Wednesday, 22 May, 2019
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A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE)

Mid-cap stocks expected to gain most from a likely Modi win

A potential victory for Modi’s BJP will help bring back domestic fund flows, and that’s seen as good news for mid-cap stocks.
File photo | PM Narendra Modi | PIB

Rupee and bonds climb after exit polls predict Modi win

The S&P BSE Sensex climbed as much as 2.6%, the biggest advance since March 2016, as predictions reinforced Modi’s ability to repeat his 2014 win amid a resurgent opposition.

India has been a businessman’s dream and a citizen’s nightmare

Many Indian voters are hoping that the trickle-down effect of a ‘business friendly’ government will help the overall economy.

India’s new govt will get an economy riddled with problems

Arresting economic slowdown & nursing financial sector back to health will be the immediate priorities for whoever wins on 23 May.
Anil Ambani | Qilai Shen/Bloomberg

Reliance Capital protests downgrade, says it will cut debt 50%

Care Ratings has cut the firm’s long-term debt program to BBB from A and kept it on credit watch.
Illustration by Soham Sen | ThePrint

How Polson made butter a commercial product in pre-Independence India

Polson butter had monopolised the business by the 1930s and become a household name in India, much before the Amul revolution.

Loose lips and FX tips: How chatrooms cost banks $1.2 billion

Instant message groups, where foreign-exchange spot traders login to chat and exchange information, has affected their employers adversely.
Representational image

Pakistan stock market, currency reel after it seals 13th IMF bailout since 1980s

The Pakistan central bank is due to meet Monday to decide on monetary policy, with economists expecting a seventh straight hike in interest rates.

Navratna PSU sells investments, takes loan to ‘bail out’ railways with Rs 3,000 cr payment

Container Corporation made advance freight payment of Rs 3,000 cr to Indian Railways at the fag end of FY19, helping improve its operating ratio.
The Apple Inc. logo is displayed at one of the company's stores in Hong Kong | Anthony Kwan/Bloomberg

Apple and Amazon show the contradictions in India’s quest to lure foreign investment

Successes such as Foxconn aside, tales of frustrated plans & bureaucratic bottlenecks are holding India back from a China-1990s-style boom.

On Camera

Dead men talking

Reporting on Lanka's blood-soaked years, I watched names disappear from my notebook.
crash

Budgam friendly fire: Should charge of culpable homicide be on the table in the fog of war?

A senior IAF officer and 3 other personnel could be booked for “culpable homicide not amounting to murder” in the February Mi-17 helicopter downing.

Defence

File photo of commander-in-Chief of Andaman and Nicobar Command Vice Admiral Vimal Verma | By special arrangement

Bimal Verma files petition against KB Singh’s appointment as next Navy chief

He filed a petition in the Armed Forces Tribunal and contended that it should call for the service records of both him and Vice Admiral KB Singh and compare them.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.