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Thursday, November 13, 2025
TopicBloomberg wire

Topic: Bloomberg wire

RBI keeps repo rate steady at 4% to support economic recovery

The six-member monetary policy committee, which has been on pause since August 2020, retained its accommodative policy stance with a 5-1 vote.

India headed for steep fuel price hike after state polls end next month, Deloitte says

Oil companies are expected to increase prices by Rs 8-9 a litre to make up for a shortfall in sale price by 10 March, according to Deloitte.

Fact-checking Covid-related social media posts isn’t working. There’s a better way

On social media, users get cues that lead to mobbing and piling on, and fake accounts or automated 'bots' can give the illusion that vast crowds are impressed or outraged by a news.

Bharti Airtel stumbles on high income tax expense, misses quarterly profit estimate

India’s second-largest telecom carrier, helmed by billionaire Sunil Mittal, posted a 2.8% fall in net income to Rs 830 crores for the quarter ended 31 December 2021.

How effective is omicron-specific vaccine — all you need to know about variant-targeted shots

The omicron variant poses a puzzle for vaccine makers with a new study raising doubts on whether such a variant-specific shot is worth it.

Vedanta says no restructuring, won’t spin off businesses, as current structure optimal

Company also said it aims to distribute minimum of 30% of attributable profits after tax, before exceptional items & excluding profits of Hindustan Zinc Ltd., as dividends within 6 months.

Pizza Hut, Domino’s, KFC, face boycott calls in India for Kashmir posts by Pakistan affiliates

The 3 were among brands which trended on social media in India Tuesday, after accounts linked with them tweeted on Kashmir Solidarity Day, a holiday observed in Pakistan.

RBI takes baby steps to balance govt’s borrowing cost and durable recovery for Indian economy

With the government boosting the size of its budget expenditure to keep growth going, it remains to be seen how long RBI would want to be accommodative in its monetary policy.

Oil prices get another tailwind as refiners in India step up purchase

State-run processors — Indian Oil, Bharat Petroleum & Hindustan Petroleum — are 'reaching out' to term-contract suppliers, such as Saudi Arabia & Iraq, for extra barrels, buying on spot market.

Paytm’s rising buy ratings signal return of confidence after IPO disaster

Buy recommendations on One 97 Communications, the operator of Paytm, climbed to 4 this week, up from just 2 at the start of the year. Sell ratings remained unchanged at 3.

On Camera

Trump stoked the Epstein scandal. It’s come back to bite him

The disgraced financier also seemed to allege in documents that Trump kept company for hours with one of Epstein’s victims.

Wealth nears $99 trillion, still Asia’s rich don’t have succession plans

Much of this wealth is tied to founder-led businesses that employ millions and help anchor regional economies.

Turkey blocks transport of Apache choppers to India through its airspace, new route being worked out

Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.