On Friday, Reliance Industries announced a $1.5 billion stake sale in Jio to Vista Equity Partners, the third deal in just over two weeks. Two more firms are eyeing a share of Reliance Industries’ $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a part […]
Business
Moody’s Investors Service on Friday said it estimated India’s GDP growth to hit ‘zero’ in FY21 and pointed to a wide fiscal deficit, high government debt, weak social and physical infrastructure, and a fragile financial sector. The quality of India’s economic growth has declined in recent years, demonstrated by financial […]
In a three-month challenge, Microsoft is offering hackers up to $100,000 if they can break the security of its custom Linux OS. The challenge is focused on the Azure Sphere OS for which, Microsoft built a compact and custom version of Linux last year. “This new research challenge aims to […]
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he would be able to report in about a week or two whether China is fulfilling its obligations under a Phase 1 trade deal the two countries signed in January before the coronavirus spread globally. Trump, whose administration is weighing […]
The Bank of England expects the U.K. economy to shrink by around 25% in the second quarter as the economy reels from the effects of the new coronavirus. The U.K. central bank agreed at its May meeting to leave the benchmark interest rate unchanged at 0.1% and the size of […]
Ashish Nehra did not appreciate the fact that every now and then team combination is being tinkered with. Virat Kohli’s Indian team still has a long way to go before it is spoken of in the same breath as Australia of 2000s, feels former India pacer Ashish Nehra. Under Kohli’s […]
US golf industry leaders unveiled a three-stage plan on Tuesday to reopen courses with safety protocols in the wake of the coronavirus pandemic. US golf industry leaders unveiled a three-stage plan Tuesday to reopen courses with safety protocols in the wake of the coronavirus pandemic. Almost all states permit or […]
BEIJING, May 7 — China’s services firms wallowed in contraction in April as layoffs hit a record and export orders plunged after signs of improvement in March, a private survey showed, dashing hopes of a quick recovery from the coronavirus blow. The Caixin/Markit services Purchasing Managers’ Index (PMI) did manage […]
HONG KONG, May 7 — Asian markets dropped today as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures. With countries from Asia-Pacific to Europe and US states reopening their shattered economies, global equities have enjoyed […]
DUBAI, May 7 — In Dubai’s ritzy Marina district, white yachts are tethered to docks, standing idle — like many companies behind a luxury lifestyle industry battered by the coronavirus crisis. The boardwalks that snake around the precinct’s artificial bays and canals, once packed with tourists, mostly from China, Russia […]