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Thursday, May 15, 2025
TopicBloomberg wire

Topic: Bloomberg wire

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Indian companies look towards sanction-ravaged Russia to expand their operations

From drugmakers to consumer good firms, numerous Indian firms are eyeing Moscow for more contracts, seeking fresh partners and vendors.

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Hong Kong’s future as financial center in jeopardy after Xi Jinping tightens restrictions

Situation looks dire with the annual economic growth forecast decreased, mainland's rigid Covid policies affects the city's competitive edge.

NATO summit: Finland and Sweden closer to joining, China in focus

The G-7 nations made proposals to limit Putin's energy revenue by lowering oil and gas prices. Further, pressure was put on Beijing of a larger military alliance in the Asia-Pacific.

Oil prices fall as concerns over recession overshadow tightening supply

West Texas Intermediate fell to trade near $111 a barrel after adding around 7% over the previous three sessions.

In a move to expand in US, Byju’s offers over $1 billion for edtech firm 2U

Byju’s is said to have made the offer of about $15 a share to 2U’s board last week. The offer represents a 61% premium to 2U’s closing price of $9.30 on Nasdaq on Tuesday.

Zomato loses about $1.1 billion of market value in two days after Blinkit acquisition deal

Shares of the food-delivery platform tumbled 8.4% in Mumbai trading Tuesday on top of a 6.6% drop Monday. The two-day fall to Rs 60.3 put shares 21% below the IPO price.

Mukesh Ambani names son Akash Ambani successor of Jio, appoints him chairman of the board

Akash Ambani, non-executive director of the country’s top wireless carrier, was appointed chairman after Mukesh Ambani resigned from the board.

Central banks in Asia spend billions to bolster weakening currencies against rising US dollar

Learning from the 1997 Asian financial crisis, central banks have been accumulating dollars to help defend their currencies during periods of wild market swings.

On Camera

India inflicted a psychological defeat on Pakistan—by the skin of its teeth

As Chinese military strategist Sun Tzu said, ‘To win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.’

Northeast set for economic take-off with Rs 1.12 lakh cr in investment commitments from Tata, Reliance

Driving this wave of interest is the upcoming Rising North-East Investors Summit in New Delhi, organised by the Ministry for Development of the North Eastern Region.

From Pechora to S-400, Russian air defence systems India used to repel Pakistan’s aerial incursions

From legacy air defence guns to modern surface-to-air missile systems, the network of Soviet-era and contemporary Russian platforms blunted aerial threat between 7 and 10 May.

What is Asim Munir thinking?

Kashmir’s return to normalcy, for Pakistan Army Chief Gen Asim Munir, had to be reversed. Pahalgam wasn’t plotted in the week between the speech. It must have taken several weeks, if not months of planning.