Sunday, 17 October, 2021
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CoinDCX becomes India’s first cryptocurrency unicorn, sees another 100+ in coming years

The funds, which co-founder Sumit Gupta plans to use to double his team in 6 months, comes as Indian policymakers debate status of digital currencies while govt is yet to take a final stance.

Money fleeing China may avoid Indian stocks as they’ve become pricey, UBS says

UBS predicts Nifty 50 Index will fall to 15,500 by June end 2022. Current surge has Nifty trading at 21.3 times estimated 12-month earnings, much higher than its 5-yr average of 18 times.

India’s imports from China rise despite boycott calls, pandemic. But this may not last

There has been a surge in China’s share in India’s trade basket by almost 3 percentage points for imports and 2 percentage points for exports.
Tamil Nadu finance minister Palanivel Thiaga Rajan | Manisha Mondal | ThePrint

Country not run by IAS, politicians must be accountable, Tamil Nadu FM says ahead of budget

Tamil Nadu Finance Minister in an exclusive interview with ThePrint says the 13 August state budget will be a vision document, different from the 'irrelevant' Union budget of the past few years.
File photo of Prime Minister Narendra Modi | PTI

Modi asks Indian missions abroad to make big push for ‘Brand India’, eyes export, manufacturing boost

In address to heads of Indian missions and other trade and commerce stakeholders, Modi cites scrapping of retrospective tax as a sign of consistency in govt policies.

Rate cut on housing loans, commercial real estate bodes well for economy, RBI Governor says

While announcing the third bi-monthly monetary policy review Friday, RBI Governor Shaktikanta Das said reduction on lending rate has reduced the burden on households.
RBI Governor Shaktikanta Das addresses a press conference in Mumbai June 2021 | ANI

Consumer confidence returning, RBI in ‘whatever it takes’ mode to ensure recovery, says Das

Inflationary pressures are 'transitory', preemptive measures to check inflation could kill India's nascent and hesitant economic recovery, says RBI Governor Shaktikanta Das.
Emissions rise from chimneys at the ONGC Uran plant in Maharashtra | Photographer: Dhiraj Singh | Bloomberg

The era of cheap natural gas ends as prices surge by 1,000%

Surging natural gas prices means it will be costlier to power factories or produce petrochemicals, rattling every corner of the global economy and fuelling inflation fears.
The Reserve Bank of India (RBI) logo | Bloomberg

RBI keeps repo rate unchanged at 4% for 7th time in a row

RBI Governor Shaktikanta Das says Monetary Policy Committee unanimously decided to continue with accommodative stance to support growth, keep inflation within target.
Saurav Saini prepares to make delivers in a Mahindra Treo Zor Ev at a BibBasket warehouse in Noida, India, on 28 June| Bloomberg

Big Basket, Amazon, Flipkart are struggling to find e-vehicles for their delivery fleets

India’s delivery giants are finding there aren’t many models available that can be deployed at scale, and what supply there is can’t keep up with demand.

On Camera

YouTurn

The Finance Ministry at North Block in New Delhi | ANI Photo

Apple plans satellite features for iPhone that allow emergency calls

Apple has been working on satellite technology for years, with a team exploring the concept since at least 2017. However, the feature is unlikely to be ready before next year. an Francisco: Apple Inc.’s push to bring satellite capabilities to the iPhone will be focused on emergency situations, allowing users to send texts to first responders and report crashes in areas without cellular coverage. The company is developing at least two related emergency features that will rely on satellite networks, aiming to release them in future iPhones, according to a person with knowledge of the situation. Apple has been working on satellite technology for years, with a team exploring the concept since at least 2017, Bloomberg has reported. Speculation that the next iPhone will have satellite capabilities ramped up this week after TF International Securities analyst Ming-Chi Kuo said the phone will probably work with spectrum owned by Globalstar Inc. That’s led to conjecture that the iPhone will become something akin to a satellite phone,...
The Reserve Bank of India (RBI) logo | Bloomberg

RBI to penalise banks if ATMs run out of cash from 1 October

The scheme has been formulated over concerns of inconvenience caused to the public and to ensure that sufficient cash is available through ATMs, RBI said in a circular.

Defence

‘Will pull India into a vortex’ — why Delhi is unlikely to heed ‘Afghan demand for air support’

While no active military aid is being discussed, ‘benign support’ like maintenance of equipment, training and spare parts has been under discussion between India and Afghanistan.

Caste, ethnicity, religion – United colours of Indian hockey prove the game thrives in inclusivity

It's impossible to field an Indian hockey team that doesn’t reflect the diversity, the united colours, better than any other. Shows that a sport, or a nation, will prosper with growing inclusivity.
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