Bloomberg Tata Steel Ltd is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said. The company is working with advisers on a potential sale of its 50 percent stake in mjunction Services Ltd, an online marketplace for commodities ...

Bloomberg An Indian credit ratings company cut Patanjali Ayurved by two levels, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products. Care Ratings downgraded Patanjali’s long-term bank facilities to A- from A+, according to a statement. Care and Brickwork Ratings cut the company’s outlook to negative from stable. Patanjali ...

Bloomberg India is emerging as the testing and acquisition playground for global consumer technology companies, especially the so-called FAANGs, according to a veteran internet analyst. RBC Capital Markets’ Mark Mahaney, who calls himself Wall Street’s “oldest internet analyst” after covering the sector for more than two decades, said India is now more popular than markets like China because it has ...

Bloomberg Sony Corp cut the price of its PlayStation Now video-game service in half, to $9.99 a month, a reflection of the increasing competition in online offerings. The industry leader in video games said it’s also adding limited runs of top-selling titles to the service, such as Take-Two Interactive Software Inc’s Grand Theft Auto V, and launching the first global ...

Bloomberg Chinese firms have been snapping up US soybeans, but don’t mistake this as a sign of buyer confidence in upcoming trade talks. The companies, which received a fresh 2 million-ton quota from Beijing to import American beans free of retaliatory tariffs, have been seeking soy every day so far. That’s likely because they want to rush through orders in ...

More people are coming around to the idea that climate change is really bad news. A recent Washington Post poll found that 38% of Americans now consider climate change a crisis, with another 38% calling it a major problem. And denialism is in retreat — an overwhelming majority, and even 60% of Republicans, admit that the problem is manmade. The ...

US recession indicators are growing stronger and there’s one bigger-than-usual reason why the world should be worried: China isn’t coming to the rescue this time. In the past week alone, a gauge of US manufacturing unexpectedly fell to its weakest reading in a decade and payrolls at private companies grew less than forecast. Economists are starting to wonder whether the ...

Metro Bank Plc, the upstart UK lender, evidently has little other option than to enter the last-chance saloon. The first company in more than a century to go head-to-head with Britain’s big four banks is struggling to recover from an accounting error (underestimating the risk on some loans) , which led to a sell-off in its shares. Confidence was undermined ...

The world’s longest running and most expensive trade dispute looks set to end in a destructive shootout — that is, if the US and European Union don’t show some sense. On October 2, the World Trade Organisation (WTO) authorised the US to proceed with tariffs on as much as $7.5 billion in European exports, likely including planes, aircraft parts and ...

It’s almost universally expected in India that the central bank’s monetary policy committee will lower interest rates this week. Many expect it to keep cutting until the policy rate hits 5% by the end of the year; it was 6% in June, and the committee cut it by an unexpected 0.35 percentage points in its last meeting to bring it ...