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Monday, November 24, 2025
TopicBloomberg wire

Topic: Bloomberg wire

India sees widest budget gap in 6 years as it breaches target on poor tax collection

The slippage adds to the challenges faced by PM Modi, who is trying to salvage growth that has ground to a halt due to a nationwide lockdown to curb Covid-19 spread.

Modi govt’s relaxed lockdown not enough to revive India economy, says Axis Bank study

Though Modi govt eased restrictions after 40 days, a majority of bank loans and deposits are concentrated in areas designated red zones, noted the study.

Virtual concerts in lockdown are creating a new world of intimacy between artist and audience

Devoid of the usual frills, these concerts offer a more 'real' version of artists, who even engage with audience in a way live concerts don't allow.

Once a fad, livestream shopping may be the best bet for retailers in a post-Covid world

For many goods and services, online shopping is now the only kind of shopping that exists, and that could last until a coronavirus vaccine is widely available.

Why consumers will swing between saving and splurge during Covid-19

Research shows that in the middle of great social trauma, buying behaviour is tied to how people feel about their own mortality.

Trump had 2 intelligence briefings in Jan that said Covid wasn’t deadly or of much import

During the briefings, held in the last week of January, Trump was told that the virus would spread from China, and that Beijing was withholding key data on it.

Recovery in oil consumption could take decades as aftermath of Covid crisis remains unclear

After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.

Good science takes time. Finding a coronavirus miracle isn’t a job for social scientists

The Covid-19 pandemic has highlighted the importance of what social scientists do on a regular basis, and in time, it will matter whether they answered questions well.

Researchers say vaccine for Covid-19 could be ready in a year, to look for ‘signal’ in June

Countries are working on speeding up the process for a coronavirus vaccine as the global numbers continue to rise, especially in US and UK.

After Facebook, Reliance Jio to receive Rs 5,665 crore investment from Silver Lake

The deal is the latest effort by Mukesh Ambani to convince investors that he aims to honour his promise of cutting the group’s net debt to zero by early 2021.

On Camera

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.