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Ambani’s Jio adds Intel backing with stake sale

Bloomberg The technology venture of billionaire Mukesh Ambani secured 18.95 billion rupees ($253 million) from Intel Capital, adding to a slew of investments since April that have reached more than $15 billion. The investment arm of computer chip giant Intel Corp agreed to buy a 0.39% stake in Jio Platforms Ltd, giving the business an equity value of $65 billion, ...

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India’s first Covid vaccine races to meet mid-August target

Bloomberg India has set an ambitious timeline for its first potential coronavirus vaccine — from human trials to general use in six weeks. Bharat Biotech International Ltd, an unlisted Indian vaccine maker, received regulatory approval to start human clinical trials for its experimental shot earlier this week and it already has India’s apex medical research body expediting the process. The ...

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Trump marks July 4 with pledge to defeat ‘radical left’

Bloomberg President Donald Trump marked Independence Day by promising to defeat the “radical left” and boasting of his handling of the coronavirus, even as cases spike in the US. Trump, speaking from the South Lawn of the White House, reprised themes from a speech he delivered in South Dakota the day before, by lashing out at those protesting statues of ...

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