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Economy

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...

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.

On Camera

How govt brought Vodafone Idea back from the brink & earned a neat profit in the process

In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.

China builds road through Shaksgam Valley in Pakistan-occupied Kashmir, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

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.