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Cyclone weakens as India and Bangladesh restore utility services

Cyclone fani in bangladesh

Bloomberg Authorities launched a massive restoration-and-relief effort after Cyclone Fani left a trail of damage in eastern India and Bangladesh. At least 16 people were killed in India as the storm lashed the states of Odisha and West Bengal, before weakening and entering into Bangladesh, the Press Trust of India reported. The death toll in Bangladesh stood at 14, the ...

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Gates Foundation hires Tata official as India policy head

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Bloomberg The Bill & Melinda Gates Foundation has hired a senior executive from Tata Group, India’s largest business group, for its operations in the country. Sanjay Ubale, head of infrastructure and urban solutions at the conglomerate’s holding company Tata Sons Pvt, will be joining Bill & Melinda Gates Foundation as policy director in its India office, Archana Vyas, deputy director ...

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$42bn slump makes auto stocks worst sector in India

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Bloomberg India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over. A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer among 19 sector indexes in the nation’s equity market this year. That’s as the benchmark ...

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