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Sunday, October 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

India soaks up major Russian oil variety as flows persist

India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month.

Russian billionaires face fresh blow after Putin bans firms from foreign stock listings

Putin signed off on legal amendments that require Russian companies to delist their overseas shares, winding up a process that has gathered pace with the annexation of Crimea in 2014.

Rape is a war crime that goes unpunished

What’s happening in Ukraine is one of the worst large-scale campaigns of sexual violence in war since Islamic State’s attacks on the Yezidi minority in Iraq in 2014.

JSW Group plans to switch majority of its bonds to green instruments

There is a 'high-probability' the company will switch to only selling sustainability-linked bonds or green bonds over the next five years, group CFO Seshagiri Rao said.

SC reserves verdict on mining companies’ pleas to lift ban on iron ore export from Karnataka

The Indian Steel Association has opposed the petitions by mining companies, saying allowing exports will benefit Chinese steelmakers.

Pakistan’s political crisis that toppled Imran Khan’s govt has been an energy crisis too

Successive governments have failed to back renewables, cutting the country off from the cheapest source of indigenous energy. The new PM Shehbaz Sharif could change all that.

Holcim considering sale of $9.6 billion stake in Ambuja cements

The Swiss giant is considering a potential sale of businesses in India including Ambuja Cements Ltd. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.

Indian backdoor for Russian oil weakens calls for European ban

India’s diesel exports in March were highest since April 2020 when it hit 847,000 barrels a day, according to Jane Xie, a senior oil analyst at data and analytics firm Kpler in Singapore.

Infosys sales forecast trend lower than expert estimates as demand for IT services cool down

Revenue this fiscal year ending in March 2023 will increase 13% to 15% in constant currency terms, lagging the 17% growth analysts had projected on average.

With only 1.5% rise in prices last month, China can teach the West a lesson on inflation

The US reported 8.5% year-on-year jump in March, while inflation in the UK soared to 7%, a 30-year high.

On Camera

Is support reducing for Kolkata doctors? Mamata not the only one who has to course correct

West Bengal is ready to welcome its daughter home for Durga Puja, but the family is unable to keep the deep-rooted discord within from spilling out. At its head is Mamata Banerjee.

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?