BUSINESS
Brightcom now among worst this year after 2,500% rise in 2021
The ad-tech firm’s stock has declined more than 70% in 2022, making it the worst performer on S&P BSE 500 Index, data compiled by Bloomberg shows.
BUSINESS
Gautam Adani says India will add $1 trillion to GDP every 12-18 months
“This century belongs to India,” Adani said during an interview with local news channel India Today late Wednesday. The first-generation entrepreneur also sees India becoming a green hydrogen exporter, adding that a government production-linked incentive plan makes the business viable and attractive.
BUSINESS
Actually, it has been a wonderful year for tech’s future
By the time the clock rings out 2022, the tech-heavy Nasdaq will have put in one of its biggest annual declines in at least 14 years.
BUSINESS
India’s food subsidy rejig is politically deft, Nomura says
The withdrawal of the free food plan was always going to be politically tricky, but the simultaneous reorientation of the food public distribution system makes it an easier political sell, Nomura economists Sonal Varma and Aurodeep Nandi wrote in a report to clients Tuesday.
BUSINESS
Indian fintechs face a tough 2023 as investments cool, Bain says
Investors into the country’s fintech space that has drawn heavyweights from Warren Buffett’s Berkshire Hathaway Inc. to Masayoshi Son’s SoftBank Group Corp., in the past few years, are getting more diligent as global financial conditions tighten. That has intensified the competition for capital, Pozhath said.
BUSINESS
Five scenarios that threaten more strife for global markets
While optimists are betting on central banks pivoting to interest rate cuts, along with China fully emerging from its Covid isolation and conflict in Europe abating, others are on the lookout for risks that may throw markets back into turmoil.
BUSINESS
Bangladesh gets first metro rail to ease Dhaka traffic
A section of the 20-kilometer (12.427 miles) urban rail project, known as Line 6, will be inaugurated by Prime Minister Sheikh Hasina Wednesday.
BUSINESS
Construction boom sets up India as global steel saviour
Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernize roads, rail networks and ports in attempt to vie with China as a manufacturing hub.
BUSINESS
Best nonfiction of 2022: Great books that will make you think
The author is even-handed but not starry-eyed. Particularly chilling are her accounts of the “punitive” raids against the indigenous people, expeditions even dissenters were expected to join.
BUSINESS
What we learned about Hybrid work in 2022
In most big cities, offices are still empty more than half the time. Even in Austin, Texas — which has the highest occupancy rate among large cities, according to Kastle Systems badge-in data — workplaces are still much emptier than before the pandemic.
BUSINESS
China’s economy is showing increasing strain from the Covid Tsunami
Bloomberg’s aggregate index of eight early indicators showed a contraction in activity in December from an already weak pace in November and the outlook is grim for the new year.
BUSINESS
India beats global markets: What propelled the rally this year
The BSE Sensex Index is up 3 percent so far in 2022, the biggest gain in the world after measures in Singapore and Indonesia. A solid run of earnings buoyed key benchmarks to record levels, making the market larger than the UK
BUSINESS
Excessive RBI hikes a risk to growth, jobs: Jayanth Varma
“What I am worried about is sub-par growth after two lost years,” Jayanth Rama Varma, a member of the Reserve Bank of India’s rate panel, said in an email interview, referring to the time lost to the pandemic.
ECONOMY
China’s economy shows increasing strain from the Covid tsunami
Although there’s no reliable data on the extent of the spread of the virus or the number of sick and dead now, it had reached every province before the end of extensive and regular testing
LUXURY-LIFESTYLE
Raffles London and 12 more exciting European hotels opening in 2023
Modern glamour defined by Bulgari in Rome. An Austrian castle on a lake. An architectural masterpiece that once was Britain’s War Office - the most exciting European hotels, arranged by expected launch date in 2023.
BUSINESS
Elon Musk warns against margin debt on risk of market ‘mass panic’
“I would really advise people not to have margin debt in a volatile stock market and you know, from a cash standpoint, keep powder dry,” Musk said in the All-In podcast released Friday.
BUSINESS
The biggest risk to India's growth story is not the coming recession
India’s $3.18 trillion economy expanded 6.3% from a year ago in the quarter to September, down from 13.5% in the previous three months. The deceleration comes amid fears of slowing global economic growth due to restrictive monetary policy to curb inflation.
BUSINESS
Centre may spend less on fertilizer subsidy to ease fiscal burden
The lower fertilizer allocation will help with India’s goal of cutting its budget deficit. Food and energy costs have jumped after Russia’s invasion of Ukraine. The government’s spending on food, fertilizer and fuel is set to exceed the budget estimate by almost 70% this year.
BUSINESS
Elon Musk’s frequent Twitter polls are at risk of bot manipulation
With less than $100, one can buy tens of thousands of votes for Twitter polls using bot-for-hire manipulation services, according to the nonprofit digital rights group Accountable Tech.
BUSINESS
Top banks vie for no.1 bond spot as credit demand surges
Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments. Corporate bond sales also got a boost this month from record issuance of riskier debt by banks to buffer their capital and allow more lending.
BUSINESS
$4 billion investment fund NIIF faces questions from government
Critics inside and outside the government complain that NIIF — which handles about $4.3 billion in assets — lacks vision, decisiveness and the ability to win over investors.
BUSINESS
Rules likely for quicker resolution of real estate bankruptcies
The proposed change to the nation’s Insolvency and Bankruptcy Code will permit resolution of the cases on a project-wise basis, the people said, asking not to be named, as the information is not public.
WORLD
China's covid wave could spark a dangerous new variant, fears the world
The situation in China is unique because of the path it’s followed throughout the pandemic.
WORLD
China’s soaring Covid cases send people to black market for pills
The country’s abrupt U-turn on Covid Zero earlier this month surprised health experts and residents, as officials appear to have done little planning for the inevitable rise in cases that comes with reopening.
