Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

Indian Adani begins record sell-off in shares as short seller triggers bn rout

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

Indian police arrest students gathered to watch BBC documentary on Modi

Indian police arrest students gathered to watch BBC documentary on Modi

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

Microsoft cloud outage hits users around the world

Microsoft cloud outage hits users around the world

Outage affects Microsoft Azure cloud platform for hours Several Microsoft services, including Teams and Outlook hit Microsoft says most customers now have service restored Shares down 3.2% Jan 25 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it had recovered all of its cloud services after a network outage took down its Azure cloud platform … Read more

Hindenburg says it holds short positions on Adani in India

Hindenburg says it holds short positions on Adani in India

BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it held short positions in Adani Group companies through U.S.-traded bonds and derivatives not traded in India, sending shares of the companies tumbling. of the Indian conglomerate. The short seller said seven Adani-listed companies are down 85% on a fundamental basis due to skyrocketing valuations … Read more

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

China proposes Sri Lanka debt moratorium, IMF aid still uncertain

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

Indian university reports power outage ahead of screening of Modi documentary

Indian university reports power outage ahead of screening of Modi documentary

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

Exclusive: WHO investigates links between cough syrup deaths, considers advice for parents

Exclusive: WHO investigates links between cough syrup deaths, considers advice for parents

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

WHO calls for ‘immediate action’ after cough syrup deaths

WHO calls for ‘immediate action’ after cough syrup deaths

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

Oil prices hit 7-week high on stronger Chinese outlook

Oil prices hit 7-week high on stronger Chinese outlook

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

India blocks BBC documentary on Modi from airing in India

India blocks BBC documentary on Modi from airing in India

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