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Three listed units of China's HNA disclose embezzlements of nearly $10 bn

Three units of HNA, once China's most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders

Xiaomi says legal complaint against US to protect its interests

Chinese smartphone maker Xiaomi said that its legal complaint against the US Treasury Department was to protect the company's interests, in a notice on the Hong Kong stock exchange.

China's factory activity growth slows in January due to Covid-19

China's factory activity grew at the slowest pace in five months in January, hit by a wave of domestic coronavirus infections

Tata Motors says worried by chip shortage, Brexit impact on supplies

Tata Motors posted a 67.2% rise in profit for the last quarter of 2020, as Jaguar Land Rover sales improved in key markets like China.

Future likens Amazon's bid to stall deal to 'ruthless' Alexander the Great

Amazon, locked in protracted legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to Reliance Industries last year. Future denies wrongdoing

US lobby group urges India not to tighten foreign e-commerce rules

India is considering revising the rules after traders in the country raised complaints against Amazon and Flipkart

China's Xiaomi files legal complaint against US Defense, Treasury dept

The U.S. Department of Defense and the Treasury Department did not immediately respond to requests for comment

Hyundai Motor wrestles with the risks of embracing Apple: Report

Apple has never acknowledged talks with the automaker about building vehicles, and it was unclear whether any such talks are still active

Creditors seek bankruptcy of China's once high-flying HNA Group

HNA Group built an empire on debt that once spread from Deutsche Bank to Hilton Worldwide

Budget likely to increase food subsidy allocation by 4%-6% for 2021/22

Budget will be presented on February 1

Economic survey projects India's GDP growth at 11% for fiscal 2022

The survey's projections form the basis for key figures in the budget, due to be delivered on Monday by Finance Minister Nirmala Sitharaman

Tata Motors profit surges 67% in December quarter on festive boost

"Due to a strong festive season, the PV business posted its highest sales in last 33 quarters," Tata Motors CEO said

Tata Steel to continue separation of Dutch and British operations

This comes despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill

Global Markets: Stocks fall on long-short battle, European vaccine row

Wall Street has been gripped by a coordinated assault by small traders organising over online forums

Economic survey likely to predict 11% economic growth for 2021-22: Report

The Indian economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7% in the current fiscal year

Gold set to post weekly, monthly decline on firmer dollar rising 0.2%

Spot gold was unchanged at $1,840.91 per ounce by 0058 GMT. Prices were down 0.6% for the week and 2.9% for the month. U.S. gold futures rose 0.1% to $1,839.70

Oil industry seeks alliance with Farm Belt to fight Biden's EV agenda

While the oil industry and biofuels producers are natural competitors for space in America's gas tanks, they share a desire to ensure a future for internal combustion engines.

Small investors behind surge in GameStop and other shares hit by curbs

GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week, initially rallied to more than $480 a share on Thursday

Facebook shuts popular stock trading group amid GameStop frenzy

Allen Tran, a 23-year-old from Chicago who created Robinhood Stock Traders, said he woke up on Wednesday to a notification that Facebook had disabled the 157,000-member group

WeWork in talks to go public through a merger with SPAC, says report

A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over the past two months, cautioning that current talks could fall apart.