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Friday, November 14, 2025
TopicBloomberg wire

Topic: Bloomberg wire

What is the Russia-sized mystery in China’s electricity sector

China connected 55 gigawatts of solar power & 48 gigawatts of wind last year. But the country's electricity consumption in 2021 grew at 10% & will increase again by 5-6% this year.

Morgan Stanley’s former mergers & acquisitions head in India, S. Sundareswaran, rejoins firm

Sundareswaran will be heading Morgan Stanley’s M&A business in the country and will also be leading financial sponsors coverage, people familiar with the matter have said.

Byju’s negotiates merger with special-purpose acquisition companies, to go public within a month

Byju's is leaning towards a SPAC merger instead of a traditional IPO because it sees value in having U.S. investors and strategic partners, people familiar with the matter said.

Tata Steel wins bid to buy state-run Neelachal Ispat Nigam for Rs 12,100 crore

Tata Steel will buy 93.7% stake in Neelachal, which has shuttered its plant since March 2020, said finance ministry. Deal will help take Centre closer to its asset-sale target for the year.

India set to present budget topping $500 billion, sustain recovery from pandemic disruptions

Finance Minister Nirmala Sitharaman is expected to channel more spending toward policies that create jobs, boost manufacturing and benefit the poor.

Flashy trading stars out, faceless suits are taking over the $4 trillion hedge fund world

In contrast to the old hedge fund model that relied on a macro genius or star stockpicker, an army of traders now invest in an array of strategies.

Stopping Putin means hitting him where it really hurts

If West can pull themselves together to make a coordinated response, challenge will be to punish Putin in language he understands best — through his wallet & those of his friends.

Paytm stock rout is proving to be an expensive lesson for early backers Berkshire, SoftBank

Paytm is struggling to convince investors and analysts alike of the potential for its business model. Losses widened to Rs 474 crore in the September quarter amid rising expenses.

Covid-infected HIV patient in South Africa developed 21 mutations, study shows

Led by scientists from Stellenbosch and University of KwaZulu-Natal, the study adds to evidence that Covid may mutate rapidly when harboured by immunosuppressed individuals.

Infra, rural development, healthcare — top picks for stocks to benefit from Budget 2022

Construction spending, as well as incentives for electric mobility & renewable energy, are also likely to be a focus in Finance Minister Nirmala Sitharaman’s budget speech Tuesday.

On Camera

Virat, Anushka, Bumrah selling sarias & cement, dentists, vets, Bihar walls painted in ‘rurbanisation’

Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.

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.