Bloomberg India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can definitely expect $2 to $3 addition to the refining margin,” Mukesh Kumar Surana, chairman and managing director at Hindustan Petroleum Corp., said in ...

  Bloomberg Cracks are starting to show in China’s labour market as struggling industrial firms leave millions of workers in flux. While official jobless numbers haven’t budged, the underemployment rate has jumped to more than 5 percent from near zero in 2010, according to Bai Peiwei, an economics professor at Xiamen University. Bai estimates the rate may be 10 percent ...

  Dubai / Emirates Business As the world’s leading trade show for consumer electronics, IFA 2016 will be a platform for forward-looking technology brands to showcase their innovations from September 2 to 7. Ahead of the much sought-after show by technology tastemakers and influencers, LG sheds light on the various consumer trends that will be reflected at the show. While ...