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Economy

Netflix

Shemaroo’s streaming service angles for new growth model in a bid to take on Netflix, Amazon

Shemaroo may produce some content, but sees controlled spending on content and platform maintenance as a key difference between its planned app and Netflix.
View of RBI building | Getty Images | Ramesh Pathania

Banks beat RBI in raising interest rates

State Bank of India, ICICI Bank and Punjab National Bank are among the biggest banks that increased their benchmark lending rates last week.

$210 billion of Indian bad debt lures funds hunting for returns

Banking sector in India is coping with about $210 billion of problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.
Boeing

Boeing sees two-year wait for world’s biggest fighter jet deal

Boeing said in April that it would partner with Hindustan Aeronautics and Mahindra Defense Systems to manufacture the F/A-18 Super Hornet in India.
A model Airbus A330neo aircraft, produced by Airbus group

US Dreamliner Boeing hounds out newest Airbus jetliner to India

Indian airline Vistara is poised to place an order for six 787s aircrafts worth as much as $3.3 billion, including options. 
Indian Economy

India’s recovering economy puts June rate increase on table

Growth accelerated to 7.7% in the quarter ending March, making India the fastest growing major economy. Amid growing calls to pull the rate trigger, this might see the RBI increase interest rates as early as next week.
Air India aircraft | Commons

Modi government to review Air India deal after sale plan flops

The failure is a setback to Modi’s reformist image ahead of national elections due next year. No bidder came forward to purchase 76 percent of Air India Ltd.
Air India

Modi’s most high-profile sale flops as no bidder turns up for Air India

No bidder came forward to purchase 76 per cent of Air India Ltd., which was offered along with its $5 billion debt.
Air India aircraft

Nobody wants Air India: Govt says zero bids received for stake sale

The government had proposed to offload 76% equity share capital of Air India as well as transfer the management control to private players.
Men waiting outside shops for work in New Delhi during the demonetisation period in India | Bloomberg

India’s GDP growth recovery gains strength but oil price rise & market rout remain worries

For oil-importing India, the combination of a weaker currency and surging oil prices is a threat not only for the current-account deficit, but also inflation.

On Camera

People wearing masks in a park in Shanghai, China | Qilai Shen | Bloomberg

Asians will become the new Muslims — how coronavirus will change our world like 9/11

To control another Covid-19 outbreak, solutions like body screening, temperature guns, sanitising kits will become a permanent part of our lives.
Illustration: Soham Sen | ThePrint

Is there a risk of Modi govt using Covid-19 to curb media and freedoms or is it necessary?

Surveillance is becoming a key concern during the Covid-19 crisis. The Supreme Court has also directed media to publish the official version of the developments.

Defence

Indian Navy on board a naval ship

Navy gets battle-ready for Covid-19 with low-cost temperature sensor, oxygen supply system

The naval dockyard in Mumbai has designed a hand-held temperature sensor while a Portable Multi-feed Oxygen Manifold was designed by personnel in Visakhapatnam.

Modi’s India isn’t Mao’s China. Silly forecasts assume we’ll let corona kill millions of us

There are many scary scenarios about how badly we Indians may be affected or how many killed by Covid-19. But they presume we will do nothing to influence our fates.