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Wednesday, April 22, 2026
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Economy

Indians are not buying underwear. That’s how bad the economy is

Manufacturers and industry experts say small retail shops, hit hard by demonetisation & GST, aren’t buying stocks and are delaying payments.

Mukesh Ambani emerges winner as Airtel, Vodafone face Rs 92,000 crore hurdle

Mukesh Ambani’s Jio has emerged largely unscathed while Airtel & Vodafone have to pay the govt a combined Rs 92,000 crore.

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.

On Camera

Mumbai woman who shouted at minister spoke for many Indians, exposed BJP’s protest politics

Had it been a poor woman shouting at Maharashtra minister Girish Mahajan over the roadblock, the police would likely have arrested her, raided her home, and terrorised her family members.

India’s online gaming rules to take effect on 1 May; most games exempt from registration

The rules, which come into force on 1 May, establish an Online Gaming Authority which will determine whether a game is an online money game or online social game in only three situations.

Japan overhauls post-World War II pacifist military approach, lifts restrictions on defence exports

Since October last year, Japan PM Sanae Takaichi has planned to increase defence spending target to 2 percent of GDP.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.