Bloomberg Ride-hailing startup Ola has selected banks including Citigroup Inc and Kotak Mahindra Bank Ltd to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp and Tiger Global Management, has also picked Morgan Stanley for the listing, said the people, who asked not ...

Bloomberg NetEase Inc is in final negotiations to poach Yakuza franchise creator Toshihiro Nagoshi from Sega, a sign of how Chinese games companies are expanding beyond their home turf during a government-led crackdown. The hire from Sega Sammy Holdings Inc would mark the biggest coup in a contest between NetEase and close rival Tencent Holdings Ltd to scoop up video ...

Bloomberg Sri Lanka’s volatile dollar bonds are set to jump the most in Asia this month after its central bank unexpectedly raised interest rates earlier in August in a move that may help boost the country’s foreign exchange reserves. But default concerns remain for the notes, with S&P Global Ratings last week cutting the outlook on its junk CCC+ ratings ...