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India to be among top 3 economies in 2 decades: Mukesh Ambani Mukesh Ambani, chairman Reliance Industries Ltd. (File Photo: Mint)Premium 2 min read Share Via Read Full Story All the digitization steps that India has taken will democratize wealth and create value for individuals and small businesses, Mukesh Ambani, chairman and managing director, Reliance Industries Ltd, said on Tuesday. Ambani was in a conversation with Mark Zuckerberg, chief executive officer and founder of Facebook, at the Fu...

Burger King shares hit 20% upper circuit, up 177% from issue price Premium On Monday, Burger King shares had doubled after listing on the exchanges, closing at ₹138.40 apiece, nearly 131% premium to its issue price of ₹60. (Photo: Reuters) 1 min read Share Via Read Full Story MUMBAI: Shares of Burger King India Ltd on Tuesday extended gains and hit the 20% upper circuit amid higher volumes. The stock hit a fresh record high of ₹166.05. On Monday, the scrip had doubled after listing on ...

PM Modi to light up ‘Swarnim Vijay Mashaal’ to mark 50th-year of Indo-Pak war Premium The Indian Armed Forces had in December 1971 secured a historic victory over Pakistan Army Share Via Read Full Story As the nation gears up to commemorate the golden jubilee of the 1971 Indo-Pak war, Prime Minister Narendra Modi on Wednesday will light up the ‘Swarnim Vijay Mashaal’ from the flames of National War Memorial (NWM) to inaugurate events marked for the Swarnim Vijay Varsh’. The inaugural ...

Raghuram Rajan warns policymakers need to act to avert solvency crisis Premium 2 min read Paul Gordon , Bloomberg The solvency crisis is already eroding the underlying strength of the business sector in many countries, according to a report led by Mario Draghi, ex-president of ECB, and Raghuram Rajan Share Via Read Full Story The world’s policy makers must act urgently if they are to head off a looming solvency crisis that could cripple economies after the pandemic, according to a report led...

Instagram’s grown immensely in India in last 2 yrs: Mosseri Premium 2 min read Share Via Read Full Story Instagram has grown immensely in India over the last year or two with the country becoming one of the most important markets worldwide for the photo- and video-sharing platform, said Adam Mosseri, head of Instagram, at the Facebook Fuel for India 2020 virtual event on Tuesday. “We have spent a lot more time trying to make sure our Android app is at parity with our iOS app. Obviously, And...

Retail inflation cools in Nov, WPI at 9-month high Premium RBI has cautioned that the inflation outlook has turned adverse relative to expectations in the past two months. 2 min read Share Via Read Full Story Retail inflation slowed to a three-month low at 6.93% in November as vegetable prices eased, data released by the statistics department on Monday showed. However, the central bank is unlikely to cut interest rates anytime soon as inflation still remains well above the upper limit of its to...

India, US are the best places for investor fund disclosure. Which is worst? Premium Morningstar applied a grading scale of top, above average, average, below average, and bottom to evaluate 26 markets based on six disclosure criteria. Photo: Bloomberg 2 min read . Updated: 15 Dec 2020, 11:39 AM IST Bloomberg India and the U.S. are the two most investor-friendly markets in the world in terms of best practice for portfolio disclosure, while Australia ranks at the bottom, according to a global s...

The US-China tech war won’t end under Biden Premium US President-elect Joe Biden arrives with wife Jill Biden to deliver remarks on the Electoral college certification at the Queen Theatre in Wilmington, Delaware on December 14, 2020. (Photo by ROBERTO SCHMIDT / AFP) (AFP) Jacky Wong , The Wall Street Journal A softer touch is likely, but Democrats and Republicans share concerns about the threat to core American industries and China’s techno-authoritarian ambitions Share Via Read Full Sto...

Lebanon to get first batch of Covid-19 vaccines in two months, says minister Premium A customer wearing a protective face mask shops inside a grocery store in Beirut, Lebanon December 7, 2020. Picture taken December 7, 2020. REUTERS/Mohamed Azakir (REUTERS) Issam Abdallah Nation is already struggling with economic meltdown Share Via Read Full Story Lebanon is expected to sign a deal this week for supplies of Pfizer-BioNTechs Covid-19 vaccine and is set to receive the first batch eight weeks af...

Vigour of India’s revival surprising: S&P Premium (Bloomberg) Share Via Read Full Story S&P Global Ratings on Tuesday pared down its projection about the extent of contraction Indian economy will see in FY21 to 7.7% from 9% dip estimated earlier, holding that it is surprised by the vigour of economic recovery in Asias third largest economy, especially given the tepid policy response from the government underpinning it. The rating agency said rising demand and falling infection rates have temp...