economic news this week
- ECONOMY
Fiscal Steps Taken By Government Led To Positive Growth In Q3: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the fiscal measures taken by the government have resulted in positive growth of…
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Digital Payments Face Hiccup As SMS Scrubbing Delays OTP Deliveries
A new piece of technology meant to scrub text messages caused severe problems for digital payments on Monday, with banks…
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Draghi Pledges to Jump-Start Italy’s Slow Vaccination Campaign
(Bloomberg) — Prime Minister Mario Draghi pledged strong action to turn around Italy’s slow vaccination campaign, saying an exit path…
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For Jacob Frey, It’s Been a Tumultuous Year
(Bloomberg Opinion) — Barbed wire, concrete berms, and heavy fencing ring the austere government building where former Minneapolis Police Officer Derek…
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Interest Coverage Ratio For Manufacturing Sector Improved In Q3: In Charts
Sales and interest coverage ratio across manufacturing companies improved in the quarter ended December, even though non-IT services firms continued…
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Alcoholic Beverages Industry Context Turning Favourable, Recovery To Follow: Anand Rathi
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Myanmar Protesters Begin Nationwide Strike, Vow to Defeat Army
(Bloomberg) — Myanmar protesters marched Monday in some of the country’s biggest cities, part of another nationwide strike to pressure…
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World’s Largest E-Scooter Factory to Make EV Every 2 Seconds
(Bloomberg) — Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile…
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India’s Daily Fliers Weekly Average Moderates To 2.64 Lakh: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Aarti Drugs’ Stock Rises To The Highest In More Than A Month On PLI Nod
Shares of Aarti Drugs Ltd. rose to their highest in more than a month after a wholly owned unit of…
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Cement Prices Rise; Earnings Upgrade To Continue: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Coronavirus India Updates: Centre Pushes States On Vaccines As Active Cases Top 1.8 Lakh
India’s active coronavirus infections topped the 1.8-lakh-mark, prompting the central government to urge states to accelerate their vaccination drive and…
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Easy Trip Planners IPO – ICICI Direct’s Investment Rationale
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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A Hack Like This Could Start the Next World War
(Bloomberg Opinion) — It may be years before we get the Franz Ferdinand hack, but one cyber attack has the potential…
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Citi Sees the Days of Traders Slamming Phones Coming to an End
(Bloomberg) — The days of traders slamming phones and breaking computers are becoming a thing of the past. Such behavior…
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The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories
(Bloomberg Opinion) — “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be…
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Telecom Department To Demand Upfront Payment From Operators For Spectrum Bought In Auctions
The Department of Telecommunications will issue demand notes to network operators next week on an upfront payment for spectrum acquired…
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Flushed With Liquidity, Lenders Slash Home Loan Rates To Decadal Lows
Flushed with excess liquidity as general credit demand still way below the desired levels, leading home loan players State Bank…
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Parliament To Reconvene From Monday To Continue Budget Session
The month-long second part of the Budget session of Parliament begins on Monday in the middle of a high octane…
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Mines Ministry Seeks Provision To Auction Mineral Blocks In Certain Cases
The Mines Ministry has proposed a clause to enable the central government to auction mineral blocks in case the states…
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Odisha, Uttar Pradesh, Delhi Have Most Contaminated Sites In India
Delhi, India’s capital, has stood third on the list of states and Union territories with most contaminated sites, according to…
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U.K. Steps Up Vaccinations; Japan Eyes Approvals: Virus Update
The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting…
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What’s in the $1.9 Trillion Stimulus Bill Passed by the Senate
(Bloomberg) — Senate Democrats passed the latest version of the $1.9 trillion stimulus bill after a more than 24-hour voting…
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Italy Hires McKinsey for EU Recovery Funds, Upsetting Lawmakers
(Bloomberg) — A decision by the government of Italian Prime Minister Mario Draghi to recruit consulting firm McKinsey & Co.…
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Brands Gained, Social Media Influencers Thrived During Pandemic
The company used social media celebrities to talk about immunity, health and wellness. Most Dabur brands, Phakey said, have increased…
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Owner Of SUV Which Caused Scare Near Ambani’s House Found Dead
Hiren Mansukh, owner of the vehicle with explosives which had been found parked near industrialist Mukesh Ambani’s residence last week,…
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Will More Indian Companies Join The SPAC Party?
