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Economy

State Bank of India branch in Mumbai

Record $1 billion loss signals `happy year’ for State Bank of India

SBI’s shares surged to a six-week high after it reported a record loss on Tuesday, after a similar contrarian market reaction by ICICI Bank Ltd. and Axis Bank Ltd. reported poorer-than-expected earnings.
Elevators travel next to electronic boards at the National Stock Exchange of India | Bloomberg

Singapore bourse sued by National Stock Exchange in futures dispute

The National Stock Exchange of India sued Singapore Exchange Ltd. in a Mumbai court, posing a threat to one of the most widely used offshore futures contracts by investors worldwide.
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.

On Camera

Covid-19: Dr WHO gets prescription wrong

China informed WHO on 31 December, but there is evidence that the coronavirus had spread among humans as far back as mid-October. Yet, WHO showed no urgency.
Illustration: Soham Sen | ThePrint

Coronavirus racism against NE Indians: How can govt prevent Sino-phobia from hurting our own?

While US President Donald Trump is constantly calling coronavirus the ‘Chinese virus’, people from northeast India are being targeted, abused and attacked.

Defence

Indian Army Personnel (Representational image) | ANI Photo

Army may recall retd personnel with medical expertise if fight against Covid-19 intensifies 

The Army has made a composite list of all those who retired in the last two years, especially focussing on those with medical expertise and trained technicians. 

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.