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Friday, March 29, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Russian coal seeks new market in India as war upturns previous commodity flows

Russian coal sales to Europe have declined in advance of a planned European ban on coal shipments. Russia has increased supply to India in search of low-cost markets.

RBI lifts curbs on Mastercard citing company’s compliance with data-storage rules

The decision announced Thursday, which comes almost a year after the curbs were imposed, highlights the authority’s focus on digital banking.

Airlines struggle with labour crunch as travel resumes full throttle post lifting of Covid curbs

From Sydney, where passengers are waiting for hours to check in, to chaotic scenes in India & Europe, aviation industry doesn’t have nearly enough people to run operations smoothly.

Revlon files bankruptcy after missing social media makeup boom

The cosmetics giant, owned by billionaire Ron Perelman, sought court protection in the Southern District of New York after the global supply chain crunch and steep inflation deepened its woes.

As purchases continue, Modi govt proposes settling trade with Russia in rupees

India has previously used a rupee-ruble mechanism, which has fallen out of favor this time around due to extreme volatility in the Russian currency.

Tata-owned Air India may introduce Airbus A350 jets by early 2023

Air India is polling pilots on whether they want to be trained to fly Airbus SE A350 jets, indicating that it intends to operate the model as it looks to renew its widebody fleet.

Modi government’s most significant tax reform is receiving backlash from states

Several state finance ministers are ready to raise the issue of compensation to states as per GST law and to further extend it's duration, for it is a critical source of revenue.

Amazon’s plans for India bigger than cricket, focus is on expanding beyond big cities

Amazon's decision to pull the plug on the IPL auction was based on the idea that the company's money would be better spent on Amazon’s e-commerce business.

Accused Buffalo gunman faces federal hate crime charges with potential death penalty

Payton Gendron allegedly used an AR-15 assault-style rifle during the May 14 attack which killed 10 people and wounded 3 in a racist rampage in New York's Buffalo.

Why end of Internet explorer era spells trouble for businesses in Japan

Microsoft is retiring its Internet Explorer, putting an end to a quarter-century-old app while also sparking a small panic among businesses that built internal systems around the unpopular browser.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.