Page 733 - Bloomberg

RBI's payout unlikely to plug the huge govt revenue hole created by Covid

Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital

Jan Marsalek added to Interpol's most wanted list, sparking worldwide hunt

The move alerts police worldwide that Germany wants help to track down the former manager as part of the criminal probe into the firm's meltdown

China says frozen chicken wings from Brazil tested positive for Covid

The positive sample appears to have been taken from the surface of the meat, while previously reported positive cases from other Chinese cities have been from the surface of imported frozen seafood

Hyperion says it's developed hydrogen-powered supercar, now it needs money

The supercar will go 1,000 miles before refuelling, the company says

Malaysia issues rare rebuke on China's maritime claim over South China Sea

The govt made a submission to the UN two weeks ago on its rights over the remaining portion of a continental shelf beyond 200 nautical miles from the country's baselines

Airbnb revenue tumbles 67% to $335 million in Q2; IPO still planned

Airbnb recorded a loss before interest, taxes, depreciation and amortisation of $400 million in the second quarter

Apple likely to unveil subscription bundles to boost digital services

The bundles, dubbed 'Apple One' inside the Cupertino, California-based technology giant, are planned to launch as early as October alongside the next iPhone line

Goodbye bartenders, hello robots: How pandemic has changed concept of bars

To be sure, robotic mixologists won't solve the risk of close quarters - which is part of what makes bars ideal hotspots for transmitting the virus

Raiding RBI war chest, asking people to deposit gold needless distractions

Using the central bank's gold to raise resources is no substitute for bolstering the sovereign's credibility with investors

China's Huawei, ZTE set to be shut out of India's 5G roll out plans

While India allowed Huawei to participate in its 5G trials earlier this year, its stance against Chinese companies hardened after China's actions along their disputed border in early May

Shadow bank bond sales rebound as lenders raise Rs 81,300 cr since April

More cash for shadow banks is good news for the Indian economy, which relies on these firms to provide financing to everyone from tailors to business giants

'Harvard Hyderabad': The future of US higher education could be in India

Universities that open significant branches in India could become among the very best in the world, argues Tyler Cowen.

Gold may fall from current high, but a drop below $1,700 unlikely

For all its fake advantages, the metal has one genuinely useful property - its unrivalled ability to move in the opposite direction to equities and bond yields

Highest-rated banking stock ICICI's performance hasn't been stellar

Lockdowns and low interest rates have taken a toll on global financial stocks

Liberty Global to acquire Switzerland's Sunrise in $5.4 billion deal

The cable giant offered 110 Swiss francs per share, and Sunrise's largest shareholder, Freenet AG, has also agreed to sell its 24 per cent stake

China to widen agenda, bring up WeChat, TikTok in next US trade talks

A virtual meeting will likely take place as soon as this week though a date hasn't been finalized, according to people familiar with preparations for the talks who asked not to be named

Instagram faces lawsuit over illegal harvesting of biometric data

In the new lawsuit, filed Monday in state court in Redwood City, California, the company is accused of collecting, storing and profiting from the biometrics of more than 100 million Instagram users

Sumner Redstone, who made Viacom a global empire, passes away at 97

Redstone, as executive chairman of both Viacom and CBS, had controlled the two companies through privately held National Amusements

Tesla splitting stock to make richly-valued shares attainable again

Each stockholder of record on August 21 will receive a dividend of four additional shares of common stock for each one they own

Tea industry struggles amid rains, lockdown, and buyers turning to Kenya

Heavy rains and the absence of tea pickers because of lockdowns have hammered production and sent local prices spiraling to records