Bloomberg India state-run refiners resumed raising retail gasoline and diesel prices after a three-week hiatus that coincided with the run up to elections in a southern state. Indian Oil Corp., the nation’s biggest fuel maker and de facto price-setter for other state-run refiners, increased prices. That’s the first change since April 24, data on the company’s website showed, and the ...

Bloomberg India’s new bankruptcy law is being bogged down by bitter court room disputes that include the likes of ArcelorMittal and the Tata Group — jeopardising the law’s promise of time-bound resolution in a country famous for its sluggish legal system. None of the 12 large debtor companies that the central bank forced into bankruptcy court in June have been ...

Bloomberg Xerox Corp. called off a $6.1 billion takeover by Fujifilm Holdings Corp. and parted ways with its chief executive officer, handing a major victory to activist investors Carl Icahn and Darwin Deason. In an agreement with the two investors, which together own about 13 percent of Xerox, the US office equipment supplier said CEO Jeff Jacobson will step down ...