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One of world's most crowded cities Dhaka gets first mass-transit rail

In Dhaka, with 10.3 million people packed in 305 square km, the average driving speeds have dropped to less than 7 km an hour right now from 21 km

Credit market cracks widen as distressed debt nears $650 billion

Distressed debt in the US alone jumped more than 300 per cent in 12 months, high-yield issuance is much more challenging in Europe and leverage ratios have reached a record by some measures

Chinese tech giant Tencent Holdings wins approval for gaming blockbusters

It was only the second time the Chinese tech giant gained licences for blockbuster titles since Beijing resumed issuing them in April

Muzaffarnagar: Final destination for tonnes of America's plastic waste

Plastic waste that starts off in Americans' recycling bins ends up at illegal dumpsites - and inside the lungs of people in Muzaffarnagar

Reorienting India's food programme a politically deft move, says Nomura

The govt last week discontinued a version of a free-food program for low income households, and replaced it with the new initiative that will also give out free grains while lowering the quantity

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence

Countries restrict entry of Chinese travellers as Beijing lifts Covid curbs

Uncertainty over the true scale of infections without reliable official figures is fueling concern that the rapid spread of the virus could lead to the emergence of new variants

As travel roars back post Covid-19 lull, airlines face shortage of planes

As travel springs back and even China dismantles the last remaining Covid curbs, one stark truth is beginning to emerge - the world is running desperately short of planes

India's fintech industry to face a tough 2023 as investments cool: Bain

This year, the Indian regulator, spurred by fraud and malpractice instances in the fintech lending space, stepped up its oversight to regulate it through a series of guidelines

China to end quarantines for inbound travellers as 'Covid Zero' dismantled

People arriving in China will only be required to obtain negative Covid test results within 48 hours of departure, according to a statement from the National Health Commission Monday

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

Chinese public displays mixed emotions on sudden ending of Covid Zero

The restrictions became too much for many in China to bear in late November, when protests erupted in dozens of cities - the most widespread unrest the Asian nation has seen in decades

Will the current reopening of Chinese economy end India's outperformance?

A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales

Six big banks of Wall Street score $1 trillion of profit in a decade

While much of the world's attention was focused on the riches minted by Silicon Valley, banks were gaining momentum

Mastodon to Substack: Who all are in the fray to become the new Twitter

As Twitter treads through uncertainty, here are the alternatives for those seeking a Plan B, and how they stack up against the Twitter

Building boom sets up India as saviour for flagging global steel demand

Inward shipments rose 15% in April through October from a year earlier to 3.1 million tons, according to government figures

World economy is headed for recession in 2023 amid rate hikes: Research

That institution warned in October that more than a third of the world economy will contract and there is a 25% chance of global GDP growing by less than 2% in 2023

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

China's economy is showing increasing strain from the Covid tsunami

Even before the curbs were lifted, China's economy was struggling, with a slump in consumer spending deepening and industrial output growing the slowest since the spring lockdowns

Facing questions over accuracy, China stops releasing Covid-19 cases data

The commission didn't provide a reason for the change in policy, but said that the Chinese Center for Disease Control and Prevention will release Covid-related info for studies and reference