New Delhi: The union cabinet on Wednesday approved a decision to provide more autonomy to public sector entities (PSEs) by empowering their boards to decide on the closure and divestment of units or subsidiaries. The cabinet also delegated additional powers to the alternative mechanism to accord ‘in principle’ approval for disinvestment and minority stake sale … Read more
TOKYO—Yoshiyuki Kasai, longtime boss of Japan’s biggest bullet-train line, says he thinks Tokyo’s alliance with the U.S. comes first and China needs to hear that message. If Beijing doesn’t like it, he says, tough luck. Hiroaki Nakanishi, head of Japan’s most powerful business federation, says he thinks that attitude is self-defeating. After all its work … Read more
Investors in Israel and the United Arab Emirates are moving to strike deals in a business environment transformed by a diplomatic breakthrough between the two countries. Last week’s surprise move by the U.A.E. to normalize relations with Israel in a U.S.-backed shift paves the way for establishing direct flights, opening telecommunications links, exploring joint ventures … Read more