Tuesday, 18 January, 2022
TopicBloomberg wire

Topic: Bloomberg wire

Omicron outbreak isn’t affecting Olympics plans in China yet, organisers say

Unless there are large-scale cases in competition zones, the organisers don’t plan to adjust the Covid-19 counter-measures. That could change if the situation warrants it.

How Modi govt is leaving no stone unturned to ensure its biggest IPO is a success

The LIC IPO, which could raise Rs 40,000 crore-Rs 1 lakh crore this quarter, is a key item in Modi govt's economic agenda, with proceeds essential to reach a budget-deficit target.

India’s deadly air pollution keeps getting worse not better

Over 90% of India’s population lives in areas where air quality is below WHO's standards, with coal-fired power plants, factories and vehicles among the major sources of pollution.

Pfizer begins making hybrid Covid vaccine that targets Omicron & original virus

Pfizer will evaluate the new formulation against an Omicron-specific shot, and determine which is best suited to move forward by March, the drug giant’s CEO Albert Bourla said.

North Korea fires 2nd ballistic missile in less than week as Kim Jong Un shuns calls for talks

The tests come days after Kim told a top ruling party meeting that he was more interested in bolstering his arsenal than returning to stalled nuclear talks with the US.

India’s looking at Corbevax, others. World also needs to move beyond mRNA vaccines

New Delhi: Early on in the pandemic, many of us hoped that India would help vaccinate the world. India’s pharmaceutical sector, dominated by companies capable...

Indian govt to now own 35.8% stake in Vodafone Idea after converting dues into equity

The move will result in dilution for all the existing shareholders of the company. Vodafone Group will own around 28.5% and Aditya Birla Group will have about 17.8%.

Citi, ICICI lower India’s growth projections due to surge in Covid cases

New Delhi: A sharp rise in coronavirus cases in India is seen hurting the economy’s growth prospects, albeit milder than during the previous waves. Economists,...

Novak Djokovic released from detention after Australian court overturns visa cancellation

Australian immigration minister could still exercise his power to push ahead with visa cancellation, despite court ruling. Djokovic has been confined to a Melbourne hotel since Thursday.

Amazon moves SC to appeal stay on arbitration against Future-Reliance deal

New Delhi: Amazon.com Inc.’s Indian unit petitioned the country’s Supreme Court against a halt on an arbitration case against Future Retail Ltd.’s asset sale...

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Defence ministry’s PMA policy is protectionism. Indian-made arms need export market

The increase in momentum of 'self-reliance' projects by the defence ministry is palpable. But it can't be successful as a standalone initiative.
A Life Insurance Corporation building in Kolkata, India | Bloomberg

Inside the all-out campaign to prepare for LIC’s mega IPO

A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer.

Defence

HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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