Bloomberg India’s main opposition party ramped up the pressure on Prime Minister Narendra Modi over his silence on the Adani turmoil and planned a nationwide protest on Monday to highlight the risk to small investors. “What action has been taken, if ever, to investigate the serious allegations made over the years against the Adani Group?” Jairam Ramesh, general secretary ...

  Bloomberg Pervez Musharraf, the former four-star Pakistani army general who governed the South Asian nation for nearly a decade after coming to power in a 1999 bloodless coup, has died. He was 79. He died after a long ailment in Dubai, said Raza Bokhari, a former spokesman and close aide. Musharraf, who was Pakistan’s fourth military leader, was a ...

  Bloomberg Ukraine’s government expects Russia’s new offensive to start this month, defense minister Oleksii Reznikov said at a press briefing in Kyiv. The one-year mark of Moscow’s invasion of its neighbor will be Feb. 24. Reznikov said the main directions of Russia’s attack are likely to be from the east and south. He discounted the possibility of an invasion ...

  Bloomberg Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group AG clients who’d reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country. The Attorney General’s Office confirmed it’s investigating suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws ...

  Bloomberg Bank of America Corp (BofA) Chief Executive Officer Brian Moynihan’s total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank. The board granted Moynihan $1.5 million in salary and $28.5 million in stock-based incentive awards, the Charlotte, North Carolina-based lender said in a filing. A year ...

  Bloomberg The chief of one of Australia’s largest commercial banks warned strength of the nation’s economy suggests that markets and home owners should brace for “a lot more rate rises.” The comments from Australia & New Zealand Banking Group Ltd. (ANZ) Chief Executive Officer Shayne Elliot in local newspapers come ahead of an interest rate decision by the central ...

  Bloomberg State Bank of India’s (SBI) quarterly profit rose 69% from the previous year, surpassing analyst estimates, amid heightened interest in the lender’s exposure to billionaire Gautam Adani. Net income was 142.1 billion rupees ($1.74 billion) in the three months through December, as bad-loan ratio narrowed and income from loans rose, according to a statement from the bank. That ...

  Bloomberg Paytm, India’s leading digital payments brand, posted a narrower third-quarter loss after its drive to add customers boosted revenue. The net loss in the quarter through December shrank to 3.9 billion rupees ($48 million) from 7.8 billion rupees a year earlier, the company said in a statement. Revenue from operations rose 42% to 20.6 billion rupees, while total ...

  Bloomberg BMW AG is hoping to piggy-back on future hydrogen fuelling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel. The German luxury carmaker, pushing on with plans for hydrogen models even as EVs proliferate, last year started production of fuel-cell systems for a small test ...

  Bloomberg Samsung Electronics Co is counting on demand for premium devices to drive double-digit growth in sales of marquee Galaxy phones in 2023, despite signs the global market may contract a second straight year. The world’s largest smartphone maker, which warned this week that a record smartphone slump may persist well into 2023, expects to outpace the industry by ...