Bonds of companies controlled by billionaires Sunil Mittal and Mukesh Ambani, added in August to Goldman Sachs Group Inc.’s most-favored list, helped investors to the biggest gains in 20 months for India’s dollar debt.
Wal-Mart Stores Inc., the world’s largest retailer, plans to add as many as 110 stores over three years in China, while shutting some outlets and remodeling dozens more as it seeks to overhaul its business there.
Wal-Mart Stores Inc. last year laid out plans to set up retail stores in India. The world’s largest retailer faces a setback to those ambitions after ending a six- year local partnership with billionaire Sunil Mittal.
Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.