Page 657 - Bloomberg/workspace/business Standard Web/video

India needs a new round of bankruptcy reform that won't stiff creditors

Political constraints have never allowed India's public institutions to save capitalism from powerful capitalists, something that a tough bankruptcy law was supposed to change

China blocks Didi Chuxing from all app stores over misuse of user data

Current half-bn users can order rides if they downloaded the app before Sunday

Delta variant of Covid creates emerging market gap as outperformers hit

Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB

Get used to it: Investors expect record-breaking equity rally to continue

Of course, pitfalls abound. Here is a look at some of the factors keeping investors hooked on equities despite the risks

The race to become the vanguard of India's stock market is on

India's biggest broker is awaiting regulatory approval for an asset management company that will focus only on passive investing.

Tokyo election tests Prime Minister Yoshihide Suga ahead of Olympics

Polls opened at 7 a.m. Sunday and will close at 8 p.m. in the battle for power in the 127-seat metro assembly representing the nearly 14 million residents of the Japanese capital

A massive ransomware attack has hit more than 1,000 companies

So far, more than 20 MSPs have been affected, said John Hammond, a cybersecurity researcher at Huntress Labs.

Covid: Putin's 'lockdown lite' as Moscow stops millions from dining out

But mindful of hostility to the vaccines in Russia ahead of key elections, he's steering away from making the shots mandatory nationwide.

World's oldest wealth fund swells to record $700 bn and cracks the top 3

KIA, the world's oldest sovereign wealth fund whose roots predate the birth of the modern state of Kuwait, doesn't officially disclose the value of its assets.

RBI proposes framework for acceptable bids at auctions to underwriters

RBI tries another way to tame bond yields as they have been rising in India on worries over inflation

OPEC+ fails to reach output deal with talks kicked to Monday

Negotiations will resume next week after what's likely to be a weekend of furious diplomacy. The U.S. has already voiced concerns about rising gasoline prices as oil tops $75 a barrel.

Didi shares dive as China unveils new cyber probe after mega IPO

Didi lost as much as 11% of its market value at one point on Friday

China's foreign minister warns foes not to misjudge China's will

In a sweeping speech that touched on topics from the global pandemic to counterterrorism, North Korea to the Iran nuclear issue and Taiwan, Foreign Minister Wang Yi showcased China's rising confidence

US seeks refuge for Afghan staff as it hands over Bagram airbase

The US had said it would have most troops out by September 11, keeping a contingent of about 650 in the country to protect diplomats, but that timetable was accelerated.

Richard Branson plans first space trip days before Jeff Bezos blasts off

Branson will evaluate the "private astronaut experience," the company said, as Virgin Galactic prepares to offer flights to well-heeled customers in 2022.

Power generator NTPC plans IPO for Rs 2.5 trn expansion of renewables biz

Listing intended to enable transformation over the next decade for a company that relies on coal to produce the vast majority of its electricity.

Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding

The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others

US adds 850,000 jobs in June, the most in 10 months as hiring gains pace

The labor force participation rate held steady and remained well short of pre-pandemic levels

Alibaba founders pledge shares for loans from global banks: Report

Alibaba said co-founder Ma and his affiliates currently did not have any loans outstanding collateralized by the company's shares.

Used vehicle unicorn Cars24 nears $250 mn deal that could double valuation

Cars24 aims to make the purchase of a pre-owned vehicle as easy as buying a refrigerator or a smartphone online.