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Thursday, August 7, 2025
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

AI integration for military is risky business. Combat monopoly must remain with soldiers

The Army has plans for a technology thrust in the near term, including the use of AI to support decision-making. While well-intentioned, this may have unintended consequences.

Web of spoof sites, scam call centres. Crypto theft racket modus operandi in focus amid ED crackdown

As part of the crypto theft racket, businessman Chirag Tomar and his aides targeted 542 victims and managed to steal a total of Rs 19.9 million.

Pakistan army chief Asim Munir to attend CENTCOM chief’s farewell, second visit to US in two months

Munir was earlier in America in June when he had a two-hour luncheon meeting with the US president at the White House.

Pakistan, Dhaka have played Washington well. Back home, Modi ecosystem has an inner conflict

To protect ourselves from Trumpian diplomacy, first we must introspect the bipolarity within our establishment discourse.