Bloomberg Reliance Industries said it will acquire the retail, wholesale, logistics and warehousing units of India’s Future Group for 247.1 billion rupees ($3.4 billion), in a transaction that will propel Mukesh Ambani’s ambitions to dominate India’s retail sector. Future Group will merge some of its remaining businesses into Future Enterprises, Reliance Retail Ventures said. Ambani’s unit will then invest 12 ...

Bloomberg Indonesia’s efforts to revive the economy took a stumble as virus outbreaks forced factories in one of its biggest manufacturing hubs to shut. South Korea’s LG Electronics Inc, and Japan’s Suzuki Motor Corp and NOK Corp were told to stop operating their facilities in Cikarang, West Java, after more than 300 workers at the industrial area tested positive for ...

Bloomberg Xiaomi Corp’s shares leapt 11.4% after inroads into the Chinese market for high-end smartphones and strong growth overseas helped the company report better-than-expected profit. The stock climbed its most in two years in Hong Kong, taking its 2020 gains to 98% last week. The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in ...