Flipkart to double value of goods sold as demand rises
Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s (AMZN.O) India unit. Online retailers often use GMV, or gross... read more »
HSBC leaks: Cameron questioned
With leaked documents on the HSBC scandal spilling the names of British account holders in the Swiss branch of the banking giant, now accused of enabling tax evasion and avoidance, the issue has become ready political ammunition for leading political players in Britain who are fighting the election... read more »
U.S. lawmaker proposes ban on yoga pants
Even as Prime Minister Narendra Modi recently celebrated a much-vaunted success in driving the campaign to get the United Nations to endorse June 21 as the International Day of Yoga, U.S. lawmakers appeared to be busy trying to clamp down on some aspects of the practice. This week an unusual... read more »
Obama asks fresh war powers to fight IS
President Barack Obama urged Congress on Wednesday to authorise military action against the Islamic State militants who are cutting a swath across the West Asia, vowing their forces “are going to lose.” Yet he ruled out large-scale U.S. ground combat operations reminiscent of Iraq and... read more »
