Bloomberg Navi Technologies Ltd, the fintech startup founded by technology billionaire Sachin Bansal, has filed initial documents for a 33.5 billion-rupee ($440 million) initial share sale, a sign India’s technology startup industry hasn’t fully lost IPO momentum. Navi’s IPO will consist entirely of new shares, according to its draft prospectus, meaning that all proceeds will be plowed directly back ...

  Bloomberg South African carrier Comair Ltd remained grounded after being suspended indefinitely by the country’s aviation regulator pending a review of concerns raised about safety. The operator of IAG SA-owned British Airways (BA) flights in the country and the domestic low-cost airline Kulula has provided a response that is being reviewed, the Civil Aviation Authority said. The ruling follows ...

Bloomberg Prada SpA reported a rebound in full-year earnings but said the war in Ukraine makes it difficult to predict results this year. Operating profit rose to 489 million euros ($535 million) in 2021, the company said. That beat the average analyst estimate of 419 million euros and was back above pre-pandemic levels. The luxury-goods industry is bracing for a ...

  Bloomberg It has survived 150 years of changing fashion, seen off the hippies and spared many men the dilemma of deciding what to wear, but the pandemic proved the final nail in the coffin. The men’s suit has officially been retired from the male wardrobe. That’s the sartorial verdict of the UK Office for National Statistics (ONS), which has ...

Bloomberg US officials say Russia has asked China for military assistance for its war in Ukraine, a sign that the Biden administration is increasingly concerned about the role Vladimir Putin’s most powerful diplomatic partner could play in the conflict. A US official, speaking on condition of anonymity to discuss delicate matters, did not specify what kind of equipment Moscow had ...

Bloomberg A London mansion owned by members of Russian billionaire Oleg Deripaska’s family has been occupied by protesters opposing the invasion of Ukraine, sparking a confrontation with police. The group made their way into the home on Belgrave Square — one of the city’s most affluent districts, according to a member of the group, who declined to give his name. ...

  JAKARTA / WAM A strong quake struck off the west coast of Indonesia’s Sumatra island early on Monday, sending residents fleeing from their homes, but no damage or victims were reported immediately. The shallow 6.7-magnitude earthquake hit at 4:06 am at a depth of 21 kilometres, with its epicentre 167 kilometres west of the coastal city of Pariaman, the ...

Bloomberg North Korea could launch an ICBM as soon as this week, the Yonhap News Agency reported, in what would be its most serious provocation in five years as South Korea undergoes a presidential transition and the world focuses on Russia’s invasion of Ukraine. South Korea and the US have detected signs of an imminent test of an intercontinental ballistic ...

Bloomberg Hong Kong doesn’t have the infrastructure to roll out a lockdown and compulsory testing as swiftly as mainland China, according to Chief Executive Carrie Lam, whose announcement of a now-delayed city-wide test sparked chaos and confusion in the financial hub. The 17.5 million residents of the southern Chinese technology hub of Shenzhen were told that they’d go into a ...

  Bloomberg The Philippines said a Chinese Navy ship entered waters within the archipelago without permission earlier this year, potentially expanding a territorial dispute beyond the South China Sea. The ship lingered in the Sulu Sea, which is surrounded by undisputed territory in the Philippine archipelago, for three days from late-January to early-February despite being challenged by a Philippine Navy ...