scorecardresearch
Friday, March 29, 2024
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

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

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.