scorecardresearch
Saturday, May 4, 2024
HomeEconomy

Economy

Xiaomi’s growth model already showing cracks despite loyal MiFans base in India

Data released by Counterpoint shows Samsung has dethroned Xiaomi in the June quarter as the leading Indian smartphone choice.

Under fire for ‘tax terrorism’, Modi govt to clear all dues and refunds by year-end

Move seen as a course correction after opposition slammed govt over frequent 'tax raids' on assesses in the name of black money.

Banks take over land, unfinished projects as housing slump puts $20 billion loans at risk

Home sales volumes are said to have declined about 40% over four years and prices dropped as much as 20% on average.

How Trump’s tweets may stoke inflation in India, weaken rupee

The US President's bid to dissuade allies from buying Iran oil has sent crude prices surging.

End to Mukesh Ambani’s telecom price war may be 185 million users away

Reliance Jio has amassed more than 200 million users since its launch in 2016.

Internet on your latest Apple iPhone is probably slower than Samsung, Google rivals

Slower load times, however, haven’t noticeably hurt the iPhone against its competition, and its smartphones are among the best-reviewed.

Barclays contemplating comeback in consumer banking in India

The UK bank intends to rebuild the retail banking operation in India by strengthening deposits and offering loans digitally. 

Revenue loss from GST cuts may hamper government’s budget deficit goals

The GST Council cut taxes on 50 goods which will cut revenue by $2.2 billion every year.

PayTM helping SoftBank wade into Japan’s crowded digital payments space

Dozens of employees of the Indian startup are said to be working in Tokyo on getting the service up and running.

Ending ‘lahu ka lagaan’, GST council scraps the tax on sanitary napkins

Keeping in mind the budget of the middle class, the council also reduced GST on selected consumer durables from 28 to 12 percent

On Camera

Stop targeting Galgotias University students. Focus on politicians instead

Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, 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.