Business Today

GDP figures were worse than predicted, surprised us, says RBI Governor Shaktikanta Das

The signs of economic slowdown were visible as early as February, and the narrative was very clear, said Shaktikanta Das, adding that the RBI was looking at ways to improve its forecasting methods

How a web of shell companies helped Bhushan Steel promoters siphon off funds

The investigation by SFIO revealed that ex-promoters of Bhushan Steel - Brij Bhushan Singal and Neeraj Singal - used a web of 155 companies, which were directly or indirectly controlled by the Singals, to siphon off money from Bhushan Steel and Bhushan Energy

General Motors teams up TCS for future vehicle engineering

Over 1,300 employees of GM Technical Center will transfer to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects

India's slowdown due to uncertainty, says Nobel laureate Muhammad Yunus

I don't know what is happening in India, but theoretically, when there is uncertainty people are reluctant to invest. Or, (if) some policy changes (are) coming, people wait to see, said Nobel laureate Muhammad Yunus

Maruti Suzuki rolls out discounts up to Rs 1 lakh ahead of festive season

The hefty discounts come amid an unprecedented slump in the auto sector. Sale of automobiles crashed by 23.5 per cent to 18,21,490 units in August, the worst ever decline in a month on a year-on-year basis since 1997-98

 
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From The Magazine

Pain Of Debt

Government, corporates and even households are deep in debt. In a slowing economy this could only escalate