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Bloomberg

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Airline companies' stocks recover from failed summer surge to hit 2022 high

The S&P Supercomposite Airlines Index is hovering around highs unseen since May 2022, poised to close Friday with its largest weekly gain since January of last year

Airline companies' stocks recover from failed summer surge to hit 2022 high
Updated On : 18 Oct 2024 | 10:47 PM IST

Expanding bond market to ease capital needs key to India's $5 trn goal

Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent

Expanding bond market to ease capital needs key to India's $5 trn goal
Updated On : 18 Oct 2024 | 2:27 PM IST

RBI cracks down on shadow banks over high-interest loans, rule violations

The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers

RBI cracks down on shadow banks over high-interest loans, rule violations
Updated On : 18 Oct 2024 | 11:39 AM IST

Portugal golden visa applicants stuck in limbo, use legal options

Greece, Spain and Italy are among the other EU countries that offer golden visas to non-European nationals

Portugal golden visa applicants stuck in limbo, use legal options
Updated On : 18 Oct 2024 | 10:47 AM IST

Six out of 10 Canadians feel there's 'too much immigration' in country

The poll reflects further erosion of public support for immigration, with the proportion of Canadians opposing the volume of new arrivals surging for the second straight year

Six out of 10 Canadians feel there's 'too much immigration' in country
Updated On : 18 Oct 2024 | 8:30 AM IST

US treasury secy warns on using tariffs to wall off US from world economy

Her comments, less than three weeks from the presidential election, come against a backdrop of Republican candidate Donald Trump touting tariff hikes as his preferred economic policy tool

US treasury secy warns on using tariffs to wall off US from world economy
Updated On : 17 Oct 2024 | 5:19 PM IST

EU may impose fine on X by including revenue from Musk's other businesses

The European Commission has been investigating X for several potential breaches of the Digital Services Act, newly introduced rules meant to ensure platforms police illegal content

EU may impose fine on X by including revenue from Musk's other businesses
Updated On : 17 Oct 2024 | 4:52 PM IST

Justin Trudeau describes failed efforts at quiet diplomacy with PM Modi

Canada's intelligence made it clear India was involved in the killing of Hardeep Singh Nijjar, a Sikh activist gunned down in British Columbia earlier that year, Trudeau said

Justin Trudeau describes failed efforts at quiet diplomacy with PM Modi
Updated On : 17 Oct 2024 | 3:47 PM IST

India Inc's spending splurge may not trickle down as small firms struggle

If this year's abundant rainfall tames food inflation, the central bank would have the scope to cut rates more deeply than the half percentage point some analysts currently expect

India Inc's spending splurge may not trickle down as small firms struggle
Updated On : 17 Oct 2024 | 1:14 PM IST

Ratan Tata, global giant who took Tata Group's operations to 80 countries

Ratan's global vision extended beyond expansion to innovation and wanted to pioneer a new type of innovation for a new type of consumer

Ratan Tata, global giant who took Tata Group's operations to 80 countries
Updated On : 17 Oct 2024 | 10:06 AM IST

Apple's chief people officer Carol Surface to exit after less than 2 years

When Surface joined Apple, she took over the people role from Deirdre O'Brien, who had been managing that team in addition to the company's retail stores

Apple's chief people officer Carol Surface to exit after less than 2 years
Updated On : 17 Oct 2024 | 9:02 AM IST

Apple worked secretly for years with China's BYD on long-range EV battery

Apple doesn't own any of the technology used in BYD's current Blade batteries, the partnership shows just how far the iPhone maker went in its efforts to produce a car

Apple worked secretly for years with China's BYD on long-range EV battery
Updated On : 17 Oct 2024 | 8:37 AM IST

US elections: Harris vows to be different than Biden in fiery Fox interview

Vice president said she and Biden had offered legislation to address the immigration system within hours of taking office

US elections: Harris vows to be different than Biden in fiery Fox interview
Updated On : 17 Oct 2024 | 8:27 AM IST

India considers risk that Canada may charge senior govt officials

India has denied the allegations made by the Canadian police. No specific details of the case were provided to India's government, the officials said

India considers risk that Canada may charge senior govt officials
Updated On : 16 Oct 2024 | 11:47 PM IST

BlackRock in talks with Jio Financial to set up private credit venture

The 50-50 joint venture will lend to businesses ranging from large companies to startups, the people said, asking not to be identified as the information is not public

BlackRock in talks with Jio Financial to set up private credit venture
Updated On : 16 Oct 2024 | 11:08 PM IST

LVMH sales slump in China rattles investors in luxury shares: Report

Slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 billion in LVMH market capitalization

LVMH sales slump in China rattles investors in luxury shares: Report
Updated On : 16 Oct 2024 | 10:55 PM IST

Musk's Starlink wins as Centre denies Ambani, Mittal spectrum auction pitch

Narendra Modi-led government faces task of luring foreign investment especially from heavyweights like Musk and balancing it with the demands placed by local wireless firms led by Ambani and Mittal

Musk's Starlink wins as Centre denies Ambani, Mittal spectrum auction pitch
Updated On : 16 Oct 2024 | 10:44 PM IST

'Reparations for black Americans deserve review,' says Kamala Harris

Issue of reparations for Black Americans has gained momentum with California in 2023 becoming first state to put a potential dollar value on multi-generational inequality as a direct result of slavery

'Reparations for black Americans deserve review,' says Kamala Harris
Updated On : 16 Oct 2024 | 9:51 AM IST

Meta to face lawsuits as states' claim it hooked kids to social media

The social media companies also face hundreds of lawsuits by public school districts alleging the platforms have created a public nuisance

Meta to face lawsuits as states' claim it hooked kids to social media
Updated On : 16 Oct 2024 | 9:44 AM IST

Silicon valley's Andreessen, Horowitz give millions to pro-Trump PAC

This super PAC raised $27.8 million, spent $22.6 million, and entered the final weeks of the campaign with $43.6 million cash on hand

Silicon valley's Andreessen, Horowitz give millions to pro-Trump PAC
Updated On : 16 Oct 2024 | 9:41 AM IST