Saturday, 26 May, 2018

Economy

Bharat Petroleum Corp.'s refinery in the Mahul area of Mumbai, India | Bloomberg

Oil conspires with politics to drive Rupee toward record low

Prime Minister Narendra Modi and the rupee face a similar predicament - old foes have re-emerged to keep them in check.
File photo

China, India lead global solar expansion as costs fall

The two countries are also home to the world's largest operating utility-scale solar projects.
Narendra modi in the parliament for the budget session 2018

India’s budget threat back in focus after Modi loses Karnataka

The bonds have taken a knock this year, which were further fueled by wider budget targets, faster inflation and a global selloff of emerging market assets.
Tata Steel Ltd. bought insolvent Bhushan Steel Ltd.

First big bankruptcy success hands $5.2 billion for Indian banks

Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.
Employees work at Anker's headquarters in Shenzhen Photographer

Amazon helps ex-Googler turn mom’s money into a billion Dollars

Steven Yang moved to Shenzhen with less than $1 million in seed capital. Now, Anker Innovations Technology has reached a deal to put products in almost 4,000 Walmart Inc. and 900 Best Buy Co. stores in the US.
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.
pregnant woman

Bar council rule implies women can’t juggle pregnancy & legal profession

When the court said maternity leave cannot granted to a “professional course”, it deepened the notion that in a woman’s life professionalism and family cannot go hand in hand.
Illustration by Siddhant Gupta

How should the Indian army ethos handle Major Gogoi’s case?

Indian Army Chief Bipin Rawat has said that 'exemplary punishment' will be given to Major Leetul Gogoi, if he is found guilty of violation of Army rules. Experts weigh in.
Illustration by Peali Dezine

Did you know Indian and Pakistani spies can plot peace too?

Some untold or barely told stories of Indian and Pakistani spymasters making peace on the sidelines of war.