Saturday, 16 February, 2019
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Economy

It’s goodbye A380s as Airbus finally scraps the superjumbo jet

Deliveries of the double-decker A380 jets will stop by 2021 as Emirates, the only remaining major buyer, cut its order by 39 jets.

RBI’s think tank wants govt to form independent body to verify official data

Assumptions for economic growth & deficits made in the interim budget are subject to much debate, CAFRAL director Amartya Lahiri says.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.

Indian tea sales to wilt as Kenyan crop jumps

It's all in the leaves: Kenya delivers good quality tea at a low price, while India’s tea in that category is quite expensive in relative terms.
Indian currency

Rupee’s unexpected rally showcases RBI’s pivot for India markets

Money from Axis Bank Ltd.’s share sale and Vodafone Plc’s investments in its India unit are supporting the rally in the rupee
File photo of Kumar Mangalam Birla, chairman of Aditya Birla Group

Kumar Mangalam Birla taps banks for US aluminum M&A deal

Birla's Hindalco, which is part of the huge Aditya Birla Group, has put together a consortium of global banks to fund its takeover of aluminum producer Aleris Corp.
Representational image | Karen Dias/Bloomberg

India’s top broker sees profit growth revival on policy changes

Government's policy changes to tackle sour debt may spell growth for the next three fiscal years.
Mohammed Alardhi

A $23 billion manager sees sweet spot in India realty crunch

Investcorp Bank plans to provide structured credit to real estate sector
A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur. Photograph: Sanjit Das/Bloomberg via Getty Images

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.
Reserve Bank of India (RBI) head office in Mumbai | Punit Paranjpe/AFP/Getty Images

Easing core inflation could push RBI to cut rates again

Core inflation has remained sticky at around 6% and is a key reason economists cautioned against more rate cuts after last week’s surprise easing.

OnCamera

An army soldier guards near the site of suicide bomb attack at Lathepora Awantipora in Pulwama

Here are Pakistan’s new strategies behind the Pulwama terror attack

Pulwama suicide attack, use of a Kashmiri attacker, and a pre-attack video is an attempt by Pakistan to reassert its equities over Kashmir dispute.
most favored nation

Revoking Pakistan’s MFN status: Proportionate reply or Modi exploring diplomatic steps first?

A day after the horrific attack in Kashmir’s Pulwama that killed at least 37 CRPF personnel, Narendra Modi government withdrew ‘Most Favoured Nation’ status for Pakistan, in place since 1996.

Defence

An army soldier guards near the site of suicide bomb attack at Lathepora Awantipora in Pulwama

Pulwama attack raises questions on Kashmir’s intelligence and security structure

Attack on CRPF convoy required getting explosives, rigging the vehicle and training. How did multiple security agencies in J&K fail to pick up on this?
A Rafale fighter jet, manufactured by Dassault Aviation | Jason Alden/Bloomberg

Modi’s BJP is sliding down the Rafale slope. It must stop outraging and come clean

All the Modi govt needed to do was come clean on Rafale – ‘We dismissed bureaucratic objections as we wanted deal done quickly for IAF’.