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Bloomberg Reliance Communications Ltd.’s plan to merge with Aircel Ltd. collapsed in a blow to the Indian mobile phone carriers’ plans to pare debt and gain scale to take on bigger rivals. “Legal uncertainties” and “interventions by vested interests” caused delays in regulatory approvals, Reliance Communications said in an exchange filing. Consequently, the merger has “lapsed with mutual consent,” it ...

Bloomberg Go-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies Inc. Co-founder and Chief Executive Officer Nadiem Makarim didn’t specify the countries or services that Go-Jek will target, but said in an interview they will be places with a large population ...

Bloomberg On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. and Pfizer Inc. It’s contained in one sentence: “To prevent companies from shifting profits to tax havens, the framework includes rules to protect the US tax ...

Bloomberg Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity. A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading of 58.2 and is the highest level in more than six and a half years. A ...

Bloomberg As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his insurance company would agree and cut him a check. Despite a dearth of inspectors in southern Texas to review the damage ...

Sharjah / WAM The World Government Summit (WGS) has announced that the Republic of India is the guest of honour for its summit, scheduled for February 11-13, 2018. The World Government Summit said that the hosting of India comes as part of the its endeavor to strengthen its partnerships with countries with pioneering and distinctive experiences in strategic areas that serve ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, has announced its participation at the GITEX Technology Week 2017, marking its 15th consecutive outing at the industry’s ultimate technology event for the region. Set to run from October 8 to 12 at the Dubai World Trade ...

Dubai / WAM Dubai is to host the International Desalination Association’s 2019 World Congress on water desalination, the world’s largest and the most prominent conference on water desalination specialty areas. It will be attended by leaders, senior officials, experts, and academics, as well as 2,000 participants from 60 countries around the world, according to Dubai Electricity and Water Authority, DEWA, ...

Abu Dhabi / WAM American investors rank in first place among foreign investors in the Abu Dhabi Securities Exchange (ADX), in terms of net investment in 2016 and H1 2017, with AED2.2 billion and AED960 million, respectively, said Rashed Al Blooshi, Chief Executive of ADX, during a briefing about the exchange at the American Chamber of Commerce, Abu Dhabi (AmCham). ...

Bloomberg Spanish police in riot gear smashed in the doors of polling stations and dragged protesters away by the hair, beating some with batons and firing rubber bullets at others on Sunday as they tried to shut down an illegal referendum on independence in Catalonia. Despite the force of the police against peaceful demonstrations, voting began in many locations across ...