Gita Mehta, whose books transformed Western ideas on India, died today at her home in New Delhi. She was 80. Nicholas Latimer, a vice president and director of publicity at Knopf, where Ms. Mehta’s husband, Sonny Mehta, was president and editor in chief for many years, said the cause was complications of a stroke. Gita Mehta and her husband — […]

Asian markets finished Monday’s trading on a mixed note at the outset of a new week marked by monetary policy decisions by the Federal Reserve, the Bank of Japan and the Bank of England. Minutes from the Reserve Bank of Australia are also due for release early this week. Meanwhile, Japanese markets were closed for a holiday. China’s Shanghai Composite […]

Amazon.com, Inc.’s Prime Big Deal Days are here on October 10 and 11, offering Early Holiday Deals exclusively for Prime members. Beginning on October 10 at 3 a.m. EDT, Prime members can start their shopping early this upcoming season. Along with the United States, Prime Big Deal Days are available in 18 other countries, such as Australia, Austria, Belgium, Brazil, […]

In late August, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) completed its first auction of wind energy development rights in the U.S. portion of the Gulf of Mexico. It was not a resounding success; only one of three available leases received a bid. (These 20 American companies have the worst reputations.) That single bidder, Germany’s […]

President Joe Biden has announced a new package of military assistance that includes significant air defense capabilities to help Ukraine protect its people from Russia’s continued aerial attacks. The $325 million arms package was announced just after Russia launched another wave of airstrikes against five cities in Ukraine that hit critical civilian infrastructure and knocked out power in many parts […]

House prices in Germany declined in the second quarter at the fastest pace since 2000, adding further evidence to the adverse impact of rising interest rates on the real estate market in the biggest euro area economy. Prices of residential property decreased by an average 9.9 percent year-on-year, the statistical office Destatis said Friday. This was the biggest annual fall […]

Investors might be focusing on Import and Export prices, Industrial Production and Consumer Sentiment on Friday. Early trends on the U.S. Futures Index suggest that Wall Street might open mostly up. Asian shares finished mostly higher, while European shares are trading higher. As of 7.55 am ET, the Dow futures were up 64.00 points, the S&P 500 futures were adding […]

India’s bank credit remains resilient and is showing no signs of systematic risk, Reserve Bank of India (RBI) Deputy Governor Michael Patra said on Monday. A copy of the speech was uploaded on the RBI website on Thursday. “Bank credit is monitored as a lead indicator of overheating. Our assessment, based on a menu of approaches, indicates that current rates […]

There have been several positive signals in Bharti Airtel with revenue market share (RMS) growth, better visibility of profits from Africa, and enough free cash flow to pursue deleveraging. Airtel’s 4G and 5G data subscriber net additions were 5.6 million in Q1FY24, and 24.5 million in the last 12 months. Airtel currently has 230 million data subscribers on 4G/5G, which […]

United Auto Workers or UAW members have started their Stand Up Strike at three key plants of Detroit’s Big Three as the deadline passed for automakers to reach deals with the workers. Just after midnight Friday, the union said in a post on X, “The UAW Stand Up Strike begins at all three of the Big Three,” that is, Ford, […]