Bloomberg Storm Nivar over the Bay of Bengal was expected to turn into a “very severe cyclone” by Wednesday night and may cause widespread damage to crops, mud houses and electricity poles in some southern Indian states. The storm, which is likely to have a sustained wind speed of 120 to 130 kilometres (75-81 miles) per hour, will cross Tamil ...

Bloomberg JD Health International Inc is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record. The healthcare unit of China’s No. 2 e-commerce giant JD.com Inc is selling 381.9 million shares at HK$62.8 to HK$70.58 each, according to terms of the deal obtained by ...

Bloomberg Indian Hotels Co, the luxury hotel chain run by the Tata Group, used the coronavirus-imposed lockdown to see where it could save costs. “This was the historic opportunity to review our fixed and variable costs,” CEO Puneet Chhatwal said. “The industry never experienced such a revenue decline in last 100 years.” The firm, which owns the iconic Taj brand ...