MUMBAI: India’s move to privatise flag carrier Air India Ltd( pic) in its first big-ticket sale in almost two decades promises to further boost the appeal of the nation’s booming equity market just when China is intensifying its crackdown on private firms. The high-profile sale puts investor spotlight on Prime Minister Narendra Modi’s aggressive reform agenda, as it shows that his plans to tap the private sector for the country’s assets are gaining traction.It could also pique interest in a numb

SINGAPORE( Reuters)-Indonesian courier startup JT Express is in talks with investors to raise more than US$ 2 billion ahead of a Hong Kong initial public offering( IPO), and is looking to expand in Latin America, three people with knowledge of the matter told Reuters. The logistics firm is seeking to hit a US$ 20 billion valuation with the US$ 2-2.5 billion fundraising round that is expected to be finalised in the coming weeks, and attract Tencent Holdings among other investors, the sources said

SHANGHAI( Reuters)-China's power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group, prompting investors to shun industries vulnerable to power shortages such as steelmaking and construction. China is facing a power squeeze from a shortage of coal supplies, tougher emissions standards and strong demand from manufacturers and industry that have triggered widespread curbs on usage.... Factories have stop

India's technology industry is decentralising from seven major hubs to 26 cities like Chandigarh, Nagpur and Kanpur as about 11-15 per cent of tech talent is based in tier-2 and tier-3 cities, says a report.... The majority of the 5.4 million people employed in the technology industry in India have clustered around seven major cities of Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune, the report by Deloitte and Nasscom stated.... The next wave of technology hubs will emerge from

The blackouts can be harmful and even deadly for the elderly, disabled and other vulnerable communities. Power grid maintenance expenses are skyrocketing as utilities upgrade decades-old transmission lines and equipment.... Department officials declined comment. Driving the increasingly commonplace blackouts are weather disasters now rolling across the country with seasonal consistency. Winter storms called nor' easters barrel into New England and shred decrepit electrical networks.... Hot sum