India’s Tata Motors in talks to raise $1 billion via stake sale in EV business – Report

BENGALURU (Reuters) -Indian carmaker Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake, the newspaper report added, eyeing a …

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Bank of America racked up $1.2 billion in penalties, settlements in 2022

By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp (BofA) amassed $1.2 billion in expenses for litigation and regulatory investigations last year including fines and settlements, according to a company filing on Wednesday. The cost is a major jump from $164 million recorded by the second-largest U.S. lender in 2021 and $823 million …

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Georgia grand jury probe of Trump bid to overturn vote recommended charges – media

(This Feb. 21 story has been refiled to add dropped word ‘recommended’ in paragraph 2) WASHINGTON (Reuters) – The foreperson of a Georgia grand jury that investigated former U.S. President Donald Trump’s attempts to overturn his 2020 election defeat in the state told media on Tuesday that the panel recommended multiple criminal indictments. The foreperson …

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Cricket-England’s Stokes to leave IPL early for Ireland test and Ashes

(Reuters) – England’s Ben Stokes will leave the Indian Premier League (IPL) early to prepare for a one-off test against Ireland in June and the subsequent Ashes series against Australia, the star all-rounder has said. England test captain Stokes skipped last year’s IPL but was sold to Chennai Super Kings for a staggering $1.96 million …

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India’s BSE Sensex seen up 9% in 2023, correction unlikely – Reuters poll

By Indradip Ghosh BENGALURU (Reuters) – India’s equity market will rise less this year than thought a few months ago mainly due to expectations of higher interest rates, according to equity strategists polled by Reuters, who also said the chances of a correction in the near-term were low. Against a better economic growth outlook for …

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