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Mobikwik seeks to raise $100 million in equity after deferring planned IPO
One Mobikwik Systems Ltd. is in talks with investors to raise as much as $100 million in equity to finance business expansion
 "Mobikwik seeks to raise $100 million in equity after deferring planned IPO")
Hong Kong tops the list of World's 20 most expensive cities for expats
Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International
 "Hong Kong tops the list of World's 20 most expensive cities for expats")
Better whistle-blower suit accuses CEO Vishal Garg of misleading investors
CEO Vishal Garg misled investors in his effort to keep them on board with his plans to take the company public, an ex-executive said in a complaint filed Tuesday in Manhattan federal court
 "Better whistle-blower suit accuses CEO Vishal Garg of misleading investors")
The Lankan crisis: Forex reserves rise for first time in five months
The stockpile rose to $1.92 billion at the end of May, from $1.81 billion the previous month, according to data released by the central bank
 "The Lankan crisis: Forex reserves rise for first time in five months")
Oil shock devastates poorer nations as shortages, protests mount
Higher fuel bills are exacerbating inflation in countries that are already struggling with soaring food prices
 "Oil shock devastates poorer nations as shortages, protests mount")
In setback for Apple, EU agrees on common charging port deal
Phones and tablet makers will have to comply with new rules by September 2024
 "In setback for Apple, EU agrees on common charging port deal")
Gautam Adani faces off against Kumar Mangalam Birla over cement in India
Kumar Mangalam Birla comes from old money, unlike Adani, a first-generation entrepreneur
 "Gautam Adani faces off against Kumar Mangalam Birla over cement in India")
Bain Capital-backed $44 billion wealth manager is bullish on India REITs
IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said
 "Bain Capital-backed $44 billion wealth manager is bullish on India REITs")
Bain Capital raises $2 billion in biggest Asia special situation pool
Bain Capital LP raised $2 billion for its second special situations fund, giving it the biggest pool of capital focusing on complex and structured credit and equity investments in Asia-Pacific
 "Bain Capital raises $2 billion in biggest Asia special situation pool")
RBI MPC meet: Question not whether to raise borrowing costs but by how much
With Wednesday's Monetary Policy Committee (MPC) decision following May's surprise 40 basis-point off-cycle hike, expectations have narrowed down to the size of increase to tame inflation
 "RBI MPC meet: Question not whether to raise borrowing costs but by how much")
Oil shock devastates poorer countries as shortages, protests mount
Sri Lanka, Laos, Nigeria and Argentina are among emerging economies in Asia, Africa and Latin America that have seen long queues at some filling stations in the past weeks because of fuel shortages
 "Oil shock devastates poorer countries as shortages, protests mount")
India in talks to increase Russian oil imports from Rosneft: Report
State processors are collectively working on finalising and securing new six-month supply contracts for Russian crude to India, said people with knowledge of the companies' procurement plans
 "India in talks to increase Russian oil imports from Rosneft: Report")
Sri Lanka President vows to finish term, won't run for re-election
"I can't go as a failed president," Rajapaksa said Monday in a wide-ranging interview at his official residence in Colombo, his first with a foreign media organization
 "Sri Lanka President vows to finish term, won't run for re-election")
Amazon gains as 20-for-1 stock split lowers price tag for retail buyers
Amazon, whose 20-for-1 split took effect Monday, is among companies whose stocks have tumbled since the moves were announced amid a broad market selloff that's been especially painful for tech sector
 "Amazon gains as 20-for-1 stock split lowers price tag for retail buyers")
No data, no deal: Elon Musk warns of junking $44-billion Twitter bid
Says Twitter breaching merger agreement by not giving details on bot accounts
 "No data, no deal: Elon Musk warns of junking $44-billion Twitter bid")
Double whammy: Terra investors in India lost big. Now, they face the taxman
They could be taxed as much as 30% of the value of tokens received and they won't be able to offset any gains in the new token against losses from the previous one
 "Double whammy: Terra investors in India lost big. Now, they face the taxman")
The worst may be over for China stocks with tech probe's end in sight
The CSI 300 Index of onshore stocks is up 10% since a two-year low in late April, outperforming almost every national benchmark tracked by Bloomberg
 "The worst may be over for China stocks with tech probe's end in sight")
JetBlue sweetens offer for Spirit, boosts breakup fee, adds cash payment
The revised offer increases JetBlue's reverse breakup fee by $150 million and provides for about $164 million payable as a cash dividend
 "JetBlue sweetens offer for Spirit, boosts breakup fee, adds cash payment")
Property tycoons lose $65 bn amid China's 'common prosperity' goal
President Xi Jinping's resolve to achieve "common prosperity" is marking a watershed shift, signaling the end of China's property billionaire factory.
 "Property tycoons lose $65 bn amid China's 'common prosperity' goal")
Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%
The crypto market could also get a boost from US consumer-price data later this week.
 "Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%")