By Krishn Kaushik (Reuters) -Indian Prime Minister Narendra Modi led the consecration on Monday of a grand temple to the Hindu god-king Ram on a site believed to be his birthplace, in a historic event for the Hindu majority of the world’s most populous nation. Coming months before Modi seeks a rare third term in …
Why India’s new Ram temple matters, and the dispute behind it Read More »
By Daniel Wiessner (Reuters) – An impending U.S. Supreme Court ruling that could curb the regulatory powers of federal agencies may play a critical role in a challenge by Republican-led states to a rule issued by President Joe Biden’s administration allowing socially conscious investing by employee retirement plans, according to a new court filing. The …
US Supreme Court ruling on agency powers may impact Biden ESG investing rule Read More »
BENGALURU/HYDERABAD (Reuters) -Indian generic drugmaker Cipla on Monday reported its third-quarter profit above analysts expectations, boosted by strong performances in North American and domestic markets. Consolidated net profit rose 32% to 10.56 billion Indian rupees ($127.1 million) in the quarter ended Dec. 31 from a year earlier, compared with average analysts’ estimate of 10.43 billion …
India’s Cipla Q3 profit tops estimates on North America sales boost Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank’s first rate decision of the year are on the agenda. At 1516 GMT, the rand traded at 19.1575 against the dollar, 0.64% weaker than its previous close. The dollar was …
South African rand on back foot ahead of rate decision, data Read More »
By Johnny Cotton and Marie-Louise Gumuchian NIVELLES, Belgium/LONDON (Reuters) – Sitting at her home in the Belgian town of Nivelles, acid attack survivor and campaigner Patricia Lefranc flicks through a sleek book of pictures of her shot by British fashion photographer Rankin. In one, she holds a photo of herself before the devastating 2009 attack …
Acid attack survivor fronts fashion book in new awareness campaign Read More »
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint …
Exxon files lawsuit against investors’ climate proposal Read More »
(Reuters) -Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Like other legacy department store operators, Macy’s has struggled to compete against younger, online competitors or peers with smaller brick-and-mortar footprints. This has …
Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns Read More »
(Reuters) -U.S. authorities are investigating B. Riley Financial’s deals with a client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings, Bloomberg News reported. B. Riley said in a statement that it was unaware of any SEC investigation regarding any …
SEC probes B. Riley deals with client tied to failed hedge fund – Bloomberg News Read More »
(Reuters) -Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea, impacting a shipping route vital to East-West trade. In response, some shipping companies have instructed vessels to instead sail around southern Africa, a slower and therefore more expensive route. The U.S. and Britain launched dozens of air strikes against …
Factbox-Shipping firms react to Houthi attacks in the Red Sea Read More »
(Reuters) -SolarEdge Technologies said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs. The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Costs related to these actions …
SolarEdge to lay off 16% of workforce to trim operating costs Read More »
