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Xiaomi’s time in India is now as competitors like Oppo, Vivo and Nokia close in fast

Xiaomi Corp. is going to double down on India. Literally. Chairman and CEO Lei Jun sat down with Bloomberg's Saritha Rai and Jason Gale in Bangalore this week to explain how he plans to resume rapid growth.

Industry News

Making the most of India’s big new tax reform: GST will be a great step forward

“Start,” though, is the operative word. If the country’s new national goods-and-services tax does go into effect in July, which looks more likely now that Parliament has passed the requisite legislation, that will be wo

Economy News

Billionaire Radhakishan Damani conjures up Walmart’s Sam Walton with $6 bn chain D-Mart

Radhakishan Damani may be India’s Sam Walton. Like the Wal-Mart founder, he’s a self-made billionaire from humble beginnings with a successful formula for retailing.

Industry News

Modi’s aim to spread solar to poorer nations wins support from IEA

The International Energy Agency will help support Prime Minister Narendra Modi’s goal to spread solar power to more developing nations, especially those clustered around the Equator.

India News

Rupee set for best Q1 performance since 1975 as foreigners pour $12 billion

Foreign investors gorging on Indian stocks and bonds have put the rupee on course for its best first-quarter performance since 1975.

Markets News

Modi attracts global players: Xiaomi’s billionaire CEO Lei Jun bets on India, to double smartphone production

The worst may be over for Xiaomi Corp. The Chinese smartphone maker once compared with Apple Inc. has resumed growth and global revenue should surpass $15 billion this year as an expensive gamble on India pays off, billionair

Industry News

Amazon’s Jeff Bezos overtakes Warren Buffett to become world’s second richest person

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.

World News

Modi may ease rules for foreign food retail before November

Following calls from global retail giants such as Wal-Mart Stores Inc. and Tesco Plc, Prime Minister Narendra Modi is set to decide by November whether India is prepared to ease strict rules on food retailers, a minister said

GST, Narendra Modi, GST Act, OBC, BJP, Yogi Adityanath News

This Chinese stock soared 4,500% on Nasdaq and no one knows why

Investors who put money into U.S. index funds usually aren’t looking for surprises. Those who bought into the Russell 2000 recently got one anyway: a little-known Chinese stock that went crazy for no apparent reason.

Markets News

Facebook adds ‘stories’ to main app, copying Snapchat yet again

Facebook Inc. is making a dramatic change to the social network's mobile application, letting people post pictures and videos that disappear after 24 hours.

Facebook, Instagram, WhatsApp, Snapchat, Mark Zukerberg, Facebook Inc, Drexel Hamilton News

City where Japan’s industrial boom began is decimated by old age

Provincial cities in Japan are competing for a declining pool of talent, workers and investment to replace vanishing industries.

Japan, Industrial Boom, UNESCO, Kitakyushu, Fukushima nuclear disaster, Old Age News

Why China appears to be thriving in the age of Trump

Faced with a protectionist U.S. administration in Washington, Communist Party leaders have improbably recast themselves as champions of globalization, free trade and openness.

Donald Trump, China, Communist party, Globalization, United States, Barack Obama, CFIUS News

Britain heads into the unknown as Theresa May signs Brexit letter

The UK will start the clock on two years of negotiations to withdraw from the European Union on Wednesday, a divorce that will redefine the country’s relationship with its largest trading partner and bring to an end decades

World News

Bailout to UP farmers could haunt Modi as other states demand a similar package

An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the federal government offer an agriculture bailout package acros

Economy News

Expensive valuations reign in bulls despite India stock markets’ rally

Traders are paying less than average to roll futures contracts tied to an index of India’s top 50 companies after the recent rally pushed equity valuations to a six-year high.

Markets News

GST: Landmark tax change a huge implementation challenge for India

While India’s on track to meet its deadline for a much-delayed national sales tax, implementation is seen as a test in the nation that has more states than the EU has members and a population twice that of North America.

Economy News

Scottish Parliament backs Independence vote in defiance of UK

Scottish lawmakers backed plans by the nationalist government in Edinburgh to pursue a second independence referendum, setting up what may be a lengthy and acrimonious showdown within the UK in the midst of Brexit negotiation

World News

Qatar Airways accelerates India plans, says ‘futuristic’ PM Modi will permit 100% foreign ownership of a domestic airline

Qatar Airways Ltd. may order 100 new jetliners before the end of this year to power its push into India and also plans to announce two new routes to the U.K. even as the country prepares to exit the European Union, Chief Exec

Industry News

As China looms large, Modi may give at least $3.5 bn to Bangladesh for infrastructure projects

India is likely to give Bangladesh a credit line of at least $3.5 billion for infrastructure projects during Prime Minister Sheikh Hasina’s state visit in April, as Beijing and New Delhi jostle for geopolitical influence in

India News

Facebook hires Apple veteran Hillman to run Oculus VR hardware

Facebook Inc. has hired Michael Hillman, a 15-year veteran of Apple Inc., as head of hardware for its Oculus VR division.

World News

Foreigners come to the rescue of Modi as inflows help fund India’s burgeoning current account deficit

Economists are betting that India has seen the back of the impact of its unprecedented cash ban, prompting foreigners to pour in investment that’s crucial to help bridge a widening current account deficit.

Narendra Modi, Congress, M V Rajasekharan, Assembly polls, Karnataka, S Nijalingappa, Prime Minister News

Donald Trump lashes out at Republicans for defeat of health bill

“Democrats are smiling in D.C. that the Freedom Caucus, with the help of Club for Growth and Heritage, have saved Planned Parenthood & Ocare!” Trump said.

World News

UK tells WhatsApp to open encryption to intelligence services

UK Home Secretary Amber Rudd said Facebook Inc.’s WhatsApp messaging system should open its encryption to security services and urged online companies to be more aggressive in shutting down sites exploited by terrorists.

Industry News

US joins ‘constructive’ G-20 climate meeting, says Germany

Officials representing the world’s largest economies, including the U.S., put global climate talks back on track in Berlin Friday, after failing last week to agree on language supporting the Paris accord, the German governm

World News

Where are the world’s happiest and healthiest living: Five things we learned this week

Even with all that pizza and pasta, Italy landed on top of Bloomberg’s Global Health Index.

World News

Mumbai Trans Harbor Link: Chinese, Korean majors vie to build one of India’s largest engineering project

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

India News

Grab, Uber’s largest rival in Southeast Asia, plans to raise $1.5 bn in new funding round

Grab, Uber Technologies Inc.’s largest rival in Southeast Asia, plans to raise more than $1.5 billion in a new funding round backed by SoftBank Group Corp., people familiar with the matter said.

Industry News