Sunday, 2 October, 2022
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

YourTurn

Mohan Bhagwat

Mohan Bhagwat’s right — no word wounds Hindus like kafir does

In South Africa, the word kaffir, as the blacks were pejoratively called, has been outlawed. It's time India too bans 'kafir'.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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