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Will migrant rage hurt Modi? Bihar election will be NDA’s first big test

They’ve struggled to access the $277 billion support package announced by Finance Minister Nirmala Sitharaman, which promised cheap credit to farmers, direct transfer of money to the poor and easier access to food security

Founder who turned down SoftBank set to become billionaire

Sugaya started his own company, Optim Corp., which now provides business-management platforms using artificial-intelligence and internet-of-things technologies.

Delhi overwhelmed by Covid-19 cases after city eases lockdown

“The message from the government is clear,” said Bhatti. “Protect yourself if you can. The government has washed its hands off the crisis.”

Just one milestone left for S&P 500: Erasing the pandemic rout

A rotation in recent weeks from growth to value, large cap to small cap, and stay-at-home winners to economic recovery beneficiaries has pushed the benchmark higher.

Coronavirus upends 20 million lives in Mumbai as labour, workers flee India’s financial hub

A plague-era law is being used to draft doctors into the coronavirus fight, and calls are increasing to decongest infection hotspots including Asia’s most crowded slum.

Borrowing costs for NBFCs finally start to fall, helped by aggressive economic policies

The government in mid-May announced 3 trillion rupees ($39.7 billion) of collateral-free loans to the nation’s small businesses and a 750 billion rupee special credit line for the shadow banking sector.

Can the US end China’s control of the global supply chain?

In the end, the biggest force diluting China’s position in the global supply chain will likely be the long, slow evolution of global trade, as companies see opportunities that arise from new markets, new technologies and ch

Modi’s ‘vocal for local’ call is a wrong turn for coronavirus-hit India

The U.S.-China tensions — over trade, intellectual property, Covid responsibility and Hong Kong’s autonomy — offer a perfect backdrop. A dire domestic economy and trouble at the border provide the foreground.

Covid-19 impact: China’s employment outlook expected to weaken in third quarter

Despite the worsening situation, China’s labor market outlook remains relatively strong globally, lagging behind only Japan and India, and at the same level as the U.S. and Taiwan, the survey noted.

Speculative fervor in U.S. stocks surges to ‘stunning’ levels

Monday’s rally in U.S. stocks pushed the S&P 500 back into the green for the year as easing lockdowns bolstered optimism on an economic rebound.

Shutdown jitters pale next to inflation fears: Robert Burgess

The strategists at Bloomberg Intelligence conclude the recent action is more characteristic of a normal bull market than irrational exuberance.

Similarly, as per the data, food inflation stood at 5.88 per cent against 6.56 per cent in the previous month and 5.21 per cent in May 2019.

AstraZeneca approaches Gilead about potential merger

AstraZeneca Plc has made a preliminary approach to rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal on record.

Regeneron extends its run as S&P 500’s top stock after Covid-19 drug update

Regeneron Pharmaceuticals is building on its position as the best performing stock in the S&P 500 this year.

The Gated Republic: How system is driving Indian masses away from govt services

In this excerpt from his book The Gated Republic, Shankkar Aiyar talks about how persistent disillusionment with a failing system is driving Indian masses away from government services.

Earlier, the government wanted to restrict testing significantly; while the Lieutenant Governor (L-G) rescinded this, testing protocols are back to the ICMR ones that are also restrictive.

U.S. hiring rebounds, defying forecasts for surge in joblessness

The data show a U.S. economy pulling back from the brink as states relax restrictions and businesses bring back staff amid record government stimulus.

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RBI pushes back billionaire Hinduja brothers’ plan to raise stake in IndusInd Bank

The Reserve Bank of India has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said, asking not to be named as the information is not public.

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AirAsia exploring fund raising, joint ventures, additional investment options amid coronavirus squeeze

The Malaysian budget carrier is in talks with “a number of parties” about joint ventures and collaboration that may lead to additional investment, it said in a statement.

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Bharti Airtel mounting a comeback, after Mukesh Ambani’s Reliance Jio took top spot in telecom wars

Bharti Airtel Ltd. is the best performer on India’s stocks benchmark this year, jumping 26% and reaching a record on May 19, amid optimism the carrier will continue to attract bigger-spending users.

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Forced savings during coronavirus lockdown to aid India’s borrowings: HSBC

Before the pandemic arrived, India’s gross savings rate had dipped to a more than decade-low of 30.1% in 2019, down from 37.8% in 2008, as companies, government and the consumers splurged.

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Now the coronavirus hotspot of Asia, India may find it tough to get back to 8% growth

The blow from a virtual shutdown of a nation of 1.3 billion people has been so severe that economists are struggling to forecast how long it will take to recover.

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Kuwait doesn’t want to be an expat-majority nation anymore; wants to slash migrant population

Foreigners account for nearly 3.4 million of Kuwait’s 4.8 million people, and “we have a future challenge to redress this imbalance,” Sheikh Sabah Al-Khalid Al-Sabah told the top editors of local newspapers on Wednesday

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US Stock Market: S&P 500 is up nearly 40% in the last 50 days

The stock market is primarily focused on a single thing which is the restart of U.S. and global economic activities.

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The Mighty U.S. Dollar Is Having a Wobble: Marcus Ashworth

The Federal Reserve has saved the financial world with its unrelenting monetary packages, pumping in $3 trillion in the past three months.

Billionaire Richard Branson may sell Virgin Galactic shares worth $200 mn to save business empire

Richard Branson is considering selling another chunk of his stake in Virgin Galactic Holdings Inc., a move that could provide about $200 million to support his broader Virgin business empire.

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Trump admin to probe India’s digital taxes, wants to know if Modi is biased against US tech firms

The Trump administration is starting investigations into digital services taxes considered by several trading partners from the European Union to India that could lead to tariffs being imposed on the countries’ exports to t

President Donald Trump announces US to donate ventilators to India called Prime Minister Narendra Modi "good friend"

Kremlin has ‘more questions than answers’ on Donald Trump’s G7 invite

Trump said Sunday that he’d like to invite leaders from Russia, Australia, India and South Korea to attend the G-7 meeting, calling the current setup “outdated.”

Trump also discussed Brazil’s participation in the G-7 meeting during a call with President Jair Bolsonaro on Monday, the Brazilian leader said in a Twitter post.

तलाक से 24,000 करोड़ की मालकिन बन गई ये महिला, रातोंरात दुनिया के अरबपतियों में हुई शामिल

तलाक से एक और महिला अरबति बन गई है. यह एशिया के सबसे महंगे तलाकों में शामिल है.

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