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Thursday, February 9, 2023
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Economy

Petrol, diesel prices rise for fifth day in a row, rates go up by 60 paise

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62.

How Tiruppur bounced back to Tommy, Zara & GAP after making masks and PPE kits in lockdown

Tiruppur garment industry resumes operations and is back to catering to orders from US, Australia and Europe. It now hopes to replace China as export hub.

Controversial Boeing 737 Max is nearing a milestone with key test flight this month

Boeing is sharing the draft of its revised pilot training, indicating it might finally be nearing the end of its 15-month grounding and controversy over 2 crashes.

Why industries in Maharashtra are reluctant to employ Marathi workers despite shortage

Nearly 12 lakh of Maharashtra's 38 lakh migrant workers have left the state over the past weeks during the lockdown, affecting more than 40 sectors.

Why rupee is Asia’s worst currency despite India’s forex reserves nearing $500 billion

The rupee has lost 2% in the past three months, having hit a record low of 76.9088 per dollar in April.

Everyone around the world is ditching coal – except India, China

Appetite for coal is roaring back in Asia, which makes up three-fourths of global consumption & is expected to continue growing after Covid disruption.

Franklin Templeton barred from liquidating India funds until forensic audit is shared

The hurdles facing India’s biggest-ever forced fund closure means about 300,000 unitholders may have to wait longer to recoup the money invested in the six frozen funds.

Targeted policies, managing debt, ‘green’ economies — Gita Gopinath’s Covid survival guide

IMF's chief economist Gita Gopinath talks about how countries can handle the consequences to economies, environment, and health systems. Read the full interview here.

Private-jet industry sees faster rebound than 2008 recession amid pandemic

The industry has a smaller base of loyal customers and the safety aspect of private planes as an alternative to crowded planes can become a key selling point.

Why the US can’t end China’s control of the global supply chain

With govts having to fund trillions of dollars in bailout packages for businesses, finding extra capital to restructure global supply chains is a tall order.

On Camera

YourTurn

FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song

US ‘shaking up’ Marine Corps shows its laser focus on China....

The iCET agreement goes the whole hog in joint cooperation between US and India. But there is a greater need to focus on how the defence budget is spent.
Representative Image | ANI

‘Need to see a decisive moderation in inflation’: RBI Governor on...

While overall inflation is moderating, high and persistent core inflation remains a worry, as does the uncertain global growth & inflation environment, the governor said.

Defence

File photo of the Chinese spy balloon which was later shot down by the US | Reuters

China has spy balloons, India has aerostats. But IAF’s had mixed...

After Kargil Review Committee's recommendation, air force purchased 2 aerostats worth over Rs 300 crore for surveillance in 2007. IAF favours AWACS for vigilance operations.
Illustration by Soham Sen | ThePrint

Market has won & now it’s for Adani to decide whether...

If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.