Bloomberg The billionaire founder of Paytm emerged unscathed in a crucial test of investor confidence, with a forceful majority of shareholders voting to keep him at the helm of the fintech pioneer that made one of the worst market debuts in Indian history. An emphatic 99.67% of shareholders voted to maintain Vijay Shekhar Sharma as the managing director and ...

  Bloomberg India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from the US surges and they become more accepted in other markets. Exports of polished lab-grown diamonds may double in the current financial year started from April 1 from $1.3 billion in the prior year, ...

  Bloomberg Singapore’s inflation is seen to remain elevated until the first quarter of next year and the central bank will probably tighten further at the October review, according to a Bloomberg survey of economists. Headline and core inflation forecasts show a quickening into yearend, before both measures start to ease in the January-March period and slip below 4% from ...

  Bloomberg API Holdings Ltd, owner of India’s largest online pharmacy PharmEasy, has withdrawn its preliminary filing for an initial public offering, citing market conditions and strategic considerations. The Mumbai-based company is planning to raise funds via a rights issue for convertible preference shares, according to an announcement to investors seen by Bloomberg News. The price is expected to be ...

  Bloomberg Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region. Temperatures above 40 degrees Celsius (104 degrees Fahrenheit) and scant rainfall, along with surging demand for air conditioning, have caused gaps in ...

  Bloomberg The US and South Korea began on Monday their biggest joint military exercise in about five years, after a hiatus on large-scale drills failed to entice North Korea’s Kim Jong Un to make concessions in disarmament talks. The drills known as Ulchi Freedom Shield are expected to involve thousands of military personnel, and will run for two weeks. ...

Bloomberg President Vladimir Putin called the car bomb that killed the daughter of Russian nationalist political ideologue Alexander Dugin a “dastardly” crime, and the Federal Security Service blamed it on Ukraine, which rejected the accusation. The car bombing that killed Darya Dugina was a “dastardly, brutal crime,” Putin said in a message of condolence to her father, a far-right political ...

  Bloomberg Raila Odinga, who narrowly lost Kenya’s August 9 presidential elections, filed a lawsuit challenging the outcome after alleging that the process had been marred by rigging and counting irregularities. None of the candidates garnered the outright majority of valid votes cast needed for victory, according to a 72-page petition filed with the Supreme Court. Based on this and ...

  Bloomberg Serbia will negotiate with Kosovo over the next 10 days to try to resolve a dispute affecting tens of thousands of local Serbs who face a September 1 deadline to change their identity cards and car plates. Kosovo’s demand that members of the Serb minority adopt documents issued by the predominantly ethnic-Albanian government in Pristina triggered tensions last ...

  Bloomberg The judge who approved the search of former President Donald Trump’s Florida estate said “intense public and historical interest” in the FBI affidavit backing the warrant justified making an effort to unseal portions of it. US Magistrate Judge Bruce Reinhart in West Palm Beach, Florida, issued a written order Monday affirming his finding from a hearing last week ...