Bloomberg Billionaire Kumar Mangalam Birla’s Idea Cellular Ltd. plans to raise more than $1 billion to strengthen its war chest as competition in the world’s second-largest telecom market intensifies. The company, which is poised to merge with Vodafone Group Plc’s India unit to form the nation’s biggest wireless carrier, will raise $513 million by selling shares to its founders, according ...

Bloomberg Gold imports by India, the world’s second-biggest market after China, surged 37 percent in December after falling for three straight months, according to a person familiar with the data. Inward shipments increased to 77.7 metric tons from 56.9 tons a year ago, the person said, asking not to be named as the information isn’t public. In value terms, purchases ...

Bloomberg Officials from the US and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat. The US presented proposals to improve auto exports and lift trade barriers during a meeting with South Korea counterparts in Washington, Trade Representative Robert Lighthizer ...