Bloomberg India is planning to create a state-owned oil giant through mergers to match the might of international companies and billionaire Mukesh Ambani’s Reliance Industries Ltd. “We see opportunities to strengthen our central public-sector enterprises through consolidation, mergers and acquisitions,” Finance Minister Arun Jaitley said in Parliament while presenting the federal budget for the year beginning April 1. “It ...

  Bloomberg World leaders aren’t taking Donald Trump’s trade barbs lying down. After the US president said Germany and Japan are gaming foreign-exchange markets to win favorable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel on Tuesday in pushing back and leading a global counter-charge to the accusations. “A massive clash is starting to emerge with ...

  Bloomberg Apple Inc. is considering taking legal action against an executive order signed by US President Donald Trump that halted entry by persons from seven predominantly Muslim countries, the Wall Street Journal reported, citing Chief Executive Officer Tim Cook as saying. America’s largest corporation will continue to press the White House to reverse the order, Cook told the newspaper ...