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World’s largest digital ID plan gets top India court backing

Bloomberg India’s top court has refused to scrap the world’s largest biometric database, upholding the validity of the sprawling digital-identity program but imposing restrictions on its use — including preventing the government from sharing citizens’ data with private companies. Four out of five Supreme Court judges said the program is constitutionally sound for the distribution of state-sponsored welfare subsidies in ...

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SPH, Keppel mull buyout of $1.1bn S’pore carrier M1

Bloomberg Singapore Press Holdings (SPH) and an arm of Keppel Corp. are considering making a general offer for the shares they don’t already own in the city-state’s smallest wireless operator, M1 Ltd., people with knowledge of the matter said. The pair has approached M1’s biggest shareholder, Malaysian carrier Axiata Group Bhd., about the potential transaction, the people said, asking not ...

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China to cut import tariffs on goods to lower ‘tax burden’ on consumers

Bloomberg China will cut import tariffs on goods including machinery, paper, textiles and construction materials from November 1, in a move that would lower costs for consumers and companies as a trade war with the US deepens. The decision will lower tariffs for 1,585 products, state radio reported, citing a meeting of the State Council. The combination of these and ...

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