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Wednesday, August 13, 2025
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

Hrithik Roshan & Jr NTR in Janaab-e-Aali is exactly what a dance-off should not be

Forget comparing it with classics like Hrithik’s Ek Pal Ka Jeena or the slick title track of Dhoom 2, Janaab-e-Aali does not even come close to Ghungroo.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

India expands Southeast Asia defence footprint with new joint venture in Philippines

Memorandum of understanding between SMPP and ADFC was signed during state visit of Philippines’ President to India earlier this month.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.