• San Francisco based taxi hailing app Uber plans to set aside nearly $400 million for the Indian market, its fastest growing outside the US.
  • India is on track to receive investments worth $250 billion in the power sector over the next five years, power minister Piyush Goyal said at the World Economic Forum’s India Economic Summit in New Delhi.
  • The Bangalore-headquartered firm said it would hire around 2,100 new techies – 1,500 of which would be experienced IT professionals and the rest new university graduates.
  • A new “pay-what-you-want” money remittance service that abolishes compulsory fees claims it will save customers in the developing world £60 million over the next five years.
  • Will Reserve Bank of India governor Raghuram Rajan cut rates in his next policy announcement on December 2? Ministers, bureaucrats, bankers and economists are almost unanimous that he will.
  • India has formally signed a free trade agreement (FTA) for services and investments with the Association of Southeast Asian Nations (ASEAN).
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