Working alongside Prime Minister Narendra Modi, Mr. Jaitley oversaw major economic experiments and earned respect in a fractured political landscape. Source: NYT > Business – Kai Schultz
Inside India’s Messy Electric Vehicle Revolution
A million electric rickshaws sprang up out of nowhere and are now being used by 60 million people a day. The government and vehicle makers are struggling to catch up. Source: NYT > Business – Saumya Khandelwal, Vindu Goel and Karan Deep Singh
The World Has a Diamond Glut. Why Is That a Problem?
Mines are closing, and middlemen are being squeezed. But don’t expect bargains at the jewelry counter. Source: NYT > Business – Elizabeth Paton
India Shut Down Kashmir’s Internet Access. Now, ‘We Cannot Do Anything.’
Pharmacists can’t restock medicines; workers aren’t being paid. But the government still loves to block the internet for “peace and tranquillity.” Source: NYT > Business – Vindu Goel, Karan Deep Singh and Sameer Yasir
3 Countries Cut Rates as World Braces for More Trade War Turbulence
Central banks in India, Thailand and New Zealand cut interest rates in what one analyst called “defensive action” amid fears of worsening U.S.-China tensions. Source: NYT > Business – Alexandra Stevenson
India’s ‘Coffee King’ Found Dead Amid Financial Troubles
V.G. Siddhartha beat Starbucks to dominate India’s retail coffee industry, but he also faced growing debt and pressure from the tax authorities. Source: NYT > Business – Kai Schultz and Ayesha Venkataraman