India’s biggest banks are piling on the losses, and investors are loving it

18 hours ago 7ring 0
The Indian banking sector is in a curious situation: Some of the country’s biggest banks are reporting losses, yet stock markets are rewarding them. The State Bank of India (SBI), India’s largest lender, reported a 38% decline in its net profit in the July-September quarter of financial year 2018. Given the decline, one would have Read More

If the entire US went vegan, it’d be a public health disaster

3 days ago 7ring 0
Switching to the vegan dream would be a nutritional nightmare for Americans. That’s according to new research published this week by the US National Academy of Sciences that poses big questions about how the US agricultural sector can be changed and improved in the future, to mitigate climate change without causing deleterious effects on the Read More

In photos: The show is almost over at India’s old single-screen cinemas

4 days ago 7ring 0
Growing up in Varanasi, Uttar Pradesh, Nandita Raman often visited Chitra Talkies, the single-screen theatre that her family owned. But when she returned to see it again after several years living and working in New Delhi, she found that it had closed down and completely changed on the inside. “When I visited it I realised Read More

Moody’s ratings and Modi’s expectations are finally on the same page

4 days ago 7ring 0
The Narendra Modi government has just received a pat on the back from a heavyweight—credit rating agency Moody’s. Moody’s has upgraded India’s ratings after a gap of 13 years in a report released on Nov. 16. The country’s sovereign rating has now moved a notch above Baa3, the lowest investment grade and just a level Read More