Bloomberg A smartphone in India cost more than $200 just two years ago. Now you can get a decent phone for nothing but a refundable deposit of $23. Data packages are cheap, and a startup company even throws in free voice calls for life. For this, consumers can thank Mukesh Ambani, a 61-year-old petrochemicals titan who is the country’s richest ...

Bloomberg UD Trucks, a Japanese subsidiary of Swedish truckmaker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless technologies to ease a labour shortage. The Japanese company will display autonomous and electric-drive prototypes this year, targeting field and customer trials ahead of the Tokyo Motor Show in 2019, UD ...

Bloomberg Elliott Management Corp., which earlier this month announced it bought about $1 billion in shares of units of Hyundai Motor Group, stepped up its pressure on the South Korean conglomerate by making demands ranging from higher dividends to restructuring the group under a holding company. Elliott’s proposals, which include combining Hyundai Motor Co. with Hyundai Mobis Co. and raising ...