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Economy

A factory in China (representational image) | Commons

How China broke into the world’s top 20 most-innovative economies within a few years

Experts call it a breakthrough for Beijing’s economy and a shift in China’s reputation as a manufacturing economy to a research-driven one.
Representational image The Netflix homepage | Chris Ratcliffe/Bloomberg

Movie streaming giant Netflix subscriber growth faces test after $43 billion rally

Netflix Inc. will get a chance next week to validate the more than $40 billion added to its market value since the company’s blowout...
Chinese customers look at the new iPhone X at an Apple store | Getty images

China only makes $8.46 from an iPhone – and that’s why Trump’s trade war is futile

The use of China as a giant assembly floor has been good for the US economy, if not for US factory workers. 
A woman at a vegetable market in Udaipur | Prashanth Vishwanathan/Bloomberg

Per capita income, human development rankings puncture holes in India’s GDP rise story

GDP per capita of $1,940 shows the average Indian is less prosperous than those in some of our neighbouring countries.
Several fraudulent withdrawals were made from the MEA employees' GPF accounts | Bloomberg

MEA employees lose Rs 92 lakh of provident fund money to online fraud, CBI begins probe

The fraud came to light after an internal review by accounts officials found that software to be hacked by unidentified persons.
Ambani's wealth stands at an estimated $ 44.3 billion | Pankaj Nangia/Bloomberg

Mukesh Ambani leaves Jack Ma behind to become Asia’s richest person

Ambani's wealth overtook Ma's after the surge in Reliance's share prices.
In June, the Reserve Bank of India had raised rates for the first time since 2014 | Adeel Halim/Bloomberg

Surging housing costs may prompt RBI to raise rates again

The central bank has been vocal on the need to curb inflation. It will surely raise interest rates by 50 basis points in next 12 months.
The rule change is likely to cost shipping companies an additional 40 billion USD to 60 billion USD, says Goldman Sachs | Tim Rue/Bloomberg

Merchant ships to become slower by 2020 to cap sulphur levels

In order to comply with IMO regulations, cargo ships have two options - slow down or bear additional costs
Industrialist Naveen Jindal

Delhi court orders framing of additional charges against Naveen Jindal in coal scam case

Jindal, others to be charged with abetment of bribery in a case pertaining to irregularities in allocation of a Jharkhand coal block. 
Latest News on Economy | theprint.in

Pivot of China’s new silk road, Gwadar port has hit a bump in slow internet

In a landmark judgment, the Supreme Court has recognised and given sanction to passive euthanasia and "living will"

On Camera

Made in China products

Green tea to underpants, China’s grip on Indian lives goes beyond phone apps

There is no way Indians can live without most of the 8,000-odd stuff the country imports from China. So it's just better to wait for the tensions at LAC to simmer down.

Indian lawsuits allege former Wirecard COO played key role in deals later mired in disputes

The suits allege Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund in 2015.

Defence

Prime Minister Narendra Modi meets soldiers who were injured in Galwan Valley clash, during his visit to Ladakh, in Leh on 3 July 2020 | ANI

Modi dares China, tells Indian Army ‘our enemies have seen your fire and fury’

China sees Modi’s visit as an attempt to ‘escalate’ the situation. Experts say the visit was a powerful message to China to not escalate the matter.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.