toppled the No.1 seed, Algeria’s Roumaysa Boualam, in
the soil used to be very loose so our of the two in her first three bouts which ended in RSC the second. Zareen wasn’t quite as dominant this time
feet would sink in. We had to sprint in that. I would (Referee Stops Contest). In the final, she secured a 5-0 win around, but she still packed a punch. By defeating Nguy n
work harder than what the coach would tell me. over Lutsaikhan Altantsetseg to clinch India’s first gold at Th Tâm of Vietnam in the final, Zareen became the first
Sometimes I would work so hard that I would vomit the 2023 World Championships. Indian boxer to win back-to-back world titles. As soon as
blood,” she says, gleefully diving into the details of All the gold medallists were handed a winners’ cheque the referee lifted her arm, bound by lean muscle, Zareen
her boxing journey. of ₹82.7 lakh. It went some way in helping Ghanghas, the let out a scream. Outside the ring, away from the spotlight,
But Boora chokes up when talking about her youngest of India’s world champions in 2023, and her her mother wept tears of joy.
parents, and why she always felt the need to go over family pay off the loans. All the sacrifices they had made “The Delhi World Championships was the first time
and above in training: “Some of my relatives had as a family had been worth their weight in gold. my mother was watching me live,” says Zareen, who won
disowned my family because I was boxing. They bronze at the 2022 Asian Games to qualify for Paris
told my parents that, ‘nothing good will come out BATTLE READY Olympics. “It was a great feeling being a world champion
of it, girls only go there and get spoilt. She will run The boxing hall at the National Institute of Sports in in front of her. My mother also used to be scared for me,
away with someone; she will bring bad name to Patiala has been abuzz with activity since November. in case I get beaten up. Mummy is now chill. Now when
the family.’ Those thoughts would swirl in my Indian boxers, including Olympic-bound Borgohain and I tell her I am hurt, she says don’t worry just put some ice
Lovlina Borgohain are the reigning World Boxing head. I was the first girl from my village to go Zareen, have been in the national camp for almost three on it. I am glad that in my own little way I have changed
eight and middleweight categories, respectively. out and train. Succeeding was absolutely months. Vacation? No. Family time? Not yet. At the that mindset.”
important for me.” entrance, a digital display counts down the days to the Deepti Patwardhan is a Mumbai-based sportswriter.
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10 SaturDay, 2 March 2024
New Delhi TRAVEL

The
real
road to
heaven
The stunning yet desolate remains
of Dholavira are a lesson in the
impact of climate change
Dholavira, which is now a Unesco World Heritage Site.

amidst orange, pink and black thread. centre of the house. It is not impossible to
After an hour of an eerie, empty yet see that they once used the beadwork and
wondrous landscape, the cluster of villa- the clay utensils that continue to be used
ges, home mostly to cowherd families, by the Banni communities—a continuity
comes as a surprise. Some children are of living of the past in the present. The
going to school, pre-teen girls in home- stone walls and paved road to the water
embroidered clothes fetch water in steel troughs are sophisticated with mortar
tins. And then, bang! a sign for Dholavira. made from dung, wheat chaff and clay.
These are ruins but there is no ghostly
DETECTIVES OF THE PAST chill of devastation. It is clear that this was
It’s 28 degrees Celsius with a swirl of fine a thriving city with possibly four genera-
dust in the gentle breeze. Amrit, our tions of dwellers who made their mark
guide from the national museum at Dho- with fortifications and the amenities for a
lavira, takes us in Hindi back to trading township.
2500BCE. We trace layers of excavations What do we make of it now? The tone
in the last century, and my memory of of history books was undoubtedly
Vayu Naidu 32km single lane stretch with diggers con- Rann Utsav is held from a water hole. It’s dazzling—both for the reading R.C. Majumdar, H.C. Raychaud- fuelled with the excitement of excavat-
tinuing their metallic dinosaur scoop of November till February; stark scenery and the sun that sizzles and huri and K. Datta’s An Advanced History ing the ancient Indus Valley Civilisation.

T
he full moon is the timeless salt, soil and sea as they widen the road to (below) a cattle herder in sparkles on the salt. Driving and stopping Of India comes flooding back. Early The books unravelled a highly civilised
ambassador of the Rann two lanes. Laying this single strip was a Little Rann of Kutch. we spot the grey flamingos in droves, ped- archaeological expeditions discovered community, marvelled at it because it
Utsav. Dhordo in the Rann four-year project that was completed last PHOTOGRAPHS FROM ISTOCKPHOTO alling the salt fray. You could, if you are Indus Valley terracotta seals, amphora was possibly deemed “primitive”, of the
of Kutch in Gujarat opens year. In the distance, cowherds lead their extremely lucky, spot the highly endan- and jewellery in pre-Partition India. Post- past. Older discussions about why these
its ice-white vastness of cattle, walking for miles, some on their gered Great Indian Bustard on the clumps independence, excavations in India took settlements were deserted centred
gritty, granular, dazzling salt to thousands mobile phones, as they steer herds of of marshes just before the wide salt lands. place in three phases: 1968, 1972, then around disease and plague, and not a
of visitors from November till the end of nearly 50 sure-footed Indian bulls with You see the white salt desert on one side, again in 2000. Dholavira, now a Unesco story of a people vanquished by an exter-
February every year. The sun smoulders the big horns that seem the living resem- and on the other, flat desert sand without World Heritage Site, hosts the Harappan nal enemy. As Amrit brings us back to
gold-orange-red in the west. The full blance of the bull on the seals of Mohenjo- a shrub or scrub. Occasionally, a wild ass dwellings that are the penumbra of the 2024, he explains how many mounds of
moon rises ivory amidst the blue, turning daro. We pass the military outpost of the comes into view. The sensation is of varia- Harappan civilisation. soft fine earth were removed to reveal
gold then silver in the night sky. There is India-Pakistan border, Karachi visible in Why aren’t migrations caused tion in bareness; Rothko experimenting The excavations indicate a detective these bare stone walls and with it come
the exhilaration of natural phenomena, the hazy distance. with blue, shades of latte and white. story that has a thriller element of disap- layers of understanding.
akin to the feeling of seeing the northern The white desert is a non-religious pil- by climate change today not To see the vanishing point for 32km is pearances as well. A farmer, while tilling “Climate change” was not a term used in
lights of Iceland’s winter solstice. Thank- grimage to silence, salt, sand and reflec- taken more seriously? in itself heaven, amid realities of bulldo- the soil some metres away from where we the 1946 edition of Advanced History… that
fully at Kutch’s Rann, the desert wind tion. On the sand-desert side, meandering Engaging in and musing on zers turning up the earth and two vendors stand, found pottery pieces in the earth I read. Today, environmental meteorol-
turns a soft chill, not freezing. like painted stick figures in a prehistoric walking a mile across the salt lake to set up churned up by oxen driving a plough in ogy engages with consequences of climate
The Rann Utsav tent city has every con- cave painting, black water buffaloes wan-
these ideas would be a stall on the roadside with Bhuj embroid- the 1970s. Swift action by archaeologists change, resulting in a picture of no rain-
ceivable package for cyclists, sexagenari- der against waves of dry sand in search of the real road to heaven ered fabric, the mirrors winking in the sun resulted in tracing flint, beads, pottery fall, a global megadrought, dying cattle
ans, honeymooners, extended family and wheat husk 20ft deep, speaking of and trade depleting a prosperous settle-
reunions, budget travellers with arrange- three generations of people and their ment to extinction. In the expanse of
ments for delicious vegetarian dinners dwellings. Flints and chisels, working stones in Dholavira is a lesson in what hap-
and lunches, tour coaches, hybrid trans- tools, found in the different digs and com- pens if we ignore changes in seasonal rain-
port and camel carts, living up to the eco- pared reveal workmanship that is similar fall patterns and natural phenomena,
village dream. The Contemporary Art Gal- to Mohenjo-daro. which wipe out food systems and ways of
lery offers perspectives by new artists, A north face with a sports stadium-sized living. As the water dried up, they reorga-
saluting Gujarat’s inclination for vibrant wall of stones lays bare a seating area for nised their large cities and moved towards
colour against blanched deserts. The craft 10,000 people. Within the walled city are into smaller settlements, closer to water,
bazaars slake the thirst for ajrakh textiles the remains of a fortified castle with a bai- finds a recent University of Cambridge
and ethnic design-hungry generations of ley and ceremonial ground, revealing a study published in Nature. And moved
tourists bargain with shop owners. From township that had robust trade and indus- again. And again. It’s a story that is so simi-
Dhodra, our next stop is Dholavira and on try. There are rainwater harvest houses to lar to what is happening to communities
the highway via Khavda, we encounter the north, east and south of the citadel at across India and the world. Why aren’t
“The Road to Heaven”. different gradients. Of the tiered housing migrations caused by climate change
This is no euphemism. The 32km system, what remains are the chieftain’s today not taken more seriously? Engaging
stretch cuts through the Rann of Kutch bathing chamber, stairwells and water in and musing on these ideas would be the
lake, offering unmatched views of the lake outflow systems. real road to heaven.
and the endless salt beds. The whiteness of In the remains of the round dwellings, Vayu Naidu is with the Centre for Cul-
the salt has the brightness of snow. it is poignant to see the sitting stone, tural, Literary and Postcolonial Studies at
There’s no one to police or regulate this where wheat was ground, and marked the SOAS, London, and writes historical fiction.

IN THE ANCIENT CITY


Rising more than 13m and weighing
almost 100 tonnes, it is hollow and people
are allowed to wander inside. Created in
the mid-13th century, it was originally
gold-plated. Now largely greenish owing

OF THE SHOGUNATE
to the oxidisation of the bronze. My guide
tells me the statue is highly regarded since
it originally stood inside a temple but the
structure was washed away in a tsunami in
the late 15th century though the statue has
PHOTOGRAPHS BY ANITA RAO KASHI steadfastly stood since in the open air.
Kamakura, the former After a morning of treading hallowed
ground, I needed a bit of lightness. A short
political capital of bus ride to the north-east of the town
Japan, is an enchanting brings me to Komachi Street. A bright red
tori or ceremonial gate stands at the
melange of history, entrance to the 350m street. On either
spirituality and culture side are restaurants, boutiques, cafés, tra-
ditional Japanese sweet shops and kimono
and umbrella shops. It is completely
Anita Rao Kashi pedestrianised and buzzing with people.
Most seductive are the delicious smells

