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Monday, May 20, 2024
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Economy

India has become a diesel exporter as consumption has slumped to lowest in nearly 3 years

Five straight quarters of slowing growth is taking increasing toll on demand, resulting in diesel consumption slumping to lowest since the start of 2017.

Investors are confident Indian stock market will bounce back after Diwali

India’s key equity indexes have risen at least 10% since last Diwali, but broader market has trailed gains sparked by surprise tax cut for corporates.

Plan to rescue Dewan Housing seems entirely fictional, like a Bollywood fantasy

The only reason Dewan Housing rescue is even being attempted is to delay — as long as possible — the collapse of a large NBFC.

Sluggish ‘animal spirits’ in Sept signal there is no economic recovery for India yet

Economic activity in September slipped with seven of eight high-frequency indicators compiled by Bloomberg showing weakness and one ticking up slightly.

Uber CEO promises to make company profitable, with some help from India

Uber suffered a $5.2 billion loss in the second quarter of this year, but India offers a potential bright spot with untapped market that can help Uber grow.

IndiGo operator InterGlobe Aviation reports biggest ever quarterly loss

The loss shows that even airlines like IndiGo, which is India's most lucrative domestic carrier, isn't immune. The loss was driven by foreign-exchange losses and a re-assessment of future costs.

Nirmala Sitharaman promises to simplify GST further to boost India’s business ranking

India jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index, and aims to be within 50 in the next few years.

Modi govt considering cutting income tax and scrapping exemptions

The tax relief measures hope to boost demand and are likely to be part of the union budget due to be presented in February.

Maruti Suzuki, hit by automobile sector slowdown, reports lowest profits in 4 years

The festive season sales may not be enough to overcome the 39% slump in profit Maruti Suzuki India has suffered since last year.

India moves up 14 places in World Bank’s ease of doing business ranking

The ranking comes at a time the RBI, World Bank, IMF and various rating agencies have slashed the India’s growth forecast.

On Camera

Nancy Tyagi at Cannes is instantly iconic. Commenting on Aishwarya Rai is so last decade

Her saree could easily give Sabyasachi’s Met Gala creation a run for his money. Alia Bhatt’s ‘Garden of Time’ saree was a product of 163 artisans, Tyagi is a one-woman show.

What’s geopolitical recession? World seems to be heading for one

The long-term rise of China and the 'Global South', combined with a decline of European and Japanese economic power is driving a fundamental shift.

With defence push, India looks to capture markets in Africa beyond western Indian Ocean

India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.      

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?