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Economy

It’s goodbye A380s as Airbus finally scraps the superjumbo jet

Deliveries of the double-decker A380 jets will stop by 2021 as Emirates, the only remaining major buyer, cut its order by 39 jets.

RBI’s think tank wants govt to form independent body to verify official data

Assumptions for economic growth & deficits made in the interim budget are subject to much debate, CAFRAL director Amartya Lahiri says.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.

Indian tea sales to wilt as Kenyan crop jumps

It's all in the leaves: Kenya delivers good quality tea at a low price, while India’s tea in that category is quite expensive in relative terms.
Indian currency

Rupee’s unexpected rally showcases RBI’s pivot for India markets

Money from Axis Bank Ltd.’s share sale and Vodafone Plc’s investments in its India unit are supporting the rally in the rupee
File photo of Kumar Mangalam Birla, chairman of Aditya Birla Group

Kumar Mangalam Birla taps banks for US aluminum M&A deal

Birla's Hindalco, which is part of the huge Aditya Birla Group, has put together a consortium of global banks to fund its takeover of aluminum producer Aleris Corp.
Representational image | Karen Dias/Bloomberg

India’s top broker sees profit growth revival on policy changes

Government's policy changes to tackle sour debt may spell growth for the next three fiscal years.
Mohammed Alardhi

A $23 billion manager sees sweet spot in India realty crunch

Investcorp Bank plans to provide structured credit to real estate sector
A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur. Photograph: Sanjit Das/Bloomberg via Getty Images

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.
Reserve Bank of India (RBI) head office in Mumbai | Punit Paranjpe/AFP/Getty Images

Easing core inflation could push RBI to cut rates again

Core inflation has remained sticky at around 6% and is a key reason economists cautioned against more rate cuts after last week’s surprise easing.

OnCamera

A still from Total Dhamaal | Facebook

Total Dhamaal review: An exercise in mediocrity that would make mediocre look better

The third instalment in the Dhamaal series has all the animals and actors in the zoo but not one funny bone.
indus

Can India hurt Pakistan with new Indus dams or Modi govt hyping old project after Pulwama?

In wake of the Pulwama terror attack, union minister for water resources Nitin Gadkari tweeted Thursday that India will “stop its share of water which used to flow to Pakistan”.

Defence

Muslims beat posters of Jaish-e-Mohammed chief Masood Azhar during a protest against Pulwama terror attack, in Ahmedabad on February 15, 2019

Pakistan govt takes control of Jaish-e-Mohammed headquarters in Bahawalpur

The move came a day after the powerful UN Security Council put pressure on Pakistan to rein in militant groups operating from its soil.
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.