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An Indian Air Force (IAF) light combat aircraft "Tejas" performs during the Indian Air Force Day celebrations at the Hindon Air Force Station on the outskirts of New Delhi, October 8, 2016. REUTERS/Adnan Abidi/File Photo

India navy spurns Tejas, hunts for foreign fighter jet

India's navy is in the hunt for a new foreign fighter jet after rejecting an indigenously made aircraft as too heavy, the latest sign of the struggle to get Asian militaries to buy locally to grow their defence industries.

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Indian retail inflation lowest in at least five years

NEW DELHI India's inflation cooled to its lowest in at least five years in January as food prices fell following the government's cash clampdown, but emerging price pressures mean the Reserve Bank of India (RBI) will probably keep interest rates on hold.

Apple hits record high but leaves some investors in dust

SAN FRANCISCO Apple shares cruised to a record-high close Monday, helping catapult the S&P; 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker.

Tour bus crashes in Taiwan, killing at least 32

TAIPEI At least 32 people were killed when a tour bus crashed near Taipei on Monday night, with television footage showing the bus careening towards a road barrier before flipping on its side.

Drivers' strike paralyses Uber, Ola services in Delhi

NEW DELHI A strike led by drivers' unions in the Indian capital demanding better pay from Uber and Ola has paralysed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their cheaper fares.

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