Page 747 - Bloomberg

RIL deploys Rs 35,000 crore 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

Mindspace REIT plans to raise $599 million through IPO to pay debt

The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining

Stocks end higher on hopes of strong quarterly earnings, economic growth

The S&P BSE Sensex climbed 1.5% to close at 37,020.14- most since March 6

Twitter hack hits Obama, Biden, Musk in Bitcoin scam; stock sinks

Others whose Twitter accounts were caught up in the security incident included Bill Gates, Elon Musk, Kanye West, Uber Technologies Inc, Apple, and Michael Bloomberg

Covid-19 crisis: US, UK allege Russians are trying to steal vaccine

It is unclear whether research facilities have been damaged or if the vaccine programmes have been set back as a result of the hacks, but officials warned that the cyberattacks are ongoing.

Small- and mid-sized business bankruptcies may triple, warns IMF

A staff analysis of 17 countries suggests that bankruptcies for the firms could surge to 12 per cent, from 4 per cent before the pandemic, the IMF said in a report on Thursday.

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Pakistan back in China's Belt and Road game with projects worth $11 bn

The Chinese financing has helped rid Pakistan of an electricity deficit that left exporters unable to meet orders and major cities without electricity for much of the day.

Can Mukesh Ambani take on Chinese giants like Tencent, Huawei and Xiaomi?

Ambani dropped enough hints that last year's plan to sell 20 per cent of his mainstay oils-to-chemicals business to Saudi Aramco was now unlikely

Wirecard former COO Jan Marsalek in soup over two disputed deals in India

The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.

SoftBank stock bounces to 2020 peak as buyers look beyond WeWork

The stock rose 2.6 per cent on Friday to 5,778 yen ($54), the highest since July 2019

Mass exodus begins from Beijing after govt eases travel restrictions

Residents from areas of Beijing designated "low risk" will be allowed to leave the city without having to be tested negative for the coronavirus from July 4

Boeing quietly pulls plug on the 747, closing era of jumbo jets

The last 747-8 will roll out of a Seattle-area factory in about two years

India's power companies face cash crunch after PFC rating cut to junk

Electricity projects, already reeling under precarious finances, could see borrowing costs soar if Power Finance isn't able to access the dollar bond market or raises funds overseas

ECB split is brewing on President Lagarde's signature crisis-fighting tool

Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries

Zoom's newest challenger: Budding internet tycoon Mukesh Ambani

Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls - but unlike Zoom, it doesn't impose a 40-minute time limit.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

Jeff Bezos's wealth soars to record $171.6 billion: Billionaires Index

Shares of the retailer surged 4.4 per cent to a record $2,878.70, boosting the founder's world-leading fortune to $171.6 billion.

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

Wary hedge fund managers aren't buying into rally in Indian stocks

Avendus isn't alone in bracing for another selloff