MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more
NEW DELHI, Jan 25 (Reuters) – Students were detained by Delhi police on Wednesday as they gathered to watch a recent BBC documentary about Prime Minister Narendra Modi that India has branded as propaganda and blocked its distribution and sharing on social networks. It follows similar disruptions, some of which turned violent, at gatherings this … Read more
BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it holds short positions in Indian group Adani, accusing the conglomerate of extensive and abusive use of entities based in offshore tax havens and raising concerns about the level high debt. The report, which comes days before a $2.5 billion share offering by flagship Adani … Read more
China offers debt service relief in 2022, 2023 Sri Lankan sources unsure if China’s letter will be enough for IMF Broad IMF-China deal on Zambia could provide clues NEW DELHI/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year debt moratorium and said it would support the country’s efforts … Read more
NEW DELHI, Jan 24 (Reuters) – A major Indian university cut power and internet access on campus on Tuesday ahead of its students’ union screening of a BBC documentary on Prime Minister Narendra Modi which India called propaganda, the NDTV television channel reported. . Jawaharlal Nehru University (JNU) in the capital New Delhi had threatened … Read more
Jan 24 (Reuters) – The World Health Organization (WHO) is investigating whether there is a link between manufacturers whose tainted cough syrups are linked to the deaths of more than 300 children in three countries, said to Reuters a person familiar with the matter. Citing ‘unacceptable levels’ of toxins in products, the WHO is seeking … Read more
LONDON, Jan 23 (Reuters) – The World Health Organization has called for “immediate and concerted action” to protect children from tainted medicines after a spate of child deaths linked to cough syrups last year . In 2022, more than 300 children – mostly under the age of 5 – in The Gambia, Indonesia and Uzbekistan … Read more
Brent and US crude at highest since early December The G7 wants two price caps for Russian petroleum products Indian crude imports hit 5-month high in December NEW YORK, Jan 23 (Reuters) – Oil prices rose around 1% on Monday to a seven-week high, extending last week’s gains amid a stronger outlook thanks to an … Read more
MUMBAI, Jan 22 (Reuters) – India has blocked the airing of a BBC documentary that questioned Prime Minister Narendra Modi’s leadership during the 2002 Gujarat riots, saying even sharing clips via social media was banned. Instructions to prevent the clips from being shared have been issued using the emergency powers the government has under the … Read more
Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion after being knocked down by a rout of the market with FTX exchange and lender BlockFi. Genesis Global Capital, a leading crypto lender, froze client redemptions on … Read more
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