Bloomberg Two Indian corporate bonds changed hands at yields of more than 40%, underscoring risks from a shadow banking crisis that’s spilling over into the economy and the rest of the credit market. Indiabulls Housing Finance Ltd’s September 2021 rupee note traded at a record 43.04% while Vodafone Idea’s January 2022 bond traded at 42.91%, exchange data show. Indiabulls’ bond ...

Bloomberg India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan, are part of efforts to expand the country’s renewable capacity and reduce the share ...

Bloomberg South Korea’s economic growth may miss the government’s target of 2.4% to 2.5% this year, Yonhap News Agency reported, citing the finance minister. Growth is more likely to meet the projections of International Monetary Fund and the Organization for Economic Cooperation & Development, the news agency cited Hong Nam-ki as saying in Washington, where the Group of 20 nations’ ...