Modi suddenly pressured to act after Raghuram Rajan cuts rates
New Delhi: Now that the Reserve Bank of India (RBI) governor Raghuram Rajan responded to government pressure with India’s biggest rate cut since 2009, it’s Prime Minister Narendra Modi’s turn to act. India’s lenders have been slow to pass on rate cuts earlier this year, prompting Rajan to... read more »
China’s Didi Kuaidi Firms Up Anti-Uber Alliance, Invests in Ola
China’s most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging US rival Uber Technologies Inc. Didi joins existing investors including SoftBank Corp, Falcon Edge, Singapore sovereign wealth... read more »
Ola Opens Up API for Mobile Apps, Individual Developers
Taxi aggregator Ola Saturday announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company’s offering with their platforms. “The public release of our API to developers is a giant leap in collaborative technology. With this... read more »
Dr Reddy’s climbs as drug maker launches Nexium’s generic
NEW DELHI: Shares of Dr Reddy’s Laboratories surged over 6 per cent in Monday’s trade after the drugmaker launched a generic version of Nexium following approval from the United States Food & Drug Administration (USFDA). Nexium is the world’s second most selling drug. It... read more »
