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28 July, 2017 5:41 AM Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

It follows a three-year $1 billion syndicated loan in 2014. Shanghai: Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas. The three-year syndicated loan comes as China`s tech giants look to diversify their businesses as e-commerce 26

28 July, 2017 5:08 AM India-China war will hit most nations: Chinese media

In the first official meeting between top Indian and Chinese officials since the Doklam stand-off became public, national security adviser (NSA) Ajit Doval met state councillor Yang Jiechi here on Thursday, offering the possibility of serious diplomatic efforts to de-escalate the confrontation. Yang, who as China's state councillor overseeing foreign 21

28 July, 2017 2:56 AM State mountaineers scale Mount Elbrus in Russia

Team was inspired by late mountaineer Malli Masthan Babu It was a moment of pride for adventure sports enthusiasts, as two young mountaineers from Andhra Pradesh created a record of sorts by scaling Mount Elbrus in Russia, which is the highest peak in Europe, and displaying a 50-ft Indian tricolour atop the summit at 5,640 metres. The team consisting 18

28 July, 2017 2:40 AM Japan defence minister quits amid plunging support for PM

JAPAN-POLITICS/ (UPDATE 1):UPDATE 1-Japan defence minister quits amid plunging support for PM TOKYO, July 28 (Reuters) - Embattled Japanese Defence Minister Tomomi Inada on Friday said she was resigning, after a series of gaffes, missteps and a cover-up at her ministry that have contributed to a sharp plunge in public support for Prime Minister Shinzo 18

28 July, 2017 1:56 AM BRICS dreams fade as trade spats, border tensions cloud meeting

Trade ministers of the BRICS nations -- Brazil, Russia, India, China and South Africa -- will meet in Shanghai next week under the shadow of rising trade spats and border tensions between the group’s Asian members. The meeting precedes the annual leaders’ summit in September and will discuss trade liberalization, commitment to a multilateral system and other 42

28 July, 2017 1:52 AM Jeff Bezos Briefly Surpasses Bill Gates To Become Richest Person In The World

Jeff Bezos' rise to No. 1 followed a surge in Amazon.com shares Thursday ahead of the online retailer's earnings report due out later in the day. Amazon.com founder and The Washington Post owner Jeffrey P. Bezos on Thursday briefly became the richest person in the world, displacing Microsoft founder Bill Gates. Bezos' rise to No. 1 followed a surge in Amazon 19

27 July, 2017 10:30 PM Bezos world’s richest man, beats Gates

Amazon's founder CEO Jeff Bezos may have ended Microsoft badshah Bill Gates' long reign since 1995 as the world's richest individual — a position interrupted only briefly by the likes of Berkshire Hathaway's Warren Buffett and Mexican billionaire Carlos Slim. A 1% bump in the shares of Amazon on Thursday morning pushed the personal wealth of Bezos, who owns about 14

27 July, 2017 7:55 PM Amazon's Jeff Bezos becomes world's richest person briefly

NEW YORK: Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed. Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates 23

27 July, 2017 4:56 PM Amazon's Jeff Bezos bumps Bill Gates from world's richest position

A one per cent bump in the shares of Amazon on Thursday morning pushed the personal wealth of Bezos, who owns about 17% of the company, to over $91 billion, overtaking Gates’ approximately $90 billion, give or take a few million. Amazon's founder CEO Jeff Bezos may have ended Microsoft badshah Bill Gates' long reign since 1995 as the world's richest 21

27 July, 2017 4:47 PM Arundhati Roy’s book in Man Booker longlist

The Ministry of Utmost Happiness commended for style Arundhati Roy’s latest work of fiction, The Ministry of Utmost Happiness, has made it to the longlist of this year’s Man Booker Prize. The judges described the book as “a rich and vital book” that “comes from the bowels of India” and has “remarkable scale” and “extraordinary style and intelligence 22