India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

India’s Adani Begins Record Share Selling as Short Seller Causes  Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

Rebellious Indian students hold more screenings of BBC documentary about Modi

Rebellious Indian students hold more screenings of BBC documentary about Modi

NEW DELHI, Jan. 25 (Reuters) – Indian students said they would again show a BBC documentary on Prime Minister Narendra Modi that the government has dismissed as propaganda after a campus screening was disrupted by a power cut and harassment by opponents on Tuesday. The Students’ Federation of India (SFI) plans to screen the documentary … Read more

Hindenburg says he has short positions in India’s Adani

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed companies … Read more

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers debt service relief in 2022, 2023 Sri Lankan sources are unclear whether a Chinese letter will be enough for the IMF Broad agreement between IMF and China on Zambia could provide clues NEW DELHI/COLOMBO, Jan. 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt, … Read more

Indian university reports power outage ahead of Modi documentary screening

Indian university reports power outage ahead of Modi documentary screening

NEW DELHI, Jan. 24 (Reuters) – A top Indian university shut down power and internet on its campus on Tuesday for the student union to show a BBC documentary about Prime Minister Narendra Modi that India has dismissed as propaganda, broadcaster NDTV reported. . Jawaharlal Nehru University (JNU) in the capital New Delhi had threatened … Read more

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

Exclusive: WHO investigates link 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 of contaminated cough syrups it has linked to the deaths of more than 300 children in three countries, a person familiar with the matter told Reuters. Citing “unacceptable levels” of toxins in the products, WHO is seeking … Read more

WHO urges ‘immediate action’ after cough syrup deaths

WHO urges ‘immediate action’ after cough syrup deaths

LONDON, Jan. 23 (Reuters) – The World Health Organization has called for “immediate and coordinated action” to protect children from contaminated medicines following a spate of child deaths from cough syrups last year. In 2022, more than 300 children – mainly under age 5 – in The Gambia, Indonesia and Uzbekistan died from acute kidney … Read more

Oil settles mixed after reaching a 7-week high on a strong outlook for China

Oil settles mixed after reaching a 7-week high on a strong outlook for China

Brent, US crude reached its highest level since early December G7 aims for two price caps for Russian oil products India’s crude oil imports hit a five-month high in December NEW YORK, Jan. 23 (Reuters) – Oil prices entered mixed on Monday and retreated as investors monetized a jump to a seven-week high on optimism … Read more

India blocks broadcast of BBC documentary on Modi in India

India blocks broadcast of BBC documentary on Modi in India

MUMBAI, January 22 (Reuters) – India has blocked the broadcast of a BBC documentary questioning Prime Minister Narendra Modi’s leadership during the 2002 Gujarat riots. Directions to prevent the clips from being shared were issued using emergency powers available to the government under the country’s information technology rules, Kanchan Gupta, a government adviser, said on … Read more