The real consequences of Harry Potter numbers

THE ECONOMIC TIMES Tue, Jun 11, 2019 | 05:53 PM IST Slideshows Newsletter

The real consequences of Harry Potter numbers Arvind Subramanian has dropped a bombshell – for folks who care about things like measuring growth and making policy. Nirav Modi will be Vijay Mallya's roomie at Arthur Road prison If extradited to the country Nirav Modi will be lodged in Barrack 12 of Arthur Road jail in Mumbai, the same barrack where Vijay Mallya will be lodged in case he is also extradited to India. Cyclone Vayu to intensify into severe cyclonic storm, NDRF deployed A deep depression over the Arabian Sea which brewed over the past two days has intensified into a cyclonic storm and is likely to hit the Gujarat coast on June 13 morning. Drones, big money and cheap drugs: The Laos route spewing meth into Thailand As dusk falls along the Mekong River, a nightly dance begins between Thai border security and Laos drug gangs now using drones, scouts and a pool of poor fishermen to shift record amounts of meth into Thailand. Helicopter crashes into New York City building The crash near Times Square and Trump Tower on Monday shook the 750-foot (229-meter) AXA Equitable building, sparked a fire, and forced office workers to flee on elevators and down stairs. Tokyo seen from commuter train line Want a glimpse of daily life in downtown Tokyo? Take a ride on the Yamanote loop line. For most Tokyoites, the line is an incredibly punctual and efficient transportation system for commuting. For tourists, it offers a glimpse into the lives of ordinary people in many of the city's neighborhoods. In fluke experiment, espresso quells rare genetic disease A lot of people say they cannot live without coffee, but for one 11-year-old boy living in France, that may be literally true. This temple helps nurture 'extinct' turtle back to life The pond of the Hayagriva Madhav temple in the Hajo pilgrimage centre has provided a safe haven to black turtles, thanks to the sacred status of turtles protecting them from harm. Flipkart moves away from China to give boost to Make in India Walmart-owned Flipkart has moved a substantial part of its manufacturing and sourcing for inhouse brands from China and Malaysia to India over the past year, helping to cut costs and comply with the government's Make in India initiative. That has helped Flipkart reduce prices of private label products sold across 300 categories on its platform. Valuation matrix: What's cheaper & what's dearer After the election euphoria fizzled out, the domestic stock market has shifted focus back to earnings. There are a number of sectors, that look rich in valuations, while others look inexpensive despite recent gains. Here is quick look at sectoral valuations vis-à-vis their long-term averages.

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