By Tom Hals WILMINGTON, Del. (Reuters) – Twitter Inc on Monday accused Elon Musk of trying to “slow walk” the company’s lawsuit to hold him to his $44 billion takeover and urged a September trial to ensure deal financing remains in place, according to a court filing. “Millions of Twitter shares trade daily under a …
Twitter claims Musk is ‘slow-walking’ trial over $44 billion deal Read More »
By M. Sriram MUMBAI (Reuters) – Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year’s $5.1 billion, two people with direct knowledge of deal talks told Reuters. Signalling growing stress in India’s startup …
Exclusive-India’s PharmEasy plans $200 million fund raising at lower valuation -sources Read More »
By Sarah Wu, Jane Lanhee Lee and Kevin Krolicki TAIPEI/SHANGHAI/SINGAPORE (Reuters) – From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 microcontrollers, chips that help control a …
How China became ground zero for the auto chip shortage Read More »
By Nidhi Verma NEW DELHI (Reuters) -Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions. Russia has been hit by a slew of sanctions …
Russia seeking oil payments from India in dirhams – sources, document Read More »
BENGALURU (Reuters) – Morgan Stanley cut its forecast for India’s annual growth to 7.2% for this year, as tighter financial conditions and a slowdown in global trade have pressured major economies around the world. The brokerage’s forecast, down from its previous projection of 7.6%, comes after India’s economic growth slowed to the lowest in a …
Morgan Stanley trims India’s GDP forecast to 7.2% Read More »
By Ashitha Shivaprasad (Reuters) – Gold recovered some ground on Monday, lifted by a retreat in the dollar as the market toned down the chances of a 100-basis-point rate hike by the U.S. Federal Reserve next week. Spot gold was up 0.2% at $1,709.87 per ounce by 1:58 p.m. ET (1758 GMT), after rising 1% …
Gold gets reprieve on dollar dip, toned-down rate hike bets Read More »
NEW DELHI (Reuters) – Softbank Group-backed Ola Electric will invest $500 million to set up a battery innovation centre in the southern Indian city of Bengaluru, it said in a statement. The facility will house advanced labs and high-tech equipment for battery innovation, and is part of India’s push towards becoming a global electric vehicle …
India’s Ola Electric to set up $500 million battery research centre Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares rose more than 1% to hit their highest in over a month as investors scooped up beaten-down technology and metal stocks, while the rupee plumbed new lows against the dollar earlier in the session. The NSE Nifty 50 index ended up 1.43% at 16,278.50, while the …
Tech, metal stocks lift Indian shares to highest in more than a month Read More »
FARNBOROUGH, England (Reuters) -India’s Jet Airways is near a deal to buy 50 A220 jets from Airbus, two people familiar with the matter said. The airline’s board was expected to meet on Monday to finalise the deal. “We are in an advanced stage of discussions with lessors and OEMs (manufacturers) for aircraft, and we will …
Jet Airways near deal to buy 50 Airbus A220 jets – sources Read More »
NEW DELHI (Reuters) – Indian traders and shopkeepers will hold a nationwide protest next week against a hike in taxes on a range of products and services, including food grains and household items, that went into effect on Monday, a top official of a leading traders’ group said. “The 5% tax on a range of …
Indian traders, shopkeepers plan nationwide protest against tax hikes Read More »
