Vodafone Idea to raise $3.5bn

Bloomberg Vodafone Idea Ltd plans to raise as much as $3.5 billion via a rights offering to help India’s largest mobile-phone carrier fend off Asia’s richest man, who continues to roil the industry by providing 4G Internet at prices that would drive most carriers bankrupt in other countries. Vodafone Group Plc will contribute as much as 110 billion rupees, while ...

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Tata Power seeks to tap EV charging in Indian capital

Bloomberg Tata Power Co is seeking to set up electric vehicle chargers in the Indian capital, a company official said, as one of the most polluted cities on earth plans an ambitious push towards cleaner vehicles. Tata Power Delhi Distribution Ltd, which supplies electricity to 1.64 million consumers in Delhi, has written to the local government saying it wants to ...

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China rips into Tencent’s news service, kills apps

Bloomberg China is stepping up its efforts to rein in the country’s internet, singling out Tencent Holdings Ltd’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps in the span of three weeks. The Cyberspace Administration of China has scrubbed the web of more than 7 million items since January 3, ...

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Japan’s chain draws China deal interest

Bloomberg General Oyster Inc, Japan’s largest oyster restaurant operator, has been approached by several Chinese companies interested in buying a stake or perhaps acquiring the business, according to people familiar with the matter. Three Chinese firms, including a large internet company, have expressed interest in separate deals with General Oyster, said the people, asking not to be identified because the ...

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Thailand to hold its first election since coup in 2014

Bloomberg Thailand will hold a general election on March 24 for the first time since a coup in May 2014. The date was set by the Election Commission in Bangkok on Wednesday, a few hours after a royal decree was issued authorising the poll. Voting will take place under a military-backed charter, ending one of the longest periods of rule ...

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Russia to uphold nuclear pact even if US suspends it

Bloomberg Russia showed foreign envoys a missile that’s at the centre of a dispute with the US over a landmark nuclear treaty, as Moscow mounted a diplomatic offensive against Washington’s plans to withdraw from the pact. US demands for the elimination of the 9M729 missile are “unacceptable,” Russian Deputy Foreign Minister Sergei Ryabkov said in a televised briefing for foreign ...

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Australian writer detained in China

Bloomberg Writer and former Chinese diplomat Yang Hengjun, who is now an Australian citizen, has been detained by the Chinese government, according to one of his friends. Yang boarded a flight from New York to the southeastern Chinese city of Guangzhou and was scheduled to arrive on Saturday, Feng Chongyi, an associate professor in China studies at the University of ...

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EU presses Ireland for no-deal Brexit border plan

Bloomberg The European Commission is pushing the Irish government to lay out its plans for the border in the event of a no-deal Brexit, a person familiar with the matter said. Ireland has proved elusive when the Commission has attempted to pin down the government on its plan, according to the person, who spoke on condition of anonymity. A Commission ...

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‘Brazil must reform or become next Venezuela’

Bloomberg Brazil’s President Jair Bolsonaro pledged swift and sweeping measures to fix the economy and ward off what he said was a risk that Latin America’s largest nation turns into a Venezuela-style regime. Plans to sell a large number of state-owned companies are nearly ready, and a proposal to be sent to Congress will bring “substantial” cuts to pension outlays ...

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Priyanka Gandhi enters India’s political fray

Bloomberg Priyanka Gandhi Vadra, a scion of India’s Nehru-Gandhi dynasty, has formally joined the nation’s political scene ahead of the general election to take on Prime Minister Narendra Modi’s ruling party. Vadra, 47, is the younger sister of Rahul Gandhi, who’s president of India’s opposition Congress party. She’s been appointed a general secretary of the party and will manage elections ...

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