India & Pakistan News
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Wipro Ltd. is seeking to make more than $1 billion in acquisitions over the next 18 months, adding intellectual property and software to help boost profit, Chairman Azim Premji said.
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India’s government, forced to scrap plans to reduce subsidies after a popular backlash, is being compelled by investors to cut spending after the premium on sovereign debt approached a record and the rupee slumped.
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Reliance Industries Ltd., owner of the world’s largest oil-refining complex, approached banks seeking a five-year loan of about $1 billion, according to three people familiar with the matter.
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Oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening.
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