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  1. Business News
  2. Authors
  3. bloomberg

Bloomberg

BAT axes 9,000 jobs as smoke-free pivot accelerates

The company that resisted ITC’s diversification is now reinventing itself for a post-cigarette future.

By Bloomberg
June 29, 2026 20:19 IST
PepsiCo, Varun Beverages, quarter results, profit, revenue, EBITDA, sales, volume growth, beverages segment
PepsiCo close to $1.5 billion deal to buy soda brand Poppi: Report

PepsiCo is reportedly finalising a deal to acquire Poppi, a Texas-based soda brand, for over $1.5 billion. The official announcement…

By Bloomberg
March 15, 2025 18:14 IST
tesla
Tesla losing market in China to BYD — Home-grown EV maker sells 10 times more

BYD sold more than 318,000 fully electric and hybrid passenger vehicles last month, up 161% year-on-year.

By Bloomberg
March 10, 2025 16:59 IST
CME derivatives gained popularity because they offer a regulated venue for Bitcoin exposure
Bitcoin futures demand cools as spot ETF era concludes key arb trade

Open interest had been at a record over Bitcoin’s 157% surge last year in anticipation of the ETFs

By Bloomberg
January 31, 2024 18:50 IST
Vivendi said in the statement Tuesday that the proposal still needs signoff from lenders, employee groups and regulators
Vivendi is proposing to break up Bolloré’s media empire into four

The Paris-based conglomerate with a market value of about €10.6 billion ($11.5 billion) first signaled a potential breakup last month

By Bloomberg
January 31, 2024 18:20 IST
Reportedly, speculative traders are also piling onto platforms such as Pendle Finance
Crypto’s billion-dollar ‘restaking’ bet comes with some layered risks

DeFi has been the frontier of crypto since developers sought to create a marketplace without banks

By Bloomberg
January 31, 2024 14:20 IST
budget 2024, interim budget, budget expectations, finance minister, Nirmala Sitharaman, AI industry, skill development, data protection, Governance regulations
Blockchains may counterbalance AI, Andreessen’s Dixon says

Dixon said that the firm continues to “consistently deploy capital” in the digital asset industry through token and equity investments

By Bloomberg
January 31, 2024 11:40 IST
NTPC, coal, green pledge, energy security, climate goals, green energy projects, fossil fuels
NTPC still needs more coal despite green pledge

NTPC and its units will issue orders for 16.8 gigawatts of new coal plants over the next three years, Finance…

By Bloomberg
January 31, 2024 10:59 IST
Oil refinery
India looks to expand oil refining capacity, even as US and Europe see a decline

India’s refining capacity is projected to increase by 56 million tons by 2028, Junior Oil Minister Rameswar Teli said last…

By Bloomberg
January 31, 2024 09:53 IST
Pfizer beats as Paxlovid returns impact milder than feared
Pfizer beats as Paxlovid returns impact milder than feared

Once celebrated for lifting sales above $100 billion with life-saving Covid-19 products, the drugmaker now faces Wall Street scrutiny for…

By Bloomberg
January 30, 2024 18:27 IST
Reportedly, GBTC saw $255 million in outflows Friday
Global crypto assets report $500 million in weekly outflows

Grayscale Investments’ spot Bitcoin exchange-traded fund led the outflows with $2.2 billion last week

By Bloomberg
January 30, 2024 15:00 IST
Saudi Aramco, oil output capacity, oil production, oil demand, OPEC+, oil consumption, natural gas, renewables
Saudi Aramco ordered to halt project to boost oil output capacity

The surprise move comes just months after the world’s biggest oil producer had said it was spending billions of dollars…

By Bloomberg
January 30, 2024 12:23 IST
Investors are also awaiting the Federal Reserve interest-rate decision this week
Bitcoin heads toward winning streak last seen in pandemic before record high

A run of five straight monthly gains would be the longest since a six-month stretch spanning October 2020 to March…

By Bloomberg
January 30, 2024 12:15 IST
Toyota
Toyota retains world’s largest carmaker for 4th year in a row, BYD largest EV maker

Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, rose 7.2% from the previous year to a record 11.2…

By Bloomberg
January 30, 2024 10:07 IST
fiscal deficit, trade deficit
China’s glut, India’s drought. Two faces of liquidity

While the Chinese authorities’ struggle to stimulate the economy with 3 trillion yuan ($418 billion ) in long-term cash injections…

By Bloomberg
January 30, 2024 09:51 IST
Yet while Wall Street is bullish on Netflix, it doesn’t see much upside for shares
Netflix has best week since 2022 on subscriber jump

In the final quarter of 2023, a jump in subscribers further solidified that Netflix’s recent price hikes, password crackdown and…

By Bloomberg
January 29, 2024 18:15 IST
Amazon expects Prime Video ads to reach 115 million US viewers each month
Amazon’s video ad push aims to turn TVs into shopping carts

Prime subscribers will see commercials in movies and TV shows unless they choose to pay an extra $3 a month…

By Bloomberg
January 29, 2024 17:40 IST
Customer claims worth more than one million dollars traded at around 73 cents on the dollar as of Friday
FTX is unloading crypto to raise cash and pay back customers

An uptick in FTX’s cash stockpile has coincided with the rising value of customer accounts

By Bloomberg
January 29, 2024 14:35 IST
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Latest News

Applications invited for car import quota under India-UK FTA

A retiree with no credit history can still qualify for an emergency loan.

Need an emergency loan after retirement? Here’s what happens if you don’t have a CIBIL history

Core sectors grow at 5-month high of 5% in June

Kharif sowing gap narrows to 6% from 16% in a week

Rupee falls to two-month low as oil prices weighed

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