India raises spending and avoids “outright populism” in the pre-election budget

Capital expenditure will increase by 33% to 10 trillion rupees in 2023/24 The government targets total borrowing at 15.43 trillion rupees It looks forward to a fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI (Reuters) – India on Wednesday announced one of the largest increases ever in capital spending for the next … Read more

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Adani issued a 413-page rebuttal to the Hindenburg Report The short selling report in the US triggered a drop in Adani shares Al-Adani says he adheres to the laws, and the necessary disclosures Adani CFO is confident of the success of the $2.5 billion share sale NEW DELHI (Reuters) – India’s Adani Group on Sunday … Read more

Microsoft’s cloud outage affects users all over the world

Outage affects Microsoft Azure cloud platform for hours Hit several Microsoft services including Teams and Outlook Microsoft says most customers have service restored now The stock fell 2.4% in the premarket January 25 (Reuters) – Microsoft Corp (MSFT.O) On Wednesday, it said it had restored all of its cloud services after a network outage that … Read more