Political corruption and legislative gridlock make India a challenging place to invest. Money managers need guidance from analysts who know the companies and the country well.
Reliance Capital Asset Management Co, which tops the India 20, Institutional Investor's annual ranking of the largest Indian fund managers, saw its assets decline last year. So has the industry at large.
Aditya Puri is decidedly old-fashioned. The 59-year-old managing director of HDFC Bank doesn’t bombard his executives with early-morning e-mails or text messages for a simple reason: He doesn’t use a laptop or a mobile phone. That makes him a rarity among India’s plugged-in CEOs.