New investments: Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi, renewing the iPhone maker’s commitment to invest in the region. https://trib.al/PIs5XGc
The AI dilemma: If ChatGPT's technology replaces software engineers, India would be impacted the most. https://trib.al/HuJCeeo
Capital gains tax: India is preparing an overhaul of its direct tax laws to replace a complicated matrix of rules and help Prime Minister Modi reduce widening income inequality if he returns to power next year. https://trib.al/vyEBfDH
The AI dilemma: If ChatGPT's technology replaces software engineers, India would be impacted the most. https://trib.al/HuJCeeo
Capital gains tax: India is preparing an overhaul of its direct tax laws to replace a complicated matrix of rules and help Prime Minister Modi reduce widening income inequality if he returns to power next year. https://trib.al/vyEBfDH
Staying away: Money managers in India have continued to trim holdings of Adani Group's stocks, suggesting concerns remain even after the worst of the rout seems to have passed. https://bloom.bg/3N0dlrq
Endangering growth: India's heat waves are making almost all of its people more vulnerable to illness and hunger, holding back development in the most populous nation. https://bloom.bg/43R6Mgz
Overtaking China: The label of world's most populous country in the world won't be enough for India to take over as the world's biggest growth driver. https://bloom.bg/40ndtUO
Endangering growth: India's heat waves are making almost all of its people more vulnerable to illness and hunger, holding back development in the most populous nation. https://bloom.bg/43R6Mgz
Overtaking China: The label of world's most populous country in the world won't be enough for India to take over as the world's biggest growth driver. https://bloom.bg/40ndtUO
A court in India has denied Rahul Gandhi’s appeal to suspend his defamation conviction, a setback to the opposition leader who has been sentenced to two years in jail and disqualified from parliament over the charge.
The interim order means Gandhi may not be able to contest national elections due next summer unless a higher court rules in his favor.
Gandhi can appeal Thursday’s order in the high court. He will also stay out of jail as an earlier court order said his prison term is suspended until it reaches a final decision on his appeal against the conviction.
More details here: http://bloom.bg/3mHHSzz
The interim order means Gandhi may not be able to contest national elections due next summer unless a higher court rules in his favor.
Gandhi can appeal Thursday’s order in the high court. He will also stay out of jail as an earlier court order said his prison term is suspended until it reaches a final decision on his appeal against the conviction.
More details here: http://bloom.bg/3mHHSzz
LIVE NOW: 🇮🇳 Join our Twitter Space discussion on India overtaking China's population and what that means on the link here: http://bloom.bg/41LpK6t
Ponzi apps: India's finance minister warned about the rise of 'fin-fluencers' as the government looks to clamp down on ponzi applications promising huge returns. https://bloom.bg/3AnJKQZ
Regaining confidence: Adani Group has started it's first bond buyback since it was targeted by short-seller Hindenburg. https://bloom.bg/3Aqkf1m
New awakening: Bitcoin's rebound is just the start of a rally that will take it past $50,000 next year, says crypto analysts, as it's set to go through 'halving' that curbs supply of new tokens. https://bloom.bg/3AGRHRH
Regaining confidence: Adani Group has started it's first bond buyback since it was targeted by short-seller Hindenburg. https://bloom.bg/3Aqkf1m
New awakening: Bitcoin's rebound is just the start of a rally that will take it past $50,000 next year, says crypto analysts, as it's set to go through 'halving' that curbs supply of new tokens. https://bloom.bg/3AGRHRH
Too many G’s: Verizon, AT&T and T-Mobile face a 6G future amid the US-China tech race. https://trib.al/QT1uz1M
Distancing from envoy remarks: China says it “respects” the independence of the former Soviet Union states,” after the nation’s diplomat to France sparked a firestorm in Europe by questioning their sovereignty. https://trib.al/1kjL6BL
Combination two-drug pill: Japan is set to approve the nation’s first abortion pill, decades after it became available in France and US. https://trib.al/rYL96eU
Distancing from envoy remarks: China says it “respects” the independence of the former Soviet Union states,” after the nation’s diplomat to France sparked a firestorm in Europe by questioning their sovereignty. https://trib.al/1kjL6BL
Combination two-drug pill: Japan is set to approve the nation’s first abortion pill, decades after it became available in France and US. https://trib.al/rYL96eU
