BLOOMBERG Goldman Sachs Group Inc plans to ramp up its credit business in India and sees an increasing opportunity to target the nation’s wealthy diaspora as global investors shift their focus from China to what is now the world’s fastest-growing major economy. The investment bank wants to broaden the range of loans it offers through its shadow banking unit, according ...

BLOOMBERG Amazon.com won its legal battle with European Union (EU) competition watchdogs over a €250 million ($272 million) tax bill as the bloc’s top court cast more doubt on an EU crackdown on nations accused of giving some firms special treatment. The EU’s Court of Justice said the European Commission failed to establish that a tax arrangement between Amazon and ...

BLOOMBERG Hennes & Mauritz AB’s revenue fell as consumers pulled back on spending at H&M clothing stores and after the chain closed stores in Russia. Sales fell 4% in the three months through November at constant currencies, the company said, in line with analysts’ expectations. The company has lost the sales growth momentum it last demonstrated in the first half ...