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India’s first $10 billion foreign bond debt sale mired in confusion amid internal divide

The plan ran into opposition from the start, with former central bank officials and a key political ally of Modi arguing that India wasn’t ready for an overseas sales.

The funds raised thus can flow out of fixed deposit to the SPV if the public buys the bonds, it said, adding this will not have an impact on bank deposits or credit growth. (Representational image) News

Sensex, Nifty fall for 6 days in a row; longest losing streak in over 2 months

The central bank has said it detected “signs of fragility” in some financial firms and is monitoring to prevent contagion and a potential surge in bad debt.

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Bimal Jalan backs Modi’s sovereign bonds after Raghuram Rajan, others diss it

Former RBI governors C. Rangarajan and Raghuram Rajan have viewed the plan with skepticism, with the latter saying foreign currency debt has no real benefit and is fraught with risks.

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World’s best restaurant stock isn’t Starbucks or McDonald’s but this Thai food joint

After You’s rally has helped propel the company to become the biggest in Thailand’s Market for Alternative Investment.

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India must tap on youth potential to drive economic growth before time runs out

The nation’s population in the under-19 age group has already peaked, government data show. That means the labour force will grow more slowly from here on out.

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Apple reportedly in talks with Intel for modem chip unit

Apple is building its own cellular modems for devices like the iPhone, iPad and Apple Watch in part to eventually reduce its reliance on buying parts from Qualcomm or others.

Industry News

Amazon lands in trouble again: Hit with consumer complaint over Prime Day endorsements

Washington-based Public Citizen asked the Federal Trade Commission in a letter dated Tuesday to examine the online retailer’s associates program, which is used by Amazon to build word-of-mouth sales on the platform.

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HPCL says trade war and US shale to keep lid on oil prices

Brent crude will likely remain in a range of $60 to $70 a barrel and could fall toward $60 if demand worsens, said Mukesh Kumar Surana, the chairman and managing director of Hindustan Petroleum Corp.

Brent crude futures climbed 79 cents, or 1.3%, to settle at $63.26 a barrel. News

Uber profits slow down as riders take cheaper rides

The company, which went public in May, will need to fend off “tough and persistent” rivals that cater to price-conscious consumers.

Industry News

After Christine Lagarde, who will lead the world’s most important economic job?

If global leaders want the IMF to achieve its mission of ensuring international financial stability, they should end this stitch-up and choose the best person for the job.

Christine Lagarde (Reuters File photo) News

RBI’s easing is more than India’s rate cut, suggests Shaktikanta Das

The RBI has been the most aggressive central bank in Asia this year to ease policy to support growth amid low inflation.

The central bank’s switch to an accommodative stance in June in itself amounts to a 25 basis-point cut (Reuters File photo) News

Tear gas, attacks and China’s warnings fuel Hong Kong anxiety

The incidents underscored a gathering sense of political crisis in the former British colony, which has been wracked by weeks of mass demonstrations and unrest, including the ransacking of the local legislative chamber earlie

Police fired smoke canisters to clear Hong Kong’s streets late Sunday after demonstrators defied government requests to cut short another large and otherwise peaceful march through the Asian financial hub. (Image: Bloomberg) News

Donald Trump is the face of ‘racism and exclusion’, says Siemens CEO Joe Kaeser

“I lived in the USA for many years and experienced freedom, tolerance and openness as never before,” said Kaeser, whose past jobs include a stint at a Siemens unit in San Jose, California.

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Thousands set to turn out for anti-government march in Hong Kong

The march, initially planned to start at Victoria Park in Causeway Bay and end at the city’s Court of Final Appeal in Central, will now finish in Wanchai, after an Appeal Board on Public Meetings and Processions’ ruling S

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Cellphones a flight risk? Could be on some Boeing jets

Boeing Co. found the interference in a laboratory test in 2012 and hasn’t seen similar issues on other aircraft, a company spokesman said.

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Jet Airways: Insolvency administrator invites resolution

Last month the National Company Law Tribunal agreed to hear an insolvency case and once Jet Airways is declared bankrupt the chances of any meaningful recovery by the banks diminish.

The carrier, once the nation’s biggest by market value, hasn’t flown since April after running out of cash. (File photo) News

Google settles job seekers’ age-bias claims for $11 million

Lawyers for the company and attorneys representing the over-40 job seekers who sued submitted a final settlement proposal Friday to a federal judge in San Jose, California.

The settlement also calls for the Alphabet Inc. unit to train employees and managers about age bias, to create a committee focused on age diversity in recruiting and to ensure that complaints are adequately investigated. News

Screen weak pills to save drug costs

It is easy to assume once we’re taking a drug that we would have been sicker, or dead, if we weren’t taking it. But in some cases, we would have been fine—or better off.

Opinion News

Battle against global warming: California city bans gas from new homes

In California alone, more than 50 cities are considering banning the fuel’s use in all new construction, according to the Natural Resources Defense Council.

Environmentalists are hailing it as the first city to enact such a prohibition, opening up a new front in the battle against global warming. (Representational Image) News

Indian unicorns need to be more hip as Chinese startups are impressive and leading

India’s startup scene is relatively new compared with China’s, and its economy is much smaller despite their populations being of similar size.

Start Up India, DVRs, ESOPs, Differential Voting Right Shares News

Essar ruling hurts India’s debt market

Many twists and turns taken in the Essar bankruptcy has led to India attracting foreign distressed-debt specialists to help clean up its $200 billion-plus of bad loans

NCLAT, Essar Steel, financial express,  financial express opinion, Essar Steel nclat, Essar Steel india ltd, Essar Steel insolvency News

Yes Bank में इस एक शख्स के डूब गए 7000 करोड़, 10% शेयरों का है मालिक

पिछले 11 महीनों में यस बैंक (Yes Bank) के शेयरों में आई गिरावट से निवेशकों की करीब 75 हजार करोड़

This banker's wealth erodes by 1 billion dollar in yes bank News

Yield-hungry foreigners find ready sellers in local banks; snap up India debt

Sovereign Indian yields have tumbled to the lowest in more than two years as the market welcomed Finance Minister Nirmala Sitharaman’s unexpected move to tighten the fiscal-deficit target.

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Yes Bank founder Rana Kapoor suffers $1 billion loss as lender slumps

Rana Kapoor's net worth dropped to $363 million from $1.4 billion on Aug. 20, according to the Bloomberg Billionaires Index.

Rana Kapoor says not trying for seat on Yes Bank board News

भारत में जल्द ही लॉन्च हो सकता है WhatsApp Pay, RBI नियमों के ​पालन के लिए तैयार है फेसबुक

वॉट्सऐप पेमेंट्स सर्विसेज (WhatsApp Pay) के भारत में लॉन्च होने का लंबे वक्त से इंतजार किया जा

WhatsApp Pay launch in India imminent as Facebook readies for RBI compliance News

WhatsApp Pay launch in India imminent as Facebook readies for RBI compliance

WhatsApp is moving into a crowded and competitive field, where local startups and global players are already slugging it out

Industry News