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Sunday, September 29, 2024
TopicBloomberg wire

Topic: Bloomberg wire

India can be the next China, but only if it is more open to foreign investment

While India's forex reserves and investments have increased, PM Modi's Atmanirbhar Bharat is harking back to a protectionist past.

Carlyle Group to buy 20% stake in Ajay Piramal’s pharmaceutical business

In addition to helping expand capacity of the pharmaceutical operations, the Piramal group will use the money to repay some of Piramal Enterprises Ltd.’s debt.

Second-generation Covid vaccines are built for impact over speed

Preventing more infections, provide lasting immunity, protect older and more vulnerable people are benefits front-runners in the vaccine race may not be able to deliver.

Roche says demand for RT-PCR tests for Covid exceeds production

Swiss pharma giant Roche said it prioritises sending tests based on medical needs. It is also ramping up production of antibody tests.

California University, where Covid research is on, paid $1.14 million ransom to hackers

The intrusion was detected as recently as 1 June. The university confirmed that the attack didn’t impede its Covid-19 work.

Expect India’s oil demand to recover from Covid shock by second quarter: Dharmendra Pradhan

Amid lockdown, demand for transportation and industrial fuels plummeted by as much as 70%, but India is confident things will look up faster than projected.

Not just key data, but US’ Covid fatality rate could be missing the big picture

Experts say it's too soon to say whether the lower number of deaths with respect to higher number of cases is proof that the health crisis is under control.

Unilever, Coke, Honda, Hershey — Growing list of Facebook ad boycotts is hurting Zuckerberg

Companies joined a campaign against Facebook, which has been criticised for failing to adequately police hateful and misleading content on its platform.

Facebook, under heat for allowing misleading content, will now label all voting related posts

The new policy on voting means Facebook will label future posts from US President Trump, and everyone else, about mail-in ballots or other voting-related issues.

Facebook plunge sees megacap tech stocks group Fangs suffer worst dip

The amalgamation of internet stocks that has for three months been indestructible dropped more than 4% Friday, the group’s worst session since Covid struck.

On Camera

Hassan Nasrallah’s assassination underlines Israel’s military supremacy. Will it win peace?

Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

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?