Reuters Asia

India’s market regulator proposes changes to ease fundraising rules

BENGALURU (Reuters) – India’s capital market regulator on Thursday proposed changes in rules for fundraising and disclosure requirements for listed companies, according to a discussion paper on the regulator’s website. A discussion paper is the first step before potential policy changes by the Securities and Exchange Board of India (SEBI) for listed entities, funds, and …

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Exclusive-India data centre firm Yotta’s Nvidia AI chip orders to reach $1 billion -CEO

By Aditya Kalra GANDHINAGAR, India (Reuters) – Indian data centre operator Yotta’s plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 billion as Yotta beefs up AI cloud services, its chief executive told Reuters. Yotta said last month that it …

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NASDAQ talks to India about overseas listings for local companies

(This Jan. 10 story has been officially corrected to remove reference to QQQ after Knight said he was speaking in general terms, not specifically referring to QQQ, in paragraph 12) By Dhwani Pandya GANDHINAGAR, India (Reuters) – U.S. stock exchange Nasdaq has held talks with Indian authorities on potentially allowing local Indian companies to list …

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China, Taiwan opposition warn of threat to peace from ruling party candidate

By Ryan Woo and James Pomfret BEIJING/TAIPEI (Reuters) -China and Taiwan’s largest opposition party, the Kuomintang (KMT), warned on Thursday of the danger Taiwan’s ruling party presidential candidate Lai Ching-te could pose to peace if he wins election this weekend. Taiwan will hold a pivotal presidential and parliamentary election on Saturday, which is being closely …

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US urges China not to interfere in Taiwan elections

By Trevor Hunnicutt and Michael Martina WASHINGTON (Reuters) -The United States opposes any outside interference or influence in Taiwan’s upcoming presidential and parliamentary elections and plans to send an unofficial delegation to the self-governed island following the polls, a senior Biden administration official said on Wednesday. The delegation is likely to include some former high-ranking …

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Netflix removes Indian film with meat-eating scene after Hindu backlash

MUMBAI (Reuters) – Netflix has removed an Indian language film from its platform after the movie faced a backlash on social media for depicting the daughter of a Hindu priest eating meat. Hindus are India’s largest religious grouping and Hindu priests, as well as their families, are typically vegetarian. “Annapoorani – The Goddess of Food”, …

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India’s Infosys Q3 profit misses view, tightens FY rev forecast on weak demand

By Haripriya Suresh BENGALURU (Reuters) -India’s Infosys tightened its full-year revenue forecast on Thursday after reporting its first year-on-year drop in quarterly profit in over four years and missing expectations on sluggish demand from clients. The $245-billion information technology (IT) sector, which had gained immensely from a pandemic-induced digital services boom, has been struggling in …

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