A new set of indices measuring such characteristics as good governance and eco-friendliness is winning favor with investors and gurus alike. Nandini Lakshman in BusinessWeek.
India’s superstar swamis: A slide show
Maharishi Mahesh Yogi, the Indian sage who taught transcendental meditation to the Beatles, died in the Netherlands on Feb. 5. Back in India, a new generation of gurus is promoting the latest thing to hit the Indian stock market: values investing. Not to be confused with Warren Buffett-style value investing, values-based investing draws on the principles of Indian religions such as Hinduism, Jainism, Sikhism, and Buddhism. Last month Dow Jones launched the faith-based Dow Jones Dharma indices, which measure the performance of 254 companies that have characteristics like good governance and environmental friendliness in common.
Letters are pouring in to support the new group of five indices. They are not your typical congratulatory notes, but blessings and endorsements from assorted Indian spiritual leaders and scholars.
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The blizzard of off-court controversies into which Sania Mirza has been dragged cannot lay her low, writes her uncle Maseeh Rahman in the Indian Express
“Come on. Keep fighting!” For a while on Show Court 3 at the Australian Open on Thursday, it seemed as if Sania Mirza was going to buckle under the pressure and surrender. After winning the first set 6-1 in her typically aggressive style, her game had faltered, and she looked pensive as she submitted 4-6 in the second. Now she was down 1-3 in the decider, and her Swiss-Hungarian opponent Timea Bacsinszky threatened to run away with the match.
The exhortation from the players’ box had come from her father, Imran Mirza, and it had sounded like part instruction, part encouragement. Like many Indian families, the Mirzas are extremely close-knit, and Imran has played a pivotal role in Sania’s emergence as a world-class tennis player. I still remember my surprise when, visiting her house in Hyderabad many years ago, I discovered that Imran and his wife Naseema were about to set off for Thiruvanthapuram in their beat-up Maruti Esteem so that Sania could participate in a tennis tournament. They couldn’t afford to fly.
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