Bloomberg Uber Technologies Inc will sell Uber Eats in India to local rival Zomato in a $172 million deal, according to a person familiar with the transaction, underscoring the ride-hailing giant’s effort to cut back on loss-making operations. Uber agreed to offload the business in return for 9.99% of the Indian startup, maintaining a foothold in one of the world’s ...

Bloomberg Indian policy makers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home. Investors are speculating about potential steps finance minister Nirmala Sitharaman could unveil when she presents the nation’s budget on February 1. These measures may include freeing up firms to borrow at higher ...

Bloomberg A sale of Indonesian sovereign debt drew the most bids in more than three years, underscoring rising demand for emerging-market assets as trade tensions eased. The ministry of finance received 94.98 trillion rupiah ($7 billion) of offers at an auction of 15 trillion rupiah of government bonds. The level of incoming bids was a record based on data compiled ...