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Sunday, October 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Gautam Adani seeks to boost his media investments in ambitious expansion plan

Scaling up the media business will give Adani a meaningful presence in an industry where Mukesh Ambani has already made his mark through his Network18 Media & Investments Ltd.

Govt turns to expensive foreign LNG to ease power crisis

Torrent Power & GAIL India bought LNG for May delivery in the last week, with the fuel set to be used to help power plants boost generation.

India’s surprise rate hike spurs aggressive tightening bets

The Reserve Bank of India stunned markets Wednesday with a 40 basis point rate increase and a move to suck out billions from the banking system.

Oil advances ahead of OPEC+ meet after surging on EU’s Russian oil ban

The EU plans to ban Russian oil over the next six months and refined fuels by the end of the year, to increase pressure on Vladimir Putin over his invasion of Ukraine.

Tesla CEO Elon Musk and investor Cathie Wood say passive investing has gone too far

Their discussion was sparked by Marc Andreessen, who said firms like BlackRock Inc. have outsized voices in many corporations because of voting power of their stable of passive index trackers.

A 46 degrees Celsius heat wave is making India’s power crisis worse

Production of coal, the fossil fuel that accounts for more than 70% of India’s electricity generation, has failed to keep pace with unprecedented energy demand from the heat wave.

US considers unprecedented sanctions on Chinese surveillance-technology giant Hikvision

Shares of Hikvision tumbled 10% as US considers imposing sanctions in relation to alleged human-rights violations by China against Muslim minorities in Xinjiang province.

Largest Indian IPO LIC to stay open Saturday for retail investors

Indian government is selling 221.4 million LIC shares between Rs 902 rupees and Rs 949 each, which would raise as much as 210 billion rupees ($2.7 billion) at the top end of the range.

Mumbai international airport gets $750 million from private bond sale to Apollo

The airport's operator, controlled by the Adani Group, sold 7.25-year dollar notes to funds managed by Apollo in order to refinance existing debt and fund new capital expenditure.

India wants Russia to discount its oil to less than $70 a barrel

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away.

On Camera

Make it a Fundamental Right of every religionist to propagate, convert: TT Krishnamachari

On 6 December 1948, TT Krishnamachari spoke in the Constituent Assembly during a debate on Article 19, supporting it as it is, including how it's framed in the matter of religion.

How businesses can become more resilient to the physical impacts of climate change

Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.

IAF chief AP Singh red-flags Tejas delay, says China ahead in technology & production capacity

Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?