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TopicBloomberg wire

Topic: Bloomberg wire

Modi’s developed-nation dream strains against India’s growth gap

The ambition Viksit Bharat — or Developed India— has become a centerpiece of Modi’s third term. However, assuming the current rate of growth, India’s economy would fall short.

Nepal warns of more floods disrupting rescue efforts

At least 690 people have been confirmed dead, while over 3,000 are still unaccounted for, according to figures provided by Nepal and China.

Wall Street piles on rate-hike bets as Warsh renews hawkish tone

The dollar rallied and gold fell, while 30-year Treasury yields were little changed, signaling confidence that the Fed will act to contain inflation and keep long-term borrowing costs in check.

Wall Street piles on rate-hike bets as Fed chair Warsh renews hawkish tone

The dollar rallied and gold fell, while 30-year Treasury yields were little changed, signaling confidence that the Fed will act to contain inflation and keep long-term borrowing costs in check.

India’s forex reserves hit all-time high of $729.3 billion after RBI’s steps to attract capital

Steps taken by  RBI in early June hel avert what could have been an unprecedented third year of a deficit in India’s broadest measure of money flowing in and out of the economy.

OpenAI hires Sandhya Devanathan to lead Southeast Asia, Australia after she quits as Meta India V-P

In a newly created role, Sandhya Devanathan will be OpenAI’s senior-most leader in the region. She had joined Meta in 2016.

Nepal will need at least ‘a few billion dollars’ for flash floods recovery, says finance minister

In the second phase, the government plans to put in place temporary shelter, providing basics including food, water, electricity, and telecommunications, and possibly ‘cash for work initiatives’.

Meant to improve end-of-day prices, India’s new closing-auction system is producing extreme swings

The first monthly expiry at the BSE Ltd. under the new system on Thursday showed how wild the swings can get.

Tata Group, Shapoorji Pallonji in share swap talks for Tata Sons stake sale

There’s no certainty that the ongoing talks will lead to a deal and the structure of the transaction may change as negotiations proceed.

Ex-RBI governor Rajan urges US Federal Reserve to hike interest rates to contain inflation

On India, Rajan said the rupee has held up better than some had feared. The currency is currently around 95.50 a dollar, up from nearly 97 in May.

On Camera

What Ananta Lal Singh’s biopic reveals about the political memory of Bengal’s nationalist past

Beyond its commentary on state corruption, Pathikrit Basu’s Keu Bole Biplobi, Keu Bole Dakat drops several socio-political Easter eggs that reflect contemporary Bengal's identity debates.

Wall Street piles on rate-hike bets as Warsh renews hawkish tone

The dollar rallied and gold fell, while 30-year Treasury yields were little changed, signaling confidence that the Fed will act to contain inflation and keep long-term borrowing costs in check.

India eases defence export rules, cuts procedural burden, expands licence window

At the centre is OGEL framework—a standing, one-time export authorisation that allows eligible defence exporters to generate authorisations for multiple consignments without applying separately for each.

Pakistan’s most embarrassing secret is internationalised. Now cricketing world is looking out for Imran

Given how arrogant and self-loving Imran is, he may not be capable of introspection even in the isolation of Adiala jail. The harsh truth is, he played the same game when it suited him.