Bloomberg South Korean conglomerate Lotte Group and French carmaker PSA Group have separately discussed proposals to invest as much as $6 billion combined in India, a move that would boost Prime Minister Narendra Modi’s attempts to attract foreign capital in Asia’s third-largest economy, a person with direct knowledge of the matter said. Lotte may invest between $3 billion and $5 ...

Bloomberg The Indian government is working on a new policy to encourage capital spending and restore the financial health of mobile-phone operators battered by a bruising tariff war, telecom secretary Aruna Sundararajan said. Public consultation will begin by year-end and cabinet approval is expected by March, she said in an interview in New Delhi, declining to share details. Voicing a ...

Bloomberg LexinFintech Holdings Ltd., owner of Chinese online lending platform Fenqile, plans to meet advisers to discuss the fate of its proposed US initial public offering, people with knowledge of the matter said. The company aims to decide whether to imminently start its IPO roadshow or wait for a later date when market sentiment may be better, according to the ...