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Friday, October 4, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Tiger Global raises $11 billion for latest venture capital fund called PIP15

PIP 15, which invests in internet technology start-ups in India, China and the US, is Tiger’s largest one yet, and follows several fundraises in recent years.

Jeff Zucker steps down as CNN president, leaves network in limbo with streaming launch weeks away

Zucker’s resignation comes following his failure to disclose a consensual relationship with a longtime co-worker. He has led the 24-hour cable news network since 2013.

Apple makes progress in India as iPhone sales jump 34% to 2.3 million units in Q4

While Apple has become the most valuable company in the world on the popularity of its iPhone, it has struggled in Indian market. Pricey iPhones are far beyond the reach of many consumers.

Biden scours globe so Europe can get natural gas if Russia invades Ukraine

US has approached gas producers including Qatar, Nigeria, Egypt, Libya & companies in Algeria. EU officials say they’re discussing possible swaps of long-term gas contracts with Asian nations.

Beijing Winter Olympics opening is new chance for China to bolster its image

Reports of human rights abuses in Xinjiang & suppression of dissent in Hong Kong have pushed opinions about China to historic lows. The pageantry is one way Beijing can make its appeal.

Facebook parent Meta set for $195 bn wipeout, among worst in market history

Meta shares plunged 22% in early US trading on the back of poor earnings results. At current levels, that’s the biggest collapse in market value for any US company.

After 3 days of gains, Gold holds steady amidst US employment drop, geopolitical tensions

Due to spread of omicron, US business payrolls fell the most last month, since early days of pandemic. Meanwhile, US govt has given a stronger military message of support for Ukraine.

Govt short of money, economy short of momentum, but Budget 2022-23 a promising policy statement

A large portion of Sitharaman’s speech was dedicated to climate action and the energy transition — from supporting low-carbon sectors, to the announcing of green bonds.

Indian billionaire Anil Agarwal considering Vedanta Resources merger with cash-rich India unit

Potential deal follows global commodities boom that has fuelled a rally in Mumbai-traded Vedanta Ltd. shares & almost doubled its market capitalisation in the past year to about $17 Bn.

Is TikTok the biggest threat facing Facebook? Revenue records would suggest so

Facebook parent Meta Platforms is not only losing consumers to TikTok but also seeing lower revenue from ads destined for the shorter format on its own apps.

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?