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Bloomberg

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China adds 1 trn yuan more of stimulus to rescue economy, bolster growth

China stepped up its economic stimulus with a further 1 trillion yuan of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property market

China adds 1 trn yuan more of stimulus to rescue economy, bolster growth
Updated On : 26 Aug 2022 | 12:29 AM IST

Delhi plans to spend $600 mn to clean its polluted air, says official

India's mega urban centers, including capital New Delhi and financial hub Mumbai, are allocating funds to clean their water and air as population surges

Delhi plans to spend $600 mn to clean its polluted air, says official
Updated On : 25 Aug 2022 | 11:54 PM IST

Govt seeks Byju's reply on delayed filing of audited accounts: Report

Earlier this month, the Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the 17-month delay in filing audited accounts, say people familiar with the matter

Govt seeks Byju's reply on delayed filing of audited accounts: Report
Updated On : 25 Aug 2022 | 11:09 PM IST

Twitter whistleblower Peiter Zatko to testify before US Senate on Sept 13

The committee said it had subpoenaed Zatko, the company's former security chief, to appear a day after he went public with allegations that Twitter has failed to adequately protect data

Twitter whistleblower Peiter Zatko to testify before US Senate on Sept 13
Updated On : 25 Aug 2022 | 12:11 PM IST

Global bond inflows to emerging Asian markets signal shift in outlook

In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million

Global bond inflows to emerging Asian markets signal shift in outlook
Updated On : 25 Aug 2022 | 12:02 PM IST

China announces 19 new policies in a bid to bolster economic growth

The measures -- unveiled by the State Council, the country's Cabinet -- include more than 1 trillion yuan ($146 billion) in new funding to boost investment and consumption, as well as more flexibility

China announces 19 new policies in a bid to bolster economic growth
Updated On : 25 Aug 2022 | 9:56 AM IST

Pak's cycles of confrontation and overreaction benefit nobody but populists

Imran Khan's conspiracy-minded followers fully believe that a junior US diplomat masterminded their leader's sacking as prime minister

Pak's cycles of confrontation and overreaction benefit nobody but populists
Updated On : 25 Aug 2022 | 9:17 AM IST

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

India's economic indicators give conflicting signs of recovery in July
Updated On : 25 Aug 2022 | 9:01 AM IST

India to tell US that Russia oil price cap needs broader consensus: Report

The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers

India to tell US that Russia oil price cap needs broader consensus: Report
Updated On : 25 Aug 2022 | 12:31 AM IST

Flurry of block deals lifts cash trading market volumes from two-year lows

The rebound coincided with optimism that the US Federal Reserve may ease up on its pace of monetary tightening, prompting a recovery in stocks the world over

Flurry of block deals lifts cash trading market volumes from two-year lows
Updated On : 25 Aug 2022 | 12:21 AM IST

Russia mulls up to 30% oil discounts for some Asian buyers: Report

India is reluctant to join the scheme, since its industry worries it could lose out to other buyers on the chance to buy discounted Russian crude, say people familiar with the views of Indian firms

Russia mulls up to 30% oil discounts for some Asian buyers: Report
Updated On : 24 Aug 2022 | 6:22 PM IST

Adani Green's 2,021% debt-equity ratio is second-worst in Asia: Report

The Gujarat-based company's debt-to-equity ratio is only behind China's Datang Huayin Electric Power Co., which has a ratio of 2,452%, among 892 listed companies in Asia, according to Bloomberg data

Adani Green's 2,021% debt-equity ratio is second-worst in Asia: Report
Updated On : 24 Aug 2022 | 5:02 PM IST

Govt considers selling at least 51% of state-backed IDBI Bank: Report

Authorities plan to sell at least some of the government and LIC's stakes in IDBI Bank and cede management control

Govt considers selling at least 51% of state-backed IDBI Bank: Report
Updated On : 24 Aug 2022 | 3:16 PM IST

Six months of Putin's war in Ukraine unravels Russia's superpower image

Six months into President Vladimir Putin's invasion of Ukraine, the war has upended fundamental assumptions about Russia's military and economy

Six months of Putin's war in Ukraine unravels Russia's superpower image
Updated On : 24 Aug 2022 | 11:27 AM IST

China starts probing property executives for possible law violations

Chinese authorities said they were investigating at least four current and former top managers, including Xiamen C&D Real Estate Chairman Zhuang Yuekai, who is suspected of "serious" law violations

China starts probing property executives for possible law violations
Updated On : 24 Aug 2022 | 9:44 AM IST

China reopens doors to foreign students for first time in more than 2 years

Foreign nationals holding a valid Chinese residence permit for study or an APEC business travel card will be allowed to enter China starting today

China reopens doors to foreign students for first time in more than 2 years
Updated On : 24 Aug 2022 | 8:35 AM IST

Narendra Modi's nuclear power push gains traction as NTPC eyes new plants

A venture between NTPC Ltd. and India's monopoly nuclear developer is in advanced talks with the government to develop two 700-megawatt reactors in the central state of Madhya Pradesh

Narendra Modi's nuclear power push gains traction as NTPC eyes new plants
Updated On : 24 Aug 2022 | 8:13 AM IST

Russia may step up exports of fuels to Asia as EU sanctions tighten

Moscow's invasion of Ukraine has caused turmoil across energy markets this year, and that disruption is set to extend into 2023

Russia may step up exports of fuels to Asia as EU sanctions tighten
Updated On : 24 Aug 2022 | 7:17 AM IST

Billionaire Julian Robertson, hedge-fund guru to 'Tiger Cubs,' dies at 90

The North Carolina-born investor started New York-based Tiger Management in 1980 with $8.8 million. He was 48 at the time, relatively old to be launching his own firm

Billionaire Julian Robertson, hedge-fund guru to 'Tiger Cubs,' dies at 90
Updated On : 23 Aug 2022 | 11:27 PM IST

Bitcoin stuck in narrow range as traders brace for Jackson hole

Cryptocurrencies have been trading in tandem with US equities this year as both have been swayed by the Federal Reserve's interest-rate-hiking path

Bitcoin stuck in narrow range as traders brace for Jackson hole
Updated On : 23 Aug 2022 | 11:18 PM IST