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  • Economy

    Embattled Pakistan assures repayment of debt but facts show otherwise

    by Mahua Venkatesh May 12, 2023
    by Mahua Venkatesh May 12, 2023

    Time is running out for Pakistan as the deadline to repay $3.7 billion inches closer. The country’s Finance Minister Ishaq Dar has assured timely repayment of the debt – by …

  • Economy

    Amazon, Flipkart among e-firms in trouble for selling seat belt alarm stoppers

    by IN Bureau May 12, 2023
    by IN Bureau May 12, 2023

    The Central Consumer Protection Authority (CCPA) has issued orders against top five e-commerce platforms for selling car seat belt alarm stopper clips. The clips pose a risk to the life …

  • Economy

    Gold bars worth Rs 2.5 crore seized in Andhra’s Tirupati district 

    by IN Bureau May 11, 2023
    by IN Bureau May 11, 2023

    Officials of Andhra Pradesh Police detained four persons and seized gold bars worth Rs 2.5 crores from their possession in Tirupati district, a senior official said on Thursday. Sullurupeta Deputy …

  • Economy

    Hyundai to invest Rs 20,000 crore in Tamil Nadu for making Electric Vehicles

    by IN Bureau May 11, 2023
    by IN Bureau May 11, 2023

    South Korean auto giant Hyundai Motor said on Thursday that  it will invest Rs 20,000 crore in Tamil Nadu over the next 10 years to expand the production of electric …

  • Economy

    As Pakistan burns, is it heading for a default in replay of the Sri Lankan crisis?

    by Mahua Venkatesh May 10, 2023
    by Mahua Venkatesh May 10, 2023

    Exactly a year ago, Sri Lanka defaulted for the first time in its history. And now as Pakistan’s economic crisis deepens amid its currency crashing against the US dollar with …

  • Economy

    Russia has options to use Indian rupees, FDI and government securities offer new avenues

    by Mahua Venkatesh May 10, 2023
    by Mahua Venkatesh May 10, 2023

    Sanction-hit Russia may use its accumulated Indian currency for investments in government securities or even through foreign direct investment for greenfield or brownfield projects besides expanding bilateral trade as New …

  • Economy

    Expansion of BRICS has a clear message–Global South is all set to drive the global agenda

    by Mahua Venkatesh May 10, 2023
    by Mahua Venkatesh May 10, 2023

    The imminent expansion of the BRICS (Brazil-Russia-India-China-South Africa) bloc could be a game changer. Albeit a slow starter, the group-set up in 2001, is now gaining momentum with several countries …

  • Economy

    iPhone maker Foxconn buys 300 acres plot in Bengaluru to set up factory

    by IN Bureau May 9, 2023
    by IN Bureau May 9, 2023

    Taiwanese electronics giant Foxconn has bought 300 acres of land near the Bengaluru airport, the company said in a filing with the London Stock Exchange on Tuesday as it looks …

  • Economy

    Forget about economy after Imran Khan’s arrest, capping political unrest in Pakistan would be key

    by Mahua Venkatesh May 9, 2023
    by Mahua Venkatesh May 9, 2023

    The arrest of former Pakistan Prime Minister Imran Khan in Islamabad which has already led to violence in several parts of the country, will further dent the crumbling economy. Economic …

  • Economy

    Is US economy in ICU after lawmakers fail to raise life-saving debt ceiling?

    by Mahua Venkatesh May 8, 2023
    by Mahua Venkatesh May 8, 2023

    The spotlight is on Washington. Will it manage to avert a debt default? If the debt ceiling – the maximum amount that a country can borrow — is not enhanced …

  • Economy

    Has Apple’s boss Tim Cook just opened pathway for big corporates to pour into India?

    by Mahua Venkatesh May 7, 2023
    by Mahua Venkatesh May 7, 2023

    Will Apple Inc’s top boss Tim Cook’s India visit drive more multinationals to look at expanding operations in the country? Cook during his visit to India last month launched two …

  • Economy

    Pakistan’s misery continues as IMF goes micro, links loan with deep cleansing of economy

    by Mahua Venkatesh May 7, 2023
    by Mahua Venkatesh May 7, 2023

    The Shehbaz Sharif government, which has not managed to reach an agreement with the International Monetary Fund (IMF) yet for the resumption of the $6.5 billion loan programme, will be …

  • Economy

    India emerges global leader in Services Index ahead of China

    by Mahua Venkatesh May 5, 2023
    by Mahua Venkatesh May 5, 2023

    India has begun the new financial year on a positive note, registering healthy growth in both manufacturing and services sectors. With an S&P Purchasing Managers’ Index for the services sector …

  • Economy

    ED freezes Rs 143 crore worth assets of Manappuram Finance in money laundering case

    by IN Bureau May 5, 2023
    by IN Bureau May 5, 2023

    The Enforcement Directorate (ED) has frozen assets worth Rs 143 crore including eight bank accounts after searching six premises of Manappuram Finance Limited and its Managing Director, VP Nandakumar, in …

  • Economy

    Nirmala asks ADB to drop timid approach, says multilateral lender must think out-of-the-box

    by Mahua Venkatesh May 4, 2023
    by Mahua Venkatesh May 4, 2023

    Issues related to sustainable development and climate change have been the thrust of Finance Minister Nirmala Sitharaman’s deliberations at the Asian Development Bank’s (ADB) annual meeting of the Board of …

  • Economy

    El Nino puts global food security on notice, India’s rice exports likely to drop to meet domestic demand

    by Mahua Venkatesh May 4, 2023
    by Mahua Venkatesh May 4, 2023

    India’s ban on food grain exports will not be lifted anytime soon amid rising concerns over an El Nino situation. After total exports of rice touched 22.28 million tonnes (MT) …

  • Economy

    First oil rake flagged off from Vijayawada Division under PM Modi’s Gati Shakti flagship

    by S.Ravi May 3, 2023
    by S.Ravi May 3, 2023

    The Vijayawada Division of South Central Railway achieved another milestone as it flagged off its first oil rake from the newly commissioned Bharat Petroleum Corporation Ltd Gati Shakti Rail Multi-Modal …

  • Economy

    Hungry Pakistan dismayed as untimely rains ruin rice, maize and sugarcane crops

    by Mahua Venkatesh May 3, 2023
    by Mahua Venkatesh May 3, 2023

    Concerns for Pakistan’s policymakers have risen as heavy rains lashed several parts of Pakistan including the Khyber Pakhtunkhwa and Balochistan, crops. These regions were damaged by heavy floods last year …

  • Economy

    Go First airline stops flights as cash runs out, blames US firm P&W for engine failures in planes

    by IN Bureau May 2, 2023
    by IN Bureau May 2, 2023

    Wadia Group-owned Go First airline will not operate any flights on Wednesday and Thursday as it has run into a financial crisis. The airline has also started insolvency proceedings with …

  • Economy

    Tamil Nadu poised to topple Gujarat from 2nd rank in India’s GST collections

    by IN Bureau May 2, 2023
    by IN Bureau May 2, 2023

    Tamil Nadu is poised to overtake Gujarat in GST collections to claim the number 2 rank in the country as revenue collections in the southern state have been growing at …

  • Economy

    IBM chief sees AI replacing 7,800 hands in global tech giant

    by IN Bureau May 2, 2023
    by IN Bureau May 2, 2023

    Global technology giant IBM (International Business Machines Corp) expects to replace around 7,800 jobs by Artificial Intelligence (AI) in the next five years, CEO Arvind Krishna told Bloomberg News on …

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