Political

Business

Adani case: Stock rout ‘manipulated’ abroad; SC to hear plea on Friday

February 9, 2023 virendra pandit

Virendra Pandit New Delhi: While a fresh investigation revealed that the USD 100 billion stock rout within a week in Adani Group companies started in India as a domino effect following ‘manipulated’ short-selling overseas, the Supreme Court agreed to hear on Friday a plea seeking a probe into the Hindenburg Research’s controversial reports in […]

Business

Temblor: Death toll in Turkey, Syria crosses 11k; WHO fears it may go up to 20,000

February 8, 2023 virendra pandit

Virendra Pandit New Delhi: With the recovery of a stream of bodies from the widespread debris, the death toll in the Monday earthquakes in Turkey, Syria, and adjoining areas has crossed the 11,000 mark as international teams of rescue and relief operators frantically searched for more survivors. “It is now a race against time,” […]

Business

Adani case: Indian banking is resilient and unaffected, says RBI chief Das

February 8, 2023 virendra pandit

Virendra Pandit New Delhi: The Indian banking system is very resilient and will not be “affected by an individual case”, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday, referring to lenders’ exposure to the Adani Group. As he asserted this, equity markets snapped their two-day losing streak, despite a relatively hawkish policy statement […]

Business

Energy: PM Modi invites foreign investors in oil & gas, green energy growth

February 6, 2023 virendra pandit

Virendra Pandit New Delhi: While India gradually transitions from the traditional oil and gas sector to green energy, the country needs foreign investments in both these sectors, Prime Minister Narendra Modi said on Monday. Addressing the first edition of the India Energy Week 2023 in Bengaluru, he said the nation is committed to the […]

English

Double whammy: A massive, 7.8 temblor kills hundreds in civil war-torn Syria and Turkey

February 6, 2023 virendra pandit

Virendra Pandit New Delhi: A very powerful earthquake, measuring 7.8 on the Richter Scale, hit southern Turkey and northern Syria early on Monday, destroying hundreds of buildings and killing at least 1.300 people, early media reports said, warning of a possible tsunami in the Mediterranean Sea. The death toll and the number of other […]

Business

Technology: Worried, Google invests $400 mn in ChatGPT’s rival

February 4, 2023 virendra pandit

Virendra Pandit New Delhi: Concerned that ChatGPT, the new kid on the technology block, might dislodge it from its leadership position in the search engine ecosystem, Google has invested nearly USD 400 million in the challenger’s rival, Anthropic. Within weeks of its launch on November 30, 2022, ChatGPT (Chat Generative Pre-training Transformer) has taken […]

Business

Adani Group: Banking sector resilient amid stock rout, says RBI

February 4, 2023 virendra pandit

Virendra Pandit New Delhi: Amid some concerns over lenders’ financial health because of the stock rout in the Adani Group in recent days, the Reserve Bank of India (RBI) on late Friday said the country’s banking sector remained resilient in terms of its assessment, and bank exposures to companies were well within norms. “There have been […]

Business

Roving Periscope: Post-BBC and Adani episodes, investors relook at India’s robust growth story

February 3, 2023 virendra pandit

Virendra Pandit New Delhi: The geopolitical manipulators’ attempts to force India to join the western camp ahead of the ongoing Russian invasion of Ukraine entering its second year on February 24—the BBC’s sponsored purported ‘documentary’ against Prime Minister Narendra Modi and the Hindenburg Research recycling old Adani records, in the public domain for years, […]

Business

Roving Periscope: With the IMF rejecting the plea, Pakistan inches closer to default

February 2, 2023 virendra pandit

Virendra Pandit New Delhi: With the International Monetary Fund (IMF) rejecting Pakistan’s revised Circular Debt Management Plan (CDMP) as “unrealistic,” the nearly bankrupt South Asian country has inched closer to default, a la Sri Lanka last year. The global financial institution, in Islamabad to throw a lifeline to a drowning economy, had asked Islamabad […]

Business

Economy: India to be the third largest by 2027-28, says Panagariya

February 2, 2023 virendra pandit

Virendra Pandit New Delhi: Professor Arvind Panagariya, former Vice-Chairman of NITI Ayog, has said India is on the cusp of returning to a post-Covid high growth trajectory, making it a strong candidate to become the world’s third-largest economy by 2027-28. The eminent economist, who teaches at Columbia University, USA, said India is already the […]