Pakistan says mosque suicide bomber wore police uniform and breached motorbike security

Pakistan says mosque suicide bomber wore police uniform and breached motorbike security

PESHAWAR, Pakistan, Feb 2 (Reuters) – The suicide bomber who this week killed more than 100 people at a mosque inside a police compound in the Pakistani city of Peshawar was wearing a police uniform and entered the high motorcycle security, provincial police. the police chief said Thursday. The suicide bomber behind Monday’s attack had … Read more

Adani market losses snowball to $100 billion on stock sale suspended

Adani market losses snowball to 0 billion on stock sale suspended

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal from the sale of Adani Enterprises (ADEL.NS) shares marked … Read more

Hindenburg bet against Indian Adani intrigues rival US short sellers

Hindenburg bet against Indian Adani intrigues rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more

Adani drops $2.5bn share sale in blow to Indian tycoon

Adani drops .5bn share sale in blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more

India increases spending in latest budget before election

India increases spending in latest budget before election

NEW DELHI, Feb 1 (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year which starts on April 1, with a record capital spending plan while containing the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national vote in 2024, … Read more

Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

Gautam Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more

Pakistan buries victims of mosque blast as death toll passes 90

Pakistan buries victims of mosque blast as death toll passes 90

Tragic scenes as people search for loved ones Attack in fortified area baffles authorities Relief continues to clear the rubble of the mosque PESHAWAR, Pakistan, Jan 31 (Reuters) – Distraught relatives swarmed hospitals in Pakistan’s Peshawar on Tuesday to search for loved ones a day after a suicide bomber ripped through a crowded mosque in … Read more

Crucial sale of Adani shares 85% subscribed as institutions inject funds

Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) … Read more

Pakistani mosque suicide bombing kills 32, police targeted

Pakistani mosque suicide bombing kills 32, police targeted

The explosion took place in a mosque during prayer time Most of the victims were police officers No group has claimed responsibility for the explosion so far PESHAWAR, Pakistan, Jan 30 (Reuters) – A suicide bombing at a crowded mosque in Pakistan’s Peshawar killed at least 32 people on Monday, the latest attack targeting police … Read more

Sale of Adani shares for $2.5 billion faces crucial day after rout

Crucial sale of Adani shares 85% subscribed as institutions inject funds

NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a critical day on Monday with his flagship company’s second day of $2.5 billion auction, eclipsed by a $48 billion rout in shares of the Indian billionaire which was triggered by a report from an American short seller. Seven listed companies belonging to the Adani conglomerate, … Read more