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India stocks up as court OKs rescue plan for telcos

Bloomberg India stocks climbed after the nation’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth $19 billion. The S&P BSE Sensex traded 1.3% higher at 12:46 pm in Mumbai, with the surge in Bharti Airtel Ltd. helping the gauge break out of a tentative start to the day. The NSE Nifty 50 Index ...

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Evergrande shares fall

Bloomberg China Evergrande Group’s shares fell the most in two weeks after the company said its debt load increased from the end of last year, falling short on a pledge to remake itself as a leaner company. The company’s total debt edged up 4% to 835 billion yuan at the end of June, compared with 800 billion yuan at the ...

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Hamdan issues resolution on tourist camps in Dubai

Dubai / WAM Dubai Crown Prince and Chairman of the Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued Executive Council Resolution No. (24) of 2020 on tourist camps in Dubai. The Resolution seeks to reinforce Dubai’s status as a global holiday destination, regulate the set up and operation of tourist camps and enhance ...

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