Bloomberg India’s real estate, construction and infrastructure industries are in “deep trouble,” and non-bank finance companies which lend to these sectors should have their asset quality reviewed, former central bank Governor Raghuram Rajan said. There is also “significant distress in rural areas,” Rajan wrote in an opinion piece in India Today magazine. He said India is in a growth recession, …

Bloomberg China will announce the creation of its long-planned national oil and gas pipeline company on December 9, according to people familiar with the matter, as it seals one of its biggest reforms aimed at helping energy supply keep pace with swelling demand. A ceremony to launch the company has been set for 10 am on Monday in Beijing, said …

Bloomberg PG&E Corp has reached a $13.5 billion settlement with victims of wildfires ignited by its power lines, a major step towards resolving the biggest utility bankruptcy in US history. The settlement will cover claims stemming from some of the worst fires to hit Northern California, including the 2017 wine country fires and the 2018 Camp Fire, the company said …