Saturday, 3 December, 2022
TopicBloomberg wire

Topic: Bloomberg wire

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.

Acquiring Flipkart is one of the many big risk & reward global games Walmart is playing

Walmart is venturing into other ambitious deals in the international market, but the payoff will take patience. 

India’s $35 billion government pension fund sees stock boost

While India's appetite for risk may be less, with the risk, comes the potential for oversized gains - a gamble that is worth it.

Biggest Indian cargo company wants to build an Uber for shipping

Mumbai based Allcargo, reported a drop in profit in four of the past five quarters and is betting on technology to revive volumes and take on overseas rivals such as DHL Worldwide Express. 

As fuel prices touch the sky, Modi govt doesn’t have any pretty options in poll year

Diesel, the most-used fuel in India is more expensive than ever before, and petrol prices also are hovering around record levels in several cities. Controls on diesel pricing were lifted four years ago, after freeing petrol rates first.

China, India agree to avoid military dispute on tense border

Modi and Xi agreed to coordinate more closely so that stability between Asia’s largest and third-largest economies could help boost prosperity in the region.

Dutch car lessor plans more EVs in India amid push for clean air

The company anticipates a five-fold increase in battery-driven cars, says they could comprise more than 10 per cent of India's total vehicles. Dutch car lessor...

How long is a quarter? 6 months if you’re Reliance Jio

When it posted results for July through September last year, Jio’s operating earnings were $220 million. Overall, it had a loss of $41 million, and subscriber numbers were growing 12 percent a quarter.  But, Jio packed six months of sales into one quarter while counting only 3 months of expenses. 

India turns a bad-loan tragedy into a bankruptcy farce

It'll be unfortunate if India's next steel king is decided not on the wrestling mat  — but via walkovers.

On Camera

YourTurn

File photo of Kerala Governor Arif Mohammed Khan | ANI

Arif Mohammad Khan vs Kerala govt isn’t a new faceoff. Old cases show Governor wears two hats

Under UGC provisions, a search committee is appointed to find suitable candidates for the V-C post. Governors make their selection from among these names.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.