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Rescuing India's PSU behemoths coming at the cost of fiscal restraint

Modi has received more than $28 billion from state firms since he came to power in 2014, by extracting dividends or getting PSUs to buy out the government's stake

India is running its telecom companies aground to fill a budget hole

High fees, frequent policy flip-flops, endless tax demands from an unsympathetic bureaucracy that treated carriers as cash cows have driven most telecom operators aground.

Boeing faces fresh crisis as Qantas grounds three 737 jets with cracks

The US Federal Aviation Administration last month ordered urgent checks on next-generation 737s that have carried out more than 30,000 flights

Donald Trump says Americans are 'very disappointed' after Fed rate cut

Fed officials reduced interest rates by a quarter-percentage point Wednesday and signaled a pause in further cuts unless the economic outlook changes materially

'We have to stop RCEP': Farmers plan nationwide protest against trade deal

The All India Kisan Sangharsh Coordination Committee said that they will burn effigies depicting the China-backed Regional Comprehensive Economic Partnership or RCEP, to mark their protest

Yes Bank gets $1.2 bn binding offer from a global investor for a stake sale

The Mumbai-based lender jumped 24% at the 3:30 p.m. close in Mumbai on Thursday following the announcement

Life and death for firms: Can Hong Kong's plummeting economy rebound?

The Hong Kong government has announced relief packages this year, but for most struggling businesses the best cure would be an end to the protests

IndiGo shares gain most since 2016 on $30-bn Airbus aircraft order

The stock is still below a record high of 1,898.85 rupees ($26.76) hit on Sept. 30, after slipping through October

India to invest Rs 1 trillion in setting up 100 new airports by 2024

The government has committed investments of Rs 1 trillion to build airports in the next 5 years.

Sensex reclaims 40k on tax rejig buzz, global cues; Nifty ends at 11,844

Experts said the reduction in corporation tax has helped revival of corporate earnings.

Apple eyes return to growth path next year, aims to ship 200 mn iPhones

iPhone remains Apple's most visible and profitable product and new devices will also drive adoption of Apple's services and applications

What will this rich and secretive Dutch family do with $4 billion more?

Even as the family avoids the limelight, its fortune has continued to grow

Vodafone Idea reaches out to lenders for debt revamp as losses mount

The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business

India eyes more levies on refined palm oil imports to push local processing

Such a move by India could reduce refined palm shipments from top producers Indonesia and Malaysia

India's last-minute demands for concessions might jeopardise RCEP deal

India, which has raised some tariffs under Prime Minister Narendra Modi, has long been the main holdout on an RCEP deal due to strong domestic opposition

India's telecom sector is staring at decimation, thanks to state action

The Supreme Court has ordered the companies to pay the government not just the dues but a hefty penalty -- as well interest on both

Struggling India needs more trade; RCEP may just be the right card to play

Modi has long sought to portray himself as both a reformer and a global statesman. A bold decision would not only shore up his reputation , it would point India in the direction of recovery

Economy may be struggling but Narendra Modi's right turn project is not

India's global reach hinges on its ability to drive the global economy over the next decade

A manager tried to halt Boeing 737 Max production on safety before crashes

At least one whistle-blower also told the committee that the company sacrificed safety for cost savings

Bond vigilantes worry too much: Veteran banker shrugs off fiscal concerns

Gautam, a banker for nearly thirty-five years, is counting on Prime Minister Narendra Modi's administration's past fiscal-track record