Bloomberg Mukesh Ambani’s Reliance Industries Ltd, along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd, according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd to bid for …

  Bloomberg More Retail Pvt, an Indian grocery chain backed by Amazon.com Inc, is considering an initial public offering that could value the company at as much as $5 billion, according to people with knowledge of the matter. The company is weighing a first-time share sale in Mumbai as early as June, the people said, asking not to be identified …

  Bloomberg Hong Kong businessman Sam Wong, 60, has scrapped his holiday plans. An executive director at China Renewable Energy, Wong was booked to fly to the US to spend Christmas with his two children who are studying there. He hasn’t seen them in six months. One week before his flight, the Hong Kong government declared that travellers returning from …

  Bloomberg Ghana will charge airlines $3,500 for every passenger flown in the country who isn’t fully vaccinated against Covid-19, part of a push by the West African country to avoid a fresh wave of infections. Carriers that take vaccinated passengers without negative PCR test results into Kotoka International Airport will also be fined starting from Tuesday, the Ghana Health …

  Bloomberg Airbus is closing in on a deal to supply Dutch airline KLM with single-aisle jets, unseating incumbent Boeing, according to people familiar with the matter. The planemakers are competing on an order for as many as 160 aircraft for KLM and low-cost carrier Transavia, as parent Air France-KLM refreshes the brands’ medium-haul fleets. The contest remains in flux, …

  Bloomberg UniCredit SpA intends to return at least $18.1 billion to shareholders by 2024, rolling out one of Europe’s most ambitious payout plans as part of Chief Executive Officer Andrea Orcel’s first strategy revamp. The Milan-based lender is seeking to distribute 100% of underlying profit in a mix of cash dividends and share buybacks on 2021 earnings, according to …

    Bloomberg Reserve Bank of India (RBI) allowed Life Insurance Corp of India (LIC) to double its stake in private-sector lender IndusInd Bank Ltd., the company said in a filing to exchanges. The nation’s largest insurer can raise its stake in the bank founded by the billionaire Hinduja brothers up to 9.99% from the current 4.95%, the bank said …

  Bloomberg JPMorgan Chase & Co was ordered by a London judge to give a trader that it fired during a market spoofing probe a near $600,000 job at the investment bank. The bank must rehire Bradley Jones, a cash equities trader, who won his unfair dismissal case earlier this year. Jones successfully argued that he was only fired because …

  Bloomberg The Philippine central bank is looking into complaints that some clients of BDO Unibank Inc, the country’s largest lender by assets, lost money to an online fraud in which funds were channeled to accounts at Union Bank of the Philippines. “We are in close coordination with BDO as well as UBP on this incident to ensure that remedial …

  Bloomberg Deutsche Bank AG’s control lapses keep haunting Christian Sewing. The Chief Executive Officer of Germany’s largest lender has spent his almost four years in the role trying to mend relations with regulators and restore a path to sustainable profitability. While he’s made progress on the latter, a slew of recent legal and regulatory headaches threaten to overshadow those …