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Economy

Illustration: Ramandeep Kaur/ThePrint

Why Ramdev’s Ruchi Soya shares jumped to Rs 1,535 from Rs 17 in 5 months & are now tanking

Since 29 June, stock has consistently fallen by 5% for 6 consecutive days, triggering lower circuit — levels where trading activity in a stock are suspended following a sharp fall in share prices.
Representational image of Union finance ministry | ANI

Economy showing signs of recovery but pandemic may affect business climate: Finance Ministry

Improved kharif sowing, pick-up in electricity and petrol consumption, and higher freight movement indicate green shoots in the economy, ministry report stated.
Workers at a metro construction site in Mumbai (representational image) | Photo: ANI

India added 7 crore jobs in June — mostly daily wagers, farmers and small businesses

About 12 crore jobs were lost due to the lockdown in April, but things are gradually improving. However, only 39 lakh new salaried jobs have been created.
People on bike passing through a deserted market in Hyderabad on 26 June

World economy that took elevator down faces steep stairs back up

President of European Chamber in China, Joerg Wuttke, said the recovery isn't V or W, it's looking like the top of a chainsaw — up and down and painful all the way.
A worker wearing a protective mask operates a tape cutting machine at a factory in Haryana on 20 April | Bloomberg Photo

How Indian factories are trying to overcome labour shortages as economy reopens

Some companies are promising free travel tickets, housing & food to draw workers to urban areas, others are hiring new faces from nearby locations.

Refining industry enters ‘age of consolidation’ with ‘catastrophic’ margins

A refinery thrives on the price difference between crude oil and fuels like gasoline, earning a profit that’s known in the industry as a cracking margin.
Representational image | Prashanth Vishwanathan/Bloomberg

All about Odisha’s new credit scheme for 7 lakh landless farmers, a ‘first’ in India

Under the ‘Balaram’ scheme, the Odisha government will provide credit worth Rs 1,040 crore to 7 lakh landless farmers in the next two years.
Martin Wolf, chief economics commentator, Financial Times

India can’t replace China at manufacturing, not without paying more: Economics commentator Martin Wolf

In conversation with ThePrint's Editor-in-Chief Shekhar Gupta, Chief Economics Commentator at The Financial Times, Martin Wolf discussed India's fiscal deficit, banking sector and its potential in the global market.
Martin Wolf, chief economics commentator, Financial Times

India should spend more to revive demand, not worry about deficit: Economy expert Martin Wolf

Speaking at ThePrint's OffTheCuff, Chief Economics Commentator at The Financial Times Martin Wolf said India can afford to increase its debt-to-GDP ratio to 90%, but should avoid borrowing in foreign currency.

Indian lawsuits allege former Wirecard COO played key role in deals later mired in disputes

The suits allege Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund in 2015.

On Camera

Uyghur Muslim women in the Grand Bazaar in Kashgar, Xinjiang, China

TV anchors outrage over Uyghurs in China, but stay quiet about Indian Muslims

After cheering the ban on Chinese apps, the latest coping mechanism of Indian TV news seems to be focusing on the plight of the Uyghur Muslims in China.
Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighborhood of New York, US (representational image) | Michael Nagle/Bloomberg

The next 3 months will reveal how badly global economy has been hit by coronavirus

Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.

Defence

A road bridge built by India between Durbuk and Daulat Beg Oldi in eastern Ladakh (representational image) | Photo: ANI

India, China to hold Corps Commander-level talks on 14 July at Chushul

The talks will focus mainly on the second phase of disengagement along the Line of Actual Control (LAC), said the Indian Army officials.
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.