Bloomberg Billionaire Anil Ambani’s battle to chip away at the $7 billion his telecom company owes its debtors seems to get harder with each passing day. The failure of a plan to merge with rival Aircel Ltd. to gain scale and pare borrowings has sent Reliance Communications Ltd. back to the drawing board to stitch together alternate deals to sell …

Bloomberg India is pushing to renegotiate more liquefied natural gas deals after its success in reaching agreements with some of the world’s largest energy suppliers. GAIL India Ltd., the nation’s biggest gas utility, is working towards renegotiating two more long-term deals, according to the company’s chairman. Those would follow new deals with Qatar’s RasGas Co. in 2015 and Exxon Mobil …

Bloomberg Amazon.com Inc. was hit by a European Union order to pay 250 million euros ($294 million) plus interest in back taxes to Luxembourg as the world’s biggest online retailer became the latest US giant to fall foul of the bloc’s state-aid rules. The European Commission also said it’s suing Ireland for foot-dragging in its efforts to recover “even part” …