DIRS.INFO The most relevant business & tech news

☆ Ecuador Votes in a Presidential Runoff as Drug-War Violence Soars
▼ + stars: | 2023-10-15 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/ecuador-votes-in-a-presidential-runoff-as-drug-war-violence-soars-b58854ec

Persons: Dow Jones Locations: americas, ecuador

☆ Brutal Gangs, Frail Government Await U.N.-Backed Haiti Mission
▼ + stars: | 2023-10-06 | by ( Kejal Vyas | Juan Montes | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/brutal-gangs-frail-government-await-u-n-backed-haiti-mission-3c25c4ee

Persons: Dow Jones Locations: haiti

☆ U.S. to Resume Deportations of Venezuelan Migrants
▼ + stars: | 2023-10-06 | by ( Kejal Vyas | Santiago Pérez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/u-s-to-resume-deportations-of-venezuelan-migrants-78e7cdaf

Persons: Dow Jones Locations: venezuelan

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/u-n-to-vote-on-kenyan-led-force-to-bring-control-to-haiti-d701c050

Persons: Dow Jones, d701c050 Organizations: kenyan Locations: haiti

Akasa told the court it cancelled 600 flights in August and would be forced to cancel up to 700 more in September if the resignations continue, the person added. Akasa has dragged the pilots, many of whom have joined rival Air India Express, to court and initiated legal proceedings against the aviation regulator to enforce the notice period. The notice period ranges between 6-12 months, depending on the pilot's rank, according to the aviation regulator. "All our actions are aimed at creating a durable and reliable airline for the long run," Akasa said in a statement. "Akasa is a well-run airline with strong finances and a solid plan," he said.

Persons: Vinay Dube, Akasa, Dube, Aditya Ghosh, Aditi Shah, Varun Vyas, Aditya Kalra, Louise Heavens, Christian Schmollinger, Kim Coghill, Bernadette Baum Organizations: Akasa, Air India Express, IndiGo, country's, Tata, Air India, Go Air, Boeing, Thomson Locations: DELHI, Delhi

☆ Argentina Owes $16 Billion in Expropriation Suit, U.S. Court Rules
▼ + stars: | 2023-09-09 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/argentina-owes-16-billion-in-expropriation-suit-u-s-court-rules-75fa3944

Persons: Dow Jones Locations: americas, argentina

☆ Key Conspirator in Haitian Leader’s Killing Pleads Guilty in Miami Court
▼ + stars: | 2023-09-07 | by ( Arian Campo-Flores | Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/key-conspirator-in-haitian-presidents-assassination-pleads-guilty-in-miami-court-6237f95b

Persons: Dow Jones Locations: miami

☆ Colombian Prosecutors to Charge 60 People With Graft Tied to Odebrecht Building Scandal
▼ + stars: | 2023-08-18 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/colombian-prosecutors-to-charge-60-people-with-graft-tied-to-odebrecht-building-scandal-54cf4909

Persons: Dow Jones Locations: americas, colombian

A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah/File PhotoPOCHAMPALLI, TAMIL NADU, Aug 15 (Reuters) - Ola Electric, India's largest maker of electric scooters, launched its most affordable rides on Tuesday, in an effort to woo more buyers as the price of e-scooters moves closer to gasoline models. The cheapest gasoline scooter in India costs about 64,000 rupees. The Softbank Group-backed (9984.T) company on Tuesday said it has opened 100 more service centres across the country, taking their total tally to 500. ($1 = 83.3916 Indian rupees)Reporting by Varun Vyas in Pochampalli, Riddhima Talwani in New Delhi and Biplob Kumar Das in Bengaluru, editing by Aditi Shah and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Aditi Shah, Ola, Varun Vyas, Riddhima, Biplob Kumar Das, Sonia Cheema Organizations: REUTERS, Softbank, Thomson Locations: New Delhi, India, Pochampalli, Bengaluru

☆ Subway India takes away free cheese slice, offers sauce as inflation bites
▼ + stars: | 2023-08-11 | by ( Riddhima Talwani | ) www.reuters.com time to read: +3 min

They now charge 30 rupees ($0.40) extra for the cheese slice in most sandwiches, but are offering a free "cheezy" sauce instead. Subway has "replaced the cheese slice with liquid cheese blend ... You just lost a loyal customer," one unimpressed customer, Sumit Arora, wrote on X, the social media platform formerly known as Twitter. A Subway store manager in New Delhi told Reuters the new cheese sauce costs 400 rupees/kilogram. A cheese slice, said Culinary Brands' marketing head Mayur Hola, "can be added on at a small cost". A Subway sandwich costs around 200-300 rupees ($2.4 to $3.6) in India, and if a customer adds the cheese slice - which was once free - will now cost up to 15% higher.

