scorecardresearch
Sunday, August 17, 2025
TopicBloomberg wire

Topic: Bloomberg wire

First big bankruptcy success hands $5.2 billion for Indian banks

Tata Steel Ltd takes over insolvent Bhushan Steel Limited at a price of 352 billion rupees. This amount is equivalent to 63 percent of the 560 billion rupees claimed by Bhushan Steel's creditors.

Amazon helps ex-Googler turn mom’s money into a billion Dollars

Steven Yang moved to Shenzhen with less than $1 million in seed capital. Now, Anker Innovations Technology has reached a deal to put products in almost 4,000 Walmart Inc. and 900 Best Buy Co. stores in the US.

A desperate and determined opposition isn’t good news for Modi

With national elections now less than a year away, the Karnataka episode reveals Modi's position atop India’s politics is less secure than it was just a few days ago.

What’s the right way to apologise? Certainly not like Mark Zuckerberg.

According to C.K. Gunsalus, the keys to a good apology are to explain exactly what you’re sorry for, offer some explanation for why you did it, and recount what you’ve learned.

Is India next to raise interest rates after Indonesia moves to curb market rout?

With Bank Indonesia raising interest rates, more economists are betting the Reserve Bank of India will do the same.

Think twice before busting India’s ailing banks

RBI is cutting off banks and the police is intimidating bankers, there’s not much chance that credit growth will recover sufficiently to support India’s nascent growth revival.

Worse than 2008? Here’s what the emerging market numbers show

According to the Bank for International Settlements, the U.S. dollar credit to non-bank borrowers in developing countries reached $3.7 trillion at the end of last year. 

India’s top steelmakers plan record output on strong demand

JSW and Tata Steel have planned to expand their own facilities, while aiming to snap up some of the distressed assets for sale under India’s new bankruptcy laws.

Amazon India goes where no retailer has gone before for endangered art

After Walmart's $16 billion investment in Flipkart, the largest internet retailer's move of recruiting these unlikely suppliers is a sign of the fierce battle raging globally. 

Trouble looms for India as shipping revolution to push oil prices to $90 a barrel

Changes that force vessels to consume lower sulphur fuels in 2020 will lead to a boom in middle distillate products, triggering crude demands.

On Camera

SC’s stray dog order lit a match in Delhi. Are they a menace or companions?

The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?