Toyota Motor Corp., Volkswagen AG, General Motors Co. and Renault-Nissan Group are the giants of the global industry, each selling about 10 million cars a year and together accounting for almost half of the passenger vehicles produced by major manufacturers worldwide. In India, though, they’re minnows, with a combined market share that’s not much above 10%. To make matters …

  Prime Minister Narendra Modi has reason to be wary of ambitious reforms to India’s economy, given the fraught rollout of his plan to ban 500- and 1,000-rupee notes overnight. For his country to reach its true economic potential, however, he will need to do something about India’s ailing state banks. These institutions, which account for more than 70 percent …

  US President Donald Trump issued a revised order restricting people from six Muslim-majority countries from entering United States. The new directive, which is effective from March 16, excludes Iraq and allows those having current US visa to travel freely. Like the previous order issued on January 27, the new one bans all refugees for 120 days, but Syrian refugees …