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Economy

Mukesh Ambani

It’s Mukesh Ambani who could become Amazon’s biggest rival in India

Walmart's acquisition of Flipkart might have given the impression that the battle for India would be an all-American contest, but the fight isn't that simple - or easy. 
The rupee hit a record low last Thursday to cross 69 to a dollar | Dhiraj Singh/Bloomberg

The rupee fell past 70/$ and recovered. But don’t take your seatbelts off just yet

Chaos in emerging markets threatens to take the rupee beyond 70.50 by year-end, and America’s Iran threat is making it worse.
A Jet Airways plane

Blackstone group in talks for stake in Jet Airways loyalty programme

Jet Airways is racing for funds with rising crude oil prices increasing competition in the India market.
US President Donald Trump and Prime Minister Narendra Modi | Wikimedia Commons

India likely to slash oil imports from Iran by 50% to qualify for US waiver

Diminishing oil imports from Iran will cost India savings on shipping and loss of longest credit repayment period.
Representational image

India’s trade deficit biggest in five years, to worsen outlook for Indian rupee

Weaker rupee works like a double-edged sword, is positive for exports but can add to the stress of India’s current account balance.
Vegetable vendors

Wholesale inflation eases to 5.09% in July as prices of fruits and vegetables drop

The retail inflation eases to a nine-month low of 4.17 per cent in July, from 4.9 per cent in June, data shows Monday.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Indian rupee, Asia’s worst performing currency, crashes past the 70 level to new low

The rupee dropped to 70.08 per dollar before recovering to 69.85 as state-run banks sold dollars, probably on behalf of RBI. There’s not a moment...
Jet Airways

Jet Airways lenders want it to sell shares before considering fresh credit

India’s biggest full-service carrier is carrying a debt that is 55.4 times more than its earnings before interest and tax.
Chinese goods

India can’t afford to turn its back on free trade

Chances are, the other 15 countries of Regional Comprehensive Economic Partnership will move ahead if New Delhi continues to be obstructionist.

Weak rupee makes it difficult for RBI to fight inflation

RBI's plans are in trouble as rupee hits a new low after turmoil in Turkey. Inflation may stay around projections until next year. 

On Camera

Congress headquarters

One in three people at Congress rallies may not have voted for the party: Lokniti-CSDS

Survey data from BJP and Congress rallies during 2019 election suggest that huge crowds are deceiving and don’t translate into votes in favour.
elections

Does Congress have a future in India after 2019 Lok Sabha election results?

The Congress party faced a crushing defeat in the 2019 Lok Sabha elections at the hands of Narendra Modi-led BJP.

Defence

An AN-32 aircraft of the Indian Air Force

IAF workhorse AN-32 gets a fuel that’s green and creates jobs for tribals

The IAF will now run its AN-32 transport aircraft on a blended bio-fuel partly derived from trees. It plans to widen the experiment over the next two years.
Graphic by Soham Sen | ThePrint

Modi era begins in politics as caste factor fades. Here’s why he won’t be easy to beat

BJP's Mandir politics has subsumed Mandal under Modi-Shah and created a pan-Hindu vote. Modi's challenger has to invent a new politics.