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Tata’s new chairman vows to improve capital allocation

  Bloomberg Natarajan Chandrasekaran took over as chairman of Tata Sons Ltd., the holding company of Tata Group, pledging to improve capital allocation and boost returns from the $100 billion salt-to-software Indian conglomerate. The challenge for Chandrasekaran, or Chandra as he’s known, will be to rekindle growth and revive Tata’s weaker units after almost four months of boardroom turmoil that ...

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Singapore plans Southeast Asia’s first carbon tax from 2019

  Bloomberg Singapore plans to implement Southeast Asia’s first carbon tax starting in 2019, a move that would raise energy costs in the island nation and require more than 30 big polluters such as power plants to pay the levy. The proposal would charge between S$10 ($7) and S$20 a ton on emissions of carbon dioxide and five other greenhouse ...

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Hong Kong developers advance ahead of budget speech

  Bloomberg Hong Kong property stocks extended gains ahead of the city’s annual budget speech on Wednesday, as some analysts anticipated announcements that would benefit developers. Property companies were the biggest gainers on the Hang Seng Index, with Sun Hung Kai Properties Ltd. climbing almost 3 percent and Henderson Land Development Co. advancing 1.4 percent, both on volume that was ...

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