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Tata-Mistry feud deepens, may change holding firm

Bloomberg Tata Group’s feud with one of India’s richest families deepened after the country’s biggest conglomerate moved to change its holding company’s legal status to one that would restrict the Mistry family’s ability to sell its stake to external investors. Shareholders of the closely held company, Tata Sons Ltd., are scheduled to vote September 21 on changing its registration to ...

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China, a hotbed for ‘AI’ investors

Bloomberg To see the future of artificial intelligence, look East, said venture capitalist Jim Breyer. “China right now represents about half of the most interesting AI investment opportunities in the world,” Breyer said at the CNBC Institutional Investor Delivering Alpha conference in New York. Breyer’s bullishness about China stems from the accelerated deployment of internet technologies in urban and rural ...

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EU working on digital tax to stem outflow of ‘bags of money’

­­­­­­­­­­­Bloomberg European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc. and Facebook Inc. to raise money from an industry that they say provides less than it should to public coffers. French Finance Minister Bruno Le Maire told colleagues at a meeting in Tallinn, Estonia, that the bloc should agree to a tax ...

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