By Aditya Kalra NEW DELHI (Reuters) – Apple Inc has asked India’s antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows. The filing was made after …
By David Henry NEW YORK (Reuters) – The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases. The dollar index against major currencies rose 0.7%, recouping all of the value it had lost on Thursday following a …
Dollar jumps as Omicron spreads amid rate-hike talk Read More »
By David Randall and Tommy Wilkes NEW YORK (Reuters) -Global stock benchmarks and oil prices fell on Friday while safe havens such as the dollar and Treasury bonds rose as investors wrestled with rising numbers of Omicron cases and a hawkish turn from major central banks in the fight against inflation. Asian shares closed near …
Stocks slide as Omicron worries bolster safe havens Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust agency suspended Amazon.com’s 2019 deal with Future Group on Friday, potentially denting the U.S. e-commerce giant’s attempts to block the sale of Future’s retail assets to an Indian market leader. The regulator ruled that the U.S. company had suppressed information while seeking regulatory approval on an …
BENGALURU (Reuters) -Indian shares posted broad-based declines on Friday, pressured by foreign fund outflows, and as global central banks took a hawkish stance and warned of surging inflation. The NSE Nifty 50 index fell 1.53% to 16,985.20 and the benchmark S&P BSE Sensex dropped 1.54% to 57,011.74. Both the indexes shed nearly 3% this week …
Indian shares fall on inflation worries, hawkish cenbanks Read More »
By Nupur Anand and Sankalp Phartiyal MUMBAI (Reuters) – The Reserve Bank of India’s plans to move towards card tokenisation is likely to hit a wide range of companies from major e-commerce firms and food delivery firms to lenders, while increasing the use of cash, said industry sources and bankers. RBI issued guidelines in March …
SHANGHAI (Reuters) – Rising consumption in China, India and the United States could bring global coal-fired power demand to a new all-time high this year, undermining efforts to cut greenhouse gas emissions, the International Energy Agency (IEA) said on Friday. The IEA said global power generation from coal was expected to reach 10,350 terawatt-hours in …
World coal power demand to hit new high after China, India, U.S. surge – IEA Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian shares ended slightly higher on Thursday, helped by gains in information technology stocks, even as global markets rallied on the back of optimism induced by the U.S. Federal Reserve. The NSE Nifty 50 index ended up 0.16% at 17,248.40, while the benchmark S&P BSE Sensex rose 0.2% to …
Indian shares end four-day losing streak on IT boost Read More »
By Chandini Monnappa BENGALURU (Reuters) -Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Byju’s, which offers online education and caters to all age groups, has benefited by …
India’s Byju’s in talks to go public via SPAC deal at $48 billion valuation – source Read More »
BENGALURU (Reuters) – Indian ride-hailing company Ola said on Thursday it had raised $500 milllion loan from international institutional investors, as the SoftBank Group backed start-up preps to make its stock market debut next year. Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise …
Indian ride hailing firm Ola raises $500 million loan Read More »