D
ense concrete clusters fall away, wafting from roadside stalls and I fre-
giving way to wide open spaces quently stop to sample sweets, bean paste
with scattered habitations as the cakes, fried mushroom croquettes, and
train leaves Tokyo. Quite unexpectedly, savoury snacks on sticks.
the snow-capped tip of Mount Fuji comes At the other end of the street, the noise
into view for a few seconds as the train drops dramatically as it leads towards the
rushes along, heading south to Kamakura, entrance of the picturesque Hachiman-gu
the former seat of the shogunate, the Shinto shrine, belonging to the Minamoto
hereditary military dictatorship in Japan The main shrine in Hase-dera; and (left) the great Buddha of Kamakura. shogun. Going back to the mid-11th cen-
that was the de facto ruling establishment tury, it is dedicated to the deity of martial
from 1192-1867. Of this, the Kamakura sho- Kamakura shogunate thrived till the 14th of lilting sacred music, chants and bells. found a camphor trunk so large that he stunning views of the Sagami Bay in the arts. I wander around looking at the little
gunate lasted from around 1192-1333. century, when the power centre moved to What overwhelms me a bit is the profu- carved two giant Kannon statues in early Pacific Ocean, the wide panorama serv- plaques with wishes or prayers hung by
An hour later, the train pulls into Kama- Kyoto. During the Kamakura period, the sion of stone and cement statues of various eighth century. One was installed in a ing as an antidote to the enclosed space the devout on large wooden frames. The
kura, a maze of narrow lanes with pretty city was a bustling centre for not just poli- sizes—ranging from a few centimetres to shrine in Yamato province. The other was of the cave. plaques swing and sway in the gentle
houses sitting cheek by jowl with some 80 tics but also culture, arts and religion. a few feet—dedicated to Jizo, the delight- set afloat and turned up near Kamakura. A short walk north of the temple takes breeze; the faithful believe the wind car-
temples and shrines, in the Kanagawa Once dislodged from its position of pre- ful, baby-faced deity who is the protector The story seems perfectly plausible as I me to the nondescript entrance of the ries their pleas to the kami, Japanese spir-
prefecture. For over a century in the eminence, Kamakura never regained its of women, children and travellers. gaze at the deity rising over 30ft. Gilded in Kotoku-in temple. A path leads to a bare its or deities. It is as endearing as the Jizo.
medieval period, Kamakura was the former glory, yet the plethora of temples A winding path through all these ele- gold, there are many details etched into sprawling ground, in the middle of which As I head out of the temple in the fading
reigning city of Japan. and shrines retain an inexorable attrac- ments leads upwards and opens into a the façade, including multiple heads rep- rises a giant Buddha. The sheer size, light, I hear the clacking sounds of the ema
A short walk from the station takes me tion. My own visit bears this out as I climb large space with a beautiful brown and resenting the various stages of enlighten- spectacle and the unexpectedness takes (wooden plaques) as they bob in the
to the Hase-dera temple, one of Kama- the steps of the Hase-dera temple. The white structure that houses the main ment. Under the temple is a cave with a my breath away.The Kotoku-in temple, breeze. It feels like the kami have
kura’s three most important temples. sprawling temple premises are spread deity, Hase-kannon or the Bodhisattva of low, narrow winding path. It is musty and also known as the Great Buddha statue descended and are browsing through the
Along the way, my guide points out several over various levels filled with lush green Compassion. According to legend, the cold and a bit claustrophobic, but large and Daibutsu, is one of the most recog- wishes and making note of the requests. I
old temples that date to the seventh and gardens, water bodies with koi fish, little temple dates back to early eighth century, Buddhist carvings on the wall and hun- nisable Buddhist temples in Kamakura, regret not having left my own, but I come
eighth centuries and reels off their history shrines and various devout offerings. It is built when the locals found a massive Kan- dreds of Jizo replicas scattered through- and in Japan. As the initial astonishment away hoping the powers that be will grant
as proof of the city’s ancestry. It is only in not crowded but there is a substantial non statue made from wood that had out work very well as distraction. abates, I walk up for a closer glimpse of my wish of returning some day.
the late 12th century that Kamakura number of tourists and devotees, yet it is washed up at Nagai beach nearby. The Once I am out, I wander to the terrace the bronze statue of Amitabha Buddha, Anita Rao Kashi is an independent jour-
became the seat of the shogun ruler. The peaceful, the quiet broken only by strains story goes that a monk called Tokudo adjoining the main temple to get a fill of the one of infinite light. nalist based in Bengaluru.
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CULTURE SaturDay, 2 March 2024
New Delhi 11

‘FILM ITSELF IS
A CHARACTER’
Raam Reddy on shooting his second feature, ‘The Fable’, on 16mm, and why the setting
always comes early in his outline and feeds into absolutely everything

spontaneous meditation. The purity of potently than the digital medium. Film
that space, from which the song comes, is itself is a character, the grain dances from
why the family were worthy of this story. frame to frame. I do still photography on
Naiharwa is about reaching the land of the film, so that was the entry point.
enlightened. Both have been sung by my Creating this visual world was a beauti-
sister-in-law (Hindola Aguvaveedi). She ful collaboration with debut cinematogra-
would sing these to us after she married pher Sunil Borkar, and debut production
my brother. designer Juhi Agarwal. I love working
How much does the film draw on your with first timers in key roles—it’s not like
own life? I am so far away from being one—because
I have spent time in a coffee estate, I their visions are so uncoloured, coming
have seen those relationships as a child straight from the hearts.
Trisha Gupta and I wanted to question them. So the soul Would you speak a little about the
of the film is personal, it’s my voice as an film’s politics, and class in it?

R
aam Reddy was 26 when artist. But the body—the north Indian set- First of course there’s the colonial hang-
his directorial debut Thi- ting, the narrative elements, those are my over. And class has always fascinated me.
thi (Funeral) premiered at craft as a filmmaker. I almost don’t want to It is a cross-sectional analysis of a planta-
the 2015 Locarno Film be over-familiar with the place. Like in tion society. There is the family at the core.
Festival, winning several Thithi—it wasn’t my village. Then the manager who is loyal to the fam-
awards on the international film festival In ‘Thithi’ you worked largely with ily but is a local himself, so he mediates
circuit and the national award for Best non-actors. Here you have well- between worlds. Then there are the villag-
Kannada Film in 2016. A marvellously known actors. ers whose livelihoods are based on the
deadpan tragicomedy about three genera- Unlike in Thithi, where we wrote roles estate by choice, or at least within the
tions of men responding to the death of a based on real-life charac- choices available to them. There is a loving
patriarch, Thithi was set in co-writer Ere ters, here I wanted to relationship between Dev (Bajpayee) and
Gowda’s village of Nodekopplu in Karna- write and then find actors his workers, but there is an obvious dispar-
taka’s Mandya district. who could inhabit those ity. There is a shot in the film where the
Now 34, Reddy has made a second fea- key roles, who could workers are walking home, under suspi-
ture strikingly different from Thithi in village. Here it’s the mountains, because have a lot of specifics. transform. But there are cion—and you cut to the family at a dinner
terms of cast, language, setting and tone. they have an inherent magic in the air. Talking of speci- many non-actors: the vil- party.That’s just how much of India is. And
The Fable features Mumbai-based actors In ‘Thithi’, there was a real village. fics: why fires? lagers, the army men, the then there are the nomads: they surrender
like Manoj Bajpayee, Deepak Dobriyal and But in ‘The Fable’... When I was in the gardener, the maid. They to nature, they don’t speak.
Tilottama Shome, has dialogues in English It’s fictional. mountains for the served different purposes The nomads seem to represent a dif-
and Hindi, is shot on 16mm, and unfolds in So, was the germ of this film the set- first time, I went to within this tapestry. ferent sensibility from your real-
the shadowy glades of a fruit orchard in ting? fight a forest fire. Was the combining of world concern with class. They seem
Uttarakhand. Set in 1989, it’s about an Actually, it was genre. The magical ele- And I like allowing actors and non-actors almost fictitious.
English-speaking business family not dis- ments I have experienced in very moving life to guide my sto- ever a challenge? Totally, almost like elves. They had to
similar to Reddy’s own—except that the ways in literature, I wanted to translate rytelling hand. These are the challen- stand apart. They are part of the question-
man of the house (Bajpayee) spends a lot of them into cinema. Then the setting: I You mean, it’s like ges I love. That dynamic ing of our rights. Can we inhabit nature,
time surveying his surroundings, wearing spent three months in the mountains. The magic: the fire was exciting to me: having filled with trees and creatures, without
a pair of wings. The Fable substitutes Thi- narrative structure comes from what story happening while a veteran like Manoj-ji do being persecuted?
thi’s gentle philosophical realism with the the place wants me to tell. Thithi was you were there. scenes with Ravi Bisht, Your shooting schedule was dis-
surreal and mysterious, exploring the fam- very... humorous? This time I was excited Exactly. Fire was who is a Pahadi villager, is rupted for two successive summers
ily’s transformation after fires begin to by the challenge of holding attention also exciting at the talented but never acted by the pandemic. What do you do as a
break out on their estate. through mystery. narrative level: it’s the perfect crime (clockwise from top, before. Or Tilottama filmmaker when something stops a
Lounge spoke with Reddy at the ‘The Fable’ combines a real world (there’s no way to know where a spark fell left) Raam Reddy; stills (Shome) going into the non-actor world creative process like that?
recently concluded 74th Berlin Interna- with the surreal. How did you in a pine forest) as well as the perfect cap- from ’The Fable’; and and playing a villager. But mostly we You stop, internally as well. I make one
tional Film Festival, where The Fable had decide what those magical elements sule to see how an unknown accident Manoj Bajpayee. had an actor schedule and a non-actor film at a time. But I am a compulsive crea-
its world premiere. Edited excerpts: would be? affects a social ecosystem. Fire also signi- schedule. tor. I’m into photography, music, philoso-
I would love to clap on a pair of wings fies many things, like regeneration. I tried with this film to bring opposites phy, poetry, songs—not for an audience,
The settings of both your films are and fly. Or be able to communicate with- Destruction is not always negative. It also together. So it is realistic but also magical; yet.
very different: a chaotically busy Kar- out words. I always wanted to be part of brings forth the new. it is 16mm, 1980s in look and feel, but it’s Do you think of ‘The Fable’ as politi-
nataka village and a vast, quiet Hima- that heightened reality. It gets a little You have two songs, which seem cru- also VFX-heavy. (The fires, but also a lot of cal allegory?
layan estate. What role does place indulgent, but I wanted to abide a little in cial to the mood. ‘The Fable’ substitutes the nature is VFX.) It is part of the layers, but you can
play in inspiring your work? these dreams, in a very pure way. Not just mood, but meaning. The lyrics Why did you want to shoot on film? decide what you think is the core. As an
A huge role. Place always comes early in Do your scripts start as novels? move me to tears each time, even in the ‘Thithi’s’ philosophical realism Multiple reasons. One, it was the artist, that’s exciting to me—to leave
my outline and feeds into absolutely every- My novels look more like films scripts: I edit room. Shivoham says you are not your with the surreal, exploring medium in use in 1989. Making it look like room for my art to be inhabited.
thing. My novel It’s Raining In Maya (2011) think in cuts. But yes, this screenplay was body, or your mind: you are pure con- the family’s transformation it was shot then, that authenticity was
is set in a fictitious town inspired by my quite literary. I used language to create sciousness. This is the deepest part of our exciting. I also believe in a kind of transfer- Trisha Gupta is a Delhi-based writer and
years in Delhi University’s North Campus. moods that had to be executed in the philosophy and I connect with it deeply.
after fires begin to break ence of consciousness in art; I think film critic, and professor of practice at the Jindal
I lived in Malkaganj. For Thithi, it was the audiovisual domain. Quite hard to do if you As does the family. It takes them into a out on their estate carries our emotions in a tactile way, more School of Journalism and Communication

Britain’s literate punk revivalists’ album of love


probably, more accessible sound. and electronic soundscape on TANGK.
THE LOUNGE Whereas Talbot has often sounded And on songs such as the aforemen-
FIRST LIST
menacing and enraged on many of their
past albums, on TANGK, there are
tioned A Gospel, Grace, and Dancer,
Talbot’s vocals can seem less angry and
B E AT songs that are distinctly soft, tender more full of gratitude and celebration.
Five tracks by IDLES even. On A Gospel, he sounds sad and The signature passion and energy of
SANJOY gentle as the song opens with the words: the band remains, though, and that is a
N A R AYA N from ‘TANGK’ to “Lay me down/ On the floor/ I’ll take the good thing.
bookend your week news better/ I am already torn.” It’s a love TANGK can disappoint some fans of
song, about broken love. For those of us IDLES who might miss the menace and

