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  • NEW DELHI, Dec 15- The alleged rape of a woman passenger by an Uber taxi driver once again spotlights the risks of India's transport system, which fails to keep women safe. Now the service has become a model for Prime Minister Narendra Modi's government to replicate nationwide, its chief executive says. "The Delhi incident shows the need for' She Taxis' all over the...

  • *Court banned Xiaomi selling in India on Dec. 10. *Xiaomi was fastest growing vendor in India. MUMBAI/ BEIJING, Dec 14- The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.

  • In Myanmar, racing to save a colonial past in decay Saturday, 13 Dec 2014 | 2:01 PM ET

    The race is on to salvage colonial buildings in Myanmar amid the threat of collapse due to continued decay.

  • India questions man over pro-Islamic State tweets Saturday, 13 Dec 2014 | 1:49 AM ET

    BANGALORE, India— Police in southern India said Saturday that they have arrested a man who has admitted to running a popular pro-Islamic State group Twitter account, but added that he appears to have no direct links to the militant group. On Friday, Britain's Channel 4 reported that it had uncovered the identity of the man, who was using the Twitter account@...

  • HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...

  • *Oil refiners may pay $1 billion more in taxes. NEW DELHI, Dec 12- A plunge of nearly half in oil prices could help Indian Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion when he presents his 2015/ 16 budget in February, two government sources told Reuters. As a result, the government would claw back most of the money that India saves on oil...

  • MUMBAI, Dec 12- A ban on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber's Indian rivals Ola and TaxiForSure. Ola raised $210 million in October from a group led by Japan's SoftBank Corp. TaxiForSure attracted $30...

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...

  • SINGAPORE/ HANOI, Dec 12- A co-founder of GrabTaxi, Uber's biggest competitor in Southeast Asia, remarked earlier this year that safety is so central to the online taxi booking business that some of his drivers feel like they are tracked at every moment- even when they go to the bathroom. Uber has since been banned in the Indian capital, adding to bans or legal action...

  • SYDNEY/ NEW DELHI, Dec 12- Ukrainian President Petro Poroshenko lashed out at India on Friday over a visit by the leader of Crimea, the former Ukrainian territory annexed by Russia, who accompanied President Vladimir Putin's annual summit delegation this week. India does not back Western sanctions against Russia, and the unofficial trip by Sergey Aksyonov...

  • SINGAPORE/ HANOI, Dec 12- A co-founder of GrabTaxi, Uber's biggest competitor in Southeast Asia, remarked earlier this year that safety is so central to the online taxi booking business that some of his drivers feel like they are tracked at every moment- even when they go to the bathroom. Uber has since been banned in the Indian capital, adding to bans or legal action...

  • NEW DELHI, Dec 11- The leader of Crimea, the former Ukrainian territory annexed by Russia, visited India on Thursday as a member of President Vladimir Putin's annual summit delegation, and the United States said it found the reports troubling. India does not back Western sanctions against Russia, but the unofficial trip by Sergey Aksyonov could spoil the mood...

  • NEW DELHI, Dec 11- Uber, the popular U.S. cab-hailing company banned in New Delhi, said it will carry out a review of its India operations and beef up driver screening as it seeks to reach an agreement with the government to restart services. The case has caused an uproar in India after it emerged that the suspect had been previously charged with sexual offences...

  • NEW DELHI, Dec 11- Indian Prime Minister Narendra Modi told President Vladimir Putin on Thursday that Russia will remain India's top defence supplier, even though New Delhi's options had improved since the end of the Cold War. In the biggest, state-owned Rosatom will build 12 nuclear reactors in India, oil major Rosneft signed a 10- year crude supply deal with...

  • MUMBAI, Dec 11- An Indian court has ordered Xiaomi Technology Co Ltd to temporarily stop selling its smartphones in India in a case related to patent infringements that telecom equipment maker Ericsson had filed against the Chinese company. Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, sells its...

  • *India ONGC may get stake in Russia's far east LNG project. NEW DELHI, Dec 11- Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday, seeking to strengthen ties with Asia and diversify its exports away from Europe, under pressure from Western sanctions. During President Vladimir Putin's one-day visit to the Soviet-era ally, Rosneft...

  • NEW DELHI, Dec 11- The leader of Crimea, the former Ukrainian territory annexed by Russia, visited India on Thursday as a member of President Vladimir Putin's summit delegation, in a move likely to provoke the West. India does not back Western sanctions against Russia, but the unofficial trip by Sergey Aksyonov could spoil the mood before Prime Minister Narendra...

  • NEW DELHI, Dec 11- An Indian court sent the Uber taxi driver accused of raping a young passenger to judicial custody for two weeks after the attack in New Delhi led the government to request a nationwide ban on the popular U.S. online cab company. Judge Ravindra Kumar Pandey on Wednesday ordered the accused Shiv Kumar Yadav, 32, to be kept in Delhi's Tihar jail until...

  • NEW DELHI, Dec 11- Indian Prime Minister Narendra Modi told President Vladimir Putin on Thursday that Russia will remain India's top defense supplier, even though New Delhi's options had improved since the end of the Cold War. In the most significant ones, state-owned Rosatom will build 12 nuclear reactors in India, energy major Rosneft inked a 10- year crude...

  • Putin's one-day visit to India comes at a time when Russia is at odds with the West over Ukraine, and its economy is stalling as oil prices tumble to their lowest in five years. The tension over Ukraine intruded on the choreographed visit when it emerged that the leader of Crimea, the former Ukrainian territory annexed by Russia, had travelled with Putin to India...