Business/Economy
Air India: Government barking up wrong tree - VK Bahuguna, Pioneer
The Indian Government extended the last date for the receipt of Expression of Interests for Air India’s disinvestment due to a lukewarm response. Air India was once one of the preferred airlines all over the world when late JRD Tata established it in 1932 and over time, under his visionary leadership, it made a brand name for itself.
Decoding the moves of Amazon, Walmart - Suresh Srinivasan, Business Line
It is being speculated that Amazon may take a minority stake in Kishore Biyani’s Indian retail business, part of the Future group. Analysts and popular press were quick to point out that since Walmart, Amazon’s global rival, acquired a majority stake in Flipkart, Amazon is retaliating to make inroads into the ‘offline’ retail sector to remain competitive in India.
Is India’s gold rush coming to an end? - Aarati Krishnan, Business Line
Five years ago, any sign of weakness in the Rupee would have been the cue for RBI officials, Ministers and sundry economic commentators to lash out at Indian households for their unreasonable and unpatriotic love for gold.
What SBI Q4 results say about the Indian economy and the bank - Aparna Iyer, Mint
The earnings of State Bank of India (SBI), the country’s largest lender, are a good reflection of how the Indian economy fared and what the outlook is for the coming year. After all, the lender is responsible for more than a quarter of the bank loans given in the country.
Some good, some bad news for the economy - Shivaji Sarkar, Pioneer
The world economy is in turmoil as crude oil prices touched a new-high since 2014 in the wake of America’s rejection of the Iran nuclear deal. Rupee suffered yet another blow to plunge a new low against a surging dollar — a phenomenon that has occurred for the 11th time since 1983. Inflation too is expected to rise further.
India’s economic prowess and IMF forecast - Sudhir Hindwan, Pioneer
The recent International Monetary Fund (IMF) forecast showing a promising growth of India varying between 7.4 per cent and 7.8 per cent for 2018-19 and 2019-2020 respectively augurs well for the country. Earlier, the World Bank’s Global Economic Prospective Report indicating India’s expected growth of 7.3 per cent came as good omen. The predictions are very important against the background of persistent economic global depression.
Walmart nears Flipkart deal, Amazon push fails - Times of India
Walmart is finalising a deal to acquire majority stake in Flipkart even as its largest shareholder, Soft-Bank, has been willing to invest about $4 billon afresh into the Indian e-commerce leader if it pursued an alternate merger with arch-rival Amazon, sources close to the matter told TOI.
Idea-Vodafone deal may hit Infratel revenues - Economic Times
The upcoming Idea Cellular-Vodafone India merger may put as much as 14 per cent of telecom tower company Bharti Infratel’s tenancies and revenue at risk if duplication of all their base stations is removed, analysts said.
Income tax department wants to know a little bit more about you - Economic Times
The income tax department wants more information from you about your finances and business. The new income-tax return forms released by the Central Board of Direct Taxes (CBDT) for filing returns for the financial year 2017-18 have several new columns. These new forms for various categories of taxpayers are Sahaj (ITR1) , Form ITR-2, Form ITR-3, Form Sugam -ITR-4, Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V.
New visions in Make in India - Hima Bindu Kota, Pioneer
The news shared by the Indian Cellular Association (ICA) about India replacing Vietnam to become the world’s second largest mobile phone producer in the world in 2017 by accounting for 11 per cent of the global mobile production — up from three per cent in 2014 — may just be the beginning of new and exciting trends in India’s growth as a manufacturing hub.
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