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Wednesday, January 22, 2020
Business

Business

Uber sells meal delivery service in India to competitor

Ride-share giant Uber has sold its meal delivery business in India to Zomato, one of its local competitors, as it steps up efforts to achieve profitability. India is...

Pakistan approves import of 300,000 tonnes of wheat to meet flour shortage

Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a flour supply shortage that has created a crisis for the government...

India thermal coal imports fall for three months in a row

 India's thermal coal imports fell for three straight months for the first time in over two years, government data reviewed by Reuters show, as...

After Amazon snub, Modi’s party slams Bezos-owned Washington Post

by Sankalp Pharityal and Aditya Kalra Indian Prime Minister Narendra Modi's ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even...

Malaysia in bid to resolve palm curbs by India

by Mei Mei Chu Malaysia is talking to the Indian government and trade officials in a bid to resolve concerns over New Delhi's new palm...

Deal for new Sri Lanka oil refinery will take at least a year to...

An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its...

Jet chairman Goyal steps down as banks move in with rescue plan

Jet Airways Chairman Naresh Goyal will step down from the board of the Indian carrier he founded 25 years ago and its lenders will seize...

India’s Jet grounds seven more planes amid shutdown fears

India's debt-laden Jet Airways has grounded seven more planes after failing to pay for its aircraft leases, heaping pressure on its founder as a...

Sri Lanka wins record foreign investment in oil project

Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the single largest foreign investment...

India government asked banks to save Jet, avoid bankruptcy -sources

India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to...