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Economy

Mukesh Ambani buys iconic British toy store chain Hamleys

The Hamleys acquisition is the latest in a string of purchases in Ambani’s push into consumer business & will add heft in battle with Amazon & Walmart.

India gives in to US pressure, fully stops import of Iran oil

Indian decision comes amid pressure from the Trump administration, which had called on India and 7 other countries to stop the import of Iranian crude.
P.C. Mohanan

India’s statistics panel should be free, have legal backing: Ex-chief who quit in protest

Former National Statistical Commission chief P.C. Mohanan says the body should be given statutory powers so that people listen to it.
Bank notes | Getty Images

Why tax shortfall of Rs 1.6 lakh crore should worry Modi govt

Tax shortfall reflects a higher-than-anticipated slowdown, say economists. ThePrint takes a look at its impact on the Indian economy.
A coal wholesale market in Mumbai

Indians are addicted to cheap coal power and it’s killing them

Coal provides roughly 70% of India’s power needs, even as 1.24 million citizens die annually as a result of choking smog, according to The Lancet.

NBFCs are feeling the sting as mutual funds cut debt exposure

Mutual fund investments in commercial paper & bonds that mature within 90 days dropped to Rs 3.24 trillion at end of March, the lowest in 6 quarters.
RBI Headquarters in Mumbai

RBI warns finance panel of more fiscal slippages for states

The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI.
Indian economy

ONGC says it’s not facing a fund crunch despite falling cash balance

ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
Dilip Shanghvi, founder and managing director of India’s largest drugmaker Sun Pharmaceutical Industries Ltd

Dilip Shanghvi of Sun Pharmaceutical’s to keep stake in Suzlon Energy despite falling value

In 2015, billionaire Dilip Shanghvi bought 23% stake for Rs 18 billion, but Suzlon still hasn’t exited India’s debt-restructuring program, missing deadlines since 2017.
Prime Minister Narendra Modi and former prime minister Manmohan Singh

New GDP series, which showed Modi govt growth higher than UPA, based on flawed data: NSSO

In 2015, Modi govt had revised the base year for GDP calculations, which led to a significant drop in the growth estimate for the preceding UPA administration.

On Camera

Priyanka Vadra, Congress President Rahul Gandhi, UPA chairperson Sonia Gandhi and Robert Vadra

Not Gandhi dynasty, but a Narasimha Rao-like figure can save the Congress now

The Congress needs someone who can re-build its image and appeal as a credible opposition without totally sidelining the Gandhi family.
imran khan

With Lok Sabha elections over, how can India and Pakistan now repair fractured ties?

Pakistan Prime Minister Imran Khan is considering appointing a national security adviser to revive backchannel diplomatic talks with India.

Defence

RFID

RAW & IB chiefs, cabinet & defence secretaries — the key appointments awaiting new govt

The new govt will also appoint the IAF chief after incumbent Air Chief Marshal B.S. Dhanoa retires in September. 
Illustration: Soham Sen | ThePrint

If Pragya Thakur wins this Thursday, Modi is in for an embarrassing 5 years

Never has one constituency had such a bearing on Indian nationalism and the pretence of a Gandhian polity. So what if PM Modi doesn’t forgive her in his heart?