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Friday, May 17, 2024
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Economy

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.

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.

On Camera

Mamata’s ‘outside support’ push has many meanings. Does she want INDIA to pick TMC over Left?

TMC should worry about minority voters and how they view her ‘outside support’. Minorities are with the TMC but they have also watched Rahul Gandhi march across the country.

FM Sitharaman stresses govt’s manufacturing focus at a time when ‘some economists’ advise otherwise

Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.Speaking at a CII summit, Nirmala Sitharaman says 99% of phones sold in India are made in the country and that 60% import substitution has been achieved in the telecom sector.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

What’s common between Netflix Chamkila and Trudeau’s trouble-infested Canada? They don’t get Punjab

Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.