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US set to restrict China's access to cloud computing - WSJ
The Biden administration is preparing to restrict Chinese companies' access to U.S. cloud-computing services, the Wall Street Journal reported on Tuesday, citing people familiar with the situation. Key Points
ReutersTata Motors to hike prices of its passenger vehicles by an average 0.6% from 17 July
Tata Motors had announced price hikes of 1.2% in January and 0.6% in April, citing increased input costs and regulatory changes, respectively. Key Points
ThePrintEU in talks with Moderna over new deal for COVID vaccines - FT
The European Union is in talks with Moderna (MRNA.O) over a new supply deal for the company's COVID-19 vaccines amid concerns over a rise in infections in the region, the Financial Times reported on Tuesday, citing two people familiar with the matter. Key Points
ReutersLiquor barons raise a toast to 7% growth in June quarter
Demand increased for all key segments of whisky, rum, gin and vodka, especially in the premium category, industry executives said citing latest excise department data. Brandy was the only exception and grew just 1% as the segment sales are historically skewed towards winter months. They expect faster growth in the second half of the calendar that typically accounts for a larger share of liquor sales due to festivals and weddings. Key Points
Economic TimesAdani says report on securing $3 bln loan from a sovereign wealth fund is market rumour
Reuters reported yesterday citing two unnamed sources that Adani Group had told creditor about securing the loan. The credit line from the sovereign wealth fund could be upsized to $5 billion, the two sources said in Wednesday, citing a memo that was circulated to participants as highlights of a three-day investor roadshow that ended yesterday. Key Points
Economic Times
US man found dead in chimney a month after resident heard cries for help
The victim, Zachariah Andrews, was found by a maintenance worker on October 19 in Norfolk, Nebraska. His remains had to be identifed by marks, tattoos, scars and an identification card found on him, The Independent report said, citing police. Key Points
India TodayRussia-North Korea ties: Vladimir Putin gifts ‘luxury car’ to Kim Jong Un
Russia has conveyed information about gifting the vehicle to North Korean leader's sister Kim Yo-jong. The gift demonstrates a ‘clear demonstration’ of the special personal relations between the two leaders. Key Points
mintIntel delays $20 billion Ohio project, citing slow chip market: report
Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. Key Points
Economic TimesMaruti Suzuki India to hike prices in Jan, quantum not finalised
New Delhi, Nov 27 (PTI) Marti Suzuki India on Monday said it plans to increase prices of its vehicles in January 2024, citing cost pressure driven by overall inflation and increased commodity rates. The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh […] Key Points
ThePrintHedge funds short US financial stocks at near record levels -Goldman Sachs
Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs (GS.N) said on Friday, without citing the underlying reasons. Key Points
Reuters
Japan's Fuji Soft to launch tender offer for 4 listed subsidiaries -Bloomberg News
Software developer Fuji Soft (9749.T) is planning to announce a tender offer on Wednesday for four listed subsidiaries in Japan, Bloomberg News reported, citing people familiar with the matter. Key Points
ReutersS&P cuts outlook on Vedanta Resources on funding risks
S&P Global Ratings on Thursday cut its outlook on Vedanta Resources, parent of Indian metals-to-oil conglomerate Vedanta Ltd (VDAN.NS), to "negative" from "stable," citing increased funding risks. Key Points
ReutersIndia's Adani Group plans $1.82-bln fundraise through bond market - Bloomberg News
India's Adani Group is planning to raise 150 billion rupees ($1.82 billion) through the country's bond market this financial year, Bloomberg News reported on Monday, citing people familiar with the matter. Key Points
ReutersOpenAI's head of trust and safety steps down
OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work. Key Points
ReutersU.S. prosecutors probe ex-FTX executive Salame for campaign finance violations, Wall Street Journal reports
Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Key Points
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Byju's and lenders renew talks to restructure debt - Bloomberg News
Embattled Indian edtech startup Byju's and some of its lenders have restarted negotiations to restructure its $1.2 billion term loan, Bloomberg News reported on Friday, citing people familiar with the matter. Key Points
ReutersRolls-Royce may cut thousands of jobs in turnaround plan
Rolls-Royce Holdings Plc could cut thousands of jobs after the company hired consultants led by McKinsey & Co to advice on streamlining its operations, The Times reported. Part of the turnaround plan will see the combination of non-manufacturing departments in each of the company's civil aerospace, defence and power systems divisions, the newspaper said, citing an unidentified consultancy source. As a result, 10% of around 30,000 jobs in these departments could be eliminated, the report said. Key Points
Economic TimesSplitsvilla-fame Aditya Singh Rajput found dead in apartment, investigation underway
Actor, model and casting director Aditya Singh Rajput on Monday was found dead in the bathroom of his apartment in suburban Andheri, reported PTI, citing police. The 33-year-old was allegedly not keeping well since the last couple of days and he collapsed in the bathroom of his apartment in Oshiwara area this afternoon, an official said. Key Points
Economic TimesGo First cancels all flights till May 26
India Business News: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19."We r Key Points
Times Of IndiaMukesh Ambani’s Reliance has stock analysts most bullish in 7 years
The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices. Thirty-three of the 38 analysts that cover the conglomerate have buy ratings, with many citing attractive valuations as well as optimism for its various oil-related, consumer and telecom businesses. Key Points
Economic Times