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Friday, August 15, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Reserve Bank hikes policy repo rate by 50 basis points to 4.9%

The central bank also raised its inflation forecast for the year ending March to 6.7% from 5.7% seen previously. The RBI targets inflation between 2%-6%.

Johnny Depp’s star lawyer Camille Vasquez lands big promotion after Amber Heard trial win

Law firm Brown Rudnick has elevated Vasquez to partner. She was a key part of Depp’s legal team led by Rudnick partner Benjamin Chew, over the six-week televised trial.

Centre plans to slash production cost of green hydrogen to $1/kg to spur clean energy use

To help fund this transition, Niti Aayog CEO Amitabh Kant has called on global funders, including World Bank, to structure guarantee programs to help access funds at low rates.

Worst is yet to come for Indian rupee as oil costs widen deficits, say analysts

The bearish forecasts stem from a deterioration in India’s external finances. Higher oil prices threaten to widen the current-account deficit to at least 3% of the GDP.

US resists pressure from Mexico, excludes Cuba, Venezuela, Nicaragua from Summit of Americas

According to people in the know, the decision is based on concerns about lack of democracy & respect for human rights in these countries.

Stepping down after 14 yrs, Meta’s Sheryl Sandberg leaves behind an underrated ‘Lean In’ legacy

Nearly a decade ago, Sandberg, who served as COO of Facebook’s parent company, wrote a book on women’s career choices that changed the way we talk about workplace & leadership issues.

Moody’s lowers Pakistan’s outlook from stable to negative citing IMF bailout delay

The rating agency’s decision is driven by Pakistan’s heightened external vulnerability risk and uncertainty around its ability to secure adequate additional external financing.

Tomatoes are the next big risk to PM Modi’s fight against inflation

During Modi’s 2018 campaign, he famously said farmers are his ‘top’ priority, explaining that ‘TOP’ means “Tomato, Onion and Potato.”

Saudi group to invest up to $220 million in India’s two-wheeled EV maker Greaves Electric

The group will initially pay $150 million for a 35.8% stake in the electric vehicle maker, part of Greaves Cotton, an Indian manufacturing and engineering company.

These batteries can help ease power crunch as world struggles with energy & climate crisis

Euphoria for electric cars has obscured a more immediate need: batteries to run homes & businesses, as nations across the world deal with the repercussions of an ongoing power crisis.

On Camera

Trump is swinging on Russia again. What this means for Europe’s security architecture

The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

President awards 1st set of Sarvottam Yudh Seva medals since Kargil, 7 honoured for leading Op Sindoor

This year, the Indian Air Force received four of the seven awards, followed by the Indian Army with two medals, and the Indian Navy with one. 

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.