Anil Sasi is National Business Editor with the Indian Express and writes on business and finance issues. He has worked with The Hindu Business Line and Business Standard and is an alumnus of Delhi University.
While the two-month national lockdown generally dampened spending, fast-moving consumer goods (FMCG) companies saw certain unusual trends in demand in certain product categories, company executives said.
US has moved to block China's access to chipmaking tools and designated Huawei, ZTE as national security threats. With the 5G rollout imminent, the tussle will not leave other countries, including India, untouched.
In India, with most economic activities losing two months of output and subsequent localised lockdowns being announced by states in the wake of the surge in case load, the recovery process looks like it would be an extended one.
That the “unlocking” has been patchy is reinforced by Google footfall data showing that while public mobility has improved in recent weeks across India, states that have higher infection rates are seeing curtailed public movement and economic activity.
Since a slump on March 23, India’s stock markets have been rising despite Covid-19, tensions with China and projections of economic contraction. What explains this trend, and how likely is it to sustain?
The successes in Elon Musk’s space venture have had a rub-off effect on Tesla's car business. Days after SpaceX's launch that sent two astronauts on board the Falcon 9 rocket into space, Tesla's stock surged sharply.
Banning 59 mobile apps that have Chinese overhang is both a statement of intent and a strong signal. This may not hurt India given the alternatives in the app space but for China, the Indian app market is growing and valuable.
As the pandemic ravages economies and destroys livelihoods across the world, the super rich, especially in the US, are getting richer — billionaire wealth is estimated to have increased by $565 billion since March 18.
In this E-Xplained held a few weeks before he quit as Director, National Institute of Public Finance and Policy, Rathin Roy, ex-member of PM’s Economic Advisory Council, discusses challenges and options in a likely recessionary year.
While China may not be a big investor in the traditional sense, and business relations are viewed more in terms of the trade deficit that India suffers, it is the new economy and start-up space where China has increased its influence.
A week earlier, the DPIIT had modified the public procurement norms to give additional preference to domestic companies in government contracts, barring companies with less than a fifth of localisation from participating in most government tenders.
At the ITAT webinar, Mody, in his query to Vasudev, asked that even as the tax department “has done a lot” to ease the compliance burden of the taxpayers, “still there exists some sort of trust deficit between the taxpayer and the government”.
The problems faced by the MSME sector, which makes up about 45% of the country’s total manufacturing output, 40% of its exports, almost 30% of GDP, and employs an estimated 11 crore persons, precede the pandemic.
When will international flights start again? On what factors will the timing and the roadmap depend? What are the concepts of ‘bubbles’ and ‘air bridges’ being considered by global aviation regulators?
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
In an e-Adda hosted by The Indian Express, Nitin Gadkari, Union Minister of Road, Transport & Highways and MSME, spoke on clearance of dues to MSMEs, how to get demand back in the market and restarting industry.