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An $8.8 bn IPO wave sweeps across India as investors bet on startups

The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July

$549 mn planes sold as scrap: Ten ways US blew cash in Afghanistan

Watchdog set up by Congress spent 13 years documenting the successes and failures of America's efforts in Afghanistan.

Vietnam, India top measure of cryptocurrency adoption by individuals

Interest in cryptocurrencies has surged since the onset of the pandemic, in part because of substantial gains by digital tokens like Bitcoin and Ether

India's open e-commerce may quietly close another door for Amazon, Flipkart

An assault on the economics of digital platforms will possibly rank among the most far-reaching separations of platforms and commerce seen anywhere.

Covid vaccines fight off infections but less effective against delta: Study

Results from UK survey are likely to fuel calls to give booster shots to the fully vaccinated.

Biden administration to start offering vaccine booster shots on Sept 20

The US will begin issuing more booster shots as soon as Sept. 20 to people who received their second shot at least eight months earlier

After $610 million crypto heist, hacker has job offer from his victim

PolyNetwork was hit by $600-million heist last week

India's chronic disease burden helped fuel Covid-19's brutal waves

For years India has faced an escalating non-communicable disease crisis as its middle-class expands and leads a more sedentary and affluent lifestyle

India probes L&T's employee welfare arm for alleged fraud

The Registrar of Companies has issued a notice to two companies -- LandT Welfare Co Ltd. and L&T Employees Welfare Foundation -- seeking their response

Bond losses seen as RBI's rate setters move toward a hawkish stance

The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%

China's education crackdown pushes costly tutors underground

A sweeping overhaul announced last month bans private companies from teaching the school syllabus during weekends and vacations and from making a profit, along with a laundry list of other restriction

US Fed's reverse-repo facility usage up to record $1.08 trillion

The amount of cash investors are parking at a major Federal Reserve facility surged above $1 trillion once again amid an overabundance of US dollars

Adidas sells Reebok to US firm Authentic Brands Group in $2.5 billion deal

The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement

Richard Branson sells $300-million stake in Virgin Galactic Holdings

The billionaire offloaded almost 10.5 million shares -- about 4% of the space-travel company -- through a company he controls, leaving him with an 18% stake, according to a regulatory filing

ACME seeks to tap global investors for its $2.7-bn India solar push

It is seeking to raise about a quarter of the total investment by tapping global investors from private equity firms to pension funds

Credit Suisse adds risk veterans to board with UBS, Lloyds alums

Credit Suisse is working to rebuild its management ranks after the $5.5 billion hit related to losses from prime brokerage client Archegos

Covid-19: China's port shutdown raises fears of closures worldwide

The shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions

India wants Tesla's local sourcing plans, roadmap before any tax breaks

The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles

Rishi Sunak pledges 'no return to austerity' as he plots UK recovery

Gears up for a multi-year spending review in the fall, at which he'll set spending budgets for the next three years

China steps up crackdown on insurance technology companies

The regulator has ordered companies and local agencies to curb improper marketing and pricing practices, and step up user privacy protection, according to a notice seen by Bloomberg News