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Gates Foundation hires Tata official as India policy head

Bloomberg The Bill & Melinda Gates Foundation has hired a senior executive from Tata Group, India’s largest business group, for its operations in the country. Sanjay Ubale, head of infrastructure and urban solutions at the conglomerate’s holding company Tata Sons Pvt, will be joining Bill & Melinda Gates Foundation as policy director in its India office, Archana Vyas, deputy director ...

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$42bn slump makes auto stocks worst sector in India

Bloomberg India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over. A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the worst-performer among 19 sector indexes in the nation’s equity market this year. That’s as the benchmark ...

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Bharti Airtel plans IPO for its $5bn Africa arm

Bloomberg Bharti Airtel Ltd, India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion, people familiar with the matter said. Airtel Africa is planning to make a formal announcement about the London listing this month and aims to start trading in June, the people ...

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