There’s an expanding bad-debt crisis in India. There’s also a related spectacle surrounding the owner of a failed airline with $1.4 billion in unpaid loans. No prizes for guessing which makes for healthier television ratings. Neither the Indian government nor the main opposition party lost much time in taking credit after Vijay Mallya, a business tycoon and founder of …

  Amazon and Wal-Mart might once have existed in parallel universes, but these days they’re in a price war. Both giants are now seeking to make acquisitions to compete on the other’s turf. Amazon.com Inc. is going to have a significant brick-and-mortar presence. The only remaining question is when and how. Perhaps it’ll be a new high-tech store created by …

  Bloomberg Saudi Arabia will transfer airports to its sovereign wealth fund by mid-2018, as part of a nationwide privatization drive spurred by low oil prices. Airports will be turned into companies before being handed over to the Public Investment Fund, to help improve accountability, Faisal Al-Sugair, chairman of Saudi Civil Aviation Holding Co., said in a phone interview. The …