scorecardresearch
Friday, October 4, 2024
TopicBloomberg wire

Topic: Bloomberg wire

India’s plan to launch a digital rupee needs more thought, less haste

A digital rupee will be like banknotes, minus the ATMs. Users will be able to transfer purchasing power from their deposit accounts into their smartphone wallets in the form of online tokens.

Why electric vehicles are getting bigger and heavier

Shift from combustion engines to electric vehicles is poised to make the weight problem even worse as lithium-ion battery packs used to power EVs are bulky and heavy.

Australia reopens to international visitors after 2 years, gradually unwinds restrictions

Australia’s borders have been almost entirely closed since shortly after the onset of the pandemic in March 2020, with only citizens allowed to return on limited flights.

Why US Fed Chair Jerome Powell is the most important climate decision-maker

Interest rates are as crucial as carbon pricing or oil price and are a central consideration, because of a key difference between the way fossil fuel & zero-carbon power is paid for.

Paytm reports wider losses in December quarter after disastrous IPO

Paytm reported a loss of Rs 780 crore for the quarter, compared with a loss of Rs 474 crore a quarter earlier. Revenues rose 34% to Rs 1,460 crore.

Saudi Aramco raises oil prices as crude surges to nearly $95 a barrel

Aramco’s decision came days after OPEC+ opted to increase its daily crude production by 400,000 barrels a day next month.

SBI profit in third quarter rises 62% on improved consumer demand

With a fifth of India’s loan market, SBI is a key barometer on the health of the country’s financial sector and a key player for economic revival.

Facebook has probably peaked. And halting its decline could be a tall order for Zuckerberg

With Zuckerberg's long-term inability to build attractive new services in the face of growing competition, a new reality is sinking in: Facebook looks like a company in decline.

Amazon Prime price increase won’t solve e-commerce struggles

For the third quarter in a row, Amazon offered a subdued forecast, projecting revenue growth of 3% to 8% for the current quarter, lower than the 11% median estimate.

Rakesh Jhunjhunwala’s new airline Akasa plans to use stock options to lure staff

Akasa, which is preparing to start flying in late May, is taking the unusual approach of granting shares to a bigger pool of top employees, rather than a select group.

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?