Bloomberg
Bloomberg
Page 637 - Bloomberg/workspace/business Standard Web/video
Jobs lost, wages cut: India's world-beating GDP masks pain of the pandemic
An economy that performs well below potential for too long will suffer a permanent loss, writes Andy Mukherjee.
 "Jobs lost, wages cut: India's world-beating GDP masks pain of the pandemic")
India to offer indemnity to Air India bidder over Cairn claim: Report
Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day
 "India to offer indemnity to Air India bidder over Cairn claim: Report")
Go ahead and reinvent your career. you'll have plenty of options
Declines in automobile and new home sales, combined with the rise of services like Uber, led to a belief that in the future people would be less attached to buying things
 "Go ahead and reinvent your career. you'll have plenty of options")
Rupee's sudden gains have traders speculating RBI is easing grip
The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2
 "Rupee's sudden gains have traders speculating RBI is easing grip")
Amazon app seeks share of India's farm market, offers advice on crops
Dedicated mobile app to help farmers make decisions on crops and even deploy machine learning technology.
 "Amazon app seeks share of India's farm market, offers advice on crops")
India's red-hot property stocks seen extending run on demand surge
India's property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis and a surprise 2016 cash ban hurt demand
 "India's red-hot property stocks seen extending run on demand surge")
Covid vaccines may become a viable business, but that's not good news
Vaccines are not consumer products made by pharmaceutical industry: they are infrastructure.
 "Covid vaccines may become a viable business, but that's not good news")
Apple plans to add satellite features to iPhones for emergencies
The company is developing at least two related emergency features that will rely on satellite networks, aiming to release them in future iPhones, according to a person with knowledge of the situation
 "Apple plans to add satellite features to iPhones for emergencies")
China's securities regulator vows to crack down on private equity funds
The China Securities Regulatory Commission will work to root out "fake" private equity funds that are actually sold to the general public, Chairman Yi Huiman said in a speech
 "China's securities regulator vows to crack down on private equity funds")
Xi Jinping clears action on everything, from monopolies to pollution
Xi in particular stressed the importance of strengthening anti-monopoly regulations, a push that has already cost tech giants hundreds of billions of dollars in market value
 "Xi Jinping clears action on everything, from monopolies to pollution")
China threatens to ban e-commerce companies that flout IP laws
E-commerce platforms will be restricted from online business operations or even have their licenses revoked if they fail to deal with serious violations of IP rights by vendors on their platforms
 "China threatens to ban e-commerce companies that flout IP laws")
Alpha, Delta and more: Why coronavirus variants are causing alarm
Scientists pay the most attention to mutations in the gene that encodes the virus's spike protein, which plays a key role in its entry into cells and is targeted by vaccines
 "Alpha, Delta and more: Why coronavirus variants are causing alarm")
Evergrande Group flags default risk from cash crunch; bonds fall
The company said it's exploring the sale of interests in its listed electric vehicle and property services units, as well as other assets
 "Evergrande Group flags default risk from cash crunch; bonds fall")
Euro-area inflation jumps to decade-high 3% in challenge for ECB
Consumer prices rose 3%
 "Euro-area inflation jumps to decade-high 3% in challenge for ECB")
Aluminium hits 10-year high as demand roars, China supply curbed
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
 "Aluminium hits 10-year high as demand roars, China supply curbed")
Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal
The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday
 "Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal")
August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers
Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
 "August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers")
Oil heads for its biggest monthly loss this year ahead of OPEC+ meet
The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.
 "Oil heads for its biggest monthly loss this year ahead of OPEC+ meet")
Tesla inches closer to entering India as road ministry approves 4 models
Tesla has had its vehicles certified as being roadworthy in India, says ministry website.
 "Tesla inches closer to entering India as road ministry approves 4 models")
Peter Thiel's founders fund backs $130 million Japan technology fund
Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs
 "Peter Thiel's founders fund backs $130 million Japan technology fund")