Top Headlines: Mallya faces eviction; Microsoft to buy Activision Blizzard

The fugitive Kingfisher tycoon Vijay Mallya is facing the prospect of a humiliating eviction from the luxury Central London home he currently occupies.

Microsoft Corp. agreed to buy Activision Blizzard in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight. More on that story in our top headlines this morning.

Can steel major POSCO be fifth-time lucky in India? 

It’s another day of hope for South Korean steel major POSCO as it takes yet one more shot at setting up a new steel plant in India. In the past 17 years, it has tried alone and in partnership with private and public sector companies to get a meaningful foothold in the market, but without success.