In this issue

May 15, 2023

Exports to EU, US grow but Asia, Africa suffer

India's merchandise shipments to certain Asian and African regions contracted in FY23, thus weighing on overall growth in exports.

2 mins

Lobbying by lessors, faulty P&W engines hurt India: Go First

Blames American firm for heavy losses, targets AWG

3 mins

Karnataka Results May Add To Market Volatility

Equity markets could be put through the wringer, following the BJP's pounding in the Karnataka state elections.

2 mins

Vedanta's record dividend to parent strains balance sheet

Vedanta Limited (Vedanta) helping its parent and group holding company Vedanta Resources to deleverage its balance sheet has started to strain its balance sheet.

3 mins

Premium handset sales up as Amazon gets 5G on speed dial

As overall smartphone shipments in India hit the skids, e-commerce giant Amazon India has recorded a 1.7-fold year-on-year (YoY) rise in sales for premium handsets (that costs over $500) during the first quarter of calendar year 2023 (CY23). This rode on the coat-tails of skyrocketing 5G device sales and increasing demand from tier II regions and beyond.

2 mins

Hero Electric is planning to go public by FY26: CEO

Aims at expanding market share, targets 2 million vehicle sales before listing

3 mins

Digital India: A tale of two realities

Lack of tech skills in Indian youth continues to remain a worry

4 mins

Hikal's future is at stake due to promoters, says InGovern

The infighting between the two promoters of HikalBaba Kalyani and sister Sugandha Hiremath- has put the company's growth at stake, InGovern has said in a note. The corporate governance firm has called for a change in the management and an overhaul of its board to protect the interest of minority shareholders, who own almost a third of the specialty chemicals company.

1 min

India far behind in race for electronics exports to US

Unlike competing nations such as Vietnam, Malaysia and Mexico, India has failed to push electronics exports to the US by exploiting the latter's imposition of a punitive 25 per cent duty on key Chinese electronics imports from 2018.

2 mins

Farmers flag crop loss risk if 27 pesticides banned

Panel also says farmers were apprehensive of availability of alternative pesticides

2 mins

Carbon tariff may hurt EU more: Officials

The government is studying the possible impact of the European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM) on India vis à vis other countries, as it gears up to tackle the bloc's move to impose a levy on imported carbon-intensive products.

1 min

Three leading brokers on Sebi, RBI, ED radar

CBI may also be brought in over politically exposed persons' suspected involvement

2 mins

Govt imposes import ban on 928 defence items in self-reliance push

With the aim of promoting aatmanirbharta (self-reliance) in weaponry and defence equipment and minimise imports by defence public sector undertakings (DPSUS), the Ministry of Defence (MoD) on Sunday promulgated a list of 928 strategically important spares and components that would face curbs on their import.

1 min

Modi's busy month of diplomacy

4, FOREIGN VISITS, 40 DAYS: These trips are politically vital. They showcase PM's standing as a world leader to the home electorate.

3 mins

An outsider inside

From a Wall Street poster boy to breaking into the charmed circle of Tamil Nadu politics, is this the beginning of the end or a new start for 'PTR'?

3 mins

G7, EU plan to ban restart of Russian gas pipelines

4 Russian military aircraft crash near border with Ukraine

1 min

Information warfare and its limitations

The best days of information warfare are probably behind us

4 mins

Karnataka pendulum may keep markets swinging

Equity markets could be put through the wringer, following the Bharatiya Janata Party's (BJP's) pounding in the Karnataka state elections.

2 mins

Improving JLR outlook places Tata Motors in the driver's seat

Margin expansion targets for all units, debt reduction are other positives for the stock

2 mins

India's Quantum dreams

With the National Quantum Mission, India hopes to accelerate breakthroughs in medicine, logistics, and finance, solving complex problems faster than ever before

4 mins

Fighting Covid-19 pandemic, the RBI way

On May 5, WHO announced the end of the global health emergency triggered by Covid pandemic. How did the Reserve Bank fare during this period that changed the ways of the world?

5 mins

RBI, green finance, and the blue planet

The central bank's report seeks to nudge banks and financial institutions to catalyse risk mitigation from climate change

3 mins

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