Sunday, 17 October, 2021
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Workers load a bundle of sugarcane onto a truck while harvesting the crop in the Jalana district of Maharashtra, India (File photo) | Bloomberg

How cars fueled by ethanol can add to India’s food inflation

While use of ethanol has many advantages for India, diverting sugar for its production may be the biggest change for the global sugar industry and could drive a bull market.

Mindtickle, funded by Softbank, is the latest unicorn in India’s fast growing tech industry

Mindtickle, based in Pune and San Francisco, hit a valuation of $1.2 billion. It provides what it calls sales readiness technology that companies can customise with their own content and data.
File photo of Finance Minister Nirmala Sitharaman | ANI photo

Modi govt finally moves to bury controversial UPA era retrospective tax ghost

Decision will end India’s dispute with Vodafone Plc and Cairn Energy Plc, and in 15 other similar cases. FM Sitharaman notes that the retrospective tax became a ‘sore point’ with investors.
Pooja Goyal | carlyle.com

Mathura summers & sustainability — how Pooja Goyal links both at US investment giant Carlyle

Pooja Goyal, who leads the renewable and sustainable energy team at Carlyle, says sustainable infrastructure is very critical in terms of driving social & economic development.
Vehicles travel past stores in Chennai | Representational image | Photographer: Dhiraj Singh | Bloomberg

As Indians step out to shop, holiday, petrol demand looks at a V-shaped recovery

The urge to break free following months spent cooped up at home is driving up demand for petrol, which climbed above pre-virus levels last month.

Growth, not stubborn inflation, to be focus of RBI policy meeting this week

RBI Governor Shaktikanta Das has maintained that growth is the main challenge and that inflation, while sticky, is only a 'transitory hump.'
Prime Minister Narendra Modi launching the digital payment solution e-RUPI, through video conferencing, in New Delhi on 2 August. | Photo: ANI

What is e-RUPI & how it could be the first step towards launching digital currency in India

These vouchers are person- and purpose-specific, meaning if they are released by the government for the purpose of vaccination, then they can be redeemed only for that. 
Customers stop near children's furniture on display in the self-service furniture area of the Ikea store in Navi Mumbai, Maharashtra | Photographer: Dhiraj Singh | Bloomberg

India’s services sector stuck in contraction for third straight month in July

The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July but was stuck in contraction due to subdued demand conditions amid Covid crisis.
File photo of NSE building in Mumbai | Photo: Dhiraj Singh | Bloomberg

Hope of continued Covid stimulus, economic recovery pushes Sensex, Nifty to record highs

The run-up in stocks comes ahead of the RBI's monetary policy Friday, where interest rates are expected to be left at an all-time low even as inflation rises.
The Bombay Stock Exchange building, one of the sites for the 1993 Mumbai blasts | Representational image | Wikipedia Commons

Market capitalisation of BSE-listed companies hits record high of Rs 238.95 lakh crore

Rallying for second consecutive day, the 30-share BSE index was trading with a gain of 429.33 points or 0.80 % Tuesday. The benchmark index also hit its lifetime peak of 53,402.03.

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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