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1 week ago | 
business-standard.com | Harshita Swaminathan |Satviki Sanjay
Some of India's largest companies, already hit by a demand slump, are facing a new threat in wooing the country's 1.4 billion consumers: unpredictable weather. A cooler-than-usual summer this year - followed by the earliest onset of rain since 2009 - has hurt companies selling everything from talcum powder to air conditioners. Blue Star Ltd., one of the largest AC sellers in the country, had to cut production by as much as 25 per cent between April and June, as it saw fewer buyers.
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1 week ago | 
bloomberg.com | Harshita Swaminathan |Satviki Sanjay
People take shelter as it rains in New Delhi on June 17. (Bloomberg) -- Some of India’s largest companies, already hit by a demand slump, are facing a new threat in wooing the country’s 1.4 billion consumers: unpredictable weather. A cooler-than-usual summer this year — followed by the earliest onset of rain since 2009 — has hurt companies selling everything from talcum powder to air conditioners.
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1 month ago | 
bloomberg.com | Harshita Swaminathan
An excavator drops a load of coal into a dump truck. Photographer: Taylor Weidman/Bloomberg(Bloomberg) -- Coal India Ltd. will sell as much as 10% of its holding in mining consultancy unit Central Mine Planning & Design Institute Ltd. (CMPDI) through an initial public offering. The Ranchi-based unit of the world’s biggest coal miner filed draft prospectus for sale of as many as 71.4 million shares through the offering.
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1 month ago | 
bloomberg.com | Rachel Yeo |Reina Sasaki |Justina Lee |Harshita Swaminathan
(Bloomberg) -- Meituan and Xiaomi Corp.’s long-term ambitions and investment plans will dominate this week’s earnings releases, continuing to shape sentiment for China’s tech sector. Expectations for Xiaomi are high as it aims to invest at least 50 billion yuan ($7 billion) in developing its own mobile processor to increase its semiconductor clout over the next decade.
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1 month ago | 
flipboard.com | Rachel Yeo |Reina Sasaki |Justina Lee |Harshita Swaminathan
NowMeituan launches AI coding tool for non-codersChinese tech company Meituan launches NoCode, an AI-driven coding tool aimed at non-technical users, in a public beta.
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1 month ago | 
news.bloombergtax.com | Harshita Swaminathan |Advait Palepu
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 month ago | 
bloomberg.com | Harshita Swaminathan |Advait Palepu
An IndusInd Bank Ltd. branch in New Delhi, India. (Bloomberg) -- The billionaire Hinduja family behind IndusInd Bank Ltd. pledged support for India’s fifth-largest private sector lender after it posted a record quarterly loss and disclosed a case of suspected fraud. Ashok Hinduja, chairman of IndusInd International Holdings, said the Mumbai-based bank’s capital adequacy is “quite healthy,” and the family would step in if it required further equity.
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1 month ago | 
bloomberglinea.com | Rachel Yeo |Justina Lee |Harshita Swaminathan |Reina Sasaki
Bloomberg — Baidu Inc. (BIDU), Bilibili Inc. (BILI) y Lenovo Group Ltd. son algunas de las empresas tecnológicas chinas en el punto de mira para las ganancias de esta semana, justo cuando la relajación de la guerra comercial entre EE.UU. y China devuelve cierto optimismo al sector. El negocio de inteligencia artificial de Baidu se comparará con sus rivales Alibaba Group Holding Ltd. (BABA) y Tencent Holdings Ltd. a medida que se intensifica la competencia en este espacio.
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1 month ago | 
news.bloombergtax.com | Rachel Yeo |Justina Lee |Harshita Swaminathan |Reina Sasaki
Baidu Inc., Bilibili Inc. and Lenovo Group Ltd. are among the Chinese tech firms in focus for next week’s earnings, just as the easing US-China trade war brings back some optimism for the sector. Baidu’s artificial intelligence business will be compared with rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. as competition intensifies in the space. Meanwhile, Bilibili continues to see healthy growth in its mobile games segment.
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1 month ago | 
bloomberg.com | Rachel Yeo |Justina Lee |Harshita Swaminathan |Reina Sasaki
Baidu’s artificial intelligence business will be compared with rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. as competition intensifies in the space. (Bloomberg) -- Baidu Inc., Bilibili Inc. and Lenovo Group Ltd. are among the Chinese tech firms in focus for next week’s earnings, just as the easing US-China trade war brings back some optimism for the sector. Baidu’s artificial intelligence business will be compared with rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd.
