Bloomberg Business

Ambani-Backed EV Maker Is Said to Weigh Raising $85 Million

Altigreen Propulsion Labs Pvt Ltd. is considering raising about 7 billion rupees ($85 million) in a new funding round as the Indian electric cargo vehicle maker looks to ramp up its production and invest in new models, according to people familiar with the matter.

North Korea’s Planned Satellite Launch Sparks Warnings

Japan and South Korea called on North Korea to abandon a planned rocket launch they see as breaching United Nations Security Council resolutions, following reports Pyongyang intends to put a satellite into orbit as early as this Wednesday.

Mizuho Cuts Risk in Bond Portfolio, Awaiting BOJ, Fed Shifts

Mizuho Financial Group Inc. is ditching illiquid assets and shortening the average maturity of its Japanese and other sovereign bond holdings so it’s positioned to deploy money after expected policy changes over the next 12 months.

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