Business Live: Shares slip as Reliance falls after Amazon tries to block Future deal; IMF lifts 2021 global growth forecast

The Nifty and the Sensex opened the day on a negative note, falling further weighed by tanking Reliance shares.

Join us as we follow the top business news through the day.

11:30 AM

Doubts over the Chinese economic rebound

“China’s own numbers as well as independently collected economic data do not tell the story of a blockbuster rebound. Instead, they show a full-year recession hiding in plain sight,” with economic numbers being “wildly inflated:” ⁦@shehzadhqazi⁩ https://t.co/fS3HqZp1Gd
— Lisa Abramowicz (@lisaabramowicz1) January 27, 2021

11:00 AM

Cairn threatens Indian asset seizures abroad in tax case

A month after it won an international tribunal award of $1.2 billion in damages against India in the retrospective taxation case, U.K.-based Cairn Energy Plc has threatened that it may be forced to begin attaching Indian assets including bank accounts in different world capitals, unless the government resolves the issue.

In a letter to the Indian High Commission in…