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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.
File photo of Gautam Adani in Ahmedabad | ANI Photo

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.
Artificial intelligence

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 road at Marine drive as Maharashtra govt announced weekend lockdown due to surge in Covid cases in Mumbai on 10 April, 2021 | PTI

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.
Representational image of a worker at a factory in India | Flickr

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.
A local grocery story in Bengali Market, Delhi | Photo: Manisha Mondal | ThePrint

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.

On Camera

Latest News on Governance | theprint.in

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.
Rajiv Kumar, Vice Chairman of the NITI Aayog | Twitter/@RajivKumar1

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

CDS General Bipin Rawat | Photo: Suraj Singh Bisht | ThePrint

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.
Illustration by Soham Sen

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.