Bloomberg An Indian state agency released nearly 27,000 Vivo Mobile Communications smartphones for export after withholding the shipment for more than a week over alleged rule violations. The federal finance ministry’s revenue intelligence unit allowed the Chinese company to collect the devices it was holding at the New Delhi Airport over an alleged mis-declaration of phone models and their ...

  Bloomberg Walmart Inc-owned digital payments brand PhonePe is seeking to raise as much as $1 billion from General Atlantic and existing investors including Tiger Global Management, Qatar Investment Authority and Microsoft, people familiar with the matter said, even as global funding dries up for startups. The all-equity round is expected to close in the next two weeks and may ...

  Bloomberg I-Tail Corp Pcl, Thailand’s top pet food maker, ended lower in its trading debut after the country’s second-largest initial public offering this year. Shares of the Bangkok-based company closed at 31 baht, 3.1% below its IPO price of 32 baht, erasing gains of as much as 5.5% earlier. The unit of frozen and seafood products maker Thai Union ...