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Wanda to quadruple China malls in rebuff to e-commerce

Bloomberg Chinese billionaire Wang Jianlin vowed to quadruple the size of his shopping-mall empire, betting that retailers will thwart the advance of e-commerce competitors by adding entertaining experiences in stores and mini-theme parks. The Dalian Wanda Group Co. chairman plans to have 1,000 shopping malls covering more than 90 percent of China’s cities within a decade, according to remarks he ...

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India’s Maruti Suzuki set to become next Nifty stock

Bloomberg Maruti Suzuki India Ltd. is set to become the third stock in an equity index of the nation’s top 50 companies to cross the 10,000-rupee mark, thanks to this year’s record-setting rally. Shares of the carmaker, which accounts for about half of all cars sold in India, rose as high as 10,000 rupees for the first time on Wednesday. ...

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Reliance Communications bondholders organise after default

Bloomberg Bondholders of Reliance Communications Ltd., the embattled Indian mobile phone operator controlled by billionaire Anil Ambani, have hired advisers after the company defaulted on its dollar-denominated notes in November. Certain investors holding a significant percentage of the securities have formed a committee, which has appointed PJT Partners Inc. as its financial adviser and Kirkland & Ellis LLP as its ...

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