By Munsif Vengattil
BENGALURU, Oct 11 (Reuters) - Elon Musk said he would price Starlink's satellite internet service affordably in India to take on Mukesh Ambani's low-cost Reliance Jio, escalating his attacks on the rival billionaire days before Jio's parent launches India's largest-ever IPO.
Jio Platforms, which owns the telecom arm, is targeting a valuation of $106 billion in the offering. Much like SpaceX-owned Starlink, Jio's own... (continue reading...)
By Andrea Shalal
BANGKOK, Oct 11 (Reuters) - The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and price increases triggered by the war in the Middle East, its president, Ajay Banga, told Reuters in an interview.
Banga said the global economy had proven fairly resilient, in part due to big AI investments and adjustments in supply and demand for oil, which meant that few... (continue reading...)
NEW DELHI, Oct 11 (Reuters) - New Delhi braced for a second day of youth protests demanding the resignation of India's election chief on Sunday, as a court ordered the release of "cockroach" movement founder Abhijeet Dipke and two other senior leaders.
Dipke, the founder of the Cockroach Janta Party, and the other leaders were detained when their plane landed in Delhi on Saturday as the movement planned to gather thousands of people at Jantar Mantar... (continue reading...)
NEW DELHI, Oct 11 (Reuters) - India's "cockroach" protest movement leader Abhijeet Dipke was released from detention with two other senior leaders on Sunday, a lawyer for Dipke said in a post on X.
(Reporting by Shilpa Jamkhandikar; Editing by William Mallard)
By Andrea Shalal
BANGKOK, Oct 11 (Reuters) - Finance officials from around the world will gather in Thailand this week under the shadow of a widening war in the Middle East, the biggest energy supply shock ever and rising interest rates that together pose daunting risks to already-sluggish global economic growth.
The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused, will dominate the... (continue reading...)
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