R
ecently, Joe Talbot, vocalist and 1. ‘Gift Horse’ who got hooked to IDLES by way of confrontation that their earlier albums
frontman of the fiercely angry albums such as Brutalism (2017), Joy As conveyed. Yet, the new turn that their
post-punk British band, IDLES, 2. ‘Roy’ An Act of Resistance, or even Ultra Mono, music has taken on the album could be
donned a new hat. He narrated a bed- it was the acerbic wit, and the hardcore timely. By the time the band released
time story for CBeebies, the BBC- 3. ‘A Gospel’ in-your-face angriness that drew us to Ultra Mono in 2020, a tiny bit of same-
owned free-to-air broadcast channel for them. In contrast, TANGK can, at least ness seemed to creep into their music.
children. The story, Under The Love 4. ‘Dancer’ sometimes, seem mellow. Heck, the The obligatory rawness evoked a sense
Umbrella, was a tender little tale about album seems to also be about love, long- of deja vu. This is something the band
how wonderful a feeling love can be. For 5. ‘Grace’ ing and break-ups. might have realised earlier.
those familiar with the IDLES’ and Tal- On Roy, Talbot, 39, who identifies as On 2021’s Crawler, which is an out-
bot’s ferocious music with literate yet bisexual, has a chorus that goes: “Baby, standing album, probably because their
aggressive lyrics that deal with society, drawn by the energy of their music and baby, baby/Baby, baby, babe/ Baby, baby, “punk” sound was beginning to grate,
life, and, importantly, politics, the their engaging stage presence. baby/ I’m a smart man, but I’m dumb for the band tried incorporating other gen-
sound of him gently reading a bedtime At the core of IDLES’ live performan- you.” It’s quite an evolution for a band res: soul, electronic, and rock. And
story for CBeebies’ target audience, ces is Talbot. He throws himself into that has, in the past, blasted xenopho- instead of a trademark explosive opener,
which is children aged six and under, every performance, moving around the bia; skewered politicians; and roasted MTT 420 RR (named after a powerful
can come as quite a surprise. Joe Talbot of the British band IDLES, in June 2022. GETTY IMAGES stage with a raw and unbridled inten- the elite in their lyrics. Have IDLES motorcycle), the first song on that album
As much a surprise as the IDLES’ fifth sity. He often jumps, crouches, and gone soft, then? was softer and more contemplative.
and newest album, TANGK, might have views on contentious issues such as the quickly became IDLES’ hallmark and it interacts with the crowd, creating a con- There is, for sure, a change in tone in On TANGK, IDLES take that evolu-
been for fans of the band. Five years ago, unbalanced state of world, immigration, was a large part of what got the band its tagious energy that feeds into the entire TANGK. Some of that is because of the tion further up a notch or two. The lyr-
when IDLES had just begun to be inequality, elitism, and cultural biases; fans across the world. In a short span of experience. music. The band recruited the English ics lean positive; the music is denser and
noticed around the world—with much and of how their songs, mainly written time, IDLES have grown significantly in His voice is a powerful instrument, producer Nigel Godrich, famous for his more crafter; and the mood is more
acclaim, I might add—I had written in by Talbot, contain deep references to popularity. Their albums Joy As An Act capable of delivering both aggressive association with bands such as Radio- introspective. Those can’t be bad things
this column about how they marry the history and society, particularly relating Of Resistance (2018) and Ultra Mono screams and soulful crooning. head, Beck, and Arcade Fire, for the for an album, can they?
anger and irreverence of punk with to Britain. (2020) both reached No.1 in the UK That’s why TANGK could come as a album and its sound is IDLES’ most
well-structured musical compositions The spittle-spraying anger that album charts, demonstrating their com- surprise for many IDLES’ fans because ambitious and striking work yet. Punk’s First Beat is a column on what’s new
and highly literate lyrics that often com- marked the way Talbot delivered his mercial appeal. In the US, their multiple it shows a shift, not a very subtle one, by urgent idiom of sonic rawness has and groovy in the world of music. He
prise forthright and uncompromising lines, part spoken word, part song, tours have got them a solid fan base, the band towards a more melodic and, given way to a more swooning, melodic posts @sanjoynarayan
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12 SaturDay, 2 March 2024
New Delhi BUSINESS LOUNGE

Vidur Gupta
STIRRING THE MARKET The co-founder of Third Eye Distillery aims to create a house of spirit brands
that disrupts the liquor space in India and abroad
Illustration by Priya Kuriyan
Jahnabee Borah
jahnabee.b@livemint.com

t’s 7pm on a Wednesday, and

I some would say it’s gin o’clock.


But in the Mumbai offices of
Third Eye Distillery, co-founder
Vidur Gupta asks for a black cof-
fee and settles down for the interview.
Third Eye Distillery is in expansion
mode—in India and abroad—and Gupta,
India needed a
who leads the investments, international
business and new projects, has spent the
past month travelling.
homegrown gin
The company owns gin brand Stranger
& Sons, the liquor brand Short Story Spir-
its with rum, vodka and gin in its portfolio,
with botanicals
and the cocktail consultancy Countertop
India. It also holds a 51% stake in the tonic
and mixers brand Svami Drinks. Estab-
lished in 2018, the company is run by
from here. The
Gupta and his two co-founders: his cousin
Sakshi Saigal and her husband Rahul
Mehra, who is also co-founder of Svami.
ingredients are
In the overcrowded Indian gin market,
Stranger & Sons is not just another option.
It has created a niche and a cult-like fol-
lowing, both for home consumption and
here, the
at bars. When it launched in end 2018, the
botanical-forward spirit, with hints of
black pepper and coriander, tapped into
the premium category at the price of
margin is here.
₹2,500 a bottle and went on to win multi-
ple international awards. In 2020, it
secured a gold-outstanding medal in Lon-
don at the International Wines and Spirits
Competition (IWSC), considered to be the
Oscars of the spirits world. The following
year, it brought home another gold at The
Drinks Business Asia Summer Tasting in
Hong Kong.
Participating in renowned drink com-
petitions is key to the brand’s strategy of

Third Eye will close the


current FY at 60,000
cases across their two
spirit brands, and
140,000 cases across the
non-alcoholic portfolio

gaining international recognition. When


they launched, Gupta, 31, says, they paid
equal attention to the domestic and the
global market. This stance has held them
in good stead. Stranger & Sons is available
in bars across the UK and Asia and had a
soft launch in the US last year. As per mar-
ket research company Insight Fusionist
Market, the global gin industry is valued at
$13,590 million (around ₹1.1 trillion) in
2024 and is expected to touch $18,220
million by 2031.
In the domestic liquor space, gin’s share
is just above 1%, but it is the fastest growing
segment, notes Anjali Batra, founder of
the Gin Explorer’s Club, which organises
gin festivals in India. Research by the mar-
ket advisory firm Allied Market Research,
points out, “India’s gin market was valued
at $914.7 million in 2020, and is projected
to reach $1,598.2 million by 2030.”
While Stranger & Sons targets the pre-
mium market with a distinct Indian iden- at Indian multinational company Essar, were no homegrown gins in the premium “The three of us are extremely ambi- designed the menus for some of the buzzi-
tity, products from the Short Story Spirits product development in UK food brand segment with a global appeal. It seeded an How do you unwind? tious and we are India proud. We wanted est new bars in India, such as Spirit For-
stable are priced below ₹2,000, and posi- Eat Natural and being a fund-raising caller ambition to start a company. By travelling to create a company that reflected these ward in Bengaluru and Bandra Born in
tioned for the affordable liquor segment. for his college. “I used to call Americans For decades, gin in India was synony- qualities,” he says. They also noticed that Mumbai.
When Third Eye started, the founders had through the night and was paid £11 an mous with the pocket-friendly Blue Current travel gins like Bombay Sapphire and Jodhpur, Although the gin space has seen a fair
a clear objective: creating a “house of hour, which was great. A day’s shift was Riband. In 2016, the bar and restaurant both made in the UK, were selling the amount of interest from homegrown
brands” that was distinctly Indian with a seven and a half hours and I had this great Toast & Tonic opened in Bengaluru and
interest India story. “India needed a homegrown startups, and several international brands
The forests of India
global appeal. “With these bottles, we can ability to not sleep. So, I could work gave the spirit a premium makeover with gin with botanicals from here. The ingre- have entered India in the recent past,
communicate with a person who talks and through the night,” he recalls. After col- sophisticated cocktails. Meanwhile, dients are here, the margin is here. You Gupta believes they haven’t scratched the
looks like us,” says Gupta. He is referring lege, he joined Eat Natural full-time as a botanical-based gins were trending in the
Do you have pets? could make a brilliant product in almost surface to reach their full potential. “We
I rescued a dog from a breeder.
to Indian millennials or Gen Z who are business development manager in Essex, West. In India’s spirit industry, those with any category of food manufacturing seg- are almost at 100% year-on-year growth.
He is a mixed breed, and his
proud of the made-in-India label, have UK, in 2014. “I always knew I would be in international exposure in food and bever- ment that can compete in the interna- We are looking at an 150% growth for the
name is Bagheera
had international exposure and are curi- food,” he says. age—Manu Chandra of Toast & Tonic, tional market.” next financial year, and clocking an
ous about new experiences. In 2016, he returned to India to help his Anand Virmani of Greater Than and the By 2019, Stranger & Sons travelled to annual revenue of ₹120-130 crore,” he
Gupta embodies these traits. Born in father with the family business. Mean- founders of Third Eye—pioneered the gin London and started participating in inter- says. In terms of volume, they will close
Mumbai, he spent a few years in London while, his mother sold healthy brownies revolution. national spirit competitions. Being listed the current financial year at 60,000 cases
as a toddler when his father, Mohit and chikkis from home under the brand “In the UK, we were drinking a lot of on the Savoy in London that year was a across their two spirit brands, and
Gupta, moved there for work. On their Gouri’s Goodies. Drawing on his experi- gin. Sakshi and I met at a bar in Mumbai in milestone moment. 140,000 cases across Svami’s non-alco-
return to India, the family shifted to Goa ence from Eat Natural, Gupta saw growth 2017. There were hardly any gin options; When they launched, gin was still a new holic portfolio. Goa, Mumbai, Delhi and
where his father set up a construction potential. He moved the production from and nothing from India,” notes Gupta. drink in India. Beverage consultant Dim- Gurugram are the biggest volume-drivers
business, Palacio Group. Gupta shuttles her kitchen to a commercial manufactur- “Rahul had enough experience in build- itri Lezinska, who used to be the global for the company.
between Mumbai, where he has a home ing unit and grew the brand exponen- ing alcohol businesses, Sakshi had quit her brand ambassador for Grey Goose by “Premium gin, though a small segment
too, and Goa. Third Eye has a distillery in tially between 2016-18. One-and-a-half job (in the business development team of Bacardi for eight years, designed their ini- of the overall spirits industry in India, con-
south Goa. years into the business, it came crum- a shipping company) and I had retail tial advocacy programme and helped them tinues to dominate the mindspace of aspi-
Growing up, Gupta changed six bling down when a fund-raising effort fell knowledge. I think I was also trying to get create a brand-driven, polished cocktail rational consumers,” says Gupta of gin’s
schools. “One of the reasons for this is that through. They had to roll back opera- over the loss of failure (with Gouri’s Good- experience. Now, they have hired bartend- role in the Indian alcohol industry.
I am dyslexic, and at that point it was con- tions. Gouri’s Goodies now runs as a ies).” The trio started the manufacturing ers like Jitender Rana and Feruzan B to “Recently, Indian whiskies have garnered
sidered a learning disability. My whole small-scale business. unit of Third Eye Distillery in Goa in 2018. visit bars and create cocktail menus. In line attention and there’s a steady rise in con-
team has realised that if my texts come In hindsight, he feels managing Gouri’s In the beginning, there were just six-seven with this strategy, they sponsor bar take- sumers preferring rums.” For the next
wonky, it’s their problem, not mine. You Goodies was “like an MBA education”. “It employees, including the founders. It is overs. Last year, when one of Spain’s best phase of international expansion and to
just have to own it and move on. I don’t came at a high cost though,” he laughs. still a small business—they are a team of bars, Paradiso, was in India, Stranger and improve domestic distribution, Third Eye
think it makes us special; I don’t think it Coincidentally, around this time his 120. Sons was the official sponsor. is aiming to raise growth capital.
makes us not special either.” cousin, Saigal, had returned to Mumbai in The company was largely self-funded As part of their domestic expansion, So far, the global market has been the
While pursuing his master’s in eco- 2017, after studying at IESE Business with investments from a few high net- they acquired the beverage consultancy playfield of Indian brown spirits such as
nomics and management from the Uni- School in Barcelona. She was dating worth individuals (HNIs). A 2023 Mint Countertop India in 2022, which special- Old Monk rum and Amrut single malt.
versity of St Andrews in Scotland, Gupta Mehra who co-founded beer brand Gate- story lists Third Eye’s marquee investors ises in crafting unique drinking experien- Third Eye’s biggest impact has been dis-
interned at various places, working in the way Brewing Co. in 2011 and Svami Drinks as Priya Sharma Ranjan, an angel investor, ces through their cocktail programmes rupting the white spirits industry as a
impact investing division of consultancy in 2016, both in Mumbai. The three of and Ashish Hemrajani, founder and CEO and has launched its own bars as well. homegrown company, and they believe
firm Intellecap, in business development them began to notice a market gap: there of BookMyShow, among others. Since the acquisition, Countertop has they are unstoppable.
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LIVEMINT.COM NEWS SaturDay, 2 March 2024
New Delhi 13

m MINT SHORTS
India signs $2.36 billion contracts
AI gets
basic work Record vehicle production
to buy nuclear-capable missiles
New Delhi: The Union defence ministry on Friday signed con-
tracts to procure nuclear-capable BrahMos missiles for the
Indian Navy at a total cost of ₹195.2 billion ($2.36 billion), the gov-
at law
companies
in Feb, retail demand key
ernment said in a statement. India had previously approved the
purchase of 200 BrahMos missiles. The defence ministry also FROM PAGE 16
signed a contract to purchase a ship borne missile system for
₹9.88 billion. REUTERS than replace human expertise. Long wait periods for delivery of cars coming to an end even as stocks pile up at dealerships
Collaborating with AI solution
providers is a viable strategy to
Nod to rice export to Tanzania stay competitive and meet Alisha Sachdev have been added to the stock. The stock
evolving client demands, they alisha.sachdev@livemint.com level is now 300,000 units, which is
Guinea -Bissau, Djibouti said. new delhi around 25-26 days of stock in the
REUTERS
“In the realm of legal tech, industry, he added.

