Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said. Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the

India’s central bank will pay a 2.1 trillion-rupee ($25 billion) dividend to the government, more than double what was budgeted, shoring up fiscal revenues before a new administration takes office after elections.The transfer was approved Wednesday by the Reserve Bank of India board in a meeting in Mumbai, the central bank said on its website.

Japan’s economy shrank in the first quarter as consumers and companies cut spending, extending a dismal performance that stretches back to last summer and complicates the picture for the central bank as it mulls the timing of its next interest rate hike.Gross domestic product contracted at an annualized pace of 2% in the three months

Novelis Inc., the aluminum products maker owned by billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd., is seeking to complete a planned US initial public offering as soon as early June, according to people familiar with the matter.The company, owned by a unit of India’s Hindalco, could begin formally marketing the deal in about two weeks

Dangers to financial stability posed by the development of artificial intelligence tools are already starting to become a worry, two central bank chiefs told a conference on Tuesday. Asked if there’s “something bad that could happen that you are preparing for” related to the technology, the policymakers from two Asian banking hubs each highlighted possible

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