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Uber, Ola may have to make 40% of vehicles electric by 2026: Report

Indian think-tank Niti Aayog, chaired by Prime Minister Narendra Modi and which plays a crucial role in policymaking, is working with several ministries on the new policy

We need to address high interest, tax rates to boost exports: Piyush Goyal

"We need to address the root cause of problems hurting the exporters and industry," said Commerce and Industry Minister Piyush Goyal

Foxconn plans management overhaul as Gou sets sights on presidency: Report

The overhaul will mark a major shift in Foxconn's corporate leadership that has seen 68-year-old Gou hold a tight grip on the firm's daily operations and strategic decisions

British insurer Aviva overhauls UK biz, plans to cut 1,800 jobs globally

Aviva said it would make cost cuts of 300 million pounds ($380.22 million) over three years, in a statement ahead of its first investor day under new Chief Executive Maurice Tulloch

Trump threatens to hike tariffs on China by an additional $300 billion

Tensions between the world's two largest economies have risen sharply since talks aimed at ending a festering trade war broke down in early May

Wipro founder Azim Premji to retire by end-July, Neemuchwala is new MD

Wipro named Chief Executive Officer Abidali Z Neemuchwala as its new MD

No threat of global recession by trade war, says IMF chief Lagarde

Lagarde told Reuters in an interview, however, that such tariff threats were sapping business and market confidence, and could slow growth that is currently expected to improve next year

Oil prices slide 4% on concerns of slowing demand, equity rally caps losses

Crude inventories rose 6.8 million barrels in the week to May 31, compared with analyst expectations for a decrease of 849,000 barrels

Microsoft, Oracle tie up for cloud services to compete with Amazon

The move comes as both Oracle and Microsoft are courting large businesses and government customers considering moving computing tasks currently handled in their own data centers to cloud providers

BMW, Jaguar Land Rover team up to develop electric motors, transmissions

BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing of electric car components

EU court rules against Skype, says it can be classified as telecoms firm

Skype had argued that it did not transmit signals itself and did not provide any electronic communications services such as those defined by current EU rules

Foxconn promised thousands of US jobs, but offshored 155 to Mexico

The Taiwan-based electronics maker said in a filing in Indiana in November 2018 that it would lay off 155 workers at a computer factory outside Indianapolis

Nanda Devi: Mission to remove climbers' bodies halted by technical problems

The paramilitary Indo-Tibetan Border Police Force is carrying out the mission to bring the bodies to the town of Pithoragarh in Uttarakhand

Services growth sinks to one-year low in May, dented by elections: PMI

Optimism about the next 12-months improved slightly and firms increased the pace of hiring to the fastest in three months

Wall Street rebounds amid US rate cut hopes; tech shares bounce

The S&P 500 shed more than 6% in May as investors feared a global growth slowdown while trade tensions ramped up between the United States and China and the United States and Mexico

Zambia court hearing on Vedanta copper mines biz adjourned for a week

In a statement, Vedanta said the judge had considered preliminary issues brought by ZCCM and reserved judgment until June 11

India plays down Trump decision to remove US trade privileges

The Indian government said that India viewed the issue as part of its ongoing economic relationship with the US

IndiGo close to new engine deal, may drop Pratt & Whitney for CFM

IndiGo has an order book of 430 Airbus planes of the A320neo family, of which the first 150 aircraft were to be powered by engines from United Technologies Corp's Pratt & Whitney.

Warren Buffett charity lunch fetches record $4.57 million winning bid

The winning bid, which was submitted during a five-day online auction on eBay that ended Friday night, was nearly one-third higher than the previous record $3,456,789 bids in both the 2012 and 2016

US starts charging higher tariffs on Chinese goods arriving by sea

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a $60-billion target list of US goods