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Airtel’s Mittal sees more telecom price pain as India mulls relief

Bloomberg The Indian government is working on a new policy to encourage capital spending and restore the financial health of mobile-phone operators battered by a bruising tariff war, telecom secretary Aruna Sundararajan said. Public consultation will begin by year-end and cabinet approval is expected by March, she said in an interview in New Delhi, declining to share details. Voicing a ...

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China fintech firm plans fate of $500mn IPO

Bloomberg LexinFintech Holdings Ltd., owner of Chinese online lending platform Fenqile, plans to meet advisers to discuss the fate of its proposed US initial public offering, people with knowledge of the matter said. The company aims to decide whether to imminently start its IPO roadshow or wait for a later date when market sentiment may be better, according to the ...

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Singapore aims to bolster its position as centre for debt restructuring hub

Bloomberg Singapore has made “a good start” in its bid to become a debt restructuring hub in the region, with six workout cases filed before its courts after it adopted US Chapter 11-like incentives in local company laws this year, a senior government official said. Indonesian developer PT Bakrieland Development is set to complete its group restructuring after a plan ...

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