Vedanta bags 41 of 55 oil blocks in maiden open acreage auction; Johnson & Johnson has been slapped with penalty in the US for faulty hip replacements; and housing units worth Rs 4.64 lakh crore delayed in 7 top cities. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
Chinese crypto-mining equipment makers plan to get listed in Hong Kong; major international airlines are beginning to pad their schedules with extra time to give the impression that the aircraft are arriving on time; diesel and petrol prices have hit new record high. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
If the government of India's new defence procurement plan takes off, it will be a huge boost for Make In India; despite Kerala's worst floods in over a 100 years, about 40 per cent of 125 districts in the southern states of India have reported deficient rainfall; and sixty more companies will be referred for insolvency and bankruptcy as the deadline for their resolution expired today. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.<br />
India's electric vehicles subsidy policy, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, is being revived; WhatsApp has turned down government's demand to provide it with a solution to track origin of messages on its platform; and the rupee has slipped below the 70-mark against the dollar to close at 69.81. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
Public sector bank CEOs to examine NPA accounts above Rs 50 crore; a report incorrectly says India saved Rs 3 lakh crore by locally manufacturing handsets; and civil aviation ministry's proposal to provide Air India with yet another bailout has been rejected by the Finance Ministry. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly. <br />
<p class="MsoNormal">SBI chairman Rajnish Kumar said government and judiciary areequally responsible for India's bad loan crisis; half a million Chinesenationals to reside in the Chinese colony being set up at Pakistan's Gwadar Port;and US Citizenship and Immigration Services director wants strict laws to stopAmerican jobs from going to Indians. BusinessToday.In Editor Rajeev Dubeyexplains this and more on The Good, The Bad and The Ugly.</p>
Home ministry has directed that ATMs will not be replenished with cash after 9 pm in cities and post 6 pm in rural areas from February 8, next year; an RBI study has concluded that MSMEs had been worst hit by DeMo as well as the hurried GST rollout; and US tech firms such as Facebook, Google, Microsoft, Amazon, and Twitter, besides foreign telcos and IT firms plan to redouble their efforts to lobby against India's data localisation norms. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
In this special edition of The Good, The Bad and The Ugly devoted to the legacy of former Prime Minister of India Atal Bihari Vajpayee: how Vajpayee laid the foundation of a modern, liberalised, fearless and progressive India; where he was criticised; and, the event he regretted the most happened under his watch - the enduring legacy of one of India's most beloved prime ministers. Bus<span data-offset-key="2hjer-0-0"><span data-text="true">inessToday.In Editor Rajeev Dubey explains more in this episode. </span></span>
RBI has rejected Kotak Bank promoter Uday Kotak's proposal to mandatorily lower the promoter stake to 20 per cent; India's trade deficit is now at a 5-year high of over $18 billion; and gross NPAs in the banking sector have shot up to Rs 10.3 lakh crore. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.<br />
Government of India has dismissed former Punjab National Bank managing director Usha Ananthasubramanian; India has disbursed nearly 13.47 crore loans worth Rs 6 lakh crore under the Pradhan Mantri Mudra Yojana; and rupee has touched yet another historic low. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
<p>GOOD</p><p>A bill has been presented in the Lok Sabha to introduce new tariff structure for airports which will inflation linked rather than cost-based structure currently prevalent in the country. </p>BAD<p>India has accelerated its infrastructure building but unless costs over-runs are brought under check, the nation and the tax payers will continue to pay a heavy price for such monumental projects. </p><p>UGLY</p>India's second largest airline Jet Airways is in serious financial trouble. Its losses are mounting. It has a negative net worth of Rs 7,100 crore and with liabilities of Rs 19,743 crore against total assets of just Rs 12,501 crore it was only keeping afloat due to free cash flow of some Rs 320 crore as of March 31, 2018.<p><br /></p>
Centre has doubled import duty on 328 textile products to 20 per cent; public sector banks penalised their customers by over Rs 5,000 crore in fiscal 2017-18; and Jamie Dimon yet again denounced Bitcoin and cryptocurrencies. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly. <br /><br />
<div>The SFIO arrested Bhushan Steel promoter Neeraj Singhal for allegedly siphoning off Rs 2,000 crore; Sensex closed above 38,000 for the first time ever on Thursday; and bitcoin and crypto-currency bashing continues unabated. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.</div>
The mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.<br />
India hopes to bring back fugitive businessman Mehul Choksi from Antigua under a law that allows Antigua to extradite a person to a Commonwealth nation; the reimposed US sanctions on Iran came into effect on Aug 6 and that has major implications not just for Iran but also for countries like India; and the Indian banking sector has undeclared loans non-performing assets worth Rs 3.1 lakh crore. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
Railways has announced that vacancies for assistant loco pilots and technicians have been doubled to 60,000; Paul Krugman said that Bitcoin and other cryptocurrencies have set the monetary system back by 300 years; and the government is struggling to meet its monthly GST revenue target. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
Facebook said that it has discovered a sophisticated coordinated disinformation operation on its platform; e-cars supplied by Tata Motors & Mahindra delivered far lower range per charge than originally committed; and RBI governor Urjit Patel has warned that we're probably at the beginning of a currency war. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
The US has decided to grant Strategic Trade Authorisation Tier-I status to India; Trai has released new quality norms for 4G networks; and Morgan Stanley has warned that the world is staring at a big stock market crash. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.<br /><br />
India Inc.'s net profit rose 19 per cent while revenue grew by 22 per cent in the period April-June; the Srikrishna committee's Personal Data Protection Bill has several flaws; and Air India has asked the government for Rs 2,200 crore to pay its vendors. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.<br /><br />
India is the world's largest importer of weapons and military hardware; inflation is still above the RBI's comfort level of 4 per cent; even as India's clampdown on shell companies continues, data from the Registrar of Companies shows 66 per cent of 18 lakh companies registered in India are active. BusinessToday.In Editor Rajeev Dubey explains on The Good, The Bad and The Ugly.
Having installed solar panels on DEMU trains, Indian Railways is now going to fix them on 250 coaches of passenger trains; Facebook sees biggest single-day market cap wipeout in US history; is LIC bailing out debt-laden and liquidity-strapped IL&FS? BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.
IndiGo Flight Chaos: Delhi Airport Meltdown, DGCA Relaxes Crew Rostering Restrictions
Why InCred’s Healthcare Fund Is On Fire, Aditya Khemka Decodes
Big RBI Move! ₹1.5 Lakh Crore Liquidity Surplus & Cheaper Loans | 78 bps Rate Drop
Historic! India Records 0.3% Inflation & 8.2% GDP Growth - A Rare Goldilocks Moment
Inflation At Record Low, Growth Outlook Strong, RBI Upgrades India’s GDP Forecast To 7.3%
