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Pakistan buries victims of mosque blast as death toll passes 90

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Pakistan buries victims of mosque blast as death toll passes 90

Tragic scenes when people are looking for their loved ones Attack in fortified area baffles authorities Rescue work continues to clear the rubble of the mosque PESHAWAR, Pakistan, Jan. 31 (Reuters) – Distraught family members crowded into hospitals in Pakistan’s Peshawar on Tuesday to search for their relatives, a day after a suicide bomber attacked … Read more

Adani’s crucial share sale 85% subscribed as institutions pumped funds

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Adani’s crucial share sale 85% subscribed as institutions pumped funds

MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more

Suicide bombing at mosque in Pakistan kills 32, targeting police

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Suicide bombing at mosque in Pakistan kills 32, targeting police

Explosion occurred in a mosque during prayer time Most of the victims were police officers So far, no group has claimed responsibility for the blast PESHAWAR, Pakistan, January 30 (Reuters) – A suicide bombing at a crowded mosque in Peshawar, Pakistan, killed at least 32 people on Monday. Hospital officials said at least 147 people … Read more

Adani’s $2.5 billion share sale looms on a pivotal day after the defeat

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Adani’s crucial share sale 85% subscribed as institutions pumped funds

NEW DELHI, Jan. 29 (Reuters) – Gautam Adani faces a critical day on Monday as the second day of the $2.5bn share sale of his flagship company was overshadowed by a $48bn price drop in the Indian billionaire’s stock, which was fueled by a report from a US short seller. Seven publicly traded companies belonging … Read more

Adani hits back at Hindenburg saying it did all the revealing

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Adani hits back at Hindenburg saying it did all the revealing

Adani publishes 413-page refutation of the Hindenburg Report The US short-seller’s report led to declines in Adani shares Adani says complies with laws, necessary disclosures Adani CFO is confident that the $2.5 billion share sale will succeed NEW DELHI, Jan. 30 (Reuters) – India’s Adani Group on Sunday issued a detailed response to a report … Read more

India expects more clashes with Chinese troops in the Himalayas

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India expects more clashes with Chinese troops in the Himalayas

NEW DELHI, Jan. 28 (Reuters) – A security assessment by Indian police in the Himalayan region of Ladakh says there could be more clashes between Indian and Chinese troops along their disputed border there as Beijing ramps up military infrastructure in the region. At least 24 soldiers were killed when the armies of the Asian … Read more

Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers ponder changes

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Exclusive: India’s Adani says .5 billion share sale on track even as bankers ponder changes

MUMBAI, Jan. 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on track at its planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes as a result of a market failure in the group’s shares. Bankers on the deal were considering extending the … Read more

India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

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India’s Adani Begins Record Share Selling as Short Seller Causes Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more