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Wirecard former COO Jan Marsalek in soup over two disputed deals in India

The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.

India's power companies face cash crunch after PFC rating cut to junk

Electricity projects, already reeling under precarious finances, could see borrowing costs soar if Power Finance isn't able to access the dollar bond market or raises funds overseas

ECB split is brewing on President Lagarde's signature crisis-fighting tool

Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries

Zoom's newest challenger: Budding internet tycoon Mukesh Ambani

Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls - but unlike Zoom, it doesn't impose a 40-minute time limit.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

Jeff Bezos's wealth soars to record $171.6 billion: Billionaires Index

Shares of the retailer surged 4.4 per cent to a record $2,878.70, boosting the founder's world-leading fortune to $171.6 billion.

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

India's mobile app ban threatens China's rise as a global tech power

It may present a model for other countries from Europe to Southeast Asia that seek to curtail the pervasiveness of apps like ByteDance's TikTok while safeguarding their citizens' valuable data.

Wary hedge fund managers aren't buying into rally in Indian stocks

Avendus isn't alone in bracing for another selloff

Huawei Technologies, ZTE are national security threats, says FCC

The action means money from federal subsidies used by many small rural carriers may no longer be used to buy or maintain equipment produced by the companies, the FCC said in a news release.

Shell plans to slash value of its oil & gas assets by up to $22 billion

The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations that sales will only recover slowly after the pandemic

China passes national security law giving it sweeping powers over HK

The legislation published late Tuesday includes sentences as long as life in prison for the most serious category of crimes, including subversion of state power and collusion with foreign forces

Goldman India CEO Chatterjee tells clients liquidity is the biggest theme

The Wall Street bank has arranged some of India's biggest equity offerings this year, according to data compiled by Bloomberg.

South China Sea is not 'maritime empire' of China, hits out Pompeo

His comments come as Vietnam and the Philippines on Saturday raised concerns over repeated violations of maritime rules

Second-generation Covid-19 vaccines are built for impact over speed

Some of the world's most prolific and experienced vaccine developers -- Sanofi, GlaxoSmithKline and Merck & Co - are among at least 100 challengers trailing the leaders

Hong Kong police ban annual march on July 1 amid tension over security law

The march planned for the July 1 anniversary of Hong Kong's return to Chinese sovereignty is against the city's social distancing rules and may cause violence, the police said

Mark Zuckerberg loses $7 billion as companies boycott Facebook ads

The share-price drop eliminated $56 billion from Facebook's market value and pushed Zuckerberg's net worth down to $82.3 billion, according to the Bloomberg Billionaires Index

Microsoft to close retail stores permanently, take $450-million hit

Microsoft closed its 83 stores, most of which are in the US, in late March due to the Covid-19 pandemic

SoftBank Group founder Masayoshi Son and Alibaba's Jack Ma part ways

"It's not like we had a fight," Son said during the virtual shareholder meeting. "This was perfectly amicable."

Delisting spree: Investors in India betting on which companies will be next

In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks