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Turmoil deepens at India’s Tata group

  Bloomberg The acrimonious battle at India’s largest conglomerate is showing no signs of resolution as more officials resigned amid reports that an attempt at mediation between the scion of the founding family and ousted head of Tata Sons Ltd. has started. Tata Group Chief Human Resources Officer N.S. Rajan resigned on Friday, according to a company spokesman. On Saturday, ...

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S’pore mall vacancies jump to highest in a decade

  Bloomberg Singapore mall vacancies rose to the highest level in a decade in the third quarter as an oversupply of shop spaces added to muted spending by shoppers. A gauge of mall vacancies rose 0.6 percent to 8.4 percent in the three months ended Sept. 30, even as rents declined 1.5 percent in the quarter, data from the Urban ...

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Rule changes help India’s oil market act its size

  Reuters Freed from a layer of fusty bureaucracy, India’s state refiners are helping the country evolve an oil market that reflects its status as both the world’s fastest growing major economy and oil consumer. Changes to import rules mean officials from India’s state-owned oil refiners no longer have to stand in the corridors of the Oil Ministry waiting for ...

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