scorecardresearch
Friday, October 4, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Vedanta says no restructuring, won’t spin off businesses, as current structure optimal

Company also said it aims to distribute minimum of 30% of attributable profits after tax, before exceptional items & excluding profits of Hindustan Zinc Ltd., as dividends within 6 months.

Pizza Hut, Domino’s, KFC, face boycott calls in India for Kashmir posts by Pakistan affiliates

The 3 were among brands which trended on social media in India Tuesday, after accounts linked with them tweeted on Kashmir Solidarity Day, a holiday observed in Pakistan.

RBI takes baby steps to balance govt’s borrowing cost and durable recovery for Indian economy

With the government boosting the size of its budget expenditure to keep growth going, it remains to be seen how long RBI would want to be accommodative in its monetary policy.

Oil prices get another tailwind as refiners in India step up purchase

State-run processors — Indian Oil, Bharat Petroleum & Hindustan Petroleum — are 'reaching out' to term-contract suppliers, such as Saudi Arabia & Iraq, for extra barrels, buying on spot market.

Paytm’s rising buy ratings signal return of confidence after IPO disaster

Buy recommendations on One 97 Communications, the operator of Paytm, climbed to 4 this week, up from just 2 at the start of the year. Sell ratings remained unchanged at 3.

Diplomacy can still prevent war in Ukraine

Confronted with a surprisingly strong and united Western response to his moves, Putin has signaled willingness to entertain talks on Russia’s security concerns in Europe.

Shares for Gautam Adani’s food venture climbs in market debut

Adani Wilmar's shares, a joint venture between Asia’s richest person Gautam Adani & Singapore’s Wilmar International Ltd, gained 7.6% to Rs 247.5, as of 10:01 am Tuesday in Mumbai.

Battered Indian bonds get some relief after RBI cancels debt sale

The reprieve may be short-lived as traders are worried about the unprecedented bond sales of about Rs 15 lakh crore for the fiscal year starting April amid dwindling demand.

Earth’s shrinking glaciers contain less ice than scientists thought, study shows

Scientists for first time measured the thickness & movement of over 250,000 glaciers. It found wide variations in ice volume and freshwater reservoirs that millions of people depend on.

Gautam Adani overtakes Mukesh Ambani as Asia’s richest person

The 59-year-old mogul’s net worth reached $88.5 billion Monday. With an almost $12 billion jump in his personal fortune, Adani is the world’s biggest wealth-gainer this year.

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

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?