Bloomberg Top News

General Atlantic to Deploy Up to $1 Billion a Year in India

Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around Prime Minister Narendra Modi’s push to expand financial inclusion and increase technology usage.

Spiraling Wage Bill Costs Send Coal India Profits Tumbling

Coal India Ltd., one of the world’s top producers of the fuel, reported earnings tumbled on the surging cost of its wage bill and because it’s been largely unable to benefit from the fuel’s recent price boom.