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Uber v Ola: How fight for Indian taxi market ended up in court


NEW DELHI A flurry of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. | Video

Special court to try Naveen Jindal over alleged coal scam

MUMBAI An Indian court on Friday ordered businessman Naveen Jindal to face trial on charges of criminal conspiracy over an alleged scam involving government allocations of coalfields.

Top News, 29 Apr 2016

Muslim leader in India under fire from activists for supporting FGM

MUMBAI (Thomson Reuters Foundation) - The leader of the only South Asian Muslim community known to practise female genital mutilation (FGM) came under criticism on Friday by campaigers who accused him of urging followers to continue the centuries-old custom.

Top News, South Asia 29 Apr 2016

India denies visas to China dissidents hoping to join democracy meeting

NEW DELHI India has declined to issue visas to two Chinese activists hoping to attend a conference on promoting democracy, days after it revoked a visa for an exiled ethnic Uighur leader who China says backs militant violence.

29 Apr 2016

ICICI Bank's dim view of bad loans drives quarterly profit to decade low

MUMBAI ICICI Bank , India's largest private sector lender, expects more loans made to sectors like steel may sour, a belief that forced it to set aside a bigger sum to cover any losses from them and drove its quarterly profit down to a decade low.

Top News 29 Apr 2016

Oil rig helicopter crashes off Norway coast, 13 presumed dead

OSLO A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, apparently killing all 13 people on board, rescue officials said. | Video

World, Top News 5:30am IST

U.S. strike on Afghan hospital in 2015 not a war crime - Pentagon

WASHINGTON A deadly U.S. air strike in Afghanistan last year that destroyed a hospital run by Doctors Without Borders did not amount to a war crime but was caused by human error, equipment failure and other factors, a U.S. military report released on Friday concluded. | Video

World, Top News, South Asia 2:55am IST

Sensex ends flat, posts first weekly drop in three

India's stock markets closed unchanged after a volatile trading session on Friday as gains in energy stocks, following a recovery in crude prices, were offset by disappointing quarterly results from ICICI Bank Ltd and HCL Technologies Ltd .

Top News 29 Apr 2016

NSE nominates new chairman, sources say

MUMBAI The National Stock Exchange (NSE) has nominated Ashok Chawla, the former head of the Competition Commission of India, to become its new chairman, three sources close to the matter told Reuters.

Top News 29 Apr 2016
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