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Friday, December 19, 2025
TopicBloomberg wire

Topic: Bloomberg wire

World’s top infra manager is eyeing to buy India’s top PSU oil and gas pipeline assets

Macquarie Infrastructure & Real Assets believes govt will divest non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities.

ICICI Pru Life, Aegon Life insurance keep the faith in Indian stocks amid market mayhem

The 2 life insurance firms are keeping money in stocks despite selling by foreign funds due to the coronavirus-led wave of risk aversion.

For Modi, the 21-day shutdown is an unprecedented gamble

Modi may have felt he was left no choice & his instincts are always to go as big as possible. Shutting down 1.3 billion people for 21 days is as big as it gets.

Modi govt bans export of malaria drug hydroxychloroquine as Covid-19 demand surges

Although there is no conclusive scientific evidence that hydroxychloroquine can treat Covid-19, US hospitals and consumers have begun stockpiling it.

Facebook held talks for 10% stake in Reliance Jio, says Financial Times

Facebook was close to signing preliminary deal for 10% of Jio before Covid-19 travel bans stalled negotiations, Financial Times reported.

How the coronavirus recession is like World War II

There is a lot of discussion about the Great Recession of 2008 but the coronavirus crisis has more in common with World War II.

When social isolation means hiding out in a 5-star resort

Some wealthy outliers are sheltering exactly where they were when the coronavirus news started to ripple around the world—in intimate, remote, five-star hotels.

Why surgeons in Europe and America don’t want to operate right now

Surgeons who are on the front lines are most at risk, not simply of catching coronavirus, but of getting its most severe form.

Tokyo Olympics become biggest sporting event halted by virus

The postponement will be first since modern games began in 19th century and make Tokyo 2020 Olympics the biggest sporting event called off due to COVID-19.

India’s gold sales set to be the lowest in 25 years

Demand in the world’s second-biggest gold consumer had already tumbled before the coronavirus outbreak, slammed by record high domestic prices.

On Camera

Modi govt’s repeal of MGNREGA is all about extracting money from states, not reform

The claim that VB-GRAMG provides an employment guarantee is incorrect. The only guarantee is to 'empower' the Centre to allow partial implementation in notified areas alone.

China is taking India to WTO over subsidies, again. Here’s what it’s arguing before trade body

Dispute will now move to consultative process, which allows the two sides to come to an amicable agreement within 60 days.

Israel has ‘realised who its real friend is’, eyes defence expansion in India amid arms curbs by others

It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.

India’s top airline just handed sarkar the keys. That’s IndiGo’s real ‘crime’

Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.