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Flipkart billionaire’s exit puts corporate India on notice

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

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Glut of Indian sugar hits London bourse after futures expiry

Bloomberg A glut of sugar from India, the world’s second-largest producer, has hit the London exchange as traders sold the sweetener to settle the expiration of December futures. ED&F Man Holdings Ltd. took delivery of about 350,000 metric tons of white sugar, with Singapore-based trader Wilmar International Ltd. selling the majority, said people familiar with the process, who asked not ...

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Volvo Polestar targets China as its fight with Tesla looms

Bloomberg Volvo Cars’ performance electric-vehicle brand sees China as its greatest opportunity even as it’s set to face stiff competition from Tesla Inc. The unit, Polestar Performance AB, expects to get as much as half of its sales from the country after it rolls out three models by 2021, said Thomas Ingenlath, the brand’s global chief, at the Guangzhou auto ...

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