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Economy

Logo of Flipkart

Walmart is said to be favoured over Amazon to buy Flipkart

Walmart is in talks to take a minority stake in Flipkart that could go up to 50 or 60 per cent. While Amazon is pushing hard for deal with Flipkart because Walmart’s money will make competition even more fierce.
Economy

Government is said to ask oil retailers not to raise fuel prices

Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.
Axis Bank Ltd. branch

Somebody should send Axis Bank’s board a ‘thank you’ note

The bank deserves a vote of thanks for helping to create possibly the biggest and juiciest takeover target in the history of Indian banking.
A sample of crude oil

Saudi oil goal of $80 a barrel threatens to clip India’s economic wings

While Indian Prime Minister Narendra Modi’s administration reaped the benefits of the biggest price crash in a generation, oil is recovering as the government gears up for elections in 2019.
Sukhoi fighter jet

Airbus, Lockheed rush to tap India’s $620 billion defence market

At the heart of the development is India’s insistence on local manufacturing, which mandates that at least 30 percent of parts in imported defence products are made in India.

Sotheby’s to auction in India for the first time as country sees boom in art market

Sotheby’s auction will be held in Mumbai with one of modern master Tyeb Mehta’s most important works “Durga Mahisasur Mardini”; the artist's previous auction record was $3.6 million.

A guide to fighting inequality for India & China, as they clearly don’t know how it’s done

India saw the fastest rise in inequality of all major world regions between 1980 and 2016, and 55% of the country’s income share is in the hands of the wealthiest 10%.
Chinese president Xi Jinping

China’s Xi pledges greater openness amid Trump trade dispute

The speech -- marking 40 years after the first economic reforms transformed China -- was being closely watched after Trump’s plan to hit hundreds of Chinese products with duties.
ICICI Bank

ICICI Board is divided over CEO Kochhar’s Future

The board of India’s second-largest private sector bank may meet as early as this week to consider its next course of action.
Tata Hall

Tata Trusts accused of favouring Harvard over ‘under-privileged’ Indian universities

Tata Trusts defends $50 million donation, says no laws violated. Establishment of Tata Hall at Harvard will help more Indians study there, it says.

On Camera

An iPhone XR

Apple-maker Taiwanese company Foxconn to invest $1 bn in Tamil Nadu plant over next 3 years

Move comes as part of efforts of global companies to diversify their supply chains and reduce dependence on China. India has been trying to woo these firms.

Defence

Representational image of an IAF MiG-29 | Photo: Wikipedia

IAF gets night-flying capability at Leh for MiG-29s, force sees it as a ‘game-changer’

The new capability will allow IAF to conduct full-spectrum operations at the LAC on short notice, given Leh’s proximity to it.
Illustration by Soham Sen | ThePrint

Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states

Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.