Bloomberg India’s top investigating agency arrested the founder of Videocon Group Venugopal Dhoot, after it arrested Chanda Kochhar, a former chief executive officer at ICICI Bank Ltd, and her husband Deepak Kochhar on charges related to alleged improper lending. Dhoot was called in for questioning and arrested by the Central Bureau of Investigation (CBI), according to his lawyer Sandeep ...

  Bloomberg Profits at industrial firms in China declined in the first 11 months of the year, as production slowed and factory-gate prices fell amid Covid disruptions. Industrial profits in the January-November period fell 3.6% from a year earlier, the National Bureau of Statistics (NBS) said. That compared with a decline of 3% in the first 10 months of the ...

  Bloomberg Apple faces about $98 million in back taxes in Japan, a bill that appears to be tied to bulk sales of duty-free devices to foreign tourists, Nikkei reported. Japan’s tax-free shopping for visitors staying less than six months doesn’t apply to purchases for resale purposes, according to the report. At least one transaction at an Apple store involved ...