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A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai | Dhiraj Singh | Bloomberg

Sensex drops for sixth straight day, plunges by 1,115 points

Barring Hindustan Unilever, all Sensex components ended in the red. Similarly, the NSE Nifty crashed 326.30 points or 2.93 per cent to close at 10,805.55.
Illustration by Soham Sen | ThePrint

Modi is now using India’s market size as a strategic weapon, like China has done for long

Self-reliance plan is hitting China where it hurts, while Trump has stood by India despite trade irritants & oil exporters have honoured Modi to keep him happy.
Workers prepare reinforcing steel Mumbai

How Indian companies cutting capital spending is set to prolong economic slump

Capital investments make up about a quarter of GDP & lower expenditure could weigh on economy in long-term, including denting potential growth rate of 7%-8%.
A shop that reopened in May at Delhi's Nai Sarak | Photo: ANI

Indian business outlook is the worst in the world, survey finds

The business activity net balance fell sharply to -30% in June from +26% in February, according to IHS Markit India Business Outlook survey results.
Visitors pass a sign at the entrance to the Wirecard AG headquarters in Munich 25 June

Pine Labs weighs bid for fallen Wirecard’s business in India and southeast Asia

Wirecard was forced into insolvency by an accounting scandal. Several of its subsidiaries -- including those in Asia -- weren’t part of the insolvency filing.
A woman tries on gold bangles at a jewellery store | Representational image | Photo: Dhiraj Singh | Bloomberg

Gold sales in India unlikely to revive before September

Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.
Prime Minister Narendra Modi during his address to the nation on coronavirus pandemic in New Delhi, Thursday | PTI

Modi magic goes missing for stocks in his second term as PM, values shrink 25%

Modi’s reputation as an economic reformer fuelled an increase of almost 50% in equity market capitalisation during his first 5 years in office.
Sensex

Sensex zooms over 1,400 points after PM Modi announces Rs 20 lakh crore stimulus package

Similarly, Nifty soared over 9,400 points. ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent.
A man stands outside the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

Foreign portfolio investors withdraw record Rs 1.1 lakh crore from Indian markets in March

The outflow of funds in March amid the Covid-19 pandemic comes after 6 consecutive months of investment by FPIs.
Sparse crowd at Dadar market in Mumbai on 18 March

Sebi gives 45-day relaxation to companies for filing Q4 results amid COVID-19 spread

Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.

On Camera

Woman working on a laptop (Representational image) | Flickr

Is it ‘shirk from home’? Jury’s still out as Europe begins working from home again

There is no evidence yet of mass remote work’s impact in the longer term on company productivity, but the current outlook is mixed at best.

Harley Davidson to discontinue sales and manufacturing operations in India

Harley’s decision comes weeks after Toyota Motor Corp. said it won’t expand further in India due to the country’s high tax regime.

Defence

File photo of Army Chief General M.M. Naravane at Leh to review security situation and operational preparedness along the Line of Actual Control in Eastern Ladakh | Photo: Twitter/@adgpi

Indian soldiers at LAC have go-ahead to open fire in self-defence, India tells China

With no signs of disengagement on the ground in Ladakh, where India and China have been locked in a stand-off since April, both sides will stay dug in during the region’s bitter winter too.
Illustration: Soham Sen | ThePrint

Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?

It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?