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Thursday, May 2, 2024
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Economy

India likely to slash oil imports from Iran by 50% to qualify for US waiver

Diminishing oil imports from Iran will cost India savings on shipping and loss of longest credit repayment period.

India’s trade deficit biggest in five years, to worsen outlook for Indian rupee

Weaker rupee works like a double-edged sword, is positive for exports but can add to the stress of India’s current account balance.

Wholesale inflation eases to 5.09% in July as prices of fruits and vegetables drop

The retail inflation eases to a nine-month low of 4.17 per cent in July, from 4.9 per cent in June, data shows Monday.

Indian rupee, Asia’s worst performing currency, crashes past the 70 level to new low

The rupee dropped to 70.08 per dollar before recovering to 69.85 as state-run banks sold dollars, probably on behalf of RBI. There’s not a moment...

Jet Airways lenders want it to sell shares before considering fresh credit

India’s biggest full-service carrier is carrying a debt that is 55.4 times more than its earnings before interest and tax.

India can’t afford to turn its back on free trade

Chances are, the other 15 countries of Regional Comprehensive Economic Partnership will move ahead if New Delhi continues to be obstructionist.

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...

On Camera

Data sharing policies can’t be one size fits all. Crucial to address privacy, ownership

The Indian data market remains in its infancy due to regulatory ambiguity, despite the global trend of enterprises monetising various types of data.

Strong showing by north, improved compliance — how GST revenue rose to record Rs 2.1 lakh cr in April

While April typically sees highest collections in a financial year, analysts say a host of reasons came together this time to lift total figures.

Complex network of India’s existing air defence capabilities & the way forward

Provocations among Israel & Iran have prompted discussion on the need for India to broaden its air defence apparatus, given tensions with adversarial neighbours.

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.