Thursday, 19 May, 2022
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Economy

Boeing without 737s is like Coca-Cola without Diet Coke

Making & servicing commercial airplanes accounts for about 80% of Boeing’s operating income & 737 series accounts for about 70% of commercial deliveries.

Struggling global economy just got a double shot in the arm for 2020

Outlook for global growth will enter 2020 on a firmer footing after US and China struck a partial trade deal and outlook for Brexit cleared somewhat.

Modi risks losing focus on Indian economy as protests over citizenship law intensify

RBI has cut interest rates five times this year to support growth. Still, there’s little sign of a revival with consumer demand and investment remaining weak.

Porsche bets rich Indians will pay to show off electric cars

Porsche, which sells 350-450 cars a year in India, is looking for a boost to those figures when it launches its new Cayenne Coupe this week & Taycan by July 2020.

CAG flags widespread irregularities in Modi govt’s marquee LPG scheme

CAG lists allocations to unintended beneficiaries, diversion of domestic cylinders for commercial use and bogus allocations to non-existent households among other issues.  

After 50% returns this year, 2020 expected to be even better for Indian IPOs

Amid India’s NBFC crisis, market participants expect more financial companies to list shares next year to raise funds or meet regulatory requirements.

Finally, some good news: NBFCs show signs of recovery, indicating credit crisis could ease

Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October.

Gold smuggling on the rise as high prices, higher taxes boost appeal of the yellow metal

Illegal inflows have jumped after the Modi government increased import taxes in July and prices surged to record highs in September.

Retail inflation rises to over 3-year high of 5.54% in November

The inflation based on Consumer Price Index (CPI) was 4.62% in October, and 2.33 % in November 2018.

Newest bank to list, Ujjivan Small Finance debuts with as much as 70% in IPO

Ujjivan Small Finance shares climbed as high as Rs 62.80 before closing the session at Rs 56 in Mumbai, up 51% from the IPO price.

On Camera

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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