New Delhi / Bloomberg India’s plan to replace energy-intensive appliances with more efficient designs is expected to save as much as 600 billion rupees ($8.9 billion) a year, according to the head of the government arm spearheading the country’s drive. The federal power ministry’s plan to replace incandescent lights with LED bulbs and use energy-efficient irrigation pumps, fans and air ...

  Beijing / Bloomberg China Shipbuilding Industry Co. plans to raise as much as 3.9 billion yuan ($587 million) through a private share sale to reduce debt. The company intends to sell 718 million shares at 5.43 yuan each to its parent, China Shipbuilding Industry Corp., and two wholly owned units of the group, it said in a statement dated ...

  Colombo / AFP Sri Lanka said its trade would be hurt by the United Kingdom’s “nightmare” vote to leave the European Union, with $1 billion in annual exports to the British market now clouded by uncertainty. The South Asian nation famed for its tea and spices is on the brink of signing up to a scheme with the European Union ...