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 »
Rahul Gandhi a merchant of lies: BJP
Dubbing Rahul Gandhi as asatya ka saudagar (merchant of lies), BJP today said his “untruths” about Gujarat land acquisition policy have been exposed by the report sponsored by his own... read more »
Oscar-winning actress Anne Hathaway’s marriage on the rocks?
London – Oscar-winning actress Anne Hathaway’s lone appearance at this year’s Met Gala has fuelled speculation that her marriage to actor Adam Shulman is on the rocks. The... read more »
Cutting Red Tape but Leaving Some Behind
Ahmedabad – To anyone familiar with the quagmire that typically engulfs large building projects in India, the reconstruction of the Sabarmati riverfront – championed for the... read more »
Twitter shares hit all-time low
Twitter’s share price fell 18 per cent to an all-time low of 31.85 dollars at the close trading on Tuesday in New York, after insiders were able to sell stock for the first time since the... read more »
Former White House intern Monica Lewinsky: My boss took advantage...
Former White House intern Monica Lewinsky has broken her silence on her 1990s affair with then US President Bill Clinton, saying he took advantage of her even though it was a “consensual... read more »
