Bloomberg Huawei Technologies Co.’s revenue growth accelerated in the first half as upgraded smartphones and network gear helped China’s largest vendor of telecommunications equipment counter deteriorating demand. The world’s third-largest smartphone brand grew revenue 40 percent to 245.5 billion yuan ($37 billion) in the first six months, the Shenzhen-based company said in a statement. That’s up from the 30 …

  Bloomberg Indian Railways plans to rack up debt to help fund an unprecedented modernization plan. Some 2.5 trillion rupees ($37 billion) of debt is required in the five years through 2020, according to Railway Minister Suresh Prabhu. That’s more than triple the 692 billion rupees of outstanding Indian Railway Finance Corp. bonds. The network is also exploring non-fare revenue …

  AFP GAIL India Ltd. is seeking to defer a 20-year contract to buy liquefied natural gas from Gazprom PJSC until the Russian company’s Shtokman project begins production, officials at the South Asian country’s biggest gas transporter said. New Delhi-based GAIL signed a contract in 2012 to buy 2.5 million metric tons a year of LNG from Gazprom starting in …