T
many prominent law firms are he era of inordinately long "So far since July of last year, we have
actively exploring and adopt- waiting periods for passen- seen pending bookings significantly
ing AI-powered solutions to ger vehicles may be ending come down and stock in the channel
enhance their operational effi- as carmakers continued to had come down. But not only is it pretty
ciency and client services,” ship a record number of high again, the luxury for OEMs to push
said Komal Gupta, chief inno- vehicles in February, building up stock wholesale against retail is not there
vation officer, Cyril Amar- in the dealership network. Carmakers anymore," Srivastava told Mint.
chand Mangaldas, a Mumbai- will therefore have to keep a close However, inventory addition alone
based law firm. watch on demand, as inventories, may not be cause for alarm.
According to Gupta, while which have already reached 26 days, According to Jay Kale, senior vice
specific initiatives vary, many are likely to pile up in showrooms with president, Elara Capital, it is normal for
firms are investing in AI for original equipment manufacturers passenger vehicle makers to increase
New Delhi: Indian on Friday allowed supply of 50,000 contract analysis, due dili- having been able to fulfil pending dealer inventory in the fourth quarter
tonnes of broken rice each to Guinea-Bissau and Djibouti gence, legal research, drafting orders and incremental sales depend- of the fiscal as they normally bring
and 30,0000 tonnes of non-basmati white rice to Tanzania. and document automation, as ing solely on the pace of fresh demand, SUVs continued to drive demand for passenger vehicles and accounted for 51.5% down production in December.
This comes in the backdrop of India’s export ban on these they look to streamline work- a top industry executive said. of all passenger vehicle sales in February MINT “Hence, wholesale is normally higher
rice varieties amid it championing for the Gobal South. flows and reduce manual The industry is expecting to end the than retail in Q4. For two-wheeler
India imposed a ban on broken rice exports in September tasks. In terms of the impact AI fiscal year in March at a growth of 8.1% tures premium motorcycles such as the electric two-wheelers were up 24% makers, after a good festive season
2022 and non-basmati white rice in July 2023 to ensure the could have on new hires at law at 4.2 million units, Shashank Srivas- Classic 350 and Himalayan, however, year-on-year (due to the extra day in dealer inventory had come down to
country’s food security and to curtail inflation. PUJA DAS firms, Gupta said there is a tava, senior executive director, Maruti wholesales grew at a mere 5% whereas February because of 2024 being a leap comfortable levels this year and hence
recognition that AI imple- Suzuki, India's largest carmaker said. retail registrations shrank 1.3% last year to a certain extent) but were flat there is more scope for adding inven-
mentation may reshape job For two-wheeler makers Hero Moto- month compared to the same month compared to January at 81,963 units. tory this year. Also, with the prepone-
Urea consumption of 2.5 mt to roles, requiring a shift towards Corp, TVS Motor Co and In February 2024, the ment of the marriage season this year,
be replaced with nano urea more strategic and analytical Bajaj Auto, factory-gate INDUSTRY SPEEDOMETER passenger vehicle indus- companies want to be well stocked for
tasks while reducing the dispatches clocked a try recorded wholesales demand,” Kale said.
New Delhi: India will replace consumption of 2.5 million tonnes emphasis on routine, adminis- strong double-digit THE industry is IN February, THE stock level is of 373,177 units as Sport utility vehicles (SUVs) contin-
(mt) of conventional urea with nano urea in FY 2023-24, said trative work. growth in February com- expecting to end the
fiscal year in March
passenger vehicle
industry recorded
now 300,000 units,
which is around
opposed to 335,324 units ued to drive demand for passenger
union chemicals and fertilizers minister Mansukh Mandaviya on “However, we believe that pared to a year ago, even at a growth of 8.1% at wholesales of 25-26 days of stock of February 2023, grow- vehicles and accounted for 51.5% of all
Friday. This comes on the lines of India’s pledge to achieve self- AI can enhance job satisfaction as registrations of two- 4.2 million units 373,177 units in the industry ing at 11.3%, Srivastava passenger vehicle sales in February,
sufficiency in urea production by 2025. There are three plants in by empowering lawyers with wheelers grew at a much said. with the segment expected to account
India producing conventional urea to cater to domestic demand. relevant quality tools, allowing slower pace (13.2% for all The retail numbers are for just over half of the entire industry's
Urea consumption till 31 January in the current financial year was them to focus on high-value, two-wheeler OEMs, including EVs, in in 2023. lower, estimated to be around 335,900 sales in FY24. “We saw that rural
31.7 mt and in FY23, it was 35.7 mt, Mandaviya said. PUJA DAS intellectually-stimulating February year-on-year), leading to Sales of electric two-wheelers, how- units against 301,900 units last year, growth cumulatively was at 11.7%
work, and that it will lead to a inventory addition at showroom, anal- ever, remained flat compared to last which is also an 11.3% growth. However, between April and February, higher
more fulfilling and dynamic ysis by brokerage Elara Capital showed. month, reflecting a stagnation in the difference between wholesale and than growth in urban sales at 8%,” Mar-
JSW Steel to invest ₹1,282 crore legal profession,” Gupta said. For Royal Enfield, which manufac- demand. Registrations of high-speed retail is about 40,000 units, which uti's Srivastava said.
in its Italian steelwork mill site
BLOOMBERG

PMI at 5-month high in Feb Mkts rocket to new Beat early


FROM PAGE 16 showed that growth in GST reve- highs on GDP fuel profit path:
orders for 21 months.
The seasonally adjusted
nue receipts from domestic
transactions went up by 13.9% in
February, while the same from FROM PAGE 16 gins–a measure of profitability
investors
HSBC India manufacturing
purchasing managers’ index
import of goods rose by 8.5%.
Implementation of stringent State Bank of India.
for lenders.
“The momentum in the mar- crack the
(PMI) recovered further from compliance measures on the Stocks that surged to fresh ket could continue, led by large

New Delhi: Sajjan Jindal-led JSW Steel on Friday


December’s 18-month low of
54.9, rising to 56.5 in January
GSTN portal, which processes
tax returns, can be inferred to
life-highs included Reliance private banks which have been
Industries (₹3,000 per share), lagging since the past few
whip
announced that it is going to invest €143 million, roughly and then to 56.9 in February. have contributed to the growth ICICI Bank (₹1,089.95), Tata months,” said Andrew Holland,
₹1,282 crore to help relaunch its Italian steelworks mill site The latest reading pointed to in GST collections, said Surbhi Motors (₹980.4), and Adani chief executive officer, Aven- FROM PAGE 16
Piombino. The company, in a press release, said that its the strongest improvement in Punshi, tax expert and lead Ports (₹1,349). dus Capital Public Markets
subsidiary JSW Steel Italy SRL has signed a Memorandum the health of the sector since The seasonally adjusted HSBC product manager at Cleartax, a The broad-based nature of Alternate Strategies. ing platform Masai School, are
of Understanding (MoU) with the respective Italian author- September 2023, S&P Global India PMI recovered from Dec’s technology firm offering GST- Friday’s rally was reflected by Holland said India’s robust expected to turn profitable
ities to relaunch the Piombino site. NAMAN SURI said. The index ranges between 18-month low. BLOOMBERG related services. the Nifty Midcap 150 and the GDP growth was attributable to soon, Sinha said, joining a
0 and 100, with a reading above For example, businesses Nifty Smallcap 250 indices ris- impressive tax growth and growing list of companies such
50 showing an expansion com- in the month to ₹14,931.89 cannot file their current ing 0.8% and 0.64%. fewer subsidies. But weak as Niyo, BigBasket, Wakefit and
Markets regulator clears Digit’s pared to the previous month, crore compared to that of the month’s tax return that sum- The biggest growth in private LEAD Group that have out-
and below 50 an overall same month a year ago. marizing all sales unless they sectoral gainers The Nifty ended c o n s u m p t i o n lined their path to profitability.
IPO after delay, letter shows decrease. Meanwhile, automobile have filed the previous month’s were the Nifty Friday’s trading expenditure, at There has been significant
Mumbai: The Securities and Exchange Board of India (Sebi) has “The HSBC final India man- companies Tata Motors, self-declaration of transactions. Metal index, 1.6% higher at just 3.5% in Q3, overhaul on go-to-market
given Digit Insurance the go-ahead to launch an IPO after multi- ufacturing PMI indicates that Toyota and Mahindra and “The government’s efforts to which rallied 22,338.75 points, warranted a rate architecture such as the chan-
ple compliance issues delayed approval for the deal originally production growth continued Mahindra reported steady rise tighten compliance, along with 3.62%, and the cut by RBI before nels companies use and
its highest
planned in 2022, according to a letter. Digit, last valued at $3.5 to be strong, supported by both sales in February, continuing the digitalization of tax pro- Bank Nifty, which the US Federal improving sales focus, refining
billion, filed for an initial public offering in August 2022, but its domestic and external demand. the trend of good growth seen cesses and the introduction of gained 2.53%. percentage rise in Reserve cuts its products and solutions that do
plans were halted twice by Sebi, which raised concerns over the Manufacturing firms’ margins in the economy. measures to curb tax evasion, While metals six months interest rates. not make sense, and revisiting
legality of some share issuances, Reuters reported. REUTERS improved as input price infla- The strong revenue collec- are likely significant contribu- gained because of India’s GDP price and margin structures,
tion slipped to the lowest since tion trend in GST, a tax on con- tors to the growth in GST col- the growth in the expanded at 8.4% Shaleen Sinha, head of growth
July 2020,” S&P Global said in sumption, comes in the wake of lections,” said Punshi. manufacturing sector, banks in the December quarter, much tech at BCG India said. “These
Lessors seek contempt notice a statement quoting Ines Lam, an upward revision in the FY24 GST revenue net of refunds rose on hopes of an earlier- ahead of the 6.6% median fundamental pieces are now
economist at HSBC. growth forecast by the statistics for February 2024 is ₹1.51 tril- than-expected cut in interest growth projected in a Mint poll resulting in much better unit
against bankrupt Go First’s RP Reflecting the growth ministry on Thursday to 7.6%, lion, which shows a growth of rates by the Reserve Bank of of 17 economists, and almost economics and companies are
New Delhi: Many lessors of bankrupt airline Go First told the momentum in economic activ- up from the 7.3% made in Janu- 13.6% over that for the same India to address the tepid twice as fast as the 4.3% pace either achieving or being close
Delhi High Court on Friday that the airline’s resolution profes- ities, the Ministry of Railways ary this year, aided by invest- period last year. After settle- growth in private consumption. recorded in the third quarter of to Ebitda breakeven,” BCG’s
sional (RP) Shailendra Ajmera had failed to conduct any mainte- said on Friday its originating ments in plant and machinery, ment of inter-state sales, the A cut in rates would mean FY23. For FY24, the statistics Sinha said. Ebitda is short for
nance on their aircraft and sought a contempt notice against. The freight loading saw more than manufacturing activities and central government collected that banks wouldn’t have to ministry on Thursday said it earnings before interest, tax,
gave time to the RP to come up with instructions on the next date 10% jump annually in February some improvement in the ₹73,641 crore, and states raise deposit rates in a hurry, expected India’s economy to depreciation and amortization.
regarding whether the responsibility for maintenance should be to 136.6 million tonnes and its trends in cross-border trade. ₹75,569 crore in GST receipts. which could consequently grow at 7.6%, ahead of RBI’s 7% These comments come as
given back to the lessors or to a third party. KRISHNA YADAV freight revenue jumped 9.98% Finance ministry data gireesh.p@livemint.com improve their net interest mar- projection. the pandemic-led funding
boom collapsed and valuations
for companies fell after higher
interest rates, uncertain mac-

