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Bloomberg Tata Group, the Indian conglomerate that manages more than 100 operating companies, is weighing a plan to streamline its technology and infrastructure businesses, people with knowledge of the matter said. The conglomerate is considering a restructuring that would see several of its technology businesses moved under publicly traded Tata Consultancy Services Ltd., according to the people. TCS, Asia’s largest ...

Bloomberg India wanted to cap toxic emissions from power plants by December. It’s now discovering that target is at least 6 years from its reach. The nation’s power industry regulator says a countrywide roll out of equipment to lower sulfur dioxide emissions won’t be completed until 2023. And that’s only one of the the four types of pollutants plants must ...

Bloomberg The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions, according to Hindustan Zinc Ltd., Asia’s biggest producer by market value. Prices on the London Metal Exchange may rise to about $3,000 a metric ton in the next couple of ...

Bloomberg Blackstone Group LP rode a widespread market advance in the second quarter, earning 36 percent more than a year earlier. The results fell short of analysts’ estimates as a downturn in energy prices hit private equity holdings. While the asset manager’s public holdings — shares of companies it’s taken public — tracked positively, private investments were “pressured by the ...

Bloomberg Ride-hailing provider Lyft Inc., emboldened by public stumbles by larger rival Uber Technologies Inc., is taking the leap into developing its own fully autonomous vehicles. Lyft is opening a self- driving vehicle development facility in Palo Alto, California, called “Level 5,” a nod to the designation of fully autonomous vehicles that don’t require human supervision. Several hundred employees will ...

Bloomberg Another week, another scare from the German car industry. What began with Daimler AG’s massive recall of more than 3 million diesel cars to lower their emissions, ended with Audi also embarking on a voluntary recall of 850,000 vehicles. Adding to the spate of bad news was a report in Der Spiegel magazine that the biggest car manufacturers — ...

Bloomberg Mangrove Capital Partners, the Luxembourg-based venture capital firm, has raised a $170 million fund to invest in European startups. But its outspoken founder has no interest in startups looking for a quick buck. The fund, which is Mangrove’s fifth since its founding 17 years ago, will invest in early stage companies, said co-founder and Chief Executive Officer Mark Tluszcz ...

Bloomberg McCormick & Co. agreed to acquire Reckitt Benckiser Group Plc’s food business for $4.2 billion, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings. The deal brings a stable of well-known condiments to Sparks, Maryland-based McCormick. For Reckitt Benckiser, unloading the products continues an overhaul that began with an expansion into baby formula through ...

KHOBAR / Reuters State oil firm Saudi Aramco is considering building new facilities to add production of Arabian Heavy crude from the Zuluf offshore oilfield, industry sources said. The central processing plant is expected to have two units, known as trains, with a total capacity of 600,000 barrels per day (bpd) to process Arabian Heavy crude supplied by electrical submersible ...

Dubai / WAM Emirates NBD recorded half-year net profits of AED3.9 billion, up 5 percent on higher net interest income, lower expenses and lower provisions. Net interest income improved 2 percent year-on-year due to loan growth and helped by a recent improvement in margins. Net interest margin improved since the beginning of the year as loans reset at higher rates ...