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Tuesday, March 26, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Fuel price cut can bring more pain for Indian oil refineries

Analysts say that retail prices of petrol and diesel in India are still Rs 3-4 rupees a litre lower than they should be given global spot prices.

IL&FS troubles increase as more defaults reported, shows takeover not an instant fix

IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4

India’s motorbike makers brace for tricky terrain ahead

India’s makers of motorbikes, mopeds and scooters face a fork in the road as volumes rise and margins shrink.

Equity investors hold cash as they fear another RBI rate increase today

Investors expect RBI to increase borrowing costs & want to have plenty of money to deploy when it’s time to invest again.

The untold story behind Modi government’s shock takeover of IL&FS

The Modi govt had been monitoring IL&FS for two weeks and decision to oust its board was taken by finance minister Arun Jaitley.

Iran’s oil buyers like India were hoping for Obama-era waivers but get Trump shock

Govt officials in India & South Korea say Washington isn’t willing to give waivers for mere import reductions. It wants a complete purchase halt.

Lesson from IL&FS crisis: Indian finance firms need to hold assets that can be collateral

Lenders like IL&FS have amassed large balance sheets but their assets can’t be easily pledged even in normal times.

IL&FS crisis shows easy money era is over in India

Rising borrowing costs are putting pressure on lenders like IL&FS & on debt-focused mutual funds that are liquidating holdings.

Offered PM Modi free solar power after 25 years: SoftBank CEO Masayoshi Son

Son also said that power from the projects will be free after the end of the initial 25-year power purchase agreements.

Indian tax revenues fail to meet targets five months in a row, raise doubts on borrowing plan

Traders say the gap between the target and actual collection may undermine the government’s plan to cut its borrowing for the year by 700 billion Rs.

On Camera

Mamata Shankar stuck in Dark Ages. Gen Z showing India there’s no one way to wear a saree

In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.