Jobs
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The report is based on data from multiple sources, including from government reports and NSS, up to 2015-16.
Neighbourhood watch
India, Russia may wrap up strategy on nuclear ties
Russia-supported Kudankulam Nuclear Power Plant (KNPP) is one of the largest nuclear power stations in India. It is scheduled to have six VVER-1,000 reactors with an installed capacity of 1,000 MW each.
IL&FS saga
IL&FS was warned of a mess in its books 3 years back
The top management of the finance company declined to take corrective measures, two senior officials said.
Don’t Miss The Slideshows
The amazing story of Mossad-run holiday resort
A stunning operation by Israeli intelligence agency Mossad in the 1980s that saw agents set up a fake diving resort in Sudan to rescue Ethiopian Jews is due to become a Hollywood film.
Bad loans
Falling, not rising, cronyism is pushing up NPAs
Rajan says one reason for NPAs was over-optimism after the success of PPPs in infrastructure during 2006-08.
Defence
Unfazed by Rafale fire, France offers fighter for Navy
The French Navy feels it will be suitable for India and can be easily integrated onboard the aircraft carrier.
Auto
Made-in-India Mercedes set to drive into US
The company’s US subsidiary will be importing its best-selling SUV GLC from India. Mercedes-Benz India has already begun shipments from the country and cars made here should reach the US next month.
Corporate buzz
Ambani earned Rs 300 cr per day over last one year
Ambani holds the top position for a 7th year on over 45% rise in shares of Reliance.
Selling point
A 24-year-old is running India’s biggest hotel chain
The latest round values OYO, which was founded by college dropout Ritesh Agarwal, at about $5 bn.
Indicators
Households are reducing their reliance on banks
Coming with an unsaid sovereign guarantee of sorts, fixed deposits (FDs) seemingly offered investors liquidity — and safety — as nationalisation sought, in part, to arrest the 40-odd bank failures a year.
Market watch
Yes, IL&FS is bad news but not in the way you think
MFs continue to invest in NBFCs and HFCs, who have come back to the market.
Money & You
5 things not to do when the stock market is volatile
There is enough bad news going around to keep you on your toes. It is times like that as an equity investor you should be extra vigilant with your investments and not take knee-jerk decisions.
via ET
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