German carmakers buy Nokia maps to fend off digital rivals FRANKFURT/HELSINKI (Reuters) - German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros ($2.75 billion) to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars.
As RBI holds rates steady, companies' debt burdens weigh heavily MUMBAI (Reuters) - When Hindustan Construction Ltd (HCC) was building a bridge in 2008 to transform the congested commute in Mumbai, its stock was at a record high as low interest rates had sparked a construction boom.
IAAF launches stern defence of anti-doping record KUALA LUMPUR (Reuters) - The head of world athletics launched a vigorous defence of the IAAF's anti-doping record on Monday, as global sporting bodies called for a thorough probe of the latest doping allegations to plunge track and field into crisis.
Snapdeal to raise $500 million from Alibaba, SoftBank, Foxconn - source BEIJING (Reuters) - Indian online marketplace Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd , SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd , a person familiar with the matter said on Monday.
Factory growth bucks Asia trend, speeds to six-month high in July - PMI August 3 (Reuters) - Indian manufacturing activity expanded at its fastest pace in six months in July as new export orders accelerated, a business survey showed on Monday.