Goodbye single-lane A golden age for stockmarkets is drawing to a close roeconomic conditions and
other geopolitical tensions
dampened investor senti-

national highways FROM PAGE 16 Techno-optimism is also the


basis, in some quarters, for bull-
may even be reversed.
Under realistic assumptions
ments. This has resulted in a
shift in mindset for both
founders and investors to
Despite a slowdown in China— ishness about economy-wide about what will happen to valua- become more prudent in their
FROM PAGE 16 such expansion is possible. whose sagging markets are an productivity growth. The lesson tions, interest and taxes, to gen- business decisions due to lim-
Officials said that single-lane exception to the global trend— from other fundamental tech- erate even modest real equity ited availability of capital.
would be taken up as national highways would only be availa- the IMF has been nudging up nologies is that it takes time to returns of 4% a year over the “There is now an under-
highways,” said Kushal Kumar ble in areas where further its global growth forecasts, too. work out how to exploit them. next decade, America’s firms standing on both sides
Singh, partner, Deloitte India. expansion was not possible due Adding to investors’ bullish- Businesses talk non-stop about would need to increase their (founders and investors) that
About 90% of the current to topography of the region or ness is their optimism about arti- generative ai but it remains at underlying profits by around 6% once the company has raised a
highway network comprises due to ecological concerns. ficial intelligence (ai). This is not the experimental stage. As a a year, close to their best ever certain threshold of, say, ₹700-
two lanes, two lanes with paved This would ensure that such a ChatGPT-like hallucination. result, even if ai is destined to post-war performance. No won- 800 crore, it’s high time it
shoulder, four stretches become The event that propelled stocks transform societies utterly, der Warren Buffett, a veteran becomes profitable. It has a spi-
lanes and more The proportion less than 5% of the into the stratosphere was the today’s investors may struggle investor, sees “no possibility” of ralling effect where the limited
than four lanes. of single-lane country’s total publication on February 22nd of to pick which companies will super returns for his fund. partners are not rewarding
The length of four national highways highway length in earnings by Nvidia, which has an Adding to investors’ bullishness is their optimism about AI. AP make money. Believers in the The long and grinding such fund managers and fund
lane and above has fallen from the next few years. iron grip on the market for chips dotcom boom were not wrong road managers are not rewarding
highways stood at The length of that are critical for training ai faster. In other words the enthu- tech stocks, such as Microsoft, about the transformative power Equities could underwhelm such founders who freely
30% of total NH
46,179 km (about single-lane models. In October 2022, just siasm that has lifted Nvidia close whose eventual commercial of the internet—but they still in many ways. Perhaps ai-exhil- spend money,” Ashish Fafadia,
32% of total high- length in 2014 to national highways before OpenAI released its now- to a stockmarket value of $2trn is strategies in the ai era are still far lost their shirts. aration will cause a dotcom-style partner at Blume Ventures said.
way length) while 10% now in the country has celebrated chatbot, Nvidia not built on dotcom-like hype, from clear. These firms are If things stay sane this time, bubble that pops. Another war “Investors have moved on
that of two-lane been falling since earned around $3bn in gross but cold, hard profit. hoarding Nvidia’s chips in the valuations will not climb much or crisis could lead to a crash. Or from market share development
and two-lane 2014 when it used profits each quarter, mostly Judging the boom to be justi- belief that, one way or another, further. The trend of rising prof- prices may stagnate in a gentle at all costs to gaining market
highways with paved shoulders to be 27,517 km or 30% of total from selling graphics cards to fied, though, does not make it their AI businesses will boom. its, as a share of the economy, bear market that takes years to share in a more sustainable man-
stood at 85,096 km (about 58%). NH length as compared to gamers. In the three months to wise to rush out and buy stocks. However, it remains to be seen also looks spent. Their outsize reverse. Whatever the path to ner. The expectation is that com-
The changes would mean 14,870 km or 10% now. Alterna- the end of January 2024 Nvidia What happens next is unlikely to how they will resolve basic issues growth in recent decades was a disappointment, in ten years’ panies generate profits within
that portions of the remaining tively, the length of four lane or earned $17bn in gross profits fill investors with glee. That is with their large language models. one-off, caused by the falling time nobody will be repeating 4-7 years or by their Series B
single-lane highways would more national highways had while enjoying a margin of 76%. partly because the extreme Plenty of startups want to eat the cost of borrowing and taxes. As the obvious conclusion of today: round,” 3one4 Capital’s DESIG-
also be broadened to bring increased from around 18,371 The company’s share price has excitement about ai extends Big 7’s lunch, and competition inflation lingers and govern- that investors in equities—espe- NATION Siddarth Pai said.
them above two-lane structure or 20% of total length in 2014 to climbed five-fold over that time, beyond Nvidia to other members will keep profits in check—even, ment finances remain stretched, cially American ones—have (With inputs from Samiksha
with paved shoulders wherever 46,179 km or 32% now. but its earnings have grown even of the “Magnificent 7” group of eventually, at Nvidia. that fall cannot be repeated; it enjoyed a golden age. Goel)
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14 SaturDay, 2 March 2024
New Delhi NEWS LIVEMINT.COM

CDSCO proposes
norms to improve
Startups cry foul as Google India to see
warmer
biologics standards yanks apps off Play Store summer this
year: IMD
Somrita Ghosh
somrita.ghosh@partner.livemint.com PTI
NEW DELHI feedback@livemint.com
Google removed 10 popular Indian apps, including Bharat Matrimony and Shaadi.com NEW DELHI

T
he Central Drugs Stan-

I
dard Control Organisa- ndia is likely to experience a
tion has initiated a major Shouvik Das & Priyamvada C warmer summer this year
initiative to enhance the stan- NEW DELHI/BENGALURU: with El Nino conditions pre-
dards of biological products dicted to continue at least until

O
amid mounting global scrutiny n Friday, Google May, the India Meteorological
on the Indian pharmaceutical removed 10 popular Department (IMD) said on Fri-
industry. Indian apps, including day.
The apex drug regulator has Bharat Matrimony, More heatwave days than
come up with new guidelines Shaadi.com, and Kuku normal are predicted over
seeking to improve the quality, New CDSCO norms align with FM, from its Play Store, and warned northeast peninsular India—
safety, and efficacy of vaccines, international standards. MINT several others about possible actions Telangana, Andhra Pradesh
biologicals, recombinants, and for consistently failing to comply with and north interior Karna-
DNA products. The guidelines harm management, or unre- its billing policies. taka—and many parts of
align with international stan- lated to risk or harm manage- The move is expected to escalate the Maharashtra and Odisha, it
dards, including those set by ment, and annual notifications three-year legal tussle between Indian said.
World Health Organization regarding safety and efficacy. startups and the tech giant over the The country is likely to
(WHO) and regulatory bodies "Changes that have the mini- Play Store policies. record above-normal rainfall
of other countries. As part of mal potential to have adverse Despite protests from startups about in March (more than 117% of
the initiative, the regulator for effect on the identity, strength, Google’s sudden app suspensions, legal the long-period average of
cosmetics, pharmaceuticals, quality, purity, or potency of experts said the firm’s policy stance 29.9 mm).
and medical devices circulated the biological product as these could bolster their case in the upcom- India is likely to see above-
a draft, reviewed by Mint, for factors may relate to the safety ing Supreme Court hearing. normal maximum and mini-
consultation. The CDSCO has or efficacy of a product," it said. “Our apps were taken off the Play mum temperatures in most
invited stakeholders to com- The CDSCO also mandated Store on Friday morning along with a parts of the country in the
ment or raise objections by requirements for information notice and a blog post detailing Goo- March to May period, IMD DG
mid-April. to be displayed on gle’s policy on Play Store payments. Mrutyunjay Mohapatra said at
CDSCO has classi- The CDSCO product packages There were no prior intimations on this The move is expected to escalate the legal tussle between Indian startups and the tech giant over the Play Store policies. HT a press conference.
fied products also mandated such as the prod- matter, and we are going to look for Heatwave conditions are
under the new requirements uct monograph legal recourses against Google both for sathi. We have paid all invoices on time. Google said in a statement. paying their fair share creates an une- not expected over north and
guidelines for bio- for information (including stor- the long-term and short-term,” said We’re in touch with Google, and reply- “On 9 February, the Supreme Court ven playing field across the ecosystem central India in March, he said.
logical products age, title page and Murugavel Janakiram, founder and ing to the notice saying that we are also refused to interfere with our right and puts all other apps and games at a Lok Sabha polls are likely to
to be displayed
derived from liv- stability details, chief executive, Bharat Matrimony, compliant.” to do so…After giving these developers competitive disadvantage. Enforce- be held in April-May.
ing cells or orga- on product packaging, com- which had multiple apps with over 5 “For an extended period of time, 10 more than three years to prepare, ment of our policy, when necessary, Mohapatra said the prevail-
nisms like vacci- packages position, dosage million net downloads on the Android companies, including many well-es- including three weeks after the can include removal of non-compliant ing El Nino conditions—the
nes, genetically form and updated applications marketplace. apps from Google Play.” periodic warming of waters in
engineered DNA labelling informa- While several apps by Bharat ACTION SPARKS OUTRAGE Google’s action has sparked out- the central Pacific Ocean—will
products, off-patent bio-thera- tion), besides details on any Matrimony, which could be down- rage among startups, prompting continue through the summer
peutic products, cell and gene change in the drug substance loaded from the Google Play Store THERE were no SEVERAL apps SANjEEV GOOGLE’S action calls for the development of alter- season and neutral conditions
therapy products and blood nomenclature, and evidence of until Friday noon, are now inactive prior intimations,
said Murugavel
by Bharat
Matrimony are
Bhikchandani of Info
Edge said the notice
has sparked outrage
among startups,
natives to Play Store. However, are likely to develop there-
and blood products. recognition for the updated in India, others like People Group’s Janakiram of Bharat now inactive took the company prompting calls for experts it might not be easy consid- after.
"It will include an emphasis drug substance name. Shaadi.com apps received Google’s Matrimony in India by surprise alternatives ering Google’s extensive reach. La Nina conditions—gener-
on applying a science-based India faced global embar- notice but were not suspended. According to market researcher ally associated with good mon-
and risk-based approach to the rassment when In 2022 Gam- Info Edge’s matrimonial platform StatCounter, Android accounted soon rainfall in India—are
quality, safety and efficacy bia and Uzbekistan reported Jeevansathi, property search platform tablished ones, have chosen to not pay Supreme Court’s order, we are taking for more than 83% of the over 700 mil- likely to set in by the second
assessment of biological prod- infant deaths linked to cough 99acres and job search platform Naukri for the immense value they receive on necessary steps,” Google added. lion smartphone users in India as of half of the monsoon season.
ucts," it added. The guidelines syrups manufactured in India. were also suspended from Play Store. Google Play by securing interim pro- “While we always try to work with January-end. Startups alleged that The IMD chief also said that
outline regulations for labelling In response, the Union Sanjeev Bhikchandani, founder and tections from court. These developers developers to help them through our Google is abusing this power, prompt- India recorded an average
products and classifying them health ministry and CDSCO executive vice-chairman, Info Edge, comply with payment policies of other policies and find feasible solutions, ing them to seek relief from the Com- minimum temperature of 14.61
into different categories, such intensified efforts to monitor said the notice took the company by app stores. No court or regulator has allowing this small group of developers petition Commission of India (CCI) and degrees Celsius in February,
as supplements (safety and effi- drug products and implement surprise. “To our mind, we have been denied Google Play’s right to charge for to get differential treatment from the the Supreme Court. the second highest in the
cacy), changes related to risk or quality checks. compliant since 9 February on Jeevan- the value and services we provide,” vast majority of developers who are shouvik.das@livemint.com month since 1901.

