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Nissan seeks $770mn from India for broken tax-break promise

Bloomberg Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the Japanese automaker to set up a factory in the South Asian country. The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said. The company wants $770 million in ...

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India’s Infosys names Salil Parekh as CEO

Bloomberg Indian software-outsourcing giant Infosys Ltd. named outsider Salil S Parekh as chief executive officer, ending the company’s search for a new leader after previous head Vishal Sikka quit following criticism from a group of founders, landing it in uncertainty. Parekh, a member of the executive board at Capgemini SE with degrees from the Indian Institute of Technology and Cornell ...

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Europe to award China ‘holy grail’ with tariff-rules revamp

Bloomberg European industries from steel to solar are bracing for a new set of tariff rules that may make it harder to fend off low-cost imports from China and other foreign countries. European Union governments were due on Monday to rubber-stamp the biggest revamp of the bloc’s method for calculating duties aimed at countering below-cost—or “dumped”—imports. The move is a ...

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