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Economy

RBI

Is India next to raise interest rates after Indonesia moves to curb market rout?

With Bank Indonesia raising interest rates, more economists are betting the Reserve Bank of India will do the same.
Developing countries have borrowed steadily over the past decade | IMF | Twitter

Worse than 2008? Here’s what the emerging market numbers show

According to the Bank for International Settlements, the U.S. dollar credit to non-bank borrowers in developing countries reached $3.7 trillion at the end of last year. 
A workers loads a steel sheet onto a truck in the Naraina steel and iron market area of New Delhi, India

India’s top steelmakers plan record output on strong demand

JSW and Tata Steel have planned to expand their own facilities, while aiming to snap up some of the distressed assets for sale under India’s new bankruptcy laws.
Abdul Gafur Khatri with his Rogan art piece "Tree of Life" at the Amazon seller workshop in Bhuj, India

Amazon India goes where no retailer has gone before for endangered art

After Walmart's $16 billion investment in Flipkart, the largest internet retailer's move of recruiting these unlikely suppliers is a sign of the fierce battle raging globally. 
global oil market

Trouble looms for India as shipping revolution to push oil prices to $90 a barrel

Changes that force vessels to consume lower sulphur fuels in 2020 will lead to a boom in middle distillate products, triggering crude demands.

Look to India for returns, not China’s Belt-and-Road, funds say

As the Chinese initiative is primarily for Beijing to exert its influence over the region, investors are not seeing much possibility of financial returns. 
Sanjeev Gupta, executive chairman of Liberty House Group

Tycoon Gupta to target Australia in financial services expansion

GFG sees major opportunities in India despite challenges with regulation and infrastructure, will continue to pursue three deals under the sell-off of assets prompted by bankruptcy law, said executive chairman Gupta.
RCom will have 270 days for its debt repayment plan

Ericsson Wins Plea to Push Ambani’s RCom Into Insolvency

The Mumbai bench of National Company Law Tribunal has placed Anil Ambani's Reliance Communications Ltd. under insolvency proceedings. This will prevent Anil Ambani from selling RCom's airwaves, towers, and fiber assets to his elder brother's company.
Nirav Modi fraud and Punjab National Bank

Nirav Modi fraud cost Rs 14,357 crore, says PNB

The bank Tuesday posted its largest-ever quarterly loss of Rs 13,416.91 crore for the January-March period, mainly on account of high provisioning for bad loans.
Pedestrians look up at an electronic ticker board showing a budget news report outside the Bombay Stock Exchange (BSE) in Mumbai.

Surprise twist in India’s state elections deflates stocks rally

With BJP leading in 104 of the 222 seats that voted 12 May, the election may result in a hung assembly, paving the way for the JD(S) to play kingmaker in forming a coalition government.

On Camera

aap

Is AAP’s Arvind Kejriwal also guilty of treating Muslims as an unthinking votebank?

Days after Delhi voted in the Lok Sabha elections, AAP convenor Arvind Kejriwal said the Muslim vote “shifted” to the Congress at the last minute.

Defence

Pakistan sends a ‘message’ to Modi, test-fires nuclear missile on day of his poll sweep

Pakistan tested ballistic missile Shaheen-II, which has a range of 1,500 km. Indian security experts say timing of the test clear signal to new govt.
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.