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Wednesday, October 2, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Ola’s new e-scooter factory is women-only, aims to build 10 million two-wheelers by 2022

The e-mobility business is expected to make its debut next year with the vision to provide the world 'clean mobility, a carbon-negative footprint, and an inclusive workforce'.

How Covid is on its way to becoming just another virus

With rising immunity from vaccinations, infections and booster shots, Covid-19 is no longer a horseman of the apocalypse but instead is gradually becoming 'just a virus'.

Indigo aims to be running domestic routes at full capacity by December

While travel sector is recovering, it could still take a hit in the event of third Covid wave. Indigo CEO Ronojoy Dutta says company may raise funds as an insurance buffer.

Delta, booster shots mean Covid vaccines could become a viable business. And that’s a problem

Booster shots & Covid variants have made manufacturing vaccines an opportunity for drug companies. But we must admit that vaccines aren’t consumer products: they’re infrastructure.

India sees fastest growth this year among world’s major economies. This is what’s driving it

In recent months, India’s annual growth forecast went from being upgraded to double digits to slashed by the steepest rate amid uncertainty about Covid’s devastation on the economy.

Covid pandemic has India scrambling to boost its manufacturing sector

Boosting labour force productivity is the key to faster economic growth for India. But India has repeatedly failed to grow its manufacturing base despite demand from a captive market.

Mukesh Ambani is going green but it’s oil that’s helping Reliance get richer

Reliance, among India's top carbon emitters, gets nearly 60% of its annual revenue from the more polluting oil-to-chemicals business. Shifting dramatically away from it is difficult.

India considers allowing foreign direct investment in IPO-headed LIC

The Modi-led central government is looking at the LIC IPO, slated to be India’s largest ever, to help narrow its budget gap to 6.8% of GDP in the year through March 2022.

Khatabook, bookkeeping app for kirana stores, raises $100 million from Tribe, Moore

An Indian fintech startup, Khatabook in 2019 launched a mobile app version of handwritten ledgers that owners of tiny businesses traditionally use to keep track of daily accounts.

The ‘existential crisis’ in Afghanistan is being felt by those Biden abandoned to Taliban

The Taliban care about making money to keep fighting, largely from drug-smuggling, and have shown little interest in running an economy for the material well-being of Afghan society.

On Camera

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

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?