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 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
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
ISLAMABAD (Reuters) – Pakistan’s government said on Monday it was scrambling to restore electricity to millions of people after a grid collapse caused the worst power outages in months and highlighted poor infrastructure in the debt-ridden country. Energy Minister Khurram Dastgir told reporters that an investigation had been launched into the outage, which he said … Read more
State media says severe illness from the coronavirus is rare Chinese scientists brief the World Health Organization Chinese factory activity contracted in December BEIJING/HONG KONG/GENEVA, Jan. 3 (Reuters) – China’s state media downplayed the severity of a surge in COVID-19 infections on Tuesday, while its scientists briefed the World Health Organization, which is seeking detailed … Read more
