Page 576 - Bloomberg

India wants to be friends with the West, but needs Russia: Sitharaman

"India wants to be friends with the European Union and the Western, free, liberal world, but not as a weak friend that needs desperate help here and there," Sitharaman said

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."

After years of silencing critics, Musk wants free speech on Twitter

Musk's tweets, public remarks and policies at the businesses he runs, shows little tolerance for speech that's unflattering to him or his companies, or reflects employee criticism of the workplace

Technology companies face billions in fines under EU content rules

The landmark Digital Services Act is the EU's answer to what it sees as a failure by tech giants to combat illegal content on their platforms.

Japan FM, US Treasury Secretary Yellen confirm existing forex agreements

Japan's Finance Minister Shunichi Suzuki and US Treasury Secretary Janet Yellen met Thursday and agreed to uphold existing foreign exchange-rate agreements

Fed chief Jerome Powell pivots toward 50 bps interest rate hikes

Jerome Powell is taking direct aim at strong demand that the central bank wants to cool

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

India's biggest bullion refiner forays into silver for industrial use

The plant will produce more than 100 million pieces of contacts this financial year, with plans to double output by the end of March 2024, he said

Serum Institute halts Covid-19 vaccine production amid global supply glut

Serum has cited protectionist measures in other countries that led to a shortage of raw materials as one reason it fell short of vaccine production goals at the height of the pandemic

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI

Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks

'Mayhem' ensues as Indonesia bans edible oil exports amid shortage

The shipment halt will start from April 28 and last until the government deems the shortage resolved, said President Joko Widodo in a Friday briefing.

French investigators issue arrest warrant for ex-Nissan chief Carlos Ghosn

Warrants targeting Ghosn concerns a wide spectrum of allegations ranging from his interactions with Omani car distributor to corporate spending on various events and trips that may have been personal

India must boost credit, labour to raise growth potential, says IMF

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

US slams China's support for Russia, pledges to help India with weapons

China said this week it plans to continue strengthening strategic ties with Russia, showing the relationship remains solid despite growing concerns over war crimes committed by Putin's forces

The battle between Bezos and Ambani continues, this time for cricket

Both Amazon Chairman Jeff Bezos, the second-richest person in the world, and Ambani, No 9, want to dominate India's large - and still highly informal - retail industry

Tesla earnings jump over 7 times in first quarter as users pay more

Musk optimistic about overcoming supply issues, foresees a big 2022 production gain

Putin claims victory in Mariupol, US to send more guns and money

Ukraine offers to negotiate with Russia 'without any conditions' in city with 120,000 civilians blocked from leaving

Musk confirms $46.5 bn lined up, considers tender offer for Twitter

Musk currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying a 9.1 per cent stake in Twitter in recent months, according to calculations

Billionaire's abrupt death leaves Dubai ruler to untangle messy inheritance

Al Futtaim's inheritance was left unresolved when the octogenarian died in December. While the villa was intended as a residence for him and his third wife

ITC Ltd resorts to partial price hikes on its dairy products

"Every category has had inflationary headwinds," said Sanjay Singal, chief operating officer for ITC's diary and beverage segments