Persons: Andrew Kelly, Everstone, Sumit Arora, Mayur, Karan Taurani, Riddhima Talwani, Varun Vyas, Jatindra, Saurabh Sharma, Aditya Kalra, Simon Cameron, Moore Organizations: REUTERS, Subway, Brands, Twitter, Reuters, India’s, Thomson Locations: Manhattan , New York City, U.S, India, DELHI, Nepal, New Delhi, Bengaluru, Bhubaneswar, Lucknow

☆ Paytm CEO Sharma to buy stake worth $628 mln in co from Antfin Holding
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Paytm founder and CEO Vijay Shekhar Sharma delivers a speech during his company's IPO listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai, India, November 18, 2021. Sharma's stake purchase from Antfin (Netherlands) Holding B.V. is valued at $628 million, as per Paytm's last closing price of 796.6 rupees a share. Sharma's stake in the digital payments firm will increase to 19.42%, while Antfin's shareholding will reduce to 13.5%. The company added that there would be no change in the management or control of Paytm, with Sharma and the existing board continuing in their roles. Reporting by Varun Vyas in Bengaluru; Editing by Dhanya Ann Thoppil and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Vijay Shekhar Sharma, Niharika Kulkarni, Sharma, Varun Vyas, Dhanya Ann Thoppil, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Thomson Locations: Mumbai, India, BENGALURU, Antfin, Netherlands, Bengaluru

☆ Son of Colombian President Arrested on Money Laundering Charges
▼ + stars: | 2023-07-29 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/son-of-colombian-president-arrested-on-money-laundering-charges-a45d630b

Persons: Dow Jones

☆ India's ITC to demerge hotel business into separate company; shares fall
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, July 24 (Reuters) - India's ITC Ltd (ITC.NS) said it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4% lower on Monday. Shares of ITC hit a record high earlier in the day before falling as much as 4.3% after the demerger was announced. Indian hotels have turned into a hot sector as pandemic-led disruptions eased, with operators enjoying higher rates and occupancy. The Indian hospitality industry is expected to witness rapid growth going forward, ITC said. The hotel business accounted for nearly 4% of ITC's total revenue from services and sales and contributed over 2% of its annual profit, according to its latest annual report.

Persons: Varun Vyas, Sohini Goswami Organizations: India's ITC, ITC Hotels, ITC, Tata, Indian Hotels, Taj Hotels, Marriott Hotels, Oberoi, Thomson Locations: BENGALURU, Bengaluru

☆ India's Samvardhana Motherson buys Germany's Dr. Schneider for $132 mln
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 24 (Reuters) - Indian auto parts maker Samvardhana Motherson International (SMIL) (SAMD.NS) said on Monday it made a second acquisition this month, buying Germany's Dr. Schneider Group for 118.3 million euros ($131.6 million). Dr. Schneider Group, a unit of Dr. Schneider Holding, manufactures interior components for vehicles such as panels and lighting. The German company had filed for insolvency in September 2022 due to "a failed operational and financial restructuring", Samvardhana Motherson said in a statement, referring to the acquisition, which was done through an insolvency process. Dr. Schneider Group employs 4,500 people in seven facilities across Germany, Spain, Poland, the U.S., and China, SMIL said. The acquisition adds to SMIL's repertoire of big-ticket purchases to increase its presence in the auto parts manufacturing sector.

Persons: Samvardhana, Dr, Schneider, Samvardhana Motherson, SMIL, Vivek Chaand Sehgal, Varun, Dhanya Ann Thoppil Organizations: Schneider, Schneider Group, Honda Motor, Yachiyo, Sethuraman, Varun Vyas, Thomson Locations: BENGALURU, Germany, Spain, Poland, U.S, China, Japan, Bengaluru

☆ Deadly School Fire Casts Light on Sexual Exploitation in Guyana Mining Town
▼ + stars: | 2023-07-23 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/deadly-school-fire-casts-light-on-sexual-exploitation-in-guyana-mining-town-236d033

Persons: Dow Jones Locations: guyana

☆ India's Infosys shares slide after cutting full-year growth outlook
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 21 (Reuters) - Shares of Infosys (INFY.NS), India's second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit. The company cut its revenue guidance to 1%-3.5% on a constant currency basis from the previous 4%-7%. Infosys Chief Executive Salil Parekh attributed the guidance cut to delays in decision-making by clients. Last week, market leader Tata Consultancy Services (TCS.NS) warned of an uncertain demand environment, while smaller peers HCLTech (HCLT.NS) and Wipro (WIPR.NS) reported and projected muted growth. ($1 = 82.0440 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Salil Parekh, Varun Vyas, Sohini Goswami Organizations: Infosys, Tata Consultancy Services, Wipro, Thomson Locations: BENGALURU, Bengaluru

Collin EatonCollin Eaton writes about the largest American oil companies and global energy issues in The Wall Street Journal's Houston bureau. Collin joined the Journal in early 2020, a few weeks before the onset of the pandemic and a historic oil-market collapse that crippled U.S. shale companies. In the aftermath, Collin covered the major strategic shifts that have changed the industry's role in the world's energy market, as well as the return of $100-a-barrel oil and record fuel prices as companies and consumers grappled with inflation. Collin previously wrote about oil and gas for Reuters and the Houston Chronicle. He began his career writing about banking and finance in Houston.

