Five Things You Need to Know to Start Your Day: Asia
Gautam Adani after casting his ballot at a polling station during national elections in India in May 7.
Photographer: Dhiraj Singh/BloombergGood morning. Adani seeks to raise funds. DBS names first female CEO. Warner writes down TV channels. Dimon skeptical on inflation target. Here's what you need to know. — Sebastian Boyd
Billionaire Gautam Adani’s flagship firm is considering raising around 100 billion rupees ($1.2 billion) to 120 billion rupees through a share sale, according to people familiar with the matter, a move that would follow a separate recent fundraising deal at his power transmission unit. Adani Enterprises Ltd. may seek to raise funds through a so-called qualified institutional placement, the people said, asking not to be identified because the matter is private. The port-to-power conglomerate is working with banks on a share sale that could take place as early as September, the people said.