Bloomberg
Bloomberg
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Tata Steel in talks to raise up to $400 million in offshore green loan
No final decision has yet been taken and details may still change, according to the people. Bloomberg-compiled data indicate this would be Tata Steel's first green loan
 "Tata Steel in talks to raise up to $400 million in offshore green loan")
Adani Group's debt pile up almost 21%, relies on global banks for funding
The ratio of net debt to run-rate earnings before interest, tax, depreciation and amortization was about 3.2 in the 2023 fiscal year, which ended in March
 "Adani Group's debt pile up almost 21%, relies on global banks for funding")
In a bid to curb inequality, India eyes higher capital gains tax for rich
India's reliance on indirect taxes - levies on consumption - rather than direct taxes on capital is often cited by economists as the main culprit behind the country's poor getting left behind
 "In a bid to curb inequality, India eyes higher capital gains tax for rich")
GSK to acquire Canada-based Bellus for $2 billion to gain cough medicine
The takeover will bring GSK a cough medicine that's shown promising results in clinical trials and has advanced through much of the research process
 "GSK to acquire Canada-based Bellus for $2 billion to gain cough medicine")
JioCinema to start subscription model after IPL 2023; check details here
JioCinema drew more than 1.47 billion video views during the opening weekend of the IPL in April, and had 22 million viewers for a match on Wednesday
 "JioCinema to start subscription model after IPL 2023; check details here")
Government eyes higher capital gains tax for rich to curb inequality
The government tried to address this issue partially in the recent budget by taxing debt funds at the income tax rate
 "Government eyes higher capital gains tax for rich to curb inequality")
Pivot beyond China: Apple's chief rival has a cautionary tale for India
If Apple is to rely on India for domestic supply, and demand rises quicker than output, then growth could be hit
 "Pivot beyond China: Apple's chief rival has a cautionary tale for India")
How Japan's cybersecurity nightmare is everyone else's problem too
But while Japan might be an extreme example of such vulnerabilities, it is far from the only country at risk
 "How Japan's cybersecurity nightmare is everyone else's problem too")
BlackRock's assets seen topping $15 tn in 5 years' time: Morgan Stanley
The gains are likely to continue, according to Morgan Stanley analyst, raising BlackRock's price target to $861 from $829, the second-highest among analysts tracked by Bloomberg
 "BlackRock's assets seen topping $15 tn in 5 years' time: Morgan Stanley")
Worthless degrees are creating an unemployable generation in India
Half of all graduates in India are unemployable in the future due to problems in the education system, according to a study
 "Worthless degrees are creating an unemployable generation in India")
Pick tech over finance: Street's career advice to highschoolers
A recent Goldman Sachs Group Inc. report estimated that some 300 million full-time jobs worldwide may soon be affected by AI automation
 "Pick tech over finance: Street's career advice to highschoolers")
Sega Sammy Holdings to buy Angry Birds maker for $776 million
For Rovio, the famous Angry Birds franchise is the cornerstone of the Finnish company's operations
 "Sega Sammy Holdings to buy Angry Birds maker for $776 million")
Making enough effort to ensure economy remains buoyant: FM Sitharaman
'Weakness in demand for goods, services activity could be a drag on recovery'
 "Making enough effort to ensure economy remains buoyant: FM Sitharaman")
Subdued outlook: Tsunami of rating downgrades sinks Infosys stock
Over 10 brokerages lower price targets after guidance disappointment
 "Subdued outlook: Tsunami of rating downgrades sinks Infosys stock")
India will push back on Western monopoly over ESG targets: Sanjeev Sanyal
India needs to resist efforts by some Western ratings companies to push ESG norms on emerging markets even as PM Narendra Modi's government is committed to zero out greenhouse gas emissions by 2070
 "India will push back on Western monopoly over ESG targets: Sanjeev Sanyal")
Will dollar continue to dominate world trade or will other currencies gain?
An aggressive push by Chinese President Xi Jinping and the slow but steady rise in yuan use for transactions has contributed to the international chatter around reducing global use of dollar
As Apple India sales near $6 bn, CEO Cook arrives to launch first stores
Apple's India sales surged during the pandemic as customers bought iPhones, iPads and MacBooks to work and study from home. And that momentum has continued, helped by financing and trade-in options
 "As Apple India sales near $6 bn, CEO Cook arrives to launch first stores")
Rush to deploy AI without oversight can have harmful effects: Sundar Pichai
"We don't have all the answers there yet, and the technology is moving fast," Pichai said. "So does that keep me up at night? Absolutely"
 "Rush to deploy AI without oversight can have harmful effects: Sundar Pichai")
Google may lose search on Samsung devices to Microsoft Bing: Report
Google is working on several projects to update and renew its search services to avoid losing ground
 "Google may lose search on Samsung devices to Microsoft Bing: Report")
Low diesel demand in China, US, Europe triggers global recession fears
Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning," said Ben Ayers, a senior economist in the US with Nationwide Economics
 "Low diesel demand in China, US, Europe triggers global recession fears")
