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Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

Didi says app takedown may hurt revenue, other US-listed China firms probed

Sunday's takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into Didi

OPEC+ crisis deepens as Saudi Arabia refuses to budge, oil edges up

OPEC and its allies on Friday voted to increase production by about 2 million barrels a day from August to December 2021 extend the remaining output cuts to the end of 2022

India's June services activity shrinks at fastest rate in 11-months

IHS Markit's Services Purchasing Managers' Index plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020

China widens probe beyond Didi Global to exert control over online data

Beijing's latest effort to rein in its top online companies unfolded swiftly over the weekend

Didi Chuxing says app takedown may adversely impact revenue in China

China's biggest ride-hailing firm Didi Global Inc said on Sunday removal of its 'DiDi Chuxing' app from smartphone app stores in China is expected to have an adverse impact on its revenue in China

Myanmar security forces kill at least 25 people in raid on town: Report

The state-run Global New Light of Myanmar said "armed terrorists" had ambushed security forces patrolling there

China orders Didi to be removed from app stores, days after mega US listing

The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules.

Amazon to grant incoming CEO Andy Jassy over $200 million in stock

The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today

Amazon, Tata say Indian govt e-commerce rules will hit businesses: Report

Govt's tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country's online retailers

Brazil top court gives nod for probe into Bolsonaro over vaccine deal

The president has been implicated in allegations of irregularities surrounding a 1.6 billion reais ($316 million) contract signed in February for 20 million doses

Arm CEO says Nvidia merger better than becoming standalone public company

Nvidia Corp's proposed $40 bn acquisition of Arm Ltd would better support creation of UK technology jobs than SoftBank Group unit becoming a standalone public company once again, Arm's CEO said

OPEC+ agrees new oil deal but without UAE agreement, source says

OPEC+ agreed to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though United Arab Emirates still opposed extension

OPEC+ to resume oil policy talks on Monday after UAE roadblock

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar

Amazon to grant new CEO Jassy over $200 million in stock

By Jeffrey Dastin

US seeks refuge for Afghan staff as it hands over Bagram airbase

The US had said it would have most troops out by September 11, keeping a contingent of about 650 in the country to protect diplomats, but that timetable was accelerated.

Just days after IPO, China opens cyber probe against Didi; shares fall 10%

Beijing-based Didi said in a statement to Reuters that it planned to conduct a comprehensive examination of cybersecurity risks and would cooperate fully with the relevant government authority.

Mitsubishi Electric CEO to quit over long-running data deceit

Japan's economy and trade minister, Hiroshi Kajiyama, said earlier that the government would act if it found that Mitsubishi had broken any laws or regulations.

'Shocked' Mitsubishi Electric CEO to quit over false inspections

Sugiyama, who became CEO in 2018 and has been with Mitsubishi for more than four decades

New Saudi airline plan takes aim at Emirates, Qatar Airways

Two people familiar with the matter said the new airline would boost international routes and echo existing Gulf carriers by carrying people from one country to another via connections in the kingdom