Tuesday, 22 May, 2018

Economy

Nirav Modi

The playboy with a penchant for diamonds & paintings: The rise & fall of Nirav Modi

Nirav Modi's Gitanjali Gems saw its market value rise from Rs 9.9 billion to a Rs 58 billion in seven years. Now its market value stands at just Rs 1.46 billion.
Lakshmi Mittal

Russia’s top bank willing to buy out India’s sick Essar in a $6 billion race

The VTB-led consortium’s bid will be in contest with that of Lakshmi Mittal’s ArcelorMittal, which submitted a higher offer than the VTB investor group last month.
A protest against Nirav Modi in the Punjab National Bank fraud case in New Delhi.

India considers barring 91 loan defaulters from leaving the country

The individuals are owners/directors of companies which have been identified as 'wilful defaulters'. About 400 companies have been identified as such.

India has to grow at 8% for 30 years to achieve middle class status

The global middle class is typically defined as having daily consumption expenditure levels of above $10 (in terms of PPP), which is almost Rs 650.
Brigade Road

Bengaluru cheapest city in India, 5th least expensive in the world

Singapore still the most expensive city; instability in India is a prominent factor in lowering the relative cost of living, says an EIU report.
RBI Governor Urjit Patel

In first reaction to PNB-Nirav Modi scam, RBI governor Urjit Patel puts onus on govt

Patel defended the central bank, saying it is simply impossible for the regulator “to be in every nook and corner of banking activity to rule out frauds”. New Delhi: Days after finance minister Arun Jaitley...
Representational image of Bitcoin

Countries and financial institutions are getting cryptocurrencies and blockchain all wrong

Crypto currencies issued by countries would be more vulnerable to arbitrary interventions in supply and demand. 
Bitcoin

Still don’t understand the blockchain? This explainer will help

Blockchain technology is expected to account for as much as 10% of global GDP by 2027. Even banks are waking up to the possibilities of cryptocurrency.
A farmer in a field in Punjab

Why an agriculture economist wants India to dump food subsidies

According to Ashok Gulati, the system’s bias towards consumers needs to be dumped, as do the dole model and export bans.

India’s going to beat the EU at renewable energy production by 2022

Renewable energy production surged in 2016, with around two-thirds – or 165 gigawatts – of net new capacity coming from clean sources.
Narendra Modi

Superbrand Narendra Modi: Cast in Titanium, not merely coated with Teflon

He’s our most polarising leader, deeply hated by many but equally loved by more, especially the young. To extrapolate BJP’s struggles in Gujarat and Karnataka to 2019 is fatally complacent.