Uber’s China rival Didi Kuaidi may join Ola fundraising
MUMBAI: The Uber vs Ola war is about to get more intense, and maybe even spill beyond the streets of India. Didi Kuaidi, China’s largest taxi-aggregator app, which is backed by Alibaba, the internet behemoth, is learnt to be investing in homegrown Ola, giving both players greater firepower to... read more »
RBI’s job is to keep inflation low at all times, says Rajan
MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that benefits both borrowers and savers. “For the RBI, the key tasks are to keep inflation low not just today... read more »
Israeli aircraft strike Gaza after rocket fire
Israel carried out air strikes in the Gaza Strip on Saturday after Palestinian militants there fired rockets into southern Israel. The overnight air strikes targeted two training camps belonging to the Islamist group Hamas, causing no injuries, officials and witnesses said. Late on Friday, Gaza... read more »
Saudi-led coalition mistakenly kills 15 in Yemen
About 15 pro-government fighters were killed when Saudi-led warplanes shelled their military positions by mistake in Yemen’s oil-rich province of Marib, a military official has said. “A convoy of tribesmen fighting alongside with the Saudi-backed government forces was mistakenly hit by... read more »
Diageo may not recover Rs 900 cr loan from Vijay Mallya co
Global spirits giant Diageo has said it may not be able to fully recover a loan of USD 135 million given to Vijay Mallya-affiliated Watson by Standard Chartered Bank where it had acted as a... read more »
Defence veterans end fast-unto-death, protests to continue
Defence veterans, who were on fast-unto-death, on Sunday called off their hunger strike following a clarification from Prime Minister Narendra Modi on the voluntary retirement issue, a day... read more »
Migrant crisis: Germany to release funds to help regions cope
Germany’s coalition government has agreed to spend 6bn euros (£4.4m) to support record numbers of migrants and other measures to deal with the influx. Critics at home have accused... read more »
North, South Korea begin family reunion talks
North and South Korean Red Cross officials kicked off talks on Monday on organising a rare and emotional reunion for families separated by the Korean War. The discussions at the border... read more »
Saudi-led coalition forces kill 20 at a wake in Yemen
Saudi-led coalition’s jets killed at least 20 people at a wake in northern Yemen on Sunday, as warplanes pounded Houthis and other forces behind a missile strike that had killed dozens of Gulf... read more »
