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Sunday, October 6, 2024
TopicBloomberg wire

Topic: Bloomberg wire

‘Akshata Murthy doesn’t need to pay taxes on foreign earnings,’ team dismisses allegations

Her husband and British finance minister Rishi Sunak declared Murthy’s tax status to Cabinet Office when he first became a minister in 2018.

Tata Group’s new ‘all-in-one’ app packs power brands to rival Amazon, Reliance

From apparel to airline tickets, the company's super app 'Tata Neu' will have in-house brands including Croma, Westside, AirAsia India, the Taj chain of luxury hotels & BigBasket.

Mocked by Biden as ‘rubble’, the ruble rises as Europe can’t stop guzzling Russian gas

The rapid ruble recovery gives Putin a major victory back in Russia, where many people fixate on the currency’s ups and downs, even as his military gets bogged down in Ukraine.

RBI likely to extend rate pause, revise its inflation outlook

The central bank will likely raise its inflation outlook to reflect costlier oil while leaving borrowing costs steady at this week’s meeting.

Suspected Chinese hackers collected intelligence from country’s grid near Ladakh, says report

The hackers focused on at least 7 'load dispatch' centres that are responsible for carrying out real-time operations for grid control & electricity dispersal, a US intel firm reported.

Jet Airways coming back with hybrid of premium and no-frills services model

The airline is set return to the skies that are expected to get more crowded and competitive as billionaire Rakesh Jhunjhunwala-owned Akasa Air gears up to fly later this year.

US warns India of ‘significant and long-term’ consequences if it aligns with Russia

President Biden’s top economic adviser Brian Deese said US have been disappointed by both China and India’s decisions, in the context of Russia's invasion of Ukraine.

Short video app Josh, born after India’s TikTok ban, gets over Rs 6,000 crore funding

A little over half the capital came from Canada Pension Plan Investment Board. Other investors include Ontario Teachers’ Pension Plan Board, Luxor Capital, Sumeru Ventures.

How will Elon Musk change Twitter? Time will tell if involvement is for better — or for worse

Perhaps Tesla CEO's most valuable contribution would be to change Twitter’s metabolism and culture — forcing it to move faster and take bolder risks.

Pakistan court to rule on PM Imran Khan’s no-confidence motion

Pakistan Supreme Court Chief Justice told Khan’s lawyers and those for the Opposition to conclude arguments by Wednesday.

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?