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Sunday, April 28, 2024
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Economy

IL&FS crisis threatens savings of employees in wayward pension trusts

Several pension trusts invested in IL&FS because it was considered ‘safe’. So far, the losses are unclear as 200 trusts haven’t filed their returns to EPFO.

Hedge fund operator plans $1 billion India-focused ESG fund

Avendus expects to raise $1 billion over two years with its ESG fund and sees around 70 percent of that money coming from overseas investors.

Public sector firms join tech giants to keep share buyback alive

Rush to return excess cash to investors is driven by tax efficiency of buybacks over dividends, declining share values & a slowing global economy.

Yes Bank under fire from RBI for making confidential report public

RBI said that Yes Bank's selective disclosures from an audit report by the RBI was a 'deliberate attempt' to mislead the public. Mumbai/Singapore: Yes Bank...

Markets take a hit after PM Modi vows retaliation to Pulwama terror attack

The Sensex recorded its worst week in four months after Prime Minister Narendra Modi said the nation will give a befitting reply to terrorists.

Alibaba-backed Paytm wants to cash in on Amazon’s India distress

Paytm founder Vijay Shekhar Sharma says their focus is on growing the market by converting offline partners to online retail.

Pilot shortage is said to cripple Indigo, Asia’s biggest budget airline

Indigo scrapped as many as 49 flights on Wednesday

Ailing Jet Airways gets lifeline in debt swap deal with lenders

Jet Airways, which needs Rs 85 billion to help it get back on its feet, will be revamped, with banks becoming the biggest shareholders of the company. 

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.

On Camera

‘Until Scheduled Castes get pen and stick in their hands, they will continue to be killed’

On 4 April 1968, Bansgaon MP Molhu Prasad delivered a speech in the Lok Sabha on the atrocities against the Scheduled Castes and their negligible representation despite reservation.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.