Dark clouds and a silver lining: In search of the Indian Dream
El Niño, the warm current in the Pacific Ocean that is exacerbating bad weather in the Global South. Check out this Plain Facts piece and its 6 charts to understand why the world could be staring at a food shortage. On the other side of the coin, Sayantan Bera explained why India should consider limiting the advertising of junk food, based on the World Health Organisation's recommendations.
This is connected to India's rising public health crisis and the influence of celebrities who could be marketing harmful ingredients to gullible audiences. Sayantan Bera and Puja Das deconstruct the nature of the Monsoon this season, and how it might be worse to be receiving more rain because of its uneven distribution on our calendar. They also tell us what this means for agriculture and food supply in the months ahead.
Puja Das reports that the government may cut GST on ghee and butter, possibly a move to boost consumption and encourage more income for dairy farmers in the lead up to India's Parliamentary elections next summer. Information technology (IT) companies, darlings of investors and India's global economic heft, had a hard time this past week. It was not a pretty results season, with TCS and Wipro slowing down, reports Mint's Varun Sood from Mumbai and Bangalore, respectively.
Analysts were not crazy about both companies, and this could be reflecting in TCS market fundamentals writes Harsha Jethmalani, our Mark to Market analyst. IT companies have had serious staff concerns for many months now and it does not augur well for them, report Devina Sengupta and Manjul Paul. TCS, HCL and Wipro saw wage costs as a share of revenue increase to a 5-year high.
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