An innovative legal structure has caused a frenzy in the U.S. capital markets, resulting in new billionaires and companies going…
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The Mutual Fund Show: What You Need To Know About Motilal Oswal, Edelweiss AMC’s New Passive Fund Offers
While the debate over whether investors should buy and sell stocks directly to beat benchmarks or are they better off…
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Chinese Investors Turn to Bank Stocks as Market Darlings Plunge
(Bloomberg) — China’s most-shunned sector is getting a rare moment in the sun as investors seek shelter from a rout…
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U.S. Vaccinated Half Its Seniors. The Next Half Will Be Harder
(Bloomberg) — More than half of Americans 65 years old and over have gotten a Covid-19 vaccination, but lingering hesitancy…
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Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
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West Bengal Elections: TMC Announces Candidates For 291 Seats, Mamata Banerjee To Contest From Nandigram
West Bengal Chief Minister Mamata Banerjee Friday confirmed her candidature from Nandigram seat as she released the list of Trinamool…
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Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return
(Bloomberg) — A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two…
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‘We Are Going Strong’: Farmer Leaders As Protest Enters 100th Day
As the farmer agitation against the Centre’s three farm laws enters its hundredth day on Saturday, union leaders have asserted…
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Biden Stimulus Faces Lengthy Final Gantlet of Senate Votes
(Bloomberg) — Senate Democrats face a gauntlet of Republican attempts to rein in President Joe Biden’s $1.9 trillion stimulus package…
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World’s Worst Covid Crisis Is Unfolding in Brazil, Where No Fix Seems to Work
(Bloomberg) — More than a year after a spiked virus launched a murderous campaign across the globe, most countries have…
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Jalapeño Popper Chicken Is More Interesting Than Any Old Sandwich
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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It’s Too Late for Big Oil’s Pivot to a Carbon Tax
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top…
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Two-Wheeler Retail Sales Fall For Fourth Straight Month
Sales of two-wheelers at dealerships stayed below the pre-pandemic level as registrations fell for the fourth straight month amid waning…
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Analysts’ Take On Wipro’s Acquisition Of Capco
Analysts see a successful completion of Wipro Ltd.’s acquisition of Capco as key to aid the software services provider’s U.S.…
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A Year After Yes Bank Rescue, Cases Against Co-Founder Rana Kapoor Build
What Is Kapoor Being Accused Of? At present, there are four parallel cases running against Kapoor. The DHFL Case The…
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Rupee And Bond Update – March 05, 2021: Reliance Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Tokyo Extends Emergency; Australia Doses Blocked: Virus Update
(Bloomberg) — Japan recommended extending its virus state of emergency by two weeks for the Tokyo region set to expire…
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Texas Watchdog Says Power Grid Operator Made $16 Billion Error
(Bloomberg) — A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two…
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MTAR Tech IPO Subscribed 10.27 Times On Second Day
The Rs 597-crore initial public offering of MTAR Technologies was subscribed 10.27 times on Thursday, the second day of the…
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Republicans Shouldn’t Be Democrats-Lite
(Bloomberg Opinion) — Republicans seem to be toying with the notion that the best way to erase the taint left…
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Hiring Activities Rose In February, Shows Naukri JobSpeak Index
Digitisation and automation drove record sequential growth of 22% in all hiring activities in February, according to a report. Hiring…
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Fallen King of Cable TV Bets That Live Sports Can Stem Decline
(Bloomberg) — Once an icon of cable TV’s money-minting powers, USA Network today symbolizes the industry’s long slide in the…
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Bengaluru, Shimla ‘Most Liveable’ Cities In Government’s Ease Of Living Index
Bengaluru was adjudged the most liveable among 111 cities in India in the government’s ‘Ease of Living Index’ on Thursday,…
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In Lockdown Brazil, Everyone Is Watching Big Brother
(Bloomberg Opinion) — After a year battling worsening Covid-19, and with new variants on the loose, Brazilians still face bouts…
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