NHIT to debut FIU fines Paytm Bank ₹5.5 crore for PMLA violation GDP-GVA disparity
private bond
placement
Subhash Narayan &
Gopika Gopakumar
that with charges brought out systems and reporting mecha-
by law enforcement agencies nisms to the Financial Intelli-
due to lower subsidy
and after scrutiny of docu- gence Unit (FIU).”
by April NEW DELHI/MUMBAI ments on record, a show cause Meanwhile, Paytm has Rhik Kundu trillion from the initially bud-
notice was issue to PPBL. begun cutting back business rhik.kundu@livemint.com geted ₹1.75 trillion. GVA quan-
Reuters

P
aytm’s trouble escalated After considering written ties with its banking subsidiary, NEW DELHI tifies value of goods and servi-
feedback@livemint further with the Financial and oral submissions of the Paytm Payments Bank, with an ces produced in a country,

T
MUMBAI Intelligence Unit-India Paytm Payments Bank Ltd, aim to appease regulators who he divergence in gross deducting cost of inputs and
slapping a ₹5.49 crore penalty director FIU-IND, based on the seek an arms’ length distance in domestic product (GDP) raw materials. It adjusts GDP

T
he National Highways on Paytm Payments Bank Ltd voluminous material available the relationship between the and gross value added by factoring in subsidies and
Infra Trust (NHIT) is set (PPBL) for violating Prevention on record, found two entities. (GVA) data for the third quar- taxes on products.
to tap the domestic cor- of Money Laundering Act that charges The FIU found In a notification ter of FY24 could be attributed In the April 2023-January
porate bond market via a (PMLA) obligations. against Paytm charges against to the stock to lower fertilizer subsidy dis- 2024 period, the Centre pro-
debut private placement of The penalty comes after were substanti- Paytm were exchanges, the bursements, said a senior gov- vided about ₹1.71 trillion as fer-
bonds in the next two months, Reserve Bank of India’s action ated and thus vide substantiated, listed entity ernment official. tilizer subsidy, according to a
four sources directly aware of against PPBL on 31 January Paytm founder and CEO Vijay Shekhar Sharma. REUTERS order dated 1 One97 Commu- India's GDP spiked to a six- parliamentary submission by
hence imposed
the matter said on Friday. where it directed the payments March under nication said that quarter high of 8.4% during Q3 Bhagwanth Khuba, minister of
The company is likely to opt bank to stop accepting deposits for illegal acts using the pay- illegal acts, including organis- PMLA, it was penalty as per both the entities FY24, beating estimates, while state for chemicals and fertiliz-
for longer-duration bonds of or top-ups in any customer ments bank’s channel. The FIU ing and facilitating online gam- f o u n d t o b e PMLA provisions have agreed to GVA growth was ers, last month.
more than 15 years and would accounts, wallets, FASTTags found that the charges against bling,” finance ministry said in appropriate to simplify the at 6.5%, showed In the April 2023- However, bud-
look to raise around ₹2,000 and other instruments after 29 Paytm were substantiated and statement. impose a penalty shareholders data from the sta- January 2024 geted estimates
crore to ₹3,000 crore, they February citing large scale non- hence imposed the penalty as “Further, the money gener- of ₹5.49 crore, the ministry agreement to support its gov- tistics ministry. period, the for fertilizer sub-
said. compliance of regulations and per provisions of PMLA. ated from these illegal opera- said. ernance. According to a person "The government Centre provided sidy, at ₹1.64 tril-
“NHIT will go for zero-cou- supervisory concerns. The “FIU-IND initiated a review tions, i.e. proceeds of crime Reacting to the develop- aware of the matter, the linkage operates on cash
about ₹1.71 trillion lion, for FY25 is
pon bonds of maybe 17-year or deadline was later extended till of the Paytm Payments Bank were routed and channelled ment, a spokesperson said: bet-ween a regulated and basis, not accrual, lower than the
18-year duration as that 15 March. Ltd on receipt of specific infor- through bank accounts main- “The penalty pertains to issues unregulated entity was the accounting for as fertilizer revised estimates
becomes an attractive proposi- The FIU-IND action against mation from law enforcement tained by these entities with the within a business segment that main reason for RBI’s move on cash payments," subsidy for FY24.
tion for long-term investors PPBL follows leads given by law agencies in respect of few enti- Paytm Payments Bank Ltd,” was discontinued two years Paytm. Madan Sabnavis, The govern-
who do not want to get enforcement agencies over ties and their network of busi- the statement added. ago. Following that period, we subhash.narayan@live- chief economist ment revised the
involved in re-investments for movement of money by entities nesses engaged in a number of The finance ministry said have enhanced our monitoring mint.com at Bank of Baroda explained. fiscal deficit target for FY24 to
regular receivables for a longer "With actual spending on food 5.8% of GDP, from 5.9% esti-
period of time,” one of the and fertilizer subsidies totall- mated earlier, following high-
sources said. The company is a ing 70-75% of the revised esti- er-than-expected tax collec-
wholly-owned subsidiary of
National Highways Authority
of India and manages toll road
A power scramble ahead of the general election mates, it suggests the govern- tions, and higher dividends by
ment has not fully disbursed public sector banks (₹98,000
subsidies, causing the dispar- crore in the first three quarters
projects. ity between GDP and GVA." of FY24) and Reserve Bank of
Another source said that the FROM PAGE 16 as more people keep their fans power generation companies for ₹7.45-9.95 per unit for the (FY24),” said Vikram V., vice In the revised budget esti- India (a record ₹87,416 crore ).
company would conduct a and air conditioners running for procuring 7.14 GW of elec- period from 20 March to 30 president and co-group head, mates for FY24, the govern- “The Centre is trying to meet
board meeting next week and power generation company on longer. To keep up with the tricity from April to September September, and the Kerala corporate ratings, Icra. ment increased the allocation its revised fiscal deficit target
more details on the timing and condition of anonymity. increased demand, power dis- at ₹9.68-12 per unit, as per the State Electricity Board for 1.2 According to the Central for fertilizer subsidy to ₹1.89 for FY24,” the official said.
exact duration for the issue “Since both rains and wind tribution companies, or dis- Deep platform. GW at ₹9.59-14.3 Electricity Authority (CEA),
would be finalised at that time. were deficient during April- coms, typically stitch up short- The Assam To keep up with per unit for April peak demand for electricity in CORRECTIONS AND CLARIFICATIONS
The company did not May (last year)... leading to term electricity supplies in Power Distribu- high demand, to June. FY25 is expected to hit 256
immediately respond to a Reu- lower supply from hydro and advance through the power tion Co. Ltd has discoms typically “Starting GW, exceeding last year’s Mint welcomes comments, suggestions or complaints about errors.
ters email seeking comment. wind power plants, govern- ministry’s Deep platform and tendered for 5.6 stitch up short- March, the 239.9 GW.
Long-term investors are ments will be more cautious other power exchanges. (Deep GW of electricity demand (for elec- Demand for power has been Readers can alert the newsroom to any errors in the paper by
term electricity emailing us, with your full name and address to
looking to aggressively invest this time around in terms of stands for discovery of effi- supplies from tricity) is rising the past few years amid a
funds in higher-rated securi- ensuring adequate power is cient electricity price.) April to Novem- supplies in expected to sharp economic recovery post
feedback@livemint.com.

ties as they are witnessing tied up in advance,” the official These are in addition to ber, of which it advance increase and the covid years. To top that, It is our policy to promptly respond to all complaints. Readers
heavy inflows, coinciding with added. long-term power purchase has so far only remain elevated India suffered a crisis in 2021 dissatisfied with the response or concerned about Mint’s journalistic
some slowdown in overall debt Besides, authorities do not agreements (PPAs) that they managed 1.05 during the sum- and 2022 amid low availability integrity may write directly to the editor by sending an email to
supply. The company’s bonds want voters disgruntled have with power generation GW of power at ₹9.9 per unit. mer season. The peak demand of domestic coal for power asktheeditor@livemint.com
are rated AAA by rating agen- because of power cuts. Sum- companies. The Bihar State Power in the upcoming fiscal year plants, forcing the government
Mint’s journalistic Code of Conduct that governs our newsroom is
cies, which implies the highest mers are notorious for inter- The Uttar Pradesh Power Holding Co. Ltd has arranged (FY25) is expected to surpass to push for higher imports and available at www.livemint.com
amount of security. ruptions in electricity supply Corp. Ltd has tied up with for 3 GW of electricity supplies the record hit this year blending of imported coal.

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LIVEMINT.COM NEWS SaturDay, 2 March 2024
New Delhi 15

Westside revs up plan K12 Techno Services eyes robust growth


Samiksha Goel Decosta said. “At any point of and 400 this year, he said.

for digital expansion samiksha.goel@livemint.com


BENGALURU
time we have about 200
schools seeking to partner
with us, and we end up part-
The company plans to
launch an IPO in three to four
years, Decosta said. He said the

E
ducation and technology nering with 12 to 15. Before the company would stick to its
services platform K12 pandemic, we would have to core strategy, which has
Techno Services, which go out and actually meet worked well for it. Long-term
runs the Orchids International school officials and ask if they agreements, he said, have
School chain, will see its reve- would partner with us.” helped it grow sustainably
Fashion and decor retailer also plans to open 20-30 stores next fiscal year nue increase from ₹383 crore Talking about service even as the wider edtech
in FY23 to about ₹450 crore in requests from schools, industry faces issues such as
FY24 on the back of increased Decosta said one of the com- high burn and a dearth of
Suneera Tandon demand for its services from pany’s top-selling products is funding. For instance, Byju’s
suneera.t@htlive.com schools, according to a senior robotics and computer sci- losses increased from ₹4,564
NEw dELhi executive at the company. The edtech services firm ence. “Schools want to bridge crore in FY21 to ₹8,245 crore
The startup, which reported reported a profit of ₹39 crore the gap with what we can pro- in FY22. Vedantu’s losses

F
ashion-focused department store a profit of ₹39 crore in FY23, in FY23. MINT vide.” increased 13% to ₹696 crore in
chain Westside is planning to open will remain profitable in FY24, Decosta said edtech is a FY22. Unacademy, which
between 20 and 30 stores next fis- said its founder and CEO Jai vides these services to school huge market as India has posted a loss of ₹1,678 crore in
cal year and ramp up e-commerce Decosta, adding that Ebitda partners who own the land, the 400,000 private schools, of FY23, has laid off more than
operations in the next 12 months, should be close to ₹100 crore building and the licence. It which about 30,000 follow a 2,000 employees over the past
said a top executive. Westside, a part of in the same fiscal. The asset- works with more than 1,000 national curriculum such as year to cut costs, according to
Tata’s Trent Ltd, is on track to add 25 new light company provides con- schools, of which about 100 CBSE and ICSE. As part of its reports. “The contracts we
stores in the current fiscal. “We are contin- tent, marketing, software, cur- operate under its Orchids expansion plans, he said, the sign with schools are for 30-50
uing store expansion at the same rate. We’ll riculum, security and other brand. It plans to increase the company may look at interna- years. We don’t sign one-year
open the same number of stores next year. services to schools across the number of Orchids schools to tional schools (IB and IGCSE) contracts or even 10-year con-
We’d like to have more presence in north country through its own 150 in the next three to four in the near future as their tracts. If I have to provide ser-
and north-east India,” said Shailina Parti, brand, Orchids International years. The edtech startup has numbers are growing rapidly. vices, I have to do so from nur-
chief operating officer at Westside. School, and a curriculum and seen increased demand from There were about 150 interna- sery through to grade 10,” he
As of March 2023, Westside operated technology platform. It pro- schools since the pandemic, tional schools in India in 2015, said.
214 stores across 90 cities. At the end of the
December quarter, it operated 227 stores in
89 cities. Westside started its e-commerce Westside offers branded fashion apparel, footwear and accessories for women, men
arm in 2020-2021, which currently forms
a small part of its business.
“So, 50% of our online sales come via the
and children, along with a range of home furnishings and decor.

