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Saturday, October 5, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Paytm shares tumble after RBI bars its payments bank from accepting new customers

RBI statement said action against Paytm Payments Bank based on “material supervisory concerns” & restrictions will continue pending an audit of its information-technology systems.

Europe increased arms import ahead of Russia-Ukraine war, says peace research institute report

The study by Stockholm International Peace Research Institute showed European states accounted for 13% of global arms transfers between 2017-2021, up from 10% in previous five-year period.

Russia sought Chinese military aid for war with Ukraine, claims US

While Chinese embassy spokesperson in Washington, Liu Pengyu, has denied claims, the request — if made — suggests Vladimir Putin has faced more setbacks than he imagined in his invasion.

Uncertainty about next Covid wave understandable, but posturing must be avoided

It would be less compelling to tell the truth; that Covid's patterns are still unclear. But that might be better for building trust amid the general public in the long run.

As BharatPe removes all trace of Ashneer Grover from site, a look at the startup king’s fall

Within BharatPe, a ferocious split has divided the startup’s board from Grover, the co-founder and former MD. In recent days, senior leadership has accused Grover of misappropriating funds.

BJP wins UP, but rising prices & inflation still likely threat to Modi ahead of 2024 elections

UP, where Modi was star campaigner, is seen as a test of PM's popularity ahead of 2024 general elections. Win could strengthen his position & allow him space to implement hard-to-sell reforms

Gold held gains after Russia Ukraine talks failed to resolve ongoing conflict between countries

Gold and various other commodities have fallen from recent highs. Concerns remain over threat of an inflationary shock to global economy as Federal Reserve prepares to raise interest rates.

‘Crazy’ crypto brain drain rooted in India’s regulatory limbo, says Polygon co-founder

Sandeep Nailwal, who co-founded Polygon — which operates the biggest so-called Layer 2 protocol for the Ethereum blockchain system — in 2017, relocated to Dubai two years ago.

How Mukesh Ambani outfoxed Amazon in Rs 20,000 crore deal dispute

Ambani’s bloodless coup forced Amazon to seek settlement on the bitter dispute and alarmed Future’s investors and lenders wary of asset-stripping.

Modi govt could lower base price for 5G airwaves in auction this year

A lower floor price would be a huge boost for Airtel and the unprofitable Vodafone Idea, 2 of the only 3 private sector operators left after Jio disrupted the market in 2016.

On Camera

Samantha’s divorce has become a never-ending saga. Just let her be

Konda Surekha’s "apology" to Samantha only came after backlash from Nagarjuna, and Tollywood stars like Junior NTR, Allu Arjun, and Baahubali director SS Rajamouli.

#ByeByeAP to #LuluBackInAP: Naidu’s moves to make Andhra ‘business friendly’ & woo back investors

The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.

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?