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Moon-mission glitch sets India back in global space race

Bloomberg India was forced to put on hold its second mission to the moon after discovering a glitch at the last moment, a setback to its ambitious plan to become the first nation to land on the south pole of Earth’s closest neighbor. The mission, called Chandrayaan-2, which means “moon vehicle” in Sanskrit, was cancelled 56 minutes before its scheduled ...

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Investors await Suzlon bond payout

Bloomberg Investors in Indian corporate debt are watching whether a stressed wind-turbine maker will repay its dollar-denominated convertible bonds due on Tuesday, and help avoid further widening of strains in the nation’s credit market. Suzlon Energy Ltd, which became India’s biggest convertible note defaulter when it missed payments in 2012, must repay $172 million outstanding on such securities that were ...

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Netease seeks $300m IPO of Youdao arm

Bloomberg Netease Inc is planning an initial public offering in the US of its Youdao arm that could raise at least $300 million, people familiar with the matter said, propelling its expansion into a crowded online education arena. The company is working with Morgan Stanley and Citigroup Inc on the share sale with a goal to list as early as ...

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