Bloomberg Baidu Inc.’s iQiyi is targeting a US initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the matter say. The company controlled by search giant Baidu is about to kick off negotiations with banks and deal arrangers and is shooting for ...

Bloomberg India’s Prime Minister Narendra Modi unveiled a 163.2 billion-rupees ($2.5 billion) programme to ensure electricity for all households. The programme will help poor people get electricity connections at no cost, Modi said in a speech in New Delhi on Monday, adding that his government is making efforts to provide power to about 3,000 unelectrified villages. The nation will aim ...

Bloomberg India’s top iron ore miner NMDC Ltd. is looking to sell a stake of at least 49 percent in its Chhattisgarh steel plant, as it prepares to begin production at the 3-million-ton facility in three to six months, according to a company official. The state-run miner is seeking a partner for its first steel venture, which has been eight ...