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General Economy Ahead of GDP Figures

Modi govt plans big incentives to attract foreign manufacturers from Tesla to Glaxo

Modi govt proposes to provide the manufacturers land to set up a factory along with power, water and road access, according to a draft plan.
India’s malt-based hot drinks segment is estimated to be worth 78.7 billion rupees ($1.1 billion), according to Euromonitor International. Rob Dawson/Bloomberg

Unilever adds Horlicks in $3.8 billion deal for Glaxo India

Glaxo rose 1.4 per cent in early trading in London. Unilever rose 0.6 per cent in Amsterdam. Unilever agreed to acquire GlaxoSmithKline Plc’s Indian consumer business, including malted milk drink Horlicks, for 3.3 billion euros ($3.8 billion) to boost its footprint in one of the world’s fastest-growing major economies. It’s one of the Anglo-Dutch company’s largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope. It’s also the first major deal since a plan to combine the company’s headquarters in the Netherlands collapsed under investor pressure in October. The transaction strengthens Unilever’s presence in the emerging markets that account for about two-thirds of its revenue. The Dove soap maker will use cash and shares of its Indian subsidiary to take control of a new venture that includes Glaxo’s listed entity in the country, where Unilever has been selling products since the...

On Camera

Representational photos | Hindu priests perform evening prayers at Dashashwamedh Ghat in Varanasi | Kanishka Sonthalia/Bloomberg

Want to preserve secularism in India? Well, preserve the Hindu ethos first

Secularism in the Indian context would mean maintaining equidistance from  all religions. Unfortunately, that equidistance never happened.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.

Defence

Union Defence Minister Rajnath Singh | Photo: ANI

Artillery guns, assault rifles, AFVs — Here’s a list of 101 items MoD won’t import in future

Contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next six to seven years.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.