Page 668 - Bloomberg

Weak diesel demand signals a slow rebound for industrial India

Diesel is a bellwether of industrial activity in India

India's bad loan problem is worse than what official numbers show

Here's a look at the full extent of India's bad loan problem in selected financiers

Past failures on spending targets dampen India's 2021 budget hopes

While increasing public expenditure is key to revive the economy from the pandemic-induced slump, falling tax revenues mean Sitharaman will have thin resources

Weak demand for diesel signals a slow rebound for industrial India

The annual growth rate for diesel consumption won't get back to pre-virus levels until the year ended March 2022, said Mukesh Kumar Surana, chairman of Hindustan Petroleum Corp.

Any new tax in budget could hurt India's recovery, warn economists

A so-called Covid cess shouldn't be announced because the economy is still normalising after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday

Top corporate bond arranger expects spreads on highest-rated notes to widen

"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said

High stakes as India vows to present a Budget like 'never before'

Total spending plan for next fiscal may surpass last year's Rs 30.4 trn, with focus likely on expanding a jobs guarantee program to cities and increasing allocation on education, housing, and health

Budget 2021 to be a tougher balancing act than India's other annual Budgets

A combination of stepped-up social spending - including on long-neglected healthcare - and a state-led infrastructure push will make the recovery both durable and inclusive

Biden team slams China's territorial claims in swift calls to Asia allies

Over the weekend, China sent an early warning to the new US administration by flying 13 warplanes into the Taiwan Strait

Slow vaccine rollout stands to halve world growth: World Bank's Reinhart

The Group of 20's common framework, which aims to get China and private lenders more involved in debt relief, can help poor countries resolve issues faster

India turns to artificial intelligence for better and faster economic data

The country of 1.3 billion people, only 20 per cent of whom know how to use the internet, had to suspend field surveys during the lockdown, which led to gaps in reporting monthly retail inflation numb

Why India should honour the $1.2 bn arbitration award in Cairn's favour

This year's budget is due on Monday. All that Finance Minister Sitharaman has to do is to make a provision for the Cairn payment, an insignificant footnote in her $415 billion-plus expenditure plan

Pandemic deepens graft, democracy breaches, says Transparency International

"Countries with higher levels of corruption tend to be the worst perpetrators of democratic and rule-of-law breaches while managing the Covid-19 crisis," according to the report

K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said

Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

India plans higher levy on some imported goods to boost local manufacturing

Refrigerator, washing machines, cloth dryers, aluminum and electrical goods are among products likely to see an increase in customs duty, the people said asking not to be identified citing rules

How KKR's big bet on India credit became a cautionary tale for investors

Rocked by the shadow-banking crisis in India, KKR's local credit unit lost $207 million in the final nine months of 2019, wiping out nearly 40 per cent of its capital

India about to join countries threatened by asset seizures across the world

Cairn Energy Plc will push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent

Infosys CEO to accelerate hiring from US, Europe even after Trump departure

While the bulk of Infosys's recruitment remains in India -- with 15,000 grads enlisted over the past 12 months -- Infosys is laying the foundation for more hiring abroad at a rapid clip

Goldman CEO David Solomon's pay drops $10 million over 1MDB scandal

Excluding that penalty, the board effectively kept Solomon's pay flat for the year