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Top Stories
People
Nikesh, Yamini best paid Indian-origin CEOs in US; not Nadella, Pichai
The popular verbatim for Indian-origin US CEOs may mandatorily include Google’s Sundar Pichai and Microsoft’s Satya Nadella, yet neither was able to grab a spot in the ranking.
Macro
Household debt warrants close monitoring: RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
Enterprise
Airtel follows Jio, hikes tariffs by up to 20%
Mobile average revenue per user (ARPU) needs to be upwards of ₹300 to enable a financially healthy business model for telecom companies in India, says Airtel
Macro
Roof collapses at Delhi airport: 1 dead, 8 injured; all flights from T-1 cancelled
The roof of the Delhi Airport Terminal 1 collapses a day after a similar collapse at the Jabalpur airport was reported; personally monitoring the situation, says MoS Naidu
Enterprise
Reliance Jio raises tariff by up to 25%
Jio's ₹239 monthly plan, which offers 1.5 GB of data per day, will now cost ₹299—an increase of 25%.
Enterprise
After Penna acquisition, Ambuja Cements to merge Adani Cementation biz with itself
Ambuja Cement says strategic locations near Dahej port and Amba River will enable source clinker by sea as well as rail to serve high-growth market of South Gujarat and Mumbai
States need to agree on GST rate on petrol, diesel: FM
The intent of the Central government even as the GST was implemented was that eventually at some time, petrol and diesel could be brought under GST.
CGST notices sent to less than 2% of active assessees: FM
The government's intent is to make the life of a GST assessee easier, says Nirmala Sitharaman
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Macro
India's remittance growth to halve in 2024: World Bank
India's efforts to link its UPI with source countries such as the UAE and Singapore are expected to reduce costs and speed up remittances, says World Bank
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Investing
Spectrum auction concludes with ₹11,340 cr bids; here’s how telecom stocks react
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
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Enterprise
Govt-run Khadi commission sold yoga clothes, mats worth ₹8.67 cr on Yoga Day
The commission sold over 1.09 lakh yoga mats and 63,700 yoga clothes through 55 Khadi institutions across the country
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Macro
Budget to showcase govt's far-reaching policies, futuristic vision: President Murmu
Many historic steps will also be seen in this budget, says President Droupadi Murmu
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Enterprise
Air India launches A350-900 on Delhi-London route starting September 1
This move marks the debut of the A350-900 on international long-haul routes.
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Enterprise
Amazon enters $2 trillion market cap club
Amazon became the fifth US company after Microsoft, Apple, Nvidia, and Alphabet to touch this milestone.
Multimedia
Census 2021: The great data hole that needs plugging
For an equitable future, collecting the mother -of-all-data 'Census 2021' is a must
Informal non-farm survey: A lost opportunity
Quality data are critical for policymaking but the Indian statistical system continues to disappoint, thereby hurting India’s growth story
Most underrated risk to Indian economy– climate catastrophe!
The RBI says India risks losing 4.5% of GDP by 2030 due to extreme-weather events. It is widely recognised that cost of climate inaction would be far greater than cost of climate action
What's behind IndiGo’s momentous shift
Why India’s leading private airline IndiGo’s decision to introduce wide body aircraft for the first time received a muted response
Rising-tide is not lifting all in India
Evidence shows the disconnect between growth and equity with the elusive ‘shared prosperity’ or ‘inclusive’ growth.
Air India turnaround: Why patience is running out
With no discernible results in the service on offer or the bottomline, the large amounts spent by Tata Sons on Air India’s turnaround get harder to justify