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Deloitte flags Adani Port transactions citing 'insufficient disclosures'

It's the first time that a top auditor has issued a qualified opinion on part of the empire's books citing allegations from the US short seller report that has wiped more than $100 bn off the group

A $2.5 bn debt bill shows risks ahead for Anil Agarwal's Vedanta Resources

Vedanta's dollar note maturing Wednesday is trading at 99.4 cents to the dollar, indicating confidence in the market that it will be repaid

Nvidia's market valuation touches $1 trn mark after beating rivals to AI

Nvidia was up 3% to $401.11 as of the close in New York, putting its market capitalization at $990.7 billion

Economists predict first rate cut by RBI in 2024 for durable growth

Policy makers from the RBI will meet June 6-8 to deliberate and economists are expecting another hold in rates as the central bank focuses on growth while inflation shows signs of moderating

Elon Musk begins second day of China visit after emphasizing ties

Tesla wants to pursue a deal similar to one that Ford Motor Co. announced in February with CATL to construct a plant wholly owned by the US automaker

Vedanta-Foxconn chip venture application for India funding to be rejected

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Twitter now worth just 33% of Elon Musk's purchase price, says Fidelity

Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity

Issa brothers to merge Asda with petrol station biz in $2.8-billion deal

The billionaire Issa brothers, Mohsin and Zuber, announced the merger Tuesday

Xi's charm offensive turns to space as 'divine craft' launches: Report

The country plans to send Chinese astronauts to the moon by 2030, China Manned Space Agency official Lin Xiqiang said at a briefing on Monday

Can Adani convince investors to back his capital-hungry businesses?

The utility company earlier this month announced plans to raise as much as $1 billion - one of two Adani companies looking to issue new shares for the first time since the short seller crisis

Explained: Why spending cuts may not shake the economy of United States

The deal averted default, but it hindered what was already a slow recovery from the Great Recession

Ambani-backed EV maker aims to raise $85 mn, seeks $359 mn valuation

The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around $350 million in the new round, said one of the people

Smartwatch maker Noise seeks to raise $40-50 mn to expand in growing market

Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India

Indian stocks reclaim spot in world's top 5 markets as Adani scrips rebound

India reclaimed its spot as the world's fifth largest stock market after losing that status to France in January, aided by a revival in Adani Group stocks

The frantic push to solve sovereign debt crises irks Wall Street

In New York, a cohort of debt-relief activists and US state politicians are pushing for a more-permanent solution: a law that would overhaul the process of restructuring sovereign debt

White House, Republicans reach deal to raise debt ceiling, avert US default

The deal includes a two-year debt limit increase and a two-year appropriations agreement that keeps non-defense spending roughly flat with current levels

US Navy hit by Chinese state-sponsored hacking campaign: Official

The US Navy didn't respond for comment. China denied the hacking accusations

Elon Musk's Neuralink says it has US FDA approval for human trials

Neuralink isn't the first brain-computer interface company to enter human trials, and the field has become competitive since the company's founding

Bad time for television? Writers on strike and popular shows to end

The companies have been raising their prices and, in the case of Netflix, trying to get customers who share their accounts with others to pay $8 more a month.

Emerging US debt deal would raise limit, cap spending for two years

Under the terms of the emerging agreement, defense spending would be permitted to rise 3% next year in line with President Joe Biden's budget request