Bloomberg In Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made. “India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.” Two-way trade statistics tell the tale. India’s deficit …

Bloomberg Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, faces a bond coupon deadline on Monday after temporarily halting payments to lenders. The interest payment of about $9.75 million is the latest test for the debt-laden company, which has faced a series of setbacks amid a shakeout in the world’s second-largest telecom market. It announced …

Bloomberg Chinese companies that supply Tesla Inc. fell after Elon Musk indicated his pioneering electric car firm won’t start making vehicles in the world’s largest auto market this decade. Beijing Zhongke Sanhuan High-Tech Co., which said last year that it signed a three-year agreement to supply parts to Tesla, dropped as much as 3.6 percent in Shenzhen, while Ningbo Joyson …