scorecardresearch
Thursday, October 3, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Google to pour Rs 7,500 crore in Bharti Airtel to boost India push, will buy 1.28% stake

Alphabet, which owns the Google search engine, will pay Rs 5,250 crore for a stake in Airtel. Another Rs 2,000 crore will go toward multi-year plans that will include devices.

Apple needs to break out of its comfort zone with bold mega deals à la Microsoft

Historically, large M&A hasn’t been Apple’s style. However, with its resources, the company can certainly take the risk to transform its business and expand its capabilities.

Why China’s world-beating sovereign bond rally may have run its course

Chinese bonds have been gaining since October as PBOC pivots toward easing, even as Treasuries lead a global rout with other major central banks normalising policies.

Why 20 crore missing jobs are the biggest challenge for FM Sitharaman in Budget 2022 math

For India’s employment-to-population ratio to be at the global average, nearly 60 crore people need to be at work. Currently, only a little more than 40 crore are.

US state Colorado confirms first case of faster-spreading Omicron sub-variant

BA.2 sub-variant, which has been detected in Europe & Asia, could result in increased rate of transmission. There is no evidence that it causes severity, state epidemiologist said.

Gold imports by India fasten to decade-high as jewellery sales double

Weddings and celebrations picked up in full swing in the December quarter, more than doubling full-year imports to about 925 tonnes, the highest since 2011.

Covid isn’t behind us, but the world’s next big health emergency is already here

Covid has led to 5.6 million deaths, but antimicrobial resistance is likely to log 10 million deaths annually by 2050. Its treatment has led to antibiotics' overuse, which has spiked drug resistance.

Italian Generali buys 25% stake worth Rs 1,250 cr in insurance JV from embattled Future Group

The stake sale, which will give Generali majority control over the JV, comes as the Future Group is locked in a prolonged legal battle with partner Amazon.

Asia’s virtual banks need oversight to guard data, India could offer model, BIS says

Along with Singapore, India may offer a model for creating a platform under central bank supervision that allows personal data sharing, with customer consent, says BIS.

Biden’s wolf-crying campaign over Ukraine has turned the tables on Putin

There is a plausible scenario that defies the seemingly unshakable logic of Putin's planned invasion of Ukraine and plays out as a media phenomenon rather than a hot war.

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?