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Modi’s party to share power in India’s richest state

Bloomberg Prime Minister Narendra Modi’s Bharatiya Janata Party will share power to govern India’s richest state of Maharashtra, a senior party member said, a day after the chief minister resigned following a rebellion by lawmakers of his own party. More than half the legislators of Uddhav Thackeray’s right-wing Shiv Sena have exited his ruling coalition claiming he has deviated from ...

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Russian hackers target Norway in latest volley of cyber attacks

  Bloomberg Russian hacker group Killnet targeted a string of Norwegian public service websites in the latest digital salvo against Nato member countries. Norway’s National Security Authority has been assisting a series of organizations in dealing with targeted cyber attacks from an alleged pro-Russian group, Director General Sofie Nystrom said. Some websites experienced instability or disruption, but there are currently ...

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RBI battles against rupee fall with multi-pronged strategy

  Bloomberg The Reserve Bank of India (RBI) is fighting on several fronts to slow the rupee’s decline to fresh records, with little respite in sight. The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency. Strategists say that the pressure will continue amid shrinking interest rate ...

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