November, 2019

• 5 November

  MSCI may axe debt-laden Indian firms from indexes

  Bloomberg India’s debt-burdened companies could get kicked out of MSCI Inc’s benchmark index later this week. Highly indebted companies including Vodafone Idea Ltd, Indiabulls Housing Finance Ltd and Glenmark Pharmaceuticals Ltd are likely to be removed from the MSCI India Index, according to brokers. Most of these companies have seen a sharp erosion in their market values in the wake ...

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• 5 November

  Tourists are avoiding Delhi as air pollution hits record high

  

  Bloomberg Business travellers and tourists are avoiding New Delhi, as air pollution in India’s capital reached record levels, travel agents said. Booking inquiries for hotels and flights to New Delhi have slumped since the Hindu festival of Diwali on October 27, said Sharat Dhall, chief operating officer of the business-to-consumer segment at Yatra Online Inc. Bursting of firecrackers as part ...

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• 5 November

  Tata Power, Rockefeller Foundation plan 10,000 microgrids across India

  Bloomberg Tata Power Co. Ltd., in collaboration with the Rockefeller Foundation, plans to develop 10,000 microgrids in India to boost access to affordable and reliable electricity to homes and enterprises across the nation’s vast rural areas. Tata Power will set up a new unit, TP Renewable Microgrid Ltd., to build the microgrids through 2026 that will serve nearly 5 million ...

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• 5 November

  Warburg Pincus dealmaker sees Brexit as ‘huge’ chance

  

  Bloomberg Brexit may have sown chaos in UK politics, but at least one private equity firm is enthusiastic about the potential it creates for deals. “We see Brexit as a huge opportunity for deals and are getting very excited about investments in the UK,” said Dan Zilberman, head of Europe at Warburg Pincus. “However, a deal bonanza is contingent on ...

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• 5 November

  Italy-ArcelorMittal standoff escalates

  

  Bloomberg A standoff between Italy and ArcelorMittal over the future of the European Union’s biggest steel mill escalated, after the country’s economic development minister lashed out at the company. “We won’t allow ArcelorMittal to blackmail the government by threatening over 5,000 job cuts,” economic development minister Stefano Patuanelli wrote in a Facebook post. “Commitments should be upheld.” ArcelorMittal started legal ...

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• 5 November

  Medopad raises $25m to detect disease using AI

  

  Bloomberg Medopad Ltd, a UK artificial intelligence startup teaming with China’s Tencent Holdings Ltd on new approaches to disease, raised $25 million for clinical studies of its health technology. Leaps by Bayer, an investment arm of Bayer AG, led the series B round, Medopad said in a statement. The London-based firm is focused on finding and using digital indicators of ...

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• 5 November

  YouTubers lobbying to fight child privacy law expansion

  

  Bloomberg Producers of prominent children’s YouTube channels will appeal to the FTC to change its recent settlement with the video service and will circulate a new petition online urging certain changes. In September, the FTC (Federal Trade Commission) fined YouTube and its parent, Alphabet Inc’s Google, $170 million for violating privacy laws by tracking children online. With the settlement, YouTube ...

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• 5 November

  California, US seek billions from PG&E

  

  Bloomberg State and federal agencies have filed dozens of wildfire-related claims against PG&E Corp., making California and Washington two of the biggest creditors in the utility’s bankruptcy case. The three biggest demands total more than $6 billion to compensate the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services. The claims, related to the North Bay and ...

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• 5 November

  Uber reports disappointing user growth, food delivery orders

  

  Bloomberg Uber Technologies Inc disappointed investors with quarterly results showing lackluster gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street. The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss forecast and pledged to turn a profit by 2021. Those weren’t enough to lift the stock, though. Shares ...

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• 5 November

  Losing time and money, Abbas calls for Palestinian elections

  

  Bloomberg Time is running out for 83-year-old Mahmoud Abbas. Foreign aid to the Palestinians has dropped nearly 80% over the past 10 years, the political outlook is bleak after a half-century of Israeli occupation and his people’s campaign for statehood risks sinking into irrelevance. To salvage his legacy, the Palestinian Authority (PA) president has called — again — for the ...

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