WPI inflation shoots up to 8-year high of 7.39% in March
The low base of March 2020, when the data was computed with a low response rate due to the nationwide Covid lockdown, also contributed to a spike in inflation in March 2021.
3 more Adani firms could join MSCI India Index as their shares double
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among world’s billionaires.
Rupee goes from Asia’s best to worst-performing currency in 2 weeks amid Covid surge
Rising commodity prices may push the current-account into a deficit, while the RBI’s quantitative easing is seen adding to the liquidity glut, worsening the rupee’s woes.
Biased AI systems contributing to $17bn gender credit gap in emerging markets: Study
Study conducted by Women’s World Banking finds that fintech firms in emerging markets are missing out on an opportunity to reach 1 bn new customers.
Deserted roads bring back nightmare of demand slump for Indian fuel companies
It’s an ominous sign for India, where fuel consumption still hasn’t fully recovered from last year’s national lockdown that saw oil demand fall to the lowest since 2007.
India’s growth prospects are being rolled back as Covid cases hit new records everyday
Mobility of people across various Indian cities has fallen sharply, economists say, as country battles a second wave of Covid and surge in lockdowns.
How Mukesh Ambani is quietly reviving the fortunes of Hamleys, your favourite toy store
Hamleys plans to quadruple its outlets to more than 500 in 3 years in India & add stores from Europe to South Africa and China, says Darshan Mehta, CEO of Ambani’s Reliance Brands Ltd.
Retail inflation climbs to 5.52% in March, Industrial production contracts 3.6% in February
The rate of price rise in the food basket accelerated to 4.94% in March. Meanwhile, manufacturing sector output declined by 3.7% and mining output slipped 5.5% in February.
Now Walmart to build massive warehouse in India with billionaire Gautam Adani
The partnership marks the entry of Adani into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is Amazon & Reliance Industries.
India to see ‘K-shaped’ recovery as inequalities grow: ex-RBI governor Subbarao
Duvvuri Subbarao said a consequence of the pandemic has been the sharpening of inequalities. Growing inequalities can erode consumption and hurt long-term growth prospects, he said.
If memories don’t get enough ‘likes’, it can change how we feel about them
Social media metrics such as Facebook ‘likes’ can negatively impact how people feel about certain memories.
Govt will respond with fiscal steps if required in view of Covid, says Niti Aayog VC
Acknowledging that Covid situation has become far more difficult, Niti Aayog VC Rajiv Kumar remained hopeful that India's economy will grow 11 per cent in the current fiscal.
Defence
Backed by disruptive tech, China tried push & shove tactics but India stood firm: CDS Rawat
At the Raisina Dialogue, Chief of Defence Staff Gen. Bipin Rawat says some countries seek to reshape rules that govern global order via geopolitics coupled with geo-economics.
There’s a need to hold up a mirror to Modi govt on Covid management, and this is the picture
Between premature victory mood that allowed Kumbh & elections, and lack of urgency on vaccines, Modi govt has walked into its biggest crisis. The way out needs realism, humility and one ‘Ram baan’ weapon.