Una Galani is Associate Editor of Reuters Breakingviews, based in Mumbai. She covers a cross-section of business, finance, and politics in South Asia. Una was in Hong Kong from 2013 and previously spent three years in Dubai writing about Middle Eastern economies during the Arab Spring. She joined Breakingviews in 2006 in London. In 2016, she won Asia Pacific Best Editorial Comment at the State Street Press Awards and Reuters global analysis/commentary of the year. She read English Literature at St Catherine’s College, Oxford. Follow @ugalani
The ailing $400 mln Indian carrier has stopped flights to Abu Dhabi, the hub of its 24 pct shareholder. Even with some planes grounded, Jet may be trying to strong-arm support for a restructuring. It’s a harsh reminder that Etihad has more to lose than just its equity investment.
Reliance Retail is India’s top brick-and-mortar vendor, a fast-growing conglomerate within the tycoon’s $118 bln energy-to-mobile giant. Now it is emerging as the top threat to Amazon and Walmart’s local ambitions. Its numbers, though, are a mixed bag.
From free flat-screen TVs to biryani parties and paid news, cash distorts the workings of the world’s largest democracy, otherwise a marvel of staggering complexity. As a home-grown oligarchy takes hold, India needs a leader who can make good politics out of electoral reform.