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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.