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Reliance to buy Google-backed Indian e-commerce tech startup

Bloomberg Reliance Industries Ltd. agreed to buy an Indian technology startup funded by Google, scooping up an inventory-management platform and adding to the list of smaller deals the conglomerate has assembled to take on Amazon.com Inc. Billionaire Mukesh Ambani’s group agreed to buy a controlling stake in Shopsense Retail Technologies Pvt, which operates the Fynd platform, according to a statement ...

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India’s Vedanta plans to raise aluminum capacity

Bloomberg India’s biggest aluminum producer Vedanta Ltd. is prioritising controlling costs as it embarks on expanding capacity, according to CEO. Vedanta plans to double alumina capacity at its refinery in the eastern state of Odisha to 4 million tons over the next 2.5 years and raise aluminum smelter production capability by 30% to 3 million tons “at an all-in cost ...

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Occidental Petroleum bond order book hits $75 billion

Bloomberg Occidental Petroleum Corp. has received over $75 billion in orders for its bond sale to help finance its acquisition of Anadarko Petroleum Corp., according to people familiar with the matter. It’s the biggest demand for a debt deal since Saudi Arabia’s Aramco received more than $100 billion in orders in April and a sign that investors are willing to ...

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