Bloomberg An Indian court halted Vedanta Ltd.’s takeover process for Electrosteel Steels Ltd. after a challenge by Renaissance Steel Ltd., a rival bidder. The National Company Law Appellate Tribunal has agreed to hear Renaissance Steel’s appeal against Vedanta’s revival plan for indebted Electrosteel on May 17, posing a legal hurdle for the first large steel defaulter to complete the bankruptcy ...

Bloomberg Apple Inc. turned in a strong quarter with revenue, profit and forecasts all coming in ahead of analysts’ estimates. But that isn’t necessarily good for the hundreds of iPhone suppliers around the world, contrary to the market’s knee-jerk reaction. Apple’s better-than-expected results stemmed in part from the sale of ancillary goodies from games to cloud storage. None of those ...

Bloomberg Australian authorities are formulating plans that would force public companies to reveal the proportion of women at various levels of their organisations, as well as steps they’re taking to increase female representation. ASX Ltd., which operates the country’s main stock exchange, wants businesses to formulate and disclose diversity policies, and also set representation targets for their boards, senior executives ...