Stepping back: AirAsia's Tony Fernandes, one of the best-known names in global aviation, plans to focus more on areas such as health, education and private equity. https://bloom.bg/3L3nqRC
Graying population: As India overtakes China as the most populous country in the world, both the nations face tough questions on catering to their aging demographics. https://bloom.bg/3oEMkiW
Growing investments: Bankers chase startups in Japan amid funding crunch elsewhere, as Prime Minister Kishida seeks to breathe new life into the nation's startup scene. https://bit.ly/43XeOEJ
Graying population: As India overtakes China as the most populous country in the world, both the nations face tough questions on catering to their aging demographics. https://bloom.bg/3oEMkiW
Growing investments: Bankers chase startups in Japan amid funding crunch elsewhere, as Prime Minister Kishida seeks to breathe new life into the nation's startup scene. https://bit.ly/43XeOEJ
Silent role: How did billionaire Gautam Adani build his mighty business empire? The spotlight is turning to the quiet role of his brother Vinod. https://bloom.bg/3L6soNp
Bad syrup: The World Health Organization found contaminated cough syrup, manufactured in India, in the Western Pacific islands. https://bloom.bg/3n4LxYi
Money moguls: From Binance’s Changpeng Zhao to India's Uday Kotak, these are the richest 25 people in new finance — and they are moving up fast. https://bloom.bg/3oFXuUG
Bad syrup: The World Health Organization found contaminated cough syrup, manufactured in India, in the Western Pacific islands. https://bloom.bg/3n4LxYi
Money moguls: From Binance’s Changpeng Zhao to India's Uday Kotak, these are the richest 25 people in new finance — and they are moving up fast. https://bloom.bg/3oFXuUG
Green push: India is accelerating renewable energy project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030. https://bloom.bg/3NhGMoR
Big expansion: India's largest carmaker is planning to double manufacturing capability, adding capacity of up to 1 million vehicles annually after profit beats expectation. https://bloom.bg/3Ni7HRE
Costly flying: Airfares have skyrocketed across the world since the pandemic. Here's why it's likely to remain expensive. https://bloom.bg/444xpPl
Big expansion: India's largest carmaker is planning to double manufacturing capability, adding capacity of up to 1 million vehicles annually after profit beats expectation. https://bloom.bg/3Ni7HRE
Costly flying: Airfares have skyrocketed across the world since the pandemic. Here's why it's likely to remain expensive. https://bloom.bg/444xpPl
Streaming wars: Mukesh Ambani's broadcast venture signed a muti-year pact with Warner Bros Discovery to stream its exclusive content including Succession and House of the Dragons in India, marking another win for Asia's richest man over Walt Disney. https://bloom.bg/3NkVafV
Back to binge: Adani Group is aiming to raise about $800 million for new green energy projects, in what could be its biggest borrowing since the scathing report from short-seller Hindenburg. https://bloom.bg/3LC7VBG
Top exporter: Thailand consolidated its position as the top global condom exporter in 2022, a year when its biggest buyer China coincidentally reported its first population drop in six decades. https://bloom.bg/3LhI9RV
Back to binge: Adani Group is aiming to raise about $800 million for new green energy projects, in what could be its biggest borrowing since the scathing report from short-seller Hindenburg. https://bloom.bg/3LC7VBG
Top exporter: Thailand consolidated its position as the top global condom exporter in 2022, a year when its biggest buyer China coincidentally reported its first population drop in six decades. https://bloom.bg/3LhI9RV
Startup troubles: India’s most valuable startup, Byju's, sought to reassure employees and partners after a weekend raid of the education company’s offices by the agency that investigates money laundering in the country. https://bloom.bg/3LpVl77
Energy leader: Billionaire Adani's clean energy unit's fourth-quarter profits surge as the conglomerate prioritizes renewable power. https://bloom.bg/3njaP4S
ChatGPT frenzy: Samsung is banning employee use of tools such as ChatGPT after discovering staff uploaded sensitive code to the platform. https://bloom.bg/41aKNPr
Energy leader: Billionaire Adani's clean energy unit's fourth-quarter profits surge as the conglomerate prioritizes renewable power. https://bloom.bg/3njaP4S
ChatGPT frenzy: Samsung is banning employee use of tools such as ChatGPT after discovering staff uploaded sensitive code to the platform. https://bloom.bg/41aKNPr
China's answers to ChatGPT: Chinese censorship of social media is well established, but how is it playing out in the new world of generative AI? https://trib.al/Cd9ZeNr
Freighter planes: Japan Airlines will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand. https://trib.al/s1YkTfE
