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Thursday, October 3, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Why $69 billion Activision deal could be a blunder for Microsoft

Looking out a few years, the tech giant may be underestimating the level of damage Activision’s brands have suffered from both workplace scandals and complaints about game quality.

Reliance buys robotics startup Addverb for Rs 1,000 crore to fuel tech ambitions

Mukesh Ambani, Asia’s richest person, is investing in technology as competition from rivals such as Amazon intensifies in India’s booming e-commerce market.

Max Healthcare to invest Rs 3,400 crore to double India capacity over next 4 years

The investment will help boost capacity at existing hospitals as well as augment the firm’s land holdings. The plans come in the backdrop of repeated virus outbreaks in India.

Inside the all-out campaign to prepare for LIC’s mega IPO

A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer.

Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF

In his 3rd address to World Economic Forum, Chinese President Xi Jinping said 'we need to resolve various risks and promote the steady recovery of the world economy'.

2 Indians among 3 killed in drone strikes on UAE by Yemen’s Houthi fighters

Six others were also injured in the rare attack inside the UAE that caused a fire at Abu Dhabi’s main international airport and set fuel tanks ablaze in a nearby industrial area.

Gold price rises in US market as investors look to tighten monetary policy amid Omicron threat

As US tackles the hottest inflation since the 1980s, officials this month floated raising rates in March and the potential need to hike as many as five times this year.

4 Indian states invite Tesla to set up shop after Elon Musk mentions ‘challenges’ with Modi govt

Telangana, Maharashtra, Bengal ministers & Punjab Congress chief Navjot Sidhu responded to Musk's tweet, which said Tesla 'still working through a lot of challenges with govt'.

Investors search for safe havens as Omicron takes hold in Asia

Many remain positive, however, about Asia’s ability to weather the storm as its best-performing nations kept the number of Covid deaths at levels far lower than countries elsewhere.

People’s Bank of China cuts interest rate on policy loans, first slash since April 2020

The move puts China further apart from global central banks such as the Federal Reserve, which are seeking to normalise monetary policies to contain a surge in inflation.

On Camera

Indian industry in Bangladesh is staring at a void. New Delhi must give line of credit to Dhaka

For New Delhi, SAFTA and CEPA will be critical. Such frameworks could institutionalise economic ties with Bangladesh, making them resilient to political disruptions.


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?