Saturday, 1 October, 2022
TopicBloomberg wire

Topic: Bloomberg wire

India’s banking system requires a stronger watchdog

RBI’s supervisory capacity needs strengthening — including better training, more specialization and longer tenures for officials, among other measures that the bank itself has recommended.

New CEO of Infosys says now is the time to sacrifice margins for growth

Infosys has to invest in advanced technology and skills to capture new opportunities. That includes pumping more money into technologies such as the Internet of Things, retraining employees, localising its workforce in the US and building up sales staff.

Barely used Chinese port in Sri Lanka stokes fears of Beijing’s real intentions

The weak performance of the Hambantota port has fueled the impression that it simply serves China’s broader strategic interests to secure crucial trade routes and international supply chains. 

Fortis should put this bid to bed and forget its founders

The founders had taken at least 5 billion rupees of Fortis Healthcare’s cash without board approval. The market regulator, and India’s Serious Fraud Investigation Office, are looking into the company and auditors have refused to certify financial results.

Gems are collateral damage as India bank fraud hurts exports

Gems and jewelry exports fell 16.6 percent from a year ago pushing India’s trade deficit deep into the red and giving more ammunition to rupee...

Modi makes a business trip to Nordic free-trade bastion

The one-day summit in Stockholm is an opportunity for Nordic businesses to sign trade deals with the Modi govt, which has been resistant to deals that could flood India with foreign goods. 

Government is said to ask oil retailers not to raise fuel prices

Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. will have bear a loss of up to 1 rupee per liter on sale of diesel and gasoline.

Somebody should send Axis Bank’s board a ‘thank you’ note

The bank deserves a vote of thanks for helping to create possibly the biggest and juiciest takeover target in the history of Indian banking.

These projects under China’s ‘Belt and Road’ could make the biggest economic impact

Despite the success stories, the Belt and Road programme isn’t without controversy and not all of the projects have succeeded.

Delhi’s IGI among airports that pushed New York’s JFK out of world’s busiest airport list

The Indian airfield is the fastest-growing on the list, with passenger growth at 14 percent, followed by the 10 percent clip at China’s Guangzhou.

On Camera

YourTurn

Wild elephants monitored under thermal UAVs in Maharashtra | RESQ Charitable Trust

We monitored wild elephants, leopards in villages with thermal drones first time in Maharashtra

Whether it's monitoring wildlife, mitigating conflict, capturing of wildlife on field, UAVs are effective tools to complement existing on-ground efforts.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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