Saturday, 18 August, 2018

Economy

Mukesh Ambani

It’s Mukesh Ambani who could become Amazon’s biggest rival in India

Walmart's acquisition of Flipkart might have given the impression that the battle for India would be an all-American contest, but the fight isn't that simple - or easy. 
The rupee hit a record low last Thursday to cross 69 to a dollar | Dhiraj Singh/Bloomberg

The rupee fell past 70/$ and recovered. But don’t take your seatbelts off just yet

Chaos in emerging markets threatens to take the rupee beyond 70.50 by year-end, and America’s Iran threat is making it worse.
A Jet Airways plane

Blackstone group in talks for stake in Jet Airways loyalty programme

Jet Airways is racing for funds with rising crude oil prices increasing competition in the India market.
Narendra Modi and Donald Trump

India likely to slash oil imports from Iran by 50% to qualify for US waiver

Diminishing oil imports from Iran will cost India savings on shipping and loss of longest credit repayment period.
Representational image

India’s trade deficit biggest in five years, to worsen outlook for Indian rupee

Weaker rupee works like a double-edged sword, is positive for exports but can add to the stress of India’s current account balance.
Vegetable vendors

Wholesale inflation eases to 5.09% in July as prices of fruits and vegetables drop

The retail inflation eases to a nine-month low of 4.17 per cent in July, from 4.9 per cent in June, data shows Monday.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Indian rupee, Asia’s worst performing currency, crashes past the 70 level to new low

The rupee dropped to 70.08 per dollar before recovering to 69.85 as state-run banks sold dollars, probably on behalf of RBI. There’s not a moment of respite ...
Jet Airways

Jet Airways lenders want it to sell shares before considering fresh credit

India’s biggest full-service carrier is carrying a debt that is 55.4 times more than its earnings before interest and tax.
Chinese goods

India can’t afford to turn its back on free trade

Chances are, the other 15 countries of Regional Comprehensive Economic Partnership will move ahead if New Delhi continues to be obstructionist.

Weak rupee makes it difficult for RBI to fight inflation

RBI's plans are in trouble as rupee hits a new low after turmoil in Turkey. Inflation may stay around projections until next year. 
Imran Khan, Atal Bihari Vajpayee, Nawaz Shariff

Outing a personal secret as a lesson for Imran: Featuring Vajpayee, Nawaz & a bit of me

Nawaz Sharif made a dramatic bid for peace with Vajpayee but was tripped by Pakistan’s army. It won’t be different for Imran.