Thursday, August 13
India’s economy should be the envy of the world. Official statisticians have just announced that it will grow at a blistering 7.4% in the financial year ending March. But New Delhi isn’t breaking out the champagne just yet. Prime Minister Narendra Modi has a big decision to make later this month — and growth can and will falter if he chooses wrong.It’s one he’s been ducking for the decade-plus that he’s been in power. Since he was first elected in 2014, Modi’s economic policy has had two pillars: Fiscal restraint and ever-higher infrastructure spending. He may no longer be able to manage both. Which will win?From the outside, the economy looks like it is in a “Goldilocks phase,” as the commentator TN Ninan has argued: inflation is low, the trade deficit manageable, and pr
RABAT: Senegal stormed off the field in protest at a penalty awarded against them before returning to beat hosts Morocco 1-0 after extra time and win the Africa Cup of Nations amid farcical scenes in Sunday's final.Midfielder Pape Gueye netted the 94th-minute winner after Morocco's star player Brahim Diaz had squandered the chance to win it for the home side by fluffing the last-gasp penalty in normal time following a 14-minute delay.Senegal coach Pape Bouna Thiaw ordered his players off and it was talisman Sadio Mane who persuaded them to return.The penalty was awarded following a VAR check by Congolese referee Jean-Jacques Ndala after Diaz had been tugged to the ground by Senegal full back El Hadji Malick Diouf while defending a corner five minutes into stoppage time.Offic
ET Intelligence Group: Initial trends in the December quarter results season show aggregate net profit growth restricted to a mid-single digit, bogged down by the weak performance of the top IT companies, while double-digit profit growth posted by banking and finance companies supported the overall numbers. Growth is likely to pick up in the coming weeks as more companies from consumer-centric sectors and those with domestic exposure report numbers. For a sample of 159 companies that have declared quarterly numbers for each of the 13 quarters to December 2025, net profit grew by 5.1% year-on-year, the slowest in at least nine quarters. It was also the second consecutive quarter of single-digit profit growth.126665182 IT Cos Hit by Delayed Decisions Revenue growth at 7.4% remained in singl
