Bloomberg The Indian government’s $8.7 billion purchase of French warplanes was cheaper than a bid negotiated under the previous government, the country’s auditor said, potentially weakening an opposition campaign alleging corruption ahead of federal polls. Prime Minister Narendra Modi bought 36 Rafale fighters in 2015 from Dassault Aviation SA at 2.86 percent lower than the price negotiated by the former ...

Bloomberg Carlos Ghosn replaced his legal team in Tokyo as he prepares for a trial on the financial-misconduct allegations that have shocked the global car industry and kept the former Nissan Motor Co. chairman in jail for almost three months. Ghosn said on Wednesday he hired Junichiro Hironaka to be his new lawyer and help him with the “trial phase” ...

Bloomberg India billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. has gathered a consortium of Asian, US and European banks to fund its takeover of aluminum producer Aleris Corp. Novelis Inc., the US unit of Hindalco, has mandated a 20-strong bank group to arrange a $2.28 billion dual-tranche loan that will finance the purchase of US-based Aleris, according to people familiar ...