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Uber sells its India food delivery business to Zomato

Tuesday, January 21, 2020, 11:07 AM

Uber has sold another business in Asia. The ride-hailing company on Tuesday agreed to sell its food delivery business in India to local rival Zomato. It is just the latest exit for Uber (UBER), which has offloaded operations in Russia, China, and Southeast Asia in recent years, as it makes good on a pledge to shed underperforming ventures that have struggled against the competition.
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Debt-laden BSNL secures Rs 3000 crore loan from SBI

Tuesday, January 21, 2020, 10:25 AM

State-run BSNL has secured an Rs.3,000-crore loan from SBI, which will enable it to clear some vendor dues and salaries. As per an official, the loan was sanctioned a couple of weeks ago and Rs.2,500-crore has been utilized so far, of which Rs.1,700-crore went towards clearing dues of some of the vendors. The remaining '500-crore can be used for paying salaries for December.
 
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RBI says crypto not banned, but don't bank on it

Tuesday, January 21, 2020, 10:19 AM

The Reserve Bank of India has said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks associated with the trading of such virtual-instruments. The central bank said this in a response to a petition filed by the IAMAI, which wanted it to reconsider the 2018 circular directing regulated entities not to deal in cryptocurrencies.

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