“Online growth in the last six months has


BLOOMBERG

company also operates Zara stores in India


Chalet Hotels acquires Marriott property
app. We did not really have an app that was come through our work on customer deliv- via its joint venture Inditex Trent Retail
working for us two years ago. Westside did eries, website and app redesign, everything India Pvt. Ltd. The retailer competes with Varuni Khosla Owned by the family of RC Sanjay Sethi, managing year (April-December), the
not really have an online business two years that's needed to drive digital commerce is Aditya Birla Fashion and Retail's Panta- Varuni.K@livemint.com Juneja, co-founder and chair- director and chief executive company reported a net profit
ago, it was tiny. It's still small as a percent- being worked on. So, we should start seeing loons, Shoppers Stop and Landmark NEw dELhi man of Mankind Pharma, via Chalet Hotels, in a recent of ₹195 crore, an increase of
age of overall sales, sitting at 6-7% but that's those benefits unfold in the next financial Group’s Lifestyle. Ayushi and Poonam Estates interview with Mint, had said 33% year-on-year. It boasts

C
where the opportunity is because we want year,” said Parti, who joined Westside in Westside registered 49% like-for-like halet Hotels, part of K LLP, the resort was launched the company was looking to collaborations with operators
to grow that to over 10% over the next few May 2022. In FY23, Trent Ltd reported a growth in sales in FY23, according to the Raheja Corp group, has in July 2022, reporting aver- add about 800 rooms to its such as Accor, Marriott, Hyatt,
years,” Parti said. revenue of ₹8,213 crore with a profit after company’s annual report. The retailer is acquired Courtyard by age daily rates of over ₹15,000 offerings for which it has ear- and Taj, managing properties
“We are also conscious that the online tax of ₹555 crore. Trent operates multiple working on new product ideas to drive Marriott Aravali Resort for a night. This was the Mankind marked ₹2,000 crore as cur- including the JW Marriott
market drives huge revenues, but it's formats such as Zudio, apart from a super- sales of premium products in the apparel ₹315 crore. This 158-room family’s first hospitality ven- rent capital work-in-progress. Mumbai Sahar, Four Points by
always hard to drive profits (online). Our market concept operating under Star portfolio and expand its non-apparel cate- property spread over eight ture. It has another 141-room The company intends to have Sheraton Navi Mumbai, The
dotcom sales are profitable,” said Parti. It brand. Westside offers branded fashion gory. “We’re looking at ensuring we have acres had been on the market hotel in Rishikesh, which is about 5,000 rooms in the next Westin Hyderabad Mind-
does not sell on any third-party marketpla- apparel, footwear and accessories for a balance across the portfolio of brands we for about a year now, the hotel also managed by Marriott- three to four years in its entire space, and Bengaluru Marriott
ces other than the group’s e-commerce women, men and children, along with a offer. Increasingly, we’re seeing massive company said in an exchange owned The Westin Resort & portfolio. For the first nine Hotel Whitefield, among oth-
platform Tata Cliq. range of home furnishing and decor. The growth in premium products,” Parti said. notification on Friday. Spa Himalayas. months of the current fiscal ers.

Musk sues OpenAI, Altman for


abandoning firm’s original goal
Bloomberg
feedback@livemint.com

E
lon Musk sued OpenAI
and CEO Sam Altman,
alleging they have
breached the artificial intelli-
gence startup’s founding
agreement by putting profit PASCHIM GUJARAT VIJ COMPANY LTD.
ahead of benefiting humanity. CIN: U40102GJ2003SGC042908
Regd. & Corporate Office, Laxminagar,
The 52-year-old billionaire, Nana Mava main Road
who was a co-founder of RAJKOT-360004, GUJARAT
OpenAI but no longer owns a E-Tender Notice:PGVCL/Project/DSM/PM-KUSUM-C-FLS/TN-10
stake, said in a suit filed late
PGVCL invites Request for Selection of Solar Power
Thursday in San Francisco that Generators for Purchase of Solar Power through ‘On-line’
the company’s close relation- competitive bidding process (followed by reverse e-auction) for
ship with Microsoft Corp. has Solarization of various 11 KV Agricultural feeders of selected
undermined its original mis- 66/11 KV Sub-stations in supply area of PGVCL under RESCO
sion of creating open-source Tesla CEO Elon Musk was a co-founder of OpenAI. BLOOMBERG mode of PM-KUSUM Component-C Feeder level
technology that wouldn’t be Solarization Scheme of MNRE, covering 192 Substations
subject to corporate priorities. soft.” Spokespeople for OpenAI suit that Altman, OpenAI presi- with aggregate Solar plant capacity of 355.5 MW.
Musk, who is also CEO of and Musk did not immediately dent Greg Brockman and Mic- Interested Bidders are requested to visit web-site
https://tender.nprocure.com (for RfS documents view, down
Tesla Inc., has been among the respond to requests for com- rosoft worked together to oust load and on line submission) and web-site www.pgvcl.com (for
most outspoken about the dan- ment. Musk, the world’s richest the majority of the startup’s view & down load only). Interested bidders are requested to
gers of AI and artificial general person, helped establish board, who had been responsi- regularly visit the above websites to check for amendment, if
intelligence. The release of OpenAI in 2015 but stepped ble for enforcing its original any in the Tender.
OpenAI’s ChatGPT more than away from the company some mission of developing technol- Date:29/02/2024 Chief Engineer (Project)
a year ago popularized advan- two years later over philosophi- ogy for the benefit of humanity.
ces in AI technology and raised cal differences about how to Since introducing ChatGPT
concerns about profit from the and GPT-4, the large language
the risks sur- Musk helped technology. In model that powers the chatbot,
rounding the establish OpenAI addition to leading OpenAI has set off a wave of AI
race to develop in 2015 but Tesla, he owns the adoption in enterprises around
AGI, where stepped away social network X the world. Microsoft has been
computers are as
from it two years and is raising one of the most aggressive in
smart as an aver- money for an AI incorporating the technology
age human. later over venture h e into its wide array of cloud and
“To this day, differences founded called xAI enterprise services. The case
OpenAI Inc.’s that features its marks an escalation in one of
website contin- own ChatGPT-type the highest-profile clashes in
ues to profess that its charter is chatbot, Grok. In the filing, the emerging field of AI, pitting
to ensure that AGI ‘benefits all Musk took aim at the restruc- two of its most prominent play-
of humanity,’” the lawsuit said. turing of OpenAI’s leadership ers against each other.
“In reality, however, OpenAI last year, a tumultuous period The lawsuit will have impli-
Inc. has been transformed into during which Altman was cations not just for OpenAI,
a closed-source de facto subsid- ousted as CEO and then quickly which is seeking to raise funds
iary of the largest technology reinstated with support from at a valuation of $100 billion or
company in the world: Micro- Microsoft. Musk argued in the more, but also for Microsoft.

Profitability buoys Zomato stock


Reuters the markets during the IPO “Investors are incrementally
feedback@livemint.com frenzy in 2021 jumped after list- appreciative of whatever
BENGALURU ing but slumped eventually on Zomato is trying to do and
investor scepticism over lofty there is a certain amount of

S
hares of food delivery valuations and business mod- consumer love for the business
platform Zomato hit a els. Several of these firms also model too.”
record high on Friday, as fell below their issue prices. Zomato’s “consistent earn-
improving profitability paves Zomato, which was the first to ings improvement” and timely
the way for future growth, trig- list among peers like Policyba- delivery on growth targets sets
gering a turnaround in investor zaar, Paytm, and Nykaa, had a it apart from its peers who have
sentiment. limited track record of profita- “no clear path to growing prof-
Zomato is the most valuable bility, and investors fretted itability”, Elara analyst Karan
internet stock in Asia’s third- over its strategic moves. Taurani said. Nykaa, which was
largest economy, with a market Now, with the company’s an investor darling, is facing
capitalization of more than results trumping expectations certain macro headwinds for
₹1.51 trillion ($18 billion). On for several quarters, sentiment the moment, Dixit noted.
Friday, its shares rose nearly 5% has “completely reversed,” Meanwhile, Paytm, under
to ₹173.5. India’s several new- Sachin Dixit, internet research the regulator’s scrutiny, has
age Internet companies that hit analyst at JM Financial, said. tanked.
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NeW DeLhI, MUMBAI, BENGALURU, KOLKATA, CHENNAI, AHMEDABAD, HYDERABAD, CHANDIGARH*, PUNE*, LUCKNOW* VOL. 18 NO. 54 Rs. 10.00 . Price with Hindustan Times Rs. 15.50 16 PAGES

Saturday, March 2, 2024

FIU imposes ₹5.5 cr fine on Musk sues OpenAI, Altman


livemint.com Paytm for PMLA violationuP14 over contract breach uP15

SENSEX 73,745.38 1,245.08 NIFTY 22,338.75 355.95 DOLLAR ₹82.91 ₹0.00 EURO ₹89.68 ₹0.29 OIL $84.6 $2.86 POUND ₹104.72 ₹0.30

PMI at 5-mth high; Big jump


The broad-based nature of the rally was reflected by Nifty
Midcap 150 and the Nifty Smallcap 250 rising 0.8% and 0.64%.
A power
scramble
DON’T MISS
MINT

22,400
ahead of the
GST ₹1.68 tn in Feb
22,338.75 Top 5 contributors to the
change in Nifty 50 on Friday
(share in %)
22,300
ICICI Bank 15.63 elections
22,200 Nifty 50 Reliance Industries 13.61 Rituraj Baruah
GST collections grew 12.5% y-o-y last month; fiscal growth 11.7% intraday
movement
HDFC Bank 13.20 rituraj.baruah@livemint.com
22,100
Larsen & Toubro NEW DELHI
11.84
22,048.3
Record vehicle production in
Gireesh Chandra Prasad &

P
State Bank of India 5.19 ower distribution com- February, retail demand key
Rhik Kundu GROWING MOMeNTUM 22,000
9.15am 3.30pm Source: Bloomberg panies across the coun-
try are scrambling to
The era of inordinately long waiting periods
for passenger vehicles may be ending as
The strong revenue collection trend in GST—a tax on consumption—
NEW DELHI procure more electricity than carmakers continued to ship a record
comes in the wake of an upward revision in the FY24 growth forecast.
Mkts rocket to new they usually do for summers, number of vehicles in Feb, building up stock

T
he acceleration of the Year-on-year change (%) in GST collections India's manufacturing with hotter-than-normal tem- in the dealership network. Automakers will
Indian economy, under- purchasing managers' index
peratures expected until May have to keep a close watch on demand. >P13
15.1
pinned by unexpectedly
high GDP growth of 8.4%
in the third quarter of
11.6 11.5 11.7
10.8 10.8
10.2
13.4

10.3 10.4
12.5
59

58
56.9
peak on GDP fuel this year coinciding with the
national election.
On Friday, the India Mete- Startups cry foul as Google
FY24, was further bolstered by 57 orological Department fore- yanks apps off Play Store
equally impressive GST collection Ram Sahgal and proprietary trader pur- cast ‘above normal’ maximum
56 On Friday, Google removed 10 popular
data released on Friday, with a pri- ram.sahgal@livemint.com chases of ₹618.58 crore, BSE temperatures in most parts of Indian apps, including Bharat Matrimony,
vate survey showing growing 55 MUMBAI data show. Foreign portfolio the country until May. Plus, Shaadi.com, and Kuku FM, from its Play
55.3
momentum in manufacturing add- 54 investors purchased shares the general elections, Store, and warned several others about

