Bloomberg India has been wooing Tesla Inc. to set up a factory on its soil, but billionaire Elon Musk isn’t falling for it. At least not yet. In a tweet, the CEO of the electric-vehicle maker said a restrictive policy environment in the South Asian country is proving to be a hurdle for local production. Earlier this month, the Palo ...

Bloomberg An Indian court halted bankruptcy proceedings ordered two weeks ago for Reliance Communications Ltd., or RCom, after the debt-laden wireless operator and the local unit of Ericsson AB agreed to settle a dispute over unpaid dues. The National Company Law Appellate Tribunal put a freeze on the 270-day insolvency process that had been triggered by a May 15 court ...

Bloomberg Malaysia will implement a new sales tax in September to replace the consumption levy that it’s scrapping next month as Prime Minister Mahathir Mohamad looks for ways to temper concerns on the nation’s budget. The government is studying a 10 percent rate for the sales and services tax, he told reporters in Putrajaya after a Cabinet meeting. Ministers also ...