Tuesday, 7 December, 2021
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Emerging market firms are new darlings of investors as US multinationals fall out of favor

It is highly likely that investors have realised the U.S. market has become very expensive. And, the cash yield offered by S&P 500 companies can no longer keep pace with rising interest rates.

India’s 7% growth tide is not lifting every boat in the stock market’s ocean

The country’s market value may have doubled to $2.3 trillion in five years but company earnings show only few have reaped the growth.
Outside the Bombay Stock Exchange (BSE) in Mumbai, India

High crude oil prices and risk of fiscal slippage has made India’s bond market nervous

India is struggling to keep international investors interested. An uncharacteristically bold concession from the central bank shows the extent of desperation. The 10-year U.S. bond yield breaking through the 3 percent danger level worries India, as it does every emerging market. Still, the price that sends policy makers in New Delhi and Mumbai into paroxysm isn’t that of global capital, but of a commodity: oil. With Brent crude flirting with $75 a barrel, the panic is already beginning to show. Crucial state polls in Karnataka are due next week and general elections are only a year away. No surprise then that the Indian government appears to have instructed state-run oil marketers who control most retail sales not to raise pump prices. The price caps, as Bloomberg Intelligence analysts note, will have either of two effects: Year-end dividends from oil companies to the taxpayers will be hit as their earnings collapse; or, if the government chooses to cut $44 billion in excise duties to spare...
A woman worker in Odisha | Commons

Modi mapping invisible jobs to help measure India’s real growth

For the first time, the government's labour survey will include the country's vast informal sector, but not everyone is convinced it'll signal creation of new jobs.
Women employees work in an HDFC Bank Ltd. branch in Mumbai, India | Bloomberg

India’s economy will not work until its women do

Sri Lanka, Bangladesh and Nepal all doing better in harnessing women’s economic output than India which is second only to Pakistan.
Petrol refinery

High oil prices and a weak rupee indicate that the RBI may change interest rates soon

The rupee is Asia’s worst performing currency this year, and it will be further affected by higher global crude oil prices. The central bank may need to act early to maintain macro-economic stability.

Why spotting the elusive snow leopard in Ladakh is like peekaboo with a ghost

The incredibly rare snow leopards of Ladakh are thankfully off the endangered species list since last year. The increase in their numbers is drawing visitors in multitude to the magnificent cat’s Himalayan abode. On my sixth day in the mountains, a pair of Tibetan wolves emerges from the frozen valley and saunters past, just a few hundred yards away. Minutes ago, I was sipping warm masala chai; now I’m holding my camera in the biting cold. The duo is bold to come this close, but it’s only because they don’t fear being shot by anything other than my Canon Rebel DSLR. Their coats—patches of red, brown, and white—keep them blended, a rippling optical illusion. One wolf disappears into the rocks; the other trots up the ridge. Silhouetted against the sun, he lets out a howl few have heard in the wild. And when he howls, I howl back. “Not bad for breakfast,” whispers...
Chinese President Xi Jinping with Malaysian PM Najib Razak

Relax, India. There’s a bigger China bet than Pakistan

Even though China has pledged the largest sum to Pakistan for CPEC, Malaysia has quietly raced ahead of the pack in securing Chinese money for infrastructure projects. 
Petrol Pump

India’s oil import addiction is the slick to the economy

The country’s reliance on monsoon and oil prices equals a not so sunny current account deficit.

India among world’s top five defence spenders, thanks to tensions with China

New Delhi saw an increase of 5.5 per cent in defence spending in 2017. However, this doesn't mean the armed forces are deploying state-of-the-art equipment.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.