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Thursday, October 3, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Oil demand recovery in India poised to weather Covid surge

India’s total oil demand is expected to grow 4% to 5% over the 12 month ending 31 March compared with a year earlier.

Why UAE has turned to old foe Turkey as its potential trade link to world

The UAE is looking to benefit from Turkey’s huge investments in the industrial sector, its skilled labor and existing logistical network, especially with Africa.

High coal prices to intensify India’s efforts to curb imports, lift domestic supplies

The government expects a sharp rise in production from Coal India’s mines as well as from captive producers — companies that produce coal for their own use.

Tek Fog shrouds an escalating political war, firms need to retake control of technologies

Tim Culpan and Andy Mukherjee write that govts may be able to combat misinformation if they tried, but they aren't reliable, so social media firms need to take the lead.

UK, India start negotiations on post-Brexit free trade agreement

UK Trade Secretary Anne-Marie Trevelyan is set to meet her Indian counterpart, Piyush Goyal, starting talks on a deal that Britain hopes will help double its trade with India by 2030.

Elon Musk says Tesla isn’t in India yet due to ‘challenges with the govt’

Tesla CEO and Modi’s administration have been in talks for years, but disagreements over a local factory and the country’s import duties of as much as 100% have led to an impasse.

Vodafone Idea says govt doesn’t want to run company post bailout

Aiming to reassure investors, Vodafone Idea CEO & MD Ravinder Takkar said the govt wanted three private players in the market and promoters to run the company.

Modi govt is seeking Rs 15 lakh crore valuation for LIC as it sets up India’s biggest IPO

If investors agree, LIC would join the league of India’s biggest companies — RIL and TCS — which have a market capitalisation of Rs 17 lakh crore and Rs 14.3 lakh crore, respectively.

Rupee won’t keep up its strong start to 2022, ICICI Bank says

With foreign inflows that have helped it appreciate at the start of the year beginning to ebb in coming months, rupee is likely to weaken.

Novak Djokovic breaks silence over Covid ‘error of judgment’, says it wasn’t deliberate

In a statement on Instagram, Djokovic admits to breaching isolation norms after testing positive for Covid last month. He calls it an 'error of judgement'.

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?