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Reliance Jio becomes top telecom services provider in India

Bloomberg Reliance Jio Infocomm Ltd won more subscribers to become India’s biggest telecom operator, as companies prepare for the planned rollout of a 5G network next year. Reliance Jio’s subscriber base grew to 331.3 million in the quarter ended in June, the company reported. That’s higher than nearest rival Vodafone Idea Ltd, which said its users fell to 320 million ...

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Yahoo Japan, Askul clash over ‘stake sale’

Bloomberg Askul Corp plans to exercise its right to demand Yahoo Japan sell its 45 percent stake, escalating a public dispute between two major Japanese internet companies. CEO Shoichiro Iwata said he intends to propose the move at a board meeting scheduled for August 1. Whether the online retailer can force a sale hinges on the interpretation of an agreement ...

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China’s industrial profits decline

Bloomberg Profits at China’s industrial companies decreased, highlighting the headwinds faced by the world’s second-largest economy. Industrial firms’ profits fell 3.1 percent in June from a year earlier, the National Bureau of Statistics said. Changes to how the data has been collected have made economists question the accuracy of the release. China’s economic growth slowed to its weakest pace since ...

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