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Tuesday, January 13, 2026
TopicBloomberg wire

Topic: Bloomberg wire

GST cut fuelled Rs 6 trillion festival shopping boom in India

Items like jewellery, electronics, apparels, furnishing, and sweets were most in demand, the Confederation of All India Traders said in a statement.

RBI back to defending rupee after October gains fizzle

Uncertainty over tariffs on India’s exports to the US and a less certain path for Federal Reserve rate cuts are exerting pressure on the rupee, which fell for a third straight session on Monday to 88.7988 against the dollar.

Lenskart IPO sold out in 5 hours, but sparks concern over high startup valuations

Analysts say the worry is that mutual funds — whose inflows are dominated by household money — may be paying steep valuations for startups yet to establish profitability.

Trump wants more US nuclear weapons tests. What does that mean?

If US was to revive its testing activity, it would open the door for China to resume testing, and they’re the only one of Big Five that needs new test data, an expert says.

A new investment opportunity: India’s data centre boom powered by Google, OpenAI

Investors are turning to local companies, from equipment makers to power generators, for facilities needed for AI. Investments in the data centre market alone are projected to top $100 billion by 2027.

Sudan is being ravaged by a civil war the world has overlooked

The conflict took a disturbing turn in October, when a paramilitary force seized control of El-Fasher. Government and civil-rights organisations accused it of widespread atrocities, including the killing of 2,000 people.

Ford to invest $370 million in India, defying Trump’s local push

The Maraimalai Nagar manufacturing site in Tamil Nadu will be retooled to make high-tech engines for export, with an annual capacity of 235,000 units.

Oil tanker with cargo from sanctions-hit Russian firm idles off Mumbai

The Ailana reached waters off Mumbai on 24 October, and has been nearly stationary since then, with the cargo still aboard. US had sanctioned Rosneft and Lukoil PJSC two days before.

Elon Musk’s SpaceX pitches for accelerated moon landing plan after NASA pressure

The company’s decision to offer a new plan comes after NASA acting administrator Sean Duffy said he was opening up SpaceX’s lunar contract to rivals.

Starbucks was once progressive. It’s now approaching a dangerous spot in culture wars

Former CEO Howard Schultz once told shareholders those who opposed his support of same-sex marriage were free to invest elsewhere. But now, CEO Brian Niccol seems to be selling Starbucks as a place that just, well, sells coffee.

On Camera

Don’t mistake India’s economic recovery for a new era of rapid growth

The underlying issue is that there hasn’t been enough of a structural change in the economy since the launch of reforms in 1990-91, despite per capita incomes multiplying nearly five-fold.

Grounded no more: Andhra govt revives no-frills Dagadarthi airport near Nellore to boost south coast link

As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.

Oreshnik, ATACMS & Storm Shadow: All about the missiles Russia and Ukraine are firing

Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.

Thank you Donald Trump, again. India now has reason to shed fear of trade deals and risky reform

UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.