Thursday, 19 May, 2022
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Another whistleblower accuses Infosys CEO of misdeeds

The Infosys whistleblower, who claims to be an employee in the finance department, urged the board of directors to take action against CEO Salil Parekh.

SBI revises full-year GDP growth forecast to 5%, and 4.2% for July-September quarter

The full-year GDP growth forecast is 1.1% lower than SBI’s earlier projection of 6.1%, and one of the lowest predicted by any institution so far.

To fight China monopoly, Modi govt to speed up approvals for 4 mega bulk drugs parks

Bulk drugs are raw materials for the manufacture of drugs, and Indian drug makers import around 70% of their total requirement from China.

The 2020 economy should feel a lot better

The Fed's monetary policy and other catalysts, including Boeing's push to manufacturing, will help the US economy in 2020.

Tata Group approaches BMW, China’s Geely in hunt for partners for Jaguar

Tata Group has said it’s open to finding partners for JLR to save on costs and share the burden of investing in electric vehicles.

GDP growth could drop below 5% in Q2 as factory output sees biggest contraction since 2011

Index of Industrial Production contracted by 4.3% in September, with most sectors witnessing a decline. Economists don’t predict a rosy future either.

Industrial production contracts 4.3% in Sept due to poor performance in manufacturing sector

Factory output, which is measured in terms of Index of Industrial Production, had expanded 4.6% in September 2018.

Income Tax dept to seek Rs 1 trillion cut in tax collection targets

The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.

NBFC crisis turns bonanza for gold loan financiers Manappuram, Muthoot

Indians are increasingly pawning their family jewellery to get cash amid a fundraising crunch at NBFCs.

This is India’s most expensive stock – but investors still love it

Investors value ability of Asian Paints to churn out record profits when other consumer-oriented companies have warned of the impact from slowdown.

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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