Wednesday, 20 February, 2019
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Economy

Indian currency

Rupee goes from best performing Asian currency to worst as oil, Kashmir puncture sentiment

The rupee’s losses have deepened in recent days amid escalating tensions between India and Pakistan.

Death threats, a spiritual sect & a $2 billion empire: Singh brothers feud gets murkier

Billionaire Malvinder Singh claims that his brother Shivinder acquired 6 companies to write off debts of their spiritual guru, who allegedly threatened.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

In boost to Modi govt, RBI to consider Rs 280 billion early payout to Centre

RBI's profit transfer could be key to funding Modi government’s income support program for farmers ahead of the Lok Sabha election due by May.
Finance Minister Arun Jaitley with RBI Governor Shaktikanta Das

RBI governor says he’ll meet CEOs of both public & private sector banks on 21 February

Shaktikanta Das spoke after Finance Minister Arun Jaitley addressed a post-budget meeting of the central board of the RBI.

Sensex drops 150 points ahead of RBI board meet

Finance minister Arun Jaitley will address the RBI board to highlight the key points of the interim budget, including the fiscal consolidation roadmap.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

IL&FS crisis threatens savings of employees in wayward pension trusts

Several pension trusts invested in IL&FS because it was considered ‘safe’. So far, the losses are unclear as 200 trusts haven’t filed their returns to EPFO.
Pedestrians and traffic move past buildings in Mumbai

Hedge fund operator plans $1 billion India-focused ESG fund

Avendus expects to raise $1 billion over two years with its ESG fund and sees around 70 percent of that money coming from overseas investors.
The Infosys Ltd. campus in Bengaluru

Public sector firms join tech giants to keep share buyback alive

Rush to return excess cash to investors is driven by tax efficiency of buybacks over dividends, declining share values & a slowing global economy.
Illustration by Soham Sen

Indian Airlines defined flying for three generations post-Independence

Despite chronic delays and unexciting food, Indian Airlines was a brand Indians were close to.
Yes bank

Yes Bank under fire from RBI for making confidential report public

RBI said that Yes Bank's selective disclosures from an audit report by the RBI was a 'deliberate attempt' to mislead the public. Mumbai/Singapore: Yes Bank...

OnCamera

PM Narendra Modi

India-Pakistan face-off over Pulwama is Narendra Modi’s biggest foreign policy challenge

New Delhi can pat itself on the back for persuading Saudi crown prince Mohammed bin Salman to not fly directly from Pakistan.
shiv sena

Is pact with Shiv Sena sign of BJP’s desperation or smart manoeuvring ahead of elections?

The BJP and the Shiv Sena will contest the Lok Sabha and the Maharashtra assembly election in alliance. The BJP is also forming an alliance with AIADMK in Tamil Nadu.

Defence

Andaman and Nicobar Islands

7 islands in Lakshadweep and Andamans identified for seaplane operations 

Private sector participation was also invited for tourism-based projects in two archipelagos in the region. 
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.