Persons: Collin Eaton Collin Eaton, Collin Organizations: Reuters, Houston Chronicle Locations: Houston

☆ Ex-Venezuelan Spy Chief Extradited to U.S. on Drug Charges After Long Manhunt
▼ + stars: | 2023-07-19 | by ( Kejal Vyas | Juan Forero | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ex-venezuelan-spy-chief-extradited-to-u-s-on-drug-charges-after-long-manhunt-9f17954d

Persons: Dow Jones

☆ U.S. Suspends Colombia Drug Crop Survey Program as Coca Output Rises
▼ + stars: | 2023-07-15 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-suspends-colombia-drug-crop-survey-program-as-coca-output-rises-ae3ff048

Persons: Dow Jones Locations: colombia

☆ Indian online gaming companies' shares fall on 28% tax blow
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 12 (Reuters) - Shares of Indian online gaming firms Nazara Technologies (NAZA.NS), Onmobile Global (ONMO.NS), and Delta Corp (DELT.NS) slid on Wednesday, a day after the government imposed a 28% tax on the funds collected by online gaming companies from customers. The tax will not differentiate skill-based games from those based on chance, Maharashtra state minister Sudhir Mungantiwar said on Tuesday. Shares of Nazara Technologies and Onmobile Gaming fell as much as 14.2% and 8.9% before they trimmed some losses. Delta Corp slipped 10% to hit its lower circuit. Nazara and Delta have risen 21.6% and 15.9%, respectively, so far this year as of Tuesday's close, while Onmobile has fallen 11.9%.

Persons: Nirmala Sitharaman, Sudhir Mungantiwar, Onmobile, Varun Vyas, Savio D'Souza, Sonia Cheema Organizations: Nazara Technologies, Onmobile, Delta Corp, Thomson Locations: BENGALURU, Maharashtra, Bengaluru

☆ India's Vedanta slips after Foxconn pulls out of semiconductor JV
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 11 (Reuters) - India's Vedanta (VDAN.NS) fell over 2% on Tuesday, a day after Taiwan's Foxconn (2317.TW) said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate. The companies partnered last year to set up semiconductor and display production plants in Gujarat state. S&P Global Ratings said that Vedanta's planned semiconductor business does not increase immediate liquidity pressure, adding that it believes there is no immediate sizable funding commitment for the semiconductor project, pending government approval. The Securities and Exchange Board of India (SEBI), the country's market regulator, had imposed a 3 million rupee($36,430.76) fine nearly two weeks ago on Vedanta for disclosure requirement violations regarding the Foxconn venture. Shares of Vedanta fell as much as 2.6% to 275 rupees apiece, after having already fallen over 24% as of last close, since the partnership was announced in February last year.

Persons: Taiwan's Foxconn, Narendra Modi's chipmaking, Varun Vyas, Dhanya Ann Thoppil, Sonia Cheema Organizations: Reuters, Indian, Securities, Exchange Board of India, Vedanta, Thomson Locations: BENGALURU, Gujarat, Bengaluru

El Salvador, long whipsawed by gang violence that made it one of the world’s most dangerous countries, turned things around by jailing huge swaths of its population. The country once known for having the world’s highest murder rate now has the world’s highest incarceration rate—about double that of the U.S.

Organizations: El Locations: El Salvador

☆ Colombian Warlord Wanted on U.S. Drug Charges Dies in Venezuela
▼ + stars: | 2023-07-07 | by ( Kejal Vyas | Juan Forero | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/colombian-warlord-wanted-on-u-s-drug-charges-dies-in-venezuela-d10ec068

Persons: Dow Jones, d10ec068 Locations: venezuela

☆ India's Jio set to sign $1.7 bln deal with Nokia for 5G equipment - Economic Times
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 6 (Reuters) - India's Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia (NOKIA.HE) this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added. Jio and Nokia did not immediately respond to Reuters' requests for a comment. Jio snapped up airwaves worth $11 billion in a 5G spectrum auction last August and had launched 5G services in several cities. Swedish telecommunication company Ericsson (ERICb.ST) had in October last year, announced a partnership with Jio to build a 5G standalone network in India.

Persons: Jio, JP Morgan, Finnvera, Varun Vyas, Rashmi Aich Organizations: Nokia, Economic Times, Reliance Industries, Google, HSBC, Citigroup, Ericsson, Thomson Locations: BENGALURU, Helsinki, Finland, India, Swedish, Bengaluru

☆ Venezuela Bans a Top Opposition Figure From Public Office
▼ + stars: | 2023-06-30 | by ( Juan Forero | Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/venezuela-bans-a-top-opposition-figure-from-public-office-11373568

Persons: Dow Jones Locations: venezuela

Search resuls for: "Vyas"

25 mentions found