BLOOMBERG India said it could raise as much as a record 5.56 trillion rupees ($83 billion) by auctioning mobile-phone airwaves later this year, about four times last year’s proceeds. Prime Minister Narendra Modi’s government plans to sell spectrum across seven wavelengths starting Sept. 29, India’s telecom Secretary J.S. Deepak told reporters in New Delhi on Monday. The estimates of …

  AFP China’s wall of cotton is coming down. Once the world’s biggest grower of the crop, the country lost that crown to India in the season that just ended in July after depressed prices discouraged plantings. China’s sowings are set to drop again in the 12 months that started on Aug. 1, with harvested acres poised for the lowest …

  Bloomberg British Columbia’s decision to impose a 15 percent tax on foreign buyers to cool Vancouver’s scorching housing market is poised to derail more than 400 deals worth millions of dollars and may prompt calls for legal action. At least 427 deals are likely to collapse due to the new measure, according to Dan Morrison, president of the Real …