Saturday, 2 July, 2022
TopicBloomberg

Topic: Bloomberg

Reliance funnels billions from Jio stake sales into debt funds

The monies have been deployed into ultra-short and money-market funds, and others focused on debt with an average of three-to-five year maturities.

Amazon ‘in talks’ with Bharti Airtel to buy 5% stake for $2 billion

Amazon is reported to be in early-stage discussions to buy about a 5% stake in Bharti Airtel, which has 300 million subscribers.

French drugmaker Sanofi sparks outrage after CEO says US could be first to get vaccine

Sanofi’s CEO said the US is likely to be first in line if the company succeeds in creating a Covid vaccine since it was the first to fund its research.

Modi govt considering tax holiday to win new investments and boost economy

The proposal to give a 10-year full tax exemption to companies making new investment upwards of $500 million is being evaluated by finance ministry.

Italy has a reopening plan with a caveat on second coronavirus wave

Italian PM Giuseppe Conte said his country will start easing lockdown restrictions on 4 May, setting up a key test of Europe’s efforts to restart public life.

Santosh Kamath, the star Franklin manager who got burned in a debt market he helped create

Santosh Kamath is widely acknowledged as having helped build the market for credit rated below AAA in India as a major buyer of those assets.

China’s Covid cases could’ve been four times more than official tally, says study in Lancet

Infections in China would’ve been 232,000 if calculation of cases confirmed by ‘clinical diagnosis’ had been applied throughout outbreak, Lancet reported.

Virus hands world leaders sweeping powers they may never give up

In India, officials are tracking mobile phones, pulling out data from airlines & railways, and stamping people’s hands with indelible ink to follow suspected infections.

America closes down as a third of its citizens told to stay home

From New York to Illinois, governors from coast to coast have told Americans not to leave home except for dire circumstances.

Bloomberg in hot seat, barbs over healthcare plans — most fiery Democratic debate yet

Michael Bloomberg was especially criticised for the contentious stop-and-frisk policy that was implemented in New York during his tenure as mayor.

On Camera

YourTurn

Kanhaiya Lal Teli’s body being taken for last rites in Udaipur on 29 June 2022 | Photo: ThePrint | Manisha Mondal

India’s blasphemy beheadings have a new audience—and they’re sitting behind smartphones

Videos on social media have become a key feature of blasphemy killings. Each inspires communal competitors to stage a more macabre act of revenge.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

File photo of Prime Minister Narendra Modi and Egyptian president Abdel Fattah Al Sisi on the latter's first visit to India | Photo: Twitter/@narendramodi

India and Egypt work towards building strategic relationship with focus on defence & security

From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.    

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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