india

Asia’s Utility Stocks Have Never Had It So Good in Two Decades

Asia’s Utility Stocks Have Never Had It So Good in Two Decades

Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world. As concerns grow about a potential global economic slowdown and rising geopolitical tensions, utilities firms’ high dividend payouts and the defensive nature of their stocks are also being touted as tailwinds. Source link lol
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SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.’s shares are already up more than 80% while baby-products retailer Brainbees Solutions Ltd.’s have gained about 40%. Source link lol
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Mobile Networks Market Sees ‘Glimmer of Hope’ After Long Decline

Mobile Networks Market Sees ‘Glimmer of Hope’ After Long Decline

The years-long decline in demand for radio access networks that has battered sales at mobile equipment makers Ericsson AB and Nokia Oyj is showing signs of stabilization, according to a report from Dell’Oro Group Inc.Three of the six regions tracked by Dell’Oro showed signs of growth in the second quarter, compared to one region in the prior period, said the Redwood City, California-based telecom research company, whose reports are widely watched by the industry. Source link lol
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Musk’s Free Speech Mantra Collides With Crackdowns on Hate Speech and Disinformation

Musk’s Free Speech Mantra Collides With Crackdowns on Hate Speech and Disinformation

Elon Musk’s absolutist version of free speech has thrown the world’s richest man and his X social-media platform into the crosshairs of governments worldwide.In the UK, officials are weighing tougher rules for sites like X after a surge of online disinformation fueled an outbreak of riots. In India, X was ordered this year to remove posts and block certain accounts in response to farmer protests. And in Brazil, Musk is in a running battle with the nation’s highest court over its orders to suspend users who had circulated fake news. Source link lol
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Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Troubled education-technology startup Byju’s is back facing a potential insolvency after India’s top court ordered a stay on a ruling that allowed it to avert bankruptcy. Source link lol
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India Watchdog to Withdraw Report Accusing Apple of Market Abuse

India Watchdog to Withdraw Report Accusing Apple of Market Abuse

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.India’s antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company. Source link lol
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India’s Bharti Agrees to Buy 24.5% of Carrier BT From Altice

India’s Bharti Agrees to Buy 24.5% of Carrier BT From Altice

Bharti Global has agreed to buy about 24.5% of BT Group Plc, a deal to invest in a $17 billion British carrier that will accelerate an expansion overseas.Bharti, an affiliate of Indian conglomerate Bharti Enterprises, is buying stock from shareholder Altice UK, it said in a statement. The Indian firm said it has no intention of offering to buy out the rest of BT. Source link lol
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The Fake Indian Cricket League Created for Real Online Betting

The Fake Indian Cricket League Created for Real Online Betting

The sun was still rising one peaceful morning in late June 2022 when Constable Abdulgfar Saiyedali received an unusual telephone call from a friend. He was at police headquarters in Mehsana, a city of about 215,000 in the western Indian state of Gujarat, where he works as an officer in the Special Operations Group, a national unit that mainly covers narcotics, weapons and counterterrorism.The friend had a tip for Saiyedali. A perplexing cricket tournament was taking place in Molipur, a farming village about 30 miles away that’s populated largely by Sunni Muslims. The matches looked rudimentary, played by local amateurs…
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