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Brookfield buys Reliance mobile tower biz for $1.6bn

  Mumbai / AFP Indian internet and telecoms company Reliance Communications said on Wednesday it had agreed to sell its mobile phone tower business to Canadian asset management giant Brookfield for $1.6 billion. Reliance Communications said the deal represented the largest investment by a foreign investor in Indian infrastructure and comes as Brookfield seeks to capitalise on liquidity constraints at ...

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Mistry wants Tata barred from board meetings

  Bloomberg Cyrus Mistry, the ousted chairman of Tata Sons Ltd., wants an Indian court to restrain the family scion from attending board meetings, according to a filing made by the executive against his abrupt dismissal from the post. Mistry also asked the National Company Law Tribunal to appoint an administrator to manage Tata Sons, according to the filing seen ...

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China demands emission cuts as year’s worst smog chokes Beijing

  Bloomberg China called for better coordination to cut emissions after a sixth day of heavy smog engulfed much of the northern part of the country and spurred the year’s highest alert. With the toxic haze shrouding the capital Beijing, coastal Tianjin, and surrounding Hebei province, the environmental protection ministry called for cities to coordinate anti-emission measures such as halting ...

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