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P. Chidambaram said crude oil price at $74 per barrel are still lower than $105 four years ago, when the Congress was in power. Photo: Mint

Fri, Apr 20 2018. 06 05 PM IST

P. Chidambaram attacks govt on high petrol prices

Senior Congress leader P. Chidambaram has slammed the Modi government over high petrol prices, saying it has become clueless and floundering and is living off an oil bonanza

The World Bank’s Global Findex Report released on Thursday noted that financial inclusion increased rapidly in India in the recent past. Photo: Reuters

Fri, Apr 20 2018. 09 52 AM IST

Praise and a promise of rain: Week of good news for Modi govt, Indian economy

First, IMD forecast a normal monsoon, then the IMF takes a bet on India effecting a favourable makeover of its debt situation and finally the World Bank lauds India’s financial inclusion initiative

Investors with a minimum net worth of Rs5,000 crore and a track record of reporting profit after tax in three of the previous five fiscals are eligible to bid for 76% stake in Air India, 100% stake in Air India Express and 50% stake in Air India Airport Services. Photo: Abhijit Bhatlekar/Mint

Fri, Apr 20 2018. 08 44 AM IST

Govt looks past airlines for Air India sale

Emphasis on allowing other investors to bid in the Air India privatisation process comes after some airlines, including IndiGo and Jet Airways, dropped out

Nand Kishore Singh, chairman of the 15th Finance Commission. States in South India have claimed that the state revenue sharing formula in 15th Finance Commission’s terms of reference favours their North Indian counterparts. Photo: HT

Fri, Apr 20 2018. 08 04 AM IST

The Finance Commission and the Thiruvananthapuram conclave

States should indeed raise their legitimate concerns. However, they will hopefully do so in a spirit of cooperative federalism

Shares of Titan Co. Ltd touched a 52-week high during trading hours on Wednesday, also the occasion of Akshaya Tritya, considered auspicious for gold purchases. Graphic: Mint

Thu, Apr 19 2018. 11 06 AM IST

Titan shines on better outlook

Titan, being from the Tata Group, offers comfort to investors shaken by the PNB fraud perpetrated by Nirav Modi and Gitanjali Gems’ Mehul Choksi

Price hikes are expected to limit in the March quarter margin contraction of paint stocks, such as Asian Paints, Berger Paints, Kansai Nerolac and Akzo Nobel India.

Thu, Apr 19 2018. 09 09 AM IST

Paints: Price hikes to provide partial relief to eroding margins

After raising prices by around 1.5% in March, Asian Paints recently announced yet another price hike of nearly 2% effective May and peers are expected to follow suit

Online retailers, who outsource transportation to third-party logistics providers, require LCVs to have a wider and taller loading area. Photo: R.V.S. Kumar/Mint

Wed, Apr 18 2018. 09 06 PM IST

Ashok Leyland plans to redesign LCVs to target e-commerce sector

Within the light commercial vehicles (LCV) segment, Ashok Leyland currently lags Mahindra and Mahindra and Tata Motors by over 100,000 units in sales

Crisil said a normal monsoon was crucial to push economic growth, which has slowed last year under the lingering impact of demonetisation and disruptions due to implementation of the GST resulting in decline in consumption demand. Photo: Priyanka Parashar/Mint

Wed, Apr 18 2018. 08 49 PM IST

Packaged goods companies upbeat on normal monsoon

Packaged goods companies expect a good monsoon to have a positive impact on consumer sentiments, particularly rural demand

A normal south-west monsoon is good news not just for farmers but also for sectors that gain when the rural economy is in good health. Photo: Vivek Nair/Mint

Wed, Apr 18 2018. 08 12 AM IST

Relying on IMD’s early monsoon forecast could rain on your parade

Just like any prediction, IMD’s monsoon forecast should also be taken with a pinch of salt, especially when investors plan to use it as a factor in their investment decisions

India needs to move from merely focusing to becoming obsessed with rejuvenating our exports. Photo: Bloomberg

Wed, Apr 18 2018. 01 44 AM IST

India needs to fundamentally alter its export strategy

India’s exports for the month of March this year have contracted by 0.7% compared to a year ago. There is need for a fundamental shift in our export strategy

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