Bloomberg India will spend $10 billion annually on new power transmission lines to satisfy growing demand in under-served areas, according to the country’s largest private power-grid operator. The country lacks sufficient transmission infrastructure to link its increasing generation capacity to areas of burgeoning consumption, said Pratik Agarwal, chief executive officer at Sterlite Power Transmission Ltd. The central government may ...

  Bloomberg India’s dominant services sector is set to contract for a second straight month, adding to evidence that Prime Minister Narendra Modi’s surprise ban on cash will trigger a sharp slowdown in Asia’s No. 3 economy. The Nikkei India Services Purchasing Managers’ Index was at 46.8 in December, a report showed on Wednesday, little changed from 46.7 a month ...

  Bloomberg Heavy smog has blanketed a third of China’s cities, including its capital Beijing, with 62 issuing health alerts since Jan. 1, officials said. The hazardous air has forced hundreds of flight cancellations or delays and is forecast to linger into the weekend in some areas. The concentration of PM2.5 particles — which pose the greatest health risks because ...