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Thursday, October 3, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Indian sugar exports could see a dent over supply-chain chaos

Availability of railway wagons is scarce due to demand from other critical sectors such as coal. Traders are also facing high diesel prices & limited availability of storage at some ports.

Afghan ambassador to China Javid Qaem resigns after six months of no pay

Qaem announced his decision in tweet Monday. Taliban-controlled Afghanistan's foreign ministry said statement will be issued & a first secretary will represent it in China.

Modi govt considering easing curbs on some Chinese investment

Govt rules mainly aimed at China currently require scrutiny of investment proposals from firms that are based in bordering countries or have an investor from one of them.

Omicron outbreak isn’t affecting Olympics plans in China yet, organisers say

Unless there are large-scale cases in competition zones, the organisers don’t plan to adjust the Covid-19 counter-measures. That could change if the situation warrants it.

How Modi govt is leaving no stone unturned to ensure its biggest IPO is a success

The LIC IPO, which could raise Rs 40,000 crore-Rs 1 lakh crore this quarter, is a key item in Modi govt's economic agenda, with proceeds essential to reach a budget-deficit target.

India’s deadly air pollution keeps getting worse not better

Over 90% of India’s population lives in areas where air quality is below WHO's standards, with coal-fired power plants, factories and vehicles among the major sources of pollution.

Pfizer begins making hybrid Covid vaccine that targets Omicron & original virus

Pfizer will evaluate the new formulation against an Omicron-specific shot, and determine which is best suited to move forward by March, the drug giant’s CEO Albert Bourla said.

North Korea fires 2nd ballistic missile in less than week as Kim Jong Un shuns calls for talks

The tests come days after Kim told a top ruling party meeting that he was more interested in bolstering his arsenal than returning to stalled nuclear talks with the US.

India’s looking at Corbevax, others. World also needs to move beyond mRNA vaccines

New Delhi: Early on in the pandemic, many of us hoped that India would help vaccinate the world. India’s pharmaceutical sector, dominated by companies capable...

Indian govt to now own 35.8% stake in Vodafone Idea after converting dues into equity

The move will result in dilution for all the existing shareholders of the company. Vodafone Group will own around 28.5% and Aditya Birla Group will have about 17.8%.

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?