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India’s power plants set to miss emissions deadline

Bloomberg Ten coal-fired power plants near India’s capital of New Delhi are poised to miss a December deadline to install pollution control devices that would have curbed premature deaths linked to toxic emissions. Eight of the plants, whose operators include Vedanta Ltd, Larsen & Toubro Ltd (l&T) and Uttar Pradesh Power Corp, have yet to order the required flue-gas desulfurisation ...

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China’s e-car makers face subsidy cut threat

Bloomberg Shares of Chinese electric-car makers fell in the wake of a Bloomberg News report that said regulators may cut subsidies further on the embattled industry. BYD Co, China’s biggest maker of new energy vehicles, slid 2.8% in Hong Kong. BAIC BluePark New Energy Technology Co, the country’s biggest maker of pure electric cars, retreated 2.9% in Shanghai, while Contemporary ...

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Birla’s aluminum giant posts fall in profit

Bloomberg India’s Hindalco Industries Ltd posted a 33% decline in quarterly profit as a slide in metal prices and weak demand squeezed margins. Group net income fell to 9.74 billion rupees ($136 million) during the three months ended in September from 14.5 billion rupees a year earlier, the aluminum and copper producer run by billionaire Kumar Mangalam Birla said. Sales ...

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