Bloomberg With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom. Prime Minister Narendra Modi is seeking to modernise ...

  Bloomberg PLDT Inc is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun. “The discussion also includes the possible replacement of certain projects that will be cancelled, with new projects that will improve revenue growth and customer ...

  Bloomberg India’s top investigating agency arrested the founder of Videocon Group Venugopal Dhoot, after it arrested Chanda Kochhar, a former chief executive officer at ICICI Bank Ltd, and her husband Deepak Kochhar on charges related to alleged improper lending. Dhoot was called in for questioning and arrested by the Central Bureau of Investigation (CBI), according to his lawyer Sandeep ...