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Bloomberg Tata Group, the Indian conglomerate that manages more than 100 operating companies, is weighing a plan to streamline its technology and infrastructure businesses, people with knowledge of the matter said. The conglomerate is considering a restructuring that would see several of its technology businesses moved under publicly traded Tata Consultancy Services Ltd., according to the people. TCS, Asia’s largest ...

Bloomberg Blackstone Group LP rode a widespread market advance in the second quarter, earning 36 percent more than a year earlier. The results fell short of analysts’ estimates as a downturn in energy prices hit private equity holdings. While the asset manager’s public holdings — shares of companies it’s taken public — tracked positively, private investments were “pressured by the ...

Bloomberg McCormick & Co. agreed to acquire Reckitt Benckiser Group Plc’s food business for $4.2 billion, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings. The deal brings a stable of well-known condiments to Sparks, Maryland-based McCormick. For Reckitt Benckiser, unloading the products continues an overhaul that began with an expansion into baby formula through ...

BEIJING / WAM UAE Minister of State, Dr Sultan Ahmed Al Jaber, met on Wednesday with the Foreign Minister of the People’s Republic of China, Wang Yi, to discuss means of enhancing political, social, economic and trade relations between the two countries. Dr Al Jaber’s discussions with the Foreign Minister also included an exchange of sha- red views on extremism ...

DUBAI / Emirates Business The United Arab Emirates is most prepared for change among the Middle East and North African (MENA) countries, and the third most prepared in the world, KPMG’s 2017 Change Readiness Index (CRI) showed. The leading global audit, tax and advisory firm, launched the 2017 KPMG International Change Readiness Index, ranking 136 countries for their capacity to ...

TBILISI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with the Foreign Minister of Georgia, Mikheil Janelidze to discuss means of enhancing and developing bilateral relations between the two countries. During the meeting, which was held as part of Sheikh Abdullah’s official visit to Georgia, the two ministers also reviewed the ...

Dubai / Emirates Business Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its first half results for the period ended June 30, 2017. The group net profit increased to AED 2,143 million (AED 2.14bn), up 7% compared with AED 2,004 million for the same ...

Bloomberg The resignation of the head of France’s military has thrown the spotlight on President Emmanuel Macron’s lack of experience and may prove to be the first major test of his governing style. Following a public dispute with Macron over cuts to the defense budget, General Pierre de Villiers, chief of the general staff, said on Wednesday that he “no ...

Bloomberg Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp.’s $600 million issue in November. Green bonds from India ...

Bloomberg A meeting of 16 nations in India on a mega Asia trade pact is happening in the shadow of elevated border tensions between India and China, a wrinkle that could further slow progress on the deal. Trade officials gathered in the southern city of Hyderabad are seeking to hammer out agreement on sticky issues like the free movement of ...