Bloomberg A VTB Capital-led consortium has offered to match ArcelorMittal’s 420 billion rupee ($5.8 billion) bid for Essar Steel India Ltd., heating up the long drawn battle for the biggest steel mill being sold under India’s new bankruptcy law. Numetal Ltd., the consortium led by VTB, is willing to revise its earlier bid of 370 billion rupees for the 10 ...

Bloomberg East Japan Railway Co., which operates major rail lines in the Japanese capital, planned to suspend all train services in the Tokyo area on Sunday in preparation for Typhoon Trami, which is hitting the southwest of the country. Kansai International Airport, which serves the greater Osaka area in western Japan, closed two runways from 11 am on Sunday through ...

Bloomberg India’s monsoon, which accounts for more than 70 percent of annual precipitation, missed a forecast for normal rainfall for a second year. Showers totalled 804 millimeters — or about 91 percent of the 50-year average — in the June to September period, data from the India Meteorological Department showed. The bureau had maintained a forecast of 97 percent in ...