Potential adversaries: An assessment found the US Navy most hobbled by failures in acquiring parts, personnel, supplies and training — despite being on the front lines in a potential conflict with China. https://trib.al/MkElyOM
Freighter planes: Japan Airlines will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand. https://trib.al/s1YkTfE
Potential adversaries: An assessment found the US Navy most hobbled by failures in acquiring parts, personnel, supplies and training — despite being on the front lines in a potential conflict with China. https://trib.al/MkElyOM
Free pass: The Biden administration has decided to remain publicly quiet on India’s democratic backsliding, according to senior US officials, as the US intensifies efforts to keep New Delhi on its side in the rivalry with China. https://bloom.bg/421kJaw
Airline insolvency: Tycoon Wadia's airline Go Airlines India filed for insolvency, blaming failing Pratt & Whitney engines for grounding about half its fleet of Airbus aircrafts. https://bloom.bg/3niGvYn
Tilting towards bonds: Fund managers from Morgan Stanley and UBS are picking bonds over stocks as threat of recession looms. https://bloom.bg/3VtM56U
Airline insolvency: Tycoon Wadia's airline Go Airlines India filed for insolvency, blaming failing Pratt & Whitney engines for grounding about half its fleet of Airbus aircrafts. https://bloom.bg/3niGvYn
Tilting towards bonds: Fund managers from Morgan Stanley and UBS are picking bonds over stocks as threat of recession looms. https://bloom.bg/3VtM56U
Funding lines: The Jain brothers, who together control one of the largest media conglomerates in India which runs The Times of India, have initiated talks with financiers as the firms partition looms. https://trib.al/asfy9xF
China worries deepen: The Biden administration has made the call to stay quiet about India's undemocratic practices. Now more than ever, it needs Delhi as a counterbalance to China and Russia. https://trib.al/5ToPbMT
AI predictions: Artificial intelligence will be dangerous in the hands of unscrupulous people, according to Microsoft Chief Economist Michael Schwarz. https://trib.al/ivZ6I33
China worries deepen: The Biden administration has made the call to stay quiet about India's undemocratic practices. Now more than ever, it needs Delhi as a counterbalance to China and Russia. https://trib.al/5ToPbMT
AI predictions: Artificial intelligence will be dangerous in the hands of unscrupulous people, according to Microsoft Chief Economist Michael Schwarz. https://trib.al/ivZ6I33
Bloomberg.com
Times Group Owners Seek Financing as Firm’s Partition Looms, Sources Say
Samir Jain and Vineet Jain, who together control one of the largest media conglomerates in India, have initiated talks with financiers to fund a partition of the Times Group, according to people familiar with the matter.
Talent war: There's an insatiable need for AI talent in India that's outstripping supply. The result could be double the compensation, or even a BMW motorcycle as a sign-on bonus. https://bloom.bg/429VO4Q
Engine woes: Faults with engines supplied by Pratt & Whitney to Go Airlines forced the budget carrier to keep its Airbus SE jets on the ground for 17,244 days in the past three years, court filings show. https://bloom.bg/3Lu6Pqp
Bright signs: Travel in China surged over the Labor Day holidays as consumers emerged from three years of pandemic restrictions and Covid waves, boosting the economy’s recovery. https://bloom.bg/3paYGQ0
Engine woes: Faults with engines supplied by Pratt & Whitney to Go Airlines forced the budget carrier to keep its Airbus SE jets on the ground for 17,244 days in the past three years, court filings show. https://bloom.bg/3Lu6Pqp
Bright signs: Travel in China surged over the Labor Day holidays as consumers emerged from three years of pandemic restrictions and Covid waves, boosting the economy’s recovery. https://bloom.bg/3paYGQ0
Potential initial public offering: Alibaba's international online shopping business unit, which includes Lazada and AliExpress, is exploring a US IPO. https://trib.al/qNOsS90
AI chips: Microsoft is working with Advanced Micro Devices on the chipmaker’s expansion into artificial intelligence processors. https://trib.al/AhbqnfJ
World's top currency: Leaders in Beijing are cutting deals to boost the yuan as an alternative pole for international finance, trade and lending. https://trib.al/9ugsqjj
AI chips: Microsoft is working with Advanced Micro Devices on the chipmaker’s expansion into artificial intelligence processors. https://trib.al/AhbqnfJ
World's top currency: Leaders in Beijing are cutting deals to boost the yuan as an alternative pole for international finance, trade and lending. https://trib.al/9ugsqjj
