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India mulls selling HPCL at not more than 9 percent premium

Bloomberg India is considering a plan to sell its ownership in Hindustan Petroleum Corp. (HPCL) to the nation’s biggest explorer at a premium of not more than 9 percent of the company’s six-month average share price as it seeks to reach a final agreement as early as January 31, according to people with knowledge of the matter. Capping the premium ...

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India’s Hike phones work without ‘data’

Bloomberg WhatsApp rival Hike of India is introducing a version of Android that lets users message, make payments and access information without an active data connection, seeking to offer services to people who aren’t yet able to access the internet. The modified mobile software, called Total, will be available on four devices starting March, Hike said. People will be able ...

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Vertical farming startup Plenty to build indoor farms in China

Bloomberg Vertical farming startup Plenty Inc. plans to build 300 indoor farms in or near major Chinese cities to meet rising demand from the country’s middle-class who are willing to pay more for safer food. The company also plans to set up what it calls experience centres in Beijing and Shanghai so that local residents can taste raw vegetables, Chief ...

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