Tariff War
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Airtel to seek shareholders' nod for waiver of recovery of excess pay to Chairman Sunil Mittal, CEO Gopal Vittal
•Chairman Sunil Bharti Mittal's remuneration in 2018-19 was Rs 21.19 crore more than the ceiling of 11 percent of the company's net profit
Stiff competition, high employee costs lead to financial stress in MTNL, BSNL, but no proposal to shut down state-run units: Ravi Shankar Prasad
•Employee cost of BSNL is 75.06% and MTNL is 87.15% of their total income, while for private telecom companies varies between 2.9 to 5%
Trade disputes likely to dominate 34th ASEAN summit in Bangkok; contentions over South China Sea, Myanmar's treatment of Rohingyas also on agenda
•utheast Asian leaders will discuss the impact of the US-China tariff war, disputes in the South China Sea and Myanmar's treatment of Rohingyas at the 34th ASEAN summit beginning in Bangkok on Saturday.
Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets
Jahanwi •The tariff war is set to create distortions in both regional and global value chains, and its adverse impact is likely to spread to other developing countries, worsening their existing balance of payment challenges.
India, US hold talks over differences in trade, investment; Commerce Secretary Wilbur Ross joins forum by video
•Washington has also had a longstanding grievance with India over its large trade deficit with the United States and what it sees as the Indian government’s lax intellectual property enforcement.
Donald Trump steps up attacks on US Federal Reserve rate hikes; says 'the Fed is out of control'
•US President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices.
Donald Trump claims India wants trade deal with US despite tough stance taken by his administration
•Donald Trump said his trade representatives headed by Bob Lighthizer (the US Trade Representative) are very tough, smart and very good.
Donald Trump wants to stop subsidies to growing economies like India and China, says US should grow 'faster than anybody'
•Donald Trump on Friday said he wants to stop the subsidies that growing economies like India and China have been receiving.
US grew at brisk 4.1 percent last quarter; Donald Trump claims America is 'economic envy of the entire world'
•The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs.
Bharti Airtel reports first-ever loss of Rs 940 crore in Q1; bleeds to retain market dominance
•Bharti Airtel's operational performance was also dragged down by a 16 percent rise in finance cost to Rs 212.65 crore (from Rs 182.74 crore) and forex losses.