Bloomberg
Bloomberg
Page 269 - Bloomberg/reuters
State-owned companies outperform pvt firms, here's why it's a problem
State firms have done better than India's benchmark Sensex index for three years straight, and look likely to do so again this year
 "State-owned companies outperform pvt firms, here's why it's a problem")
Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings
Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said
 "Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings")
Ambani sets sights on African telecom market, plans to develop 5G infra
Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo
 "Ambani sets sights on African telecom market, plans to develop 5G infra")
India, Indonesia stand out for emerging market investors in ageing world
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies
 "India, Indonesia stand out for emerging market investors in ageing world")
Rishi Sunak's national service plan faces enforcement, funding questions
Sunak is hoping that, if he can't beat Labour leader Keir Starmer, he can at least save the Conservatives from a historic wipeout, his allies have told Bloomberg
 "Rishi Sunak's national service plan faces enforcement, funding questions")
Fed's favourite underlying inflation gauge cools, shows modest relief
Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April
 "Fed's favourite underlying inflation gauge cools, shows modest relief")
Tesla shareholders should reject CEO Musk's pay package, says Glass Lewis
The recommendation to large institutional investors may sway their vote over Musk's pay at the carmaker's June 13 annual meeting
 "Tesla shareholders should reject CEO Musk's pay package, says Glass Lewis")
US won't finalise global tax deal until India, China resolve issues: Yellen
'India, in particular, has been a holdout and China has not really engaged very much in these negotiations at all,' Yellen told reporters Sat on the sidelines of a G7 finance minsters meeting in Italy
 "US won't finalise global tax deal until India, China resolve issues: Yellen")
LS polls 2024: AAP, Cong join hands in hopes of unseating PM Modi In Delhi
In his campaign rallies, Kejriwal has tried to highlight bread and butter issues to supporters
 "LS polls 2024: AAP, Cong join hands in hopes of unseating PM Modi In Delhi")
Secret billionaire unmasked in Kazakhstan's fraud hunt caused by riots
Kazakhstan is on a mission to uproot corruption because it's holding back economic development, said Askhat Zhumagali, head of the anti-corruption agency that oversees the crackdown
 "Secret billionaire unmasked in Kazakhstan's fraud hunt caused by riots")
President Biden to end tariff exclusions on hundreds of Chinese products
Some of the products receiving continued exclusions through next May include types of motors and medical equipment, but the products are as varied as child safety seats
 "President Biden to end tariff exclusions on hundreds of Chinese products")
Anti-Israel boycotts hurting McDonald's, KFC in West Asia and Europe
McDonald's became a target of boycotts after photos and videos on social media showed its franchised stores in Israel giving meals to the nation's soldiers following the October 7 attack
 "Anti-Israel boycotts hurting McDonald's, KFC in West Asia and Europe")
Elon Musk's SpaceX in discussion to sell shares at $200 billion valuation
A $200 billion valuation would be a premium to the $180 billion valuation the company obtained through its most recent tender offer
 "Elon Musk's SpaceX in discussion to sell shares at $200 billion valuation")
Tata Power planning to raise $1 bn loan for clean energy projects
India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts
 "Tata Power planning to raise $1 bn loan for clean energy projects")
Adani Enterprises recovers all stock mkt losses sparked by Hindenburg
The flagship's stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023
 "Adani Enterprises recovers all stock mkt losses sparked by Hindenburg")
Nomura gives 150% salary hike to its top executives as earnings boom
The moves come after the Japanese firm spent several years improving risk controls after losing almost $3 billion in 2021 on the collapse of investment firm Archegos Capital Management
 "Nomura gives 150% salary hike to its top executives as earnings boom")
Singapore Airlines changes seatbelt sign rules after fatal turbulence
Singapore Air "will continue to review our processes" to prioritise the safety of crew and passengers, the airline said
 "Singapore Airlines changes seatbelt sign rules after fatal turbulence")
Almost 30% of Americans say college degree not worth it in Pew survey
Half of US adults in the report think college is worth the cost, but only as long as they don't need to take out a loan
 "Almost 30% of Americans say college degree not worth it in Pew survey")
Burger King to launch $5 value meal, offering planned ahead of McDonald's
The company's existing value offerings include a $2.99 chicken wrap and a $5 deal that includes two Whopper Jr. burgers
 "Burger King to launch $5 value meal, offering planned ahead of McDonald's")
Nvidia's Huang now richer than every member of Walmart's founding family
Huang's net worth jumped to $91.3 billion Thursday, bumping him up three spots on the Bloomberg Billionaires Index to become the 17th-richest person in the world
 "Nvidia's Huang now richer than every member of Walmart's founding family")