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Sunday, October 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

James Murdoch firm leads Rs 135 billion funding in Ambani media arm

Bodhi Tree Systems will lead a group of investors to pour the cash into Viacom18 -- a joint venture between Ambani and Viacom Inc., the companies said in a joint statement Wednesday.

Elon Musk’s Twitter has a cryptocurrency swamp to drain

Musk has promised to drain the network’s swamp of scams, spams & bots — a contradictory goal, given they thrive in the same frictionless hive of communication that makes Twitter's money.

India’s gold demand could take bigger beating if prices continue to spiral upward

Sales slumped 18% from a year earlier & imports plummeted over half in the first quarter as prices surged & fresh Covid outbreak kept people away from stores, World Gold Council said.

Global chipmakers assessing India plant locations, says minister

Some of the world’s biggest chipmakers are evaluating locations in India for new plants in a bid to broaden manufacturing beyond their home bases.

Oil rises after Russia cuts gas supplies to Poland, Bulgaria, escalates EU’s energy crisis

The global benchmark’s prompt timespread was 42 cents in backwardation compared with as high as $4.64 in early March just after the Russian invasion of Ukraine.

Russia says it cut natural gas flows to Poland & Bulgaria as they failed to pay in Ruble

European gas prices surged more than 20% on the move and the euro fell to its lowest against the dollar since April 2017.

RBI rate-setter signals increase in borrowing cost in June after prepping market

The Reserve Bank of India earlier this month said it would begin focusing on withdrawing accommodation while still holding rates steady at a record low of 4%.

Stocks and commodities tumble as China lockdown fear rattles investors

The Stoxx 600 Europe Index fell more than 2%, with miners & energy firms at forefront of losses. US equity futures fell, S&P 500 contracts down about 1% after gauge shed 2.8% on Friday.

How to avoid Covid in a mostly mask-free world as rules ease

Calculating and managing one’s personal risk of Covid in a community might be getting trickier, but it’s still possible. Here are the most straightforward ways to minimise your risk.

ITC resorts to partial price hikes on its dairy products in a move to limit pain on buyers

The comments from the country's biggest maker of fast-moving consumer-goods comes on the back of its smaller rival Nestle India's grim outlook on rising input costs.

On Camera

How Modi govt’s Atmanirbhar policy could have hobbled BSNL’s efforts to catch up in 4G race

Restrictions on use of equipment from global vendors have necessitated new indigenous technology being developed, tested & deployed—further delaying BSNL's 4G & 5G launch.

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?