Page 499 - Reuters%20/t%20_blank

Alibaba offers to buy Cainiao stake for up to $3.75 bn as it drops IPO plan

In the Chinese e-commerce giant's latest u-turn of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock

PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn

Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share

RBI to limit sharp swings in rupee after slip to record low, say traders

Persistent intervention by the RBI in the foreign exchange market over the past several months had dampened exchange rate volatility

SpiceJet to own 13 Bombardier Q400 planes after $91 mn settlement

SpiceJet has over the last few months reached settlements with multiple lessors, including Aercap, as the company looks to restore its grounded fleet and return to full capacity

RBI's regulatory scrutiny may raise lenders' capital costs: S&P Global

The stricter rules may also disrupt affected entities, increase caution among fintechs and other regulated entities, and even dent their earnings and reputation, S&P said

Gazprom buys former Shell stake in Sakhalin Energy for $1 billion

Sakhalin Project is fully owned by Gazprom, company filings showed

GAIL plans to commission its first green hydrogen project in April

"Once the initial hiccups are sorted at the commissioning stage, we expect to start producing in a month's time," one of the sources said

Brics' New Development Bank aims to make $5 billion in loans in 2024

Brics Chief Zhou also said he expected China's economy to grow about 5% this year, in line with the government's target

RBI likely to hold rates steady until at least July on strong growth: Poll

All 56 economists in the March 15-22 Reuters poll expected the RBI to hold the repo rate at 6.50% at the conclusion of its April 3-5 meeting

Oil prices continue to rise on expectations of limited supply from Russia

Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. US crude futures climbed 28 cents to $82.23

Indian refiners buy more US crude amid tighter sanctions on Russian oil

India's Reliance, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by Sovcomflot after recent US sanctions

Islamists carried out concert attack, Ukraine had a role, implies Putin

In the deadliest attack inside Russia for two decades, four men burst into the Crocus City Hall on Friday night, spraying bullets during a concert by the Soviet-era rock group Picnic

Donald Trump to face jurors in April before facing US voters in November

One of Trump's fundraising groups spent $5.5 million on legal fees in February, draining money from his efforts to win the election

Dell reduces workforce as part of broader cost cuts, limits external hiring

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month

Republican donors sought to help fund Trump bond in civil fraud case

Prez Trump needs to pay a bond in a New York civil case in which he was found liable for fraudulently inflating his net worth by billions of dollars to secure better loans and insurance terms

Co-founder Adam Neumann bids over $500 million to buy back WeWork

It's not clear how Neumann is planning to line up financing for his bid

US encourages 'fair, transparent' process for arrested Delhi CM Kejriwal

On 21 March, Delhi CM Arvind Kejriwal was arrested by ED on corruption charges that Aam Aadmi Party rejects

Boeing considers turning to outsider CEO for tackling spiraling crisis

Boeing board member David Gitlin has been widely mentioned as a potential CEO candidate

Adani Ports set to buy 95% of Odisha's Gopalpur Port for $162 million

Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39% stake from Orissa Stevedores

Wall Street declines ahead of US data; dollar faces heat from yen, yuan

Wall Street's main indices kicked off the week on a lower note. Market participants are hoping that Friday's US prices data will back investor bets for a June interest rate cut by the Federal Reserve