TopicBloomberg wire

Topic: Bloomberg wire

Indians’ love for electronics is pushing current account deficit

Vrishti Beniwal - July 4, 2018

Data for the 13 months to May show electronics imports were valued at $57.8 billion, way more than gold purchases.

Supreme Court refuses to grant temporary stay on RBI’s restriction on cryptocurrencies

Upmanyu Trivedi - July 3, 2018

RBI had told SC that Bitcoins cannot be treated as currency under India’s existing law; finance ministry yet to take a decision.

Tata plans to bring food businesses under a single company

P. R. Sanjai - July 3, 2018

Tata is considering separating some businesses of Tata Chemicals and folding them into Tata Global Beverages.

GST is paying off, but budget hole fears stay

Anirban Nag - July 3, 2018

Monthly receipts have picked up after GST's chaotic rollout, but are still not strong enough to meet annual tax target.

To make more Indians drink their whiskey, US giant Jim Beam bribed govt officials

Benjamin Bain - July 3, 2018

The company is said to have made illicit payments to get licences and secure prominent placements on store shelves.

With Trump’s Iran sanction pressure, India will opt for ‘plan D’ for crude supply

Debjit Chakraborty - July 2, 2018

IOC chief says that even if Iran crude supplies get disrupted, Saudi alone can cover up shortfall.

Vedanta stocks surge as founder Anil Agarwal plans buyout

Swansy Afonso - July 2, 2018

Agarwal's offer to buy out minority groups is an effort to streamline Vedanta’s structure.

Tata Steel and Thyssenkrupp reach agreement to set up European steel firm

Firat Kayakiran - July 2, 2018

The merger may come into effect in 2019, and the headquarters of Thyssenkrupp Tata Steel will be based in Amsterdam.

Deutsche Bank looks to fill up India’s credit vacuum left by loan crisis

Chanyaporn Chanjaroen - July 2, 2018

The Frankfurt-based bank sees an opportunity in India to generate outsized returns by refinancing and trading debt.

Under Trump’s new rules, spouses of Indian H-1B visa holders may soon lose their jobs

Saritha Rai - July 2, 2018

A study has found that such a shift would likely isolate spouses socially, raise domestic tensions and strain the family’s financial resources.

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Topic: Bloomberg wire

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