Category: Business

Business

Data | The problems with the Prime Minister’s economic claims

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Data | The problems with the Prime Minister’s economic claims

Official rhetoric on India becoming a $5 trillion dollar economy has resumed, with the Prime Minister’s remarks at the BRICS conference last week. However, these claims are riddled with problems. | Photo Credit: Reuters Addressing the BRICS Business Forum Leaders’ Dialogue at Johannesburg last week, Prime Minister Narendra Modi said, “Soon, India will become a…

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Business

RBI Authorises Bandhan Bank For Disbursing Civil Pension

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RBI Authorises Bandhan Bank For Disbursing Civil Pension

New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…

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Business

Delivery workers live in precarity, but are slightly better off than the average urban worker: report

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Delivery workers live in precarity, but are slightly better off than the average urban worker: report

The report has been funded by the Indian arm of Prosus, the largest shareholder of food delivery platform Swiggy. Image for representation purpose only. File A report released on Monday by the National Council for Applied Economic Research (NCAER) delivered detailed insights on the tenuous place in the urban economy of food delivery workers —…

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Business

Stock markets close higher for 2nd day; power, metal shares lead gains

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Stock markets close higher for 2nd day; power, metal shares lead gains

Benchmark stock indices Sensex and Nifty closed higher on Tuesday, marking their second straight day of gains as metal and power and select financial shares advanced. Losses in index majors Reliance Industries, ICICI Bank and Airtel, and foreign fund outflows restricted gains, analysts said. Rising for a second straight day, the BSE Sensex rose by…

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Business

Disney gambles on free cricket to turn the tables in streaming war

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Disney gambles on free cricket to turn the tables in streaming war

Walt Disney is attempting to revive the fortunes of its streaming business in India by offering free cricket on smartphones, betting that the strategy will boost advertising revenue and offset the impact of a subscriber exodus. The India streaming operations, which were Disney’s biggest last year globally by users, posted a loss of $41.5 million…

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Business

Rupee rises 2 paise to 82.61 against US dollar

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Rupee rises 2 paise to 82.61 against US dollar

At the interbank foreign exchange, the domestic unit opened at 82.58, then touched the lowest level of 82.62. File | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to 82.61 against the US dollar in early trade on Tuesday amid a weak American currency against major rivals overseas and positive domestic equity markets. Retreating…

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Business

Markets climb in early trade; extend rally for second day running

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Markets climb in early trade; extend rally for second day running

The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. File | Photo Credit: Reuters Equity benchmark indices began the trade on an optimistic note on August 29, extending their previous day’s rally, amid firm trend in global markets. The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. The NSE Nifty gained 71.85…

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Business

Loanable funds theory: how interest rates are determined in the loan market 

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Loanable funds theory: how interest rates are determined in the loan market 

For representative purposes. | Photo Credit: Getty Images Also known as the neo-classical theory of interest, this theory argues that the interest rates on loans are determined by the supply of and demand for loans in the market for loanable funds. In other words, the market interest rate is seen as the price of loans…

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Business

Markets bounce back after two days of decline on firm global trends

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Markets bounce back after two days of decline on firm global trends

The scene outside the Bombay Stock Exchange on Dalal Street. | Photo Credit: VIVEK BENDRE Equity benchmark indices climbed on Monday after two days of fall, tracking strength in global markets and buying in HDFC Bank. The BSE Sensex climbed 110.09 points or 0.17% to settle at 64,996.60. During the day, it jumped 326.94 points…

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Business