Indrajit Basu

Indrajit Basu


Star spurs casino bidding war with proposal to merge with Crown

Star spurs casino bidding war with proposal to merge with Crown

(ATF) Australian casino operator Star Entertainment Group proposed a merger on Monday May 10 with Crown Resorts – a move that intensified a multi-billion-dollar bidding war for its main rival, and attracted the attention of the country's competition watchdog.Star said that the proposed merger would create a $9.4-billion (A$12 billion) …

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China tensions, Brexit and RCEP pull-out spur closer India-EU ties

China tensions, Brexit, and RCEP pull-out spur closer India-EU cooperation

(ATF) After a hiatus of eight years, momentum may be picking up for closer ties between Europe's 27-nation bloc and the world's largest democracy in the face of the rising might of Beijing.The EU and India relaunched stalled free-trade talks at a virtual summit on Saturday, according to statement by …

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Telecoms frown as India clears 5G trials without Chinese gear

Telecoms frown as India clears 5G trials without Chinese gear

(ATF) India this week cleared its much-delayed 5G trials to go ahead by allowing its four top telecom operators to partner with non-Chinese equipment vendors. But although the move promises to bring 5G mobile connectivity to the country sooner than expectations, not everyone is happy about keeping the Chinese vendors …

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RBI rolls out virus response to stem growth contraction

RBI rolls out virus response to stem growth contraction

(ATF) In an unscheduled speech this morning, the Reserve Bank of India (RBI) governor Shaktikanta Das gave an updated assessment of the current economic situation amid the ferocious second Covid wave, introducing a fresh set of measures to deal with the resurgence.The measures were “the first part of a calibrated …

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Complacency and mismanagement spiralling India’s Covid crisis

Complacency and mismanagement spiralling India’s Covid crisis

(ATF) A little over three months back it seemed India was “in the endgame” in the battle against Covid, when Health Minister Harsh Vardhan in late January said "India has successfully contained the pandemic."Two days before that declaration – January 28 – India had reported a little over 9,300 new …

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India overwhelmed by Covid surge

India overwhelmed by Covid surge

(ATF) Overwhelmed by the raging Covid surge, India the largest vaccine maker, is facing a crisis as it scrambles to overcome shortages in medical supplies. # In a new daily high India reported over 386,000 Covid cases and close to 3,500 deaths over the last 24 hours (at the time …

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India’s second wave sparking fears of a global contagion

India’s second wave sparking fears of a global contagion

(ATF) The escalating second wave of Covid infections in India that is showing no signs of slowing down is intensifying the downside risks to gross domestic product (GDP) – and posing a significant contagion risk to other countries and regions as well, experts say."In addition to the substantial loss of …

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