Kashmir issue: Pakistan says it will not have bilateral relations with India until New Delhi reviews PM Narendra Modi's decision four years ago to revoke Kashmir's autonomy. https://bloom.bg/44DR8Wj
Signs of light: Go Airlines, which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven days if the bankruptcy court restrains lessors from taking back its aircraft. https://bloom.bg/3HScxRR
Changing trade landscape: World trade data is beginning to show early signs of "Reglobalization," with Vietnam, Mexico, and India among the gainers at China's expense. https://bloom.bg/3nwrTVr
Signs of light: Go Airlines, which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven days if the bankruptcy court restrains lessors from taking back its aircraft. https://bloom.bg/3HScxRR
Changing trade landscape: World trade data is beginning to show early signs of "Reglobalization," with Vietnam, Mexico, and India among the gainers at China's expense. https://bloom.bg/3nwrTVr
Soaring rents: Singapore’s hot housing market is hitting young singles hard — and becoming a political problem https://trib.al/FEojSxm
Thwarting AI plagiarism: A 22-year-old Princeton University student developed an app called GPTZero to deter the misuse of the ChatGPT in classrooms. Now he aims to "save journalism." https://trib.al/mFV7qaP
Ready for take off: As growth in the US and China stalls, Apple has a new pitch for investors: Emerging markets like India are our next frontier. https://trib.al/wJJbLs0
Thwarting AI plagiarism: A 22-year-old Princeton University student developed an app called GPTZero to deter the misuse of the ChatGPT in classrooms. Now he aims to "save journalism." https://trib.al/mFV7qaP
Ready for take off: As growth in the US and China stalls, Apple has a new pitch for investors: Emerging markets like India are our next frontier. https://trib.al/wJJbLs0
Trade deal: India and Canada are getting closer to signing an early-state trade agreement, a move that's part of a larger Canadian strategy to diversify supply chains away from China. https://bloom.bg/42w943g
More trouble: Beleaguered Go Airlines has been asked to stop selling tickets after it filed for insolvency amid what it called repeated failures of Pratt and Whitney aircraft engines. https://bloom.bg/42fLV5x
Anti-spy crackdown: China has launched a nationwide anti-spy crackdown on consulting firms, state media says, as Beijing moves to tighten foreign access to sensitive information. https://bloom.bg/3HRi8YI
More trouble: Beleaguered Go Airlines has been asked to stop selling tickets after it filed for insolvency amid what it called repeated failures of Pratt and Whitney aircraft engines. https://bloom.bg/42fLV5x
Anti-spy crackdown: China has launched a nationwide anti-spy crackdown on consulting firms, state media says, as Beijing moves to tighten foreign access to sensitive information. https://bloom.bg/3HRi8YI
Would you like AI with that?: Wendy’s will begin testing an artificial intelligence-powered chatbot next month that will talk to customers and take drive-thru orders, becoming the latest fast-food chain to employ the technology. https://trib.al/bj1odGo
Potential exit: Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year. https://trib.al/RyA4m2m
Explainer: Former Pakistan premier Imran Khan’s bid for snap elections is fueling political and legal turmoil in the cash-strapped nation. https://trib.al/J24MXFc
Potential exit: Italy has signaled to the US that it intends to pull out of a controversial investment pact with China before the end of the year. https://trib.al/RyA4m2m
Explainer: Former Pakistan premier Imran Khan’s bid for snap elections is fueling political and legal turmoil in the cash-strapped nation. https://trib.al/J24MXFc
Karnataka election is a close contest for the BJP and Congress
Local polls are set to open Wednesday morning in one of India’s wealthiest states, a key test for Modi’s popularity among swing voters — and his resilience ahead of national elections next year.
Recent opinion polls indicate the possibility of a hung assembly, though most suggest the main opposition Indian National Congress has an edge. If Congress wins Karnataka, it would mark the party’s second time ousting the BJP in a decade. The results are expected May 13 and it is likely to show a close race. Catch up with the details here: http://bloom.bg/3LIAPyU
Local polls are set to open Wednesday morning in one of India’s wealthiest states, a key test for Modi’s popularity among swing voters — and his resilience ahead of national elections next year.
Recent opinion polls indicate the possibility of a hung assembly, though most suggest the main opposition Indian National Congress has an edge. If Congress wins Karnataka, it would mark the party’s second time ousting the BJP in a decade. The results are expected May 13 and it is likely to show a close race. Catch up with the details here: http://bloom.bg/3LIAPyU