Bloomberg Nearly 10 months after India’s unprecedented ban on high value notes that was designed to tackle entrenched corruption, bribery continues to oil the wheels of business in Asia’s third-largest economy, according to a US risk management firm that advises foreign investors. Gifting of land, houses, luxury watches and sponsoring expensive travel abroad are now the preferred bribes as tax ...

Bloomberg The world’s first diamond futures exchange begins trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. “Indian manufacturers most require this type of financial product,” said Sanjit Prasad, managing director of the Indian Commodity Exchange Ltd. India carries the price risk of holding huge inventories of ...

Bloomberg ­­­­­­­­­­­­­­­ US President Donald Trump’s strategy for the nation’s longest-running war in Afghanistan will meet the same fate as the plans of his predecessors, according to Pakistan’s Prime Minister Shahid Khaqan Abbasi. Failure. “From day one we have been saying very clearly the military strategy in Afghanistan has not worked and it will not work,” Abbasi, who took over ...