India refuses to rescue aviation billionaires

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THE ECONOMIC TIMESDaily Newsletter Wed, Jul 01, 2020 | 05:23 PM IST

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Top stories of the day India refuses to rescue aviation billionaires Modi's administration hasn't doled out funds to industries or airlines backed by private businesses.... Gold prices hit all-time high of Rs 48,871 Airtel to sell around 25% in Nxtra to Carlyle Coronil: Patanjali says didn't claim cure for Covid What a 2nd wave of virus will cost the world Ambani's not getting a walkover in this game Boiler blast in Tamil Nadu leaves many dead, injured China's outcry over apps ban & its own Great Firewall

Debate This Is an app ban enough for China? Economically damaging China may be next to impossible for India, given its dependence on its northern neighbour in sectors from pharma to telecom. Banning apps may be a token of India's will to impose economic costs on China in the event of Beijing persisting with its unilateral moves on the LAC. But confronting the superpower in cyberspace is of little use unless it can be followed up with large-scale efforts to ramp up local manufacturing.

SENSEX 35414.45 498.65 NIFTY 50 10430.05 127.95 USD/INR 75.60 0.08

Top Gainers NSE 5 companies (largecap) appreciated more than 5% Axis Bank 6.54% Bank of Baroda 5.76% More from Gainers Top Losers NSE 1 company (largecap) price decreased more than -3% Adani Green Energy Ltd. -4.99% More from Losers

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The trade war with China has a clear winner. It's not India Bold reforms will be needed if India has to make its position as the next best alternative. ... How to ban an app in India Pakistan part of the move China is making? Trump's order leaves many US workers stuck in India India's factory activity shrinks for 3rd straight month Maruti Suzuki sales drop slows in June at 53.7% June GST collections stand at Rs 90,917 crore App ban won't impact your Chinese phones, for now India's June jobless rate falls to 11%: CMIE Power consumption dips to 9.74 pc to 106.48 BU in June

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