Word: indianizing
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...That was then. In fact, of late, hidden cameras have become quite the thing in Indian journalism. Tehelka, an Internet news site that later became a newspaper, pioneered subterfuge when it launched in May 2000, using secret cameras to expose corruption in cricket and the armed forces. Since then, grainy videos have become a staple tool of Indian investigative reporting. But until recently, editors have been careful to back the use of electronic trickery with a claim to be acting in the public interest. Founded 10 months ago, India TV dispensed with such piety, filming politicians, holy...
...private lives of politicians and celebrities have traditionally been off-limits for mainstream newspapers and television. In that climate of restraint, India TV's methods were deemed as outrageous as its subject matter. "It's awful journalism," glowers the Hindu newspaper's editor in chief, N. Ram. His Indian Express counterpart, Shekhar Gupta, agrees. "You just can't do this," says Ram. "In India, people's private lives are nobody else's business...
...Other people are bound to follow. And while we'll fight, it'll be hard. It's an odd situation where we don't report what people are talking about." Media commentator Dilip Cherian agrees: "We've crossed the Rubicon. This is the beginning of the tabloidization of the Indian media. It's not so much whether it's good or bad. The important thing to grasp is that it's happening...
...always going to be easy for Navroz Udwadia, a second-year student at Harvard Business School and a former Rhodes scholar at Oxford. But what made him stand out was not just his brain?it was that he'd grown up in Bombay and had a passion for Indian equities. "Every hedge fund I interviewed with was fascinated by my Indian background," says Udwadia. Four of them offered him jobs. One didn't even wait for him to graduate?the fund's managers gave him $5 million to invest in Indian stocks in his spare time between classes...
...Entrusting millions to a grad student may seem foolhardy, but everyone these days seems to be groping for a way to get rich off India. Foreign institutional investors poured $8.5 billion into Indian equities in 2004 and $2.6 billion so far this year, up from $750 million in 2002. Awash in cash from overseas, the Sensex?India's main stock index?has doubled in two years, hitting an all-time high in March. As Udwadia puts it, "astute foreign investors" now realize that India's rise is "a unique opportunity." He's right, of course. On a recent visit...