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Tuesday, April 30, 2024
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Economy

Weak rupee makes it difficult for RBI to fight inflation

RBI's plans are in trouble as rupee hits a new low after turmoil in Turkey. Inflation may stay around projections until next year. 

Indian forex reserves under new pressure as rupee crashes to all-time low

With RBI expected to aggressively shore up the rupee, analysts expect forex reserves to dip below $400-billion mark.

Scandal-hit PNB wants south Indian banks to help revive its fortunes

Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.

Nirav Modi’s family summoned to court under new fugitive act

If Modi's family fails to appear, their assets will be confiscated under the new Act, says a Mumbai court. New Delhi: A special Fugitive Economic Offenders Act...

President Kovind launches One District One Product summit in UP to boost local industries

Under the scheme, the state govt aims to provide jobs to 25 lakh people with a financial assistance of Rs 25,000 crores.

Ramdev’s Patanjali rejects slowdown report, claims demand of its products exceeds supply

CEO Balkrishna says new plants of the firm will ramp up production capacity to Rs 60,000 crore from the current Rs 35,000 crore.

Once a frontrunner, Jet Airways is now crumbling under pressure of the aviation boom

Facing competition from airlines like IndiGo, GoAir, and SpiceJet, the airline is facing the probability of failing to repay its obligations next year.

Gujarat’s bitcoin-based Ponzi scheme could lead to India’s largest banking scandal

A $3 billion scam could be unfolding in Gujarat as probe into an alleged Ponzi scheme reveals tax evasion, police corruption and a fugitive politician. 

Here are the industries that made India the world’s fastest-growing economy

India's appetite for fuel has expanded up to 7 per cent, but performances in the banking and power sectors have declined. 

Bhushan Steel’s former promoter arrested for siphoning over Rs 2,000 crore

Serious Fraud Investigation Office (SFIO) arrested Neeraj Singal in the national capital and sent him to judicial custody until 14 August.

On Camera

Devdas to Heeramandi—Bhansali doesn’t reduce courtesans to performers. They have a voice

Sanjay Leela Bhansali’s films may be over-the-top, but by shining the spotlight on women who are otherwise forced to work on the edges of acceptable society, he gives them agency.

Asia’s growth outlook remains positive despite external uncertainties, says ADB

The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions.

Admiral Dinesh K Tripathi takes over as Navy chief — challenges include changing warfare, China

An alumnus of the National Defence Academy, Khadakwasla, Admiral Tripathi was commissioned on 1 July, 1985 into the Executive Branch of the Navy.

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.