RBI won’t allow rupee to rise sharply despite high consumer inflation, ICICI says
Perception that RBI was cutting dollar purchases was accentuated by comment from policy makers that appreciating rupee had helped tackle imported inflation.
Reliance, Maruti biggest losers as Sensex drops for fourth straight day amid gloomy outlook
BSE Sensex loses 0.8% while NSE Nifty 50 Index drops 0.9%. A gauge of IT firms rises 0.9%, but 16 out of 19 sector sub-indexes compiled by BSE drop.
Rs 4,000 smartphone running on Reliance Jio — How Ambani plans to dominate telecom market
Reliance is apparently in talks with domestic assemblers to make a version of its Jio phone that will run on Google’s Android and be offered with low cost wireless plans from Jio.
Singapore, Hong Kong top destinations for dodgy money transactions, followed by China, India
Revelations are based on a leaked trove of documents which detail more than $2 trillion in transactions between 1999-2017, flagged as possible money laundering or criminal activity.
Farmers give Mahindra, and even Modi govt some hope as equipment sales go up
The increase in sales point to some sign of life in rural India, and could be an encouraging sign for PM Narendra Modi as the govt prises the economy open again.
Tata offers to buy out Mistry family stake, proposal could end years-long legal dispute
Shapoorji Pallonji Group, controlled by Pallonji Mistry, owns about 18 per cent of closely held Tata Sons, the holding company of the $113 billion software-to-cars Tata empire.
India’s economy set to lag rest of South Asia in race to recovery as Covid surges, report says
New cases per capita in Pakistan, Sri Lanka and Bangladesh are far lower than in India, making it easier for these economies to recover from the drop in GDP.
HSBC orders social media blackout fearing ‘negative reactions’ after suspect funds report
HSBC is one of about 90 banks named in leaked documents that show about $2 tn in transactions between 1999 and 2017 were flagged as possible money laundering or other criminal activity.
Record remittance is turning into a crash for emerging markets like India
As migrants workers from Asia's developing nations see opportunity drying up in job market, they are sending money home in advance of their own return.
Govt increases minimum support price for 6 rabi crops, MSP of wheat hiked by Rs 50
Speaking in the Lok Sabha, Agriculture Minister Narendra Singh Tomar said govt had always maintained MSP will continue as against a 'false propaganda' spread by Opposition parties.
Why we’ll need masks even with a coronavirus vaccine
One study has shown that if everyone wears masks that are only 75% effective, the number of people infected by each coronavirus carrier will shrink fourfold.
Investors continue to flock Mukesh Ambani, now KKR to invest $754 million in Reliance Retail
US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.
Defence
Flight Lieutenant Shivangi Singh will be first woman fighter pilot to fly Rafale
Flt Lt Singh, who was commissioned into the IAF in 2017 as part of the second batch of women fighter pilots, is currently flying a MiG-21 Bison.
Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?
It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?