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Turmoil in Adani's empire prompts Nomura, SMFG to disclose fund exposures

Nomura Holdings Inc.'s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies.

EBay to cut 4% of its workforce amid low consumer demand worldwide

The reductions are in response to the "macroeconomic situation around the world," Chief Executive Officer Jamie Iannone said Tuesday in a statement

Distressed funds including Oaktree Capital scoop up Adani Group bonds

Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose

Adani Ports considering to repay $605 mn of loans to calm investors

India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

PM Narendra Modi should focus on people, not only on big projects

What must be even more confounding is how Indian leaders appear able to get away with budget math other politicians cannot, whether economically or politically

Battered by plunging PC sales, Dell to cut nearly 6,650 jobs globally

The company is experiencing market conditions that "continue to erode with an uncertain future," Co-Chief Operating Officer Jeff Clarke wrote in a memo

Will ChatGPT replace you? Sales guys think so, economists don't

Finance sector employees also don't see their jobs being at risk: MLIV Pulse survey

Govt planning to oppose Hindustan Zinc's proposal to buy Vedanta assets

The plan was pushed through even after government officials refused to approve it, they said, adding the government is trying to nudge Hindustan Zinc to withdraw the proposal

Adani Enterprises' stock price has 40% more downside: NYU professor

The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two years, the professor wrote

US moves to recover Chinese balloon as pressure mounts on President Biden

The balloon, said to be the size of at least two school buses, and its sensors are lying in 50 feet (15 meters) of water and scattered over a seven-mile (11-kilometer) area off Myrtle Beach

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

Gautam Adani's crisis points to the big risk in India's net zero plan

Led by Adani's $70 billion pledged investment in green energy infrastructure, India's tycoons have so far committed to spend far more than the government on the energy transition

US fighter jet shoots down China's suspected spy balloon: Report

Spy balloon, along with another observed transiting Central and South America, had surveillance equipment not usually associated with standard meteorological activities, senior US official said

Oil's new map: How India turns Russian crude into fuel for the West

The Asian nation's importance is expected to expand after fresh European Union sanctions on Russian petroleum exports take effect Sunday

From China to big sky: The balloon that unnerved the White House

The biggest question was how would China respond to all the furore that was unfolding at a rapid pace as Asia was asleep

Adani shelves $122 mn bond plan after Hindenburg report cause market rout

Adani Enterprises Ltd. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout

Indian crypto exchange WazirX moves funds after Binance cuts off service

Binance said it provided Zanmai wallet services "only as a tech solution for their operations of the WazirX exchange"

Inside the 19-hour meltdown that scuttled Adani Group's $2.5 bn share sale

Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were staring at some embarrassing mark-to-market

Adani exposure 2.4%, followed Indian laws, says France's Total Energies

The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks