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Strike over Modi’s policies disrupts banks, transport

Bloomberg India’s transport and banking services were disrupted on Wednesday as millions of employees joined a strike called by the country’s major trade unions to protest against prime minister Narendra Modi’s economic policies. About 250 million people across at least 12 states including Kerala, West Bengal, Bihar, Odisha and Assam participated in the nationwide strike, said Tapan Sen, general secretary ...

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China’s Citic tightens grip over CLSA unit

Bloomberg Citic Securities Co is tightening control over its CLSA Ltd unit, following an exodus of staff and top executives from the Hong Kong brokerage last year amid a clash over corporate culture and bonus levels. China’s biggest broker is creating a “coordination committee” at CLSA, which will include its president Yang Minghui and Chairman Zhang Youjun, according to people ...

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India court revives overseas probe into tycoon Adani’s firms

Bloomberg India’s Supreme Court revived the nation’s revenue department’s bid to investigate billionaire Gautam Adani’s companies, which the agency claims got undue tax benefits by overvaluing coal imports. A three-judge bench headed by Chief Justice SA Bobde on Wednesday put on hold a lower court’s ruling, effectively allowing the revenue office to seek information on the case from overseas. The ...

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