B
ing to the general feel-good factor. Feb 2023 Feb 2024 enchmark indices worth a net ₹128.94 crore. expected to be held in April- possible actions for consistently failing to
Central and state governments A reading above 50 denotes vaulted to record highs Investor wealth, in effect, May, could spike demand fur- comply with its billing policies. >P14
Apr Feb expansion, while one below 50
collected ₹1.68 trillion in goods and 2023 2024 indicates contraction. on Friday, a momentum increased by ₹4.37 trillion. ther as state governments tend
services tax (GST) revenue in Febru- Source: Ministry of Finance Source: HSBC, S&P Global expected to continue led by “The impressive GDP num- to ensure uninterrupted
ary, 12.5% more than the revenue large-cap stocks, after India’s bers provide the ammunition power supply at that time. Westside revs up plan for digital
collected February 2023, amid TAX BOOST economy surprised the markets to the bulls to catapult Indian Official data from the gov- expansion, to open more stores
strong manufacturing activity and The GST number was SO far this fiscal year, GST revenue net of with a faster-than-anticipated indices to all-time highs,” said ernment shows that power Fashion-focused department store chain
economic growth momentum. a tad lower than Jan’s gross GST revenue refunds for February pace in the December quarter. Devarsh Vakil, deputy head, distribution companies Westside is planning to open between 20
However, the number was a tad figure of ₹1.72 trillion stands at ₹18.4 trillion 2024 is ₹1.51 trillion The Nifty ended Friday’s retail research, at HDFC Secu- (referred to as discoms) of and 30 stores next fiscal year and ramp up e-
lower than January’s figure of ₹1.72 trading 1.6% higher at rities, underscoring the bull- Uttar Pradesh (UP), Bihar, commerce operations in the next 12 months,
SARVESH KUMAR SHARMA/MINT
trillion. 22,338.75 points, its highest ishness on the Street. “The next Assam and Kerala have made said a top executive. Westside is on track to
The finance ministry said that of indirect tax practice at JSA Advo- Another high frequency indicator percentage rise in six months. upside targets to be watched arrangements for additional add 25 new stores in the current fiscal. >P15
monthly average GST revenue col- cates and Solicitors, said that showed on Friday that manufactur- The Sensex climbed 1.72%, the are around 22,500-22,600 lev- power supply this summer.
lection this fiscal has gone up to ₹1.67 increased revenue collection efforts ing activity was going strong. S&P most in over a month, to els. Immediate support is at “Usually, discoms are
trillion, from ₹1.5 trillion last fiscal as on the part of the authorities coupled Global’s survey of around 400 man- 73,745.35 points. 22,200 levels.” directed by state governments Drugs regulator proposes
“GST revenue figures demonstrate with continued issuance and adjudi- ufacturing purchase managers Banks, capital goods, and oil The top five stocks that con- to ensure uninterrupted norms for biologics standards
continued growth momentum and cation of notices have been signifi- showed that production rose at its and gas stocks catapulted the tributed almost three-fifths of power supply during and
The Central Drugs Standard Control
positive performance”. cant contributors to revenue growth. fastest pace in five months in Febru- Nifty and Sensex to record the Nifty’s 355.95-point rally ahead of elections. The Centre Organisation (CDSCO) has initiated a
So far this financial year, gross “Buoyancy in tax collections is ary, fuelled by the quickest increase intraday highs of 22,353.30 and were ICICI Bank Ltd, Reliance also tries to ensure that there is major initiative to enhance the standards
GST revenue collection stands at expected to continue in March, in sales since last September and the 73,819.21 points on Friday. This Industries Ltd, HDFC Bank adequate availability of of biological products amid mounting
₹18.4 trillion, showing an annual being the last month of the financial strongest expansion in new export was driven by provisional Ltd, Larsen & Toubro Ltd, and power,” said an official with a global scrutiny on the Indian pharmaceutical
growth of 11.7%, the ministry said. year, due to increased recovery domestic institutional inves- industry. >P14
Manish Mishra, partner and head efforts by the authorities,” he said. TURN TO PAGE 13 tors buying of ₹3,814.53 crore TURN TO PAGE 13 TURN TO PAGE 14

Goodbye, single-lane national AI gets basic work at law


highways. Hello, double lanes firms, to boost efficiency
Subhash Narayan India had a national highway Priyanka Gawande “We have created a
subhash.narayan@livemint.com network of 146,145 km, with priyanka.gawande@livemint.com ChatGPT model, we call it
NEW DELHI just around 10% being less than MUMBAI ‘Ask.Kai’ for Khaitan. It works
two lanes as of December 2023. in our environment, inside of

A T
ll existing single-lane The plan is to convert as many he AI prosecutor or our networks, and uses the
national highways will of these to minimum two-lane defence attorney isn’t outside learning, which
be converted to double stretches. Going forward, no on the horizon, but ChatGPT and models like that
lanes, and having two lanes highway will be made of less large Indian law firms are provide,” said Rohit Shukla,
Investors across stages, even in Series B rounds, now expect with paved shoulders will be than two lanes barring a few moving rapidly to adopt artifi- chief digital officer at Khaitan
positive unit economics and efficiency. ISTOCKPHOTO mandatory to get an NH tag in exceptions, the officials quoted cial intelligence to carry out a & Co.
future, two people aware of the above said. string of ‘simple’ tasks includ- Shukla sees a significant

Beat early profit road ministry’s plans said. The


new criterion will be defined in
the rules governing construc-
A query sent to road ministry
on details of the proposed
changes remained unan-
ing research, drafting and cli-
ent presentations, helping
them achieve efficiency and
opportunity for Khaitan’s cli-
ents to leverage this tech tool,
subject to regulatory and com-

path: investors
tion of national highways. Single-lane highways may be swered. leaving the lawyers to focus on Large law firms are moving pliance requirements. Khaitan
A paved shoulder is part of a continued in hilly regions. MINT “The above has been in dis- litigation. rapidly to adopt AI. ISTOCKPHOTO has partnered with Microsoft
highway adjacent to the regu- cussions for some time now; it Those entering the legal Azure and OpenAI for this ini-
larly travelled portion on the Mint that the changes in the would be a step towards main- profession, however, need not introduced an AI-powered vir- tiative. Following the intro-

crack the whip same level.


However, single-lane
national highways may be con-
highway criterion were being
worked out to ensure that such
alignments conform to today’s
taining a basic minimum stan-
dard for national highways and
would be instrumental in
fear for their jobs, law firms
insisted, saying that AI tech-
nology would take over basic
tual assistant KAI that was
developed using ChatGPT. It is
customized to Khaitan’s work
duction of AI in its work,
Shukla said, interns can now
spend a significant amount of
Priyamvada C the public market only values tinued in hilly regions. Broaden- mobility requirements. bringing a minimum uniform- functions only. New joiners environment and helps the time learning and advocating
priyamvada.c@livemint.com companies if they are profitable ing them would be considered The changes assume signifi- ity, safety and traffic carrying and interns at law firms—typi- firm draft emails, summarize on the increasing number of
BENGALURU or have a path to profitability,” only after an environmental cance given that India is imple- capacity. From another view- cally at the forefront of such documents and prepare client legal matters.
Fireside Ventures’ partner impact assessment, and only if menting one of the world’s point, width of a road is also a work as part of their learning presentations, among others, Experts believe law firms

A
rise in profit visibility of Dipanjan Basu said. the project can be executed with largest highway function of traffic (current and curve—would be able to cut a move it believes will boost are usually receptive to such
listed startups has made The change in sentiment has limited damage to fragile moun- building programmes, with future projections) plying on it down on efforts that include efficiency. The new virtual innovations, viewing new
investors demand that happened even as many late- tain ecosystems, the officials about 50,000 km of highways and, therefore, only those roads trawling voluminous data to assistant was developed based technologies as strategic tools
unlisted startups, too, show a stage startups and unicorns said on condition of anonymity. to be constructed over the next that have sufficient traffic summarize and analyze infor- on specific use-cases within to augment capabilities rather
path to profitability or a prod- that went public recently have Road ministry secretary 15 years. mation. the firm, with prompts specifi-
uct-market fit early enough if begun to show profits. Anurag Jain had earlier told As on November-end 2023, TURN TO PAGE 13 Law firm Khaitan & Co. has cally developed for its needs. TURN TO PAGE 13
they want to receive funding. Groww, Physics Wallah,
Investors across stages, even InCred and Digit Insurance
in Series B rounds, now expect were among the startups that
positive unit economics and
efficiency, said Alteria Capital’s
managing partner Vinod
turned in profits in FY23, as per
data sourced by Tracxn. Shares
of Zomato and Policy Bazaar
A golden age for stockmarkets is drawing to a close
Murali. The only exceptions (PB Fintech), which have posted
would be startups operating in profits, have rallied. While the Since 2010, the S&P 500 index other measures, including con- warned about the danger of
very deep markets where there Zomato stock is up three-fold in of American stocks has centration (the share of the recessions and falling corpo-
is a lot of demand and a longer the past one year, PB Fintech returned 11% a year in real stockmarket that is made up by rate profits. At the start of 2023
path to profitability. has more than doubled. terms. the top firms) or value spreads Wall Street savants predicted
“Almost all entrepreneurs The link between profits and These profits are all the more (the valuation of the most that in the year to come Amer-

S
have been pulled up by their share prices was noted by San- tockmarkets TEND to striking given what markets expensive companies com- ica’s economy would grow by
existing investors that until they jeev Bikhchandani, whose Info rise gradually; recently have had to contend with. The pared with the cheapest). The just 0.7%. In the event it
show a perpetual path to profit- Edge India has invested in both they have soared. Ameri- age of free money has been fol- value of the top 10% of Ameri- achieved more than three
ability, it is unlikely that any- Zomato and PB Fintech. “Maybe can stocks are up by 21% since lowed by two years of interest- can firms as a proportion of the times that amount. A broad
body is going to give you there’s a causal effect there,” the end of October and stand rate rises—and even now bond whole market has not been as range of firms are publishing
money,” India Quotient’s part- Bikhchandani said at Info Edge’s roughly 5% above their vertigi- investors are betting against high since the crash that was strong results, including retail-
ner Madhukar Sinha said. “And earnings call on 13 February. nous peak in January 2022. On imminent cuts. A trade war is one cause of the Depression in ers, such as Walmart, and Japa-
that is exactly the reason why a The sentiment is filtering February 22nd Europe’s equi- raging between America and the 1930s. And don’t forget the nese carmakers, such as
lot of companies at a smaller size down to unlisted companies as ties set a new record for the first China; actual wars are raging in frothiest corner of the financial Toyota.
have started turning profitable.” well, albeit as Sinha pointed time in two years. India has Ukraine, the Middle East and At the start of 2023, Wall Street savants predicted that in the year markets: bitcoin is trading The economy continues to
Even early-stage businesses out, this means longer wait been enjoying a multi-year parts of Africa. Around the to come, America’s economy would grow by just 0.7%. AP around $60,000 again, just shy defy gravity. A popular regular
that are more growth-oriented times to close deals, as there is boom as optimism about its world, governments are turn- of its peak in 2021. forecast of annualised Ameri-
need to get their unit economics no longer the same kind of economy abounds. Even Japa- ing away from free markets and One conclusion might be as they were during the dotcom Yet there are also reasons to can economic growth, pub-
right in order to strike a balance eagerness to invest as before. nese stocks—a byword for stag- globalisation in favour of that a bubble is waiting to pop, mania of the late-1990s and see markets’ exuberance as lished by the Federal Reserve
and grow at a sustainable pace. Companies such as Frnd, a nation—have at last exceeded industrial policy and protec- especially in America. On Wall 90% as high as they climbed rational. As central banks all Bank of Atlanta, stands at 3.2%
“Essentially, a lot of the end social discovery app, and cod- the level they reached in 1989 tionism. If all that has not extin- Street, valuations—the multi- during 2021, before rock-bot- over the world tightened mon- for the first quarter of this year.
game for companies is driven by before a decades-long slump. It guished this rally, whatever ple by which profits are scaled tom interest rates rose. Similar etary policy at a pace not seen
whether you can do an IPO and TURN TO PAGE 13 has been an extraordinary run. will? up—are on average 80% as high extremes are also to be seen in for a generation, many analysts TURN TO PAGE 13

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