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ICICI Bank

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.
The Bombay Stock Exchange

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.
A customer holds a SIM card packet while waiting to connect his mobile phone to the carrier Reliance Jio | Dhiraj Singh/Bloomberg

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 | Commons

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 and Volkswagen

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.
A coronavirus-shaped dustbin placed in Vijayawada by municipal authorities to raise awareness about the pandemic | Representational image | ANI

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.
Pedestrians walk past an HSBC Holdings Plc bank branch in Hong Kong | Anthony Kwan/Bloomberg

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.
The rupee hit a record low last Thursday to cross 69 to a dollar | Dhiraj Singh/Bloomberg

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.
Representational image for wheat | Photo: Bloomberg

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.

On Camera

A participant at the 'Love World Peace Parade' in Berlin on 21 September

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.
Mukesh Ambani | Pankaj Nangia/Bloomberg

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

File photo of Flight Lieutenant Shivangi Singh (R) during her induction into the IAF in 2017. She and colleague Pratibha (L) form the second batch of women fighter pilots inducted into the force | IAF

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.
Illustration: Soham Sen | ThePrint

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?