Bhushan Steel ruling misses big picture

The Supreme Court could have weighed the economic consequences of liquidation | Photo Credit: Akhilesh Much has already been written about the far-reaching consequences of the Supreme Court’s recent judgment in the Bhushan Power & Steel Ltd. (BPSL) case, which marks a pivotal moment for India’s insolvency regime. The judgment cited procedural lapses by the…

RBI’s Record Rs 2.7 trillion dividend to Government fueled by dollar sales and interest gains: SBI Report

The Reserve Bank of India (RBI) has transferred a record dividend of nearly Rs 2.7 trillion for the fiscal year, according to a report by the State Bank of India (SBI). The bumper payout—well above the Union Budget’s estimate of ₹2.56 lakh crore—was driven by strong foreign exchange market interventions, robust dollar sales, and rising…

Growth: A district-led approach – The Hindu BusinessLine

India’s robust GDP growth is often celebrated as a sign of economic vitality. But this headline number hides a more complex reality: an analysis of district domestic product (DDP) data across States demonstrates that India’s economic activity is driven disproportionately by a handful of districts, while vast regions remain economically marginalised. Without a sharper focus…

Thailand readies homecoming for stolen ancient statues located in US museum | Arts and Culture News

Bangkok, Thailand – Over several years in the mid-1960s, the crumbling ruins of an ancient temple in northeast Thailand were picked clean by local looters. Possibly hundreds of centuries-old statues that were long buried beneath the soft, verdant grounds around the temple were stolen. To this day, all the known artefacts from the pillaging spree,…

Letters to the Editor dated May 23, 2025

Yunus on a sticky wicket With reference to the news report ‘Bangladesh’s interim govt chief Yunus mulls resignation: Repor’ (May 23), the Bangladesh interim government’s Chief Adviser Muhammad Yunus saying that he would not be able to work in the country’s current situation as political parties failed to reach a common ground, is a reflection…

US Steel shares soar on Trump’s apparent blessing for deal with Nippon | Business and Economy News

Investors interpreted Trump’s comments to mean Nippon Steel had received his approval for its takeover of US Steel. United States President Donald Trump has expressed support for Nippon Steel’s $14.9bn bid for US Steel, saying their “planned partnership” would create jobs and help the US economy. Shares of US Steel soared 21 percent on Friday…