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Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

Traders pin hope on festive season sales, focus on cars, home appliances, low-value gold

Production and inventory levels are up. However, traders expect this season to see change in purchase patterns amid the pandemic and missing Chinese goods.
Daily life in India's villages | Photo: Prashanth Vishwanathan/Bloomberg

India’s rural consumption down 15%, growth reduces to less than half of 2018, says Nielsen

The Nielsen report found that the economic slowdown is worse in northern India, which has a higher dependency on the rural segment and has seen a surge in unemployment.
Maruti Suzuki India Ltd's Manesar plant| Photographer: Sanjit Das | Bloomberg

Maruti Suzuki’s car sales in India drop to lowest in seven years

Maruti Suzuki suffers from a stale portfolio, but the drop also indicates that the slowdown in Asia’s third-largest economy may be worsening.
(Photo for Representation)

Netflix isn’t the world’s most valuable media company any more

With its current market cap of $153.8 billion, Netflix again provokes concerns that it has become an investment bubble.

On Camera

File image of BSE building at Dalal Street, Mumbai | Commons

How PSU’s market cap fell by 36% in 6 years under Modi govt, while stock market doubled theirs

In episode 605 of #CutTheClutter, Shekhar Gupta parses numbers to highlight how public sector firms and banks lost Rs 6.9 lakh crore in value in 6 years.
Gold jewellery (Representational image) | Bloomberg

Gold sales this festival season to be India’s worst since 2008

Covid and weak economic growth are likely to push sales below last year’s 194 tons to the lowest quarterly numbers since 2008, according to a consultant at Metals Focus Ltd.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.