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Saturday, November 15, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Cash is dying all over the world, but we aren’t ready to bury it yet

Even in nations where technology has turned it into an anachronistic appendage, cash can’t be allowed to die. Not before central bank digital currencies are ready.

Billionaire backed FabIndia seeks Rs 3,770 crore in IPO

FabIndia aims to submit its draft red herring prospectus as soon as early next year. Its IPO will largely consist of investors selling existing shares.

Jet Airways in talks with Boeing, Airbus for 100 aircraft in revival bid

The winning bidders for Jet Airways plan to start flights in the first three months of next year. The potential revival will be the first for any airline under India’s bankruptcy laws.

South Africa in talks with Pfizer, Merck for Covid pills amid Omicron concerns

South Africa has the highest number of confirmed cases of the Omicron variant, about 3 million, and 90,000 deaths. This is the country's fourth wave of infections.

Paytm receives first ‘buy’ rating after IPO flop

Dolat Capital Market, third brokerage to initiate coverage on Paytm, says its transition to a 'manufacturer' of financial services from an agent will help the digital payments firm.

Taiwan invasion would be ‘economic suicide’ for China, says former Japan PM Shinzo Abe

Delivering a speech by video Wednesday, Abe said actions of an increasingly powerful China toward Japan & Taiwan were likely to become complex, blurring the line between war & peace.

Taliban curbs on working women could cut Afghanistan GDP by 5%: UN report

According to report, women account for 20% of the country’s workforce and preventing them from working could shave half a billion dollars alone from household consumption.

Hinduja family feud puts their century-old business empire in jeopardy

The increasingly bitter feud has raised the possibility of a messy unraveling of the $18 bn British-Indian group, which employs over 150,000 people in 38 nations.

Paytm shares tumble by another 13% after historic IPO flop

The drop has hit individual investors and global institutions such as BlackRock and the Canada Pension Plan Investment Board that had scooped up shares.

Paytm founder Vijay Shekhar Sharma compares himself to Elon Musk after shares plunge

Sharma encouraged employees to look past the initial stumble and to focus on the long-term opportunities for bringing digital payments to India's fast-growing internet population.

On Camera

Why Tejashwi Yadav failed—Bihar changed, RJD didn’t

RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.

As govt starts rolling back Quality Control Orders, a look at adverse impact they had, mainly on MSMEs

Between 2016 and 2025, around 700 QCOs were issued by the government. Now, it has withdrawn 69 of them.

Drone manufacturer ideaForge wins orders worth over Rs 100 crore from Army

ideaForge has formed a joint venture to manufacture and market UAVs in the US. Its Q6 UAV is now included in NATO and allied procurement systems.

INDIA has a Congress-sized hole. And the fix begins with a little humility

Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.