Rupee is Asia’s best performing currency but expected to weaken after polls
The currency has shown a tendency to flip directions after polls have been completed, according to a study.
Jet Airways stock plummets by a record 34% day after operations are suspended
Jet Airways shares fell 8.1 percent to Rs 240.50 Tuesday. They declined 13 percent in 2019 after losing two-thirds of their worth in 2018.
Jet Airways lenders hopeful of successful bidding day after airline suspends operations
Banks Wednesday rejected an immediate Rs 400 crore demand of Jet Airways, compelling it to ground operations.
New govt should review RBI’s inflation goals, says PM Modi’s economic adviser
PM Modi’s Economic Advisory Council Rathin Roy says India will need to decide whether the inflation target band of 2% to 6% is too wide.
Reliance considering to sell 25% of refinery business to Aramco and Adnoc
Mukesh Ambani’s Reliance Industries Ltd. could fetch at least $10 billion in the refinery business deal, according to sources.
India’s jobless rate doubled while it’s growth was world-beating since 2011, says study
After remaining at about 2-3% during the decade to 2011, the jobless rate increased to more than 6% in 2018, a report by the Azim Premji University shows.
‘Challenging and lonely’ path of women CEOs slowly gets busier
The small but growing class of female CEOs, includes GM’s Marry Barra and Best Buy’s Corie Barry, who could create the critical mass needed to pull other women to the top of the corporate ladder.
Sensex, Nifty scale new life-time closing highs
Investors are in an intense buying mode for the fourth session in a row on near-normal monsoon forecast and bumper corporate earnings optimism.
Iran’s biggest oil clients put imports on hold as they wait to see if US extends waivers
Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that expire in the first week of May.
Monsoon worries are a new headwind for bond rally
Predictions for below-average rain by a private forecast has raised spectre of increasing food costs combining with higher oil prices.
Beg, borrow, repeat: Pakistan’s IMF addiction continues even as its finance minister leaves
Pakistan’s military-driven economic decision-making is based on ‘Jazba’ and 'Chanda'.
Google, Apple stop TikTok downloads: Is HC order quashing small town India’s creative joy?
Google and Apple have blocked downloads of the video-sharing app TikTok in India in compliance with the Madras High Court order.
Defence
China is now testing laser ASAT weapons from its naval ships
China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
Imran Khan’s ‘support’ for Modi shows BJP has walked into its own Pakistan trap
Modi & the BJP hope to return to power by exploiting the fear of Pakistan. Imran Khan has turned the tables and become a factor dividing Indian public opinion.