SoftBank’s $650 million injection to value Snapdeal at $2 billion
SoftBank Corp is set to invest up to $650 million in Snapdeal in a deal that could see it become the largest shareholder with a nearly 35% stake in India’s second-biggest online retailer and is expected to be solemnised in the last week of October when the Japanese mobile and internet... read more »
Modi replaces top finance mandarin Mayaram in first major shakeup
Prime Minister Narendra Modi has transferred the top civil servant at the finance ministry, replacing him with a top official from Rajasthan, the state that has pushed dramatic free market reforms in recent months. Arvind Mayaram’s transfer was part of the first major shuffle of top civil... read more »
Hunt for 100 Trekkers Missing After Deadly Nepal Storm
KATHMANDU: Nepalese rescuers on Thursday scoured Himalayan hiking routes for more than 100 trekkers who have been out of contact since a snowstorm and avalanche that have killed around 32 people, including foreign tourists and guides. Local officials said that 24 bodies had been found on the... read more »
Indian-American woman Vanita Gupta appointed to key US Justice Department p...
Indian-American Vanita Gupta, a top lawyer from American Civil Liberties Union, has been appointed to head the civil rights division of the US Justice Department, becoming the first South Asian to hold this post. President Barack Obama is expected to nominate Gupta to serve as the permanent... read more »
Delhi court issues warrant against Shazia Ilmi in defamation case
New Delhi – A Delhi court on Saturday issued bailable warrant against Aam Aadmi Party leader Shazia Ilmi for non-appearance in a defamation case filed by Kapil Sibal’s son... read more »
Thailand coup leaders will detain former Prime Minister Yingluck Shinawatra
Thailand’s coup leaders will detain former Prime Minister Yingluck Shinawatra, Cabinet members and anti-government protest leaders for up to a week to give them “time to... read more »
Russian President Vladimir Putin vows to respect Ukraine’s presidential vote
Russian President Vladimir Putin has pledged to respect the prayers for peace that Ukraine’s interim leaders would be holding on Saturday on the eve of a crucial presidential... read more »
US suspends $3.5mn in military aid to Thailand
Washington – The United States on Friday suspended $3.5 million in military assistance for Thailand, about one-third of its aid to the ally, and urged Americans to reconsider travel... read more »
Lewis Hamilton Questions if Nico Rosberg has the Hunger for Wins
Monaco – With Mercedes looking certain to run away with the Formula One constructors’ championship, the promising battle between Lewis Hamilton and Nico Rosberg should provide an... read more »
