BLOOMBERG Aéroports de Paris (ADP) and GMR Airports Infrastructure Ltd agreed to fold their joint-venture company into GMR, giving ADP a liquid stake in a business that owns airfields in India. ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd, according to a statement from the French company, which operates Paris’s Charles de …

BLOOMBERG India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure. The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will …

BLOOMBERG Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months. Lenders held the one-year loan prime rate at 3.65% and left the five-year rate, a reference for mortgages, flat at 4.3%, according to a statement released by …