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Vodafone Idea Ltd’s board approved raising another ₹20,000 crore through a further public offering (FPO), private placement, or other permissible mode to stay afloat, it said in an exchange filing on 30 May after reporting losses for another quarter amid never-ending financial troubles. India’s third-largest telecom operator said it was confident of gaining government…
The board of the Reserve Bank of India met Thursday and considered a change to the central bank’s capital structure, a move that could potentially affect how much cash it transfers to the government every year. Governor Sanjay Malhotra chaired a meeting of the board, which “reviewed the economic capital framework” of the RBI, the…
Big Tech firm, Meta Platforms Inc., is allegedly offering jobs to former national security and Pentagon officials to help in selling virtual reality and artificial intelligence (AI) services, reported the news portal Forbes, citing government officials in the know who were aware of the company’s recruiting efforts. Meta recently launched its Llama AI model for…
US CDS spreads rise on debt ceiling worries, policy uncertainty Size of the market, trading volumes have increased recently X-date seen at end of August, early September, Barclays says NEW YORK, May 9 (Reuters) – The cost of insuring exposure to U.S. government debt has climbed noticeably over the past month and remains stubbornly high,…