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Ola, Uber drivers in major cities to go on an indefinite strike from today 

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The transport wing of the Maharashtra Navnirman Sena has called for an indefinite strike of drivers of cab aggregators Uber and Ola starting Monday midnight. Scores of commuters could be inconvenienced due to the indefinite strike starting from Monday. The strike has been called by the Maharashtra Navnirman Vahtuk Sena which has claimed that several drivers are not being able to cover costs due to falling business. Union leaders said that drivers in other cities like New Delhi, Bengaluru, Hyderabad and Pune among others would also be participating in the strike "Ola and Uber had given big assurances to the drivers, but today they are unable to cover their costs. They have invested Rs 500,000 - 700,000 and were expecting to make Rs 150,000 a month. Click Here To know More – Ola 

Raj Thackeray calls for 'Modi-mukt Bharat' 

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Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Sunday called for a 'Modi-mukt Bharat. Addressing a rally on the occasion of Gudi Padwa in Mumbai's Shivaji Park, Thackeray said, 'Today, we have to gear up for the third independence. All the political parties must unite to make Modi-mukt Bharat a reality. In an hour-long speech, the MNS chief also warned about attempts by certain elements to spark nation-wide riots in future. Voices of a "united opposition" gained even more momentum after the Bharatiya Janata Party's (BJP) lost two crucial seats in the Uttar Pradesh by-polls. According to the experts, joining forces is the only way to dethrone the Modi-led government in 2019 Lok Sabha elections. Click Here To know More – Raj Thackeray

Putin wins 75 per cent of vote: partial results 

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Vladimir Putin has been re-elected as Russian president with 75 per cent of the vote after half the votes were counted, partial results showed today. Putin's nearest competitor, Communist Party candidate Pavel Grudinin, was on 13.2 per cent, according to data from the central election commission. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Clik Here To know More –Russia

MARKETS LIVE: Indices open marginally higher, Nifty reclaims 10,200 mark

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The domestic indices opened marginally higher on Monday despite weakness in their key Asian counterparts. The market participants will closely watch key developments in the parliament following the no-confidence motion moved by TDP after it broke away from the BJP-led NDA following the Centre's refusal to grant Special Category status to Andhra Pradesh. In major political development, the YSR Congress and TDP is likely to push for acceptance of their notices for no-confidence motion against the central government when Lok Sabha begins on Monday amid no signs of a let-up in the Parliament deadlock. In the global markets, Asian share markets slipped into the red on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike US interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Japan’s Nikkei extended early losses to drop 1.3 per cent, while the MSCI’s broadest index of Asia...

Govt mulls allowing airlines with negative net worth to bid for Air India

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The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength. The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. However, when the Core Group of Secretaries on Disinvestment (CGD) met over the last two weeks to finalise the bidding norms, some members pointed out that setting high net worth as an eligibility condition would block the prospects of many airline companies. In fact, the difference in opinion between the two government bodies has led to a delay in the announcement of the expression of interest. The core group has now suggested that a company with a proven track record of running a successful airline be allowed to b...

Xiaomi Redmi 5 vs Micromax Bharat 5 Pro: Who wins value-for-money battle? 

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China-based smartphone manufacturer Xiaomi on March 14 announced the Redmi 5 in India. On the same day, home-grown electronics company Micromax announced a new budget offering, the Bharat 5 Pro. Both the smartphones compete in the same price segment of sub-Rs 10,000. While the Redmi 5 offers a modern look because of its futuristic 18:9 aspect ratio screen, the Bharat 5 Pro centres around the battery. Business Standard compared the Micromax Bharat 5 Pro and the Xiaomi Redmi 5 on ke parameters, and here is what we found: Where the Redmi 5 is ahead of Bharat 5 Pro The Redmi 5 looks similar to the recently launched the Redmi Note 5. The smartphone looks modern with its 5.7-inch 18:9 aspect ratio HD screen. The metallic chassis looks plush and the form factor is better than most of the budget smartphones, except the Huawei Honor devices. In terms of performance, the Redmi 5 uses better innards with three RAM and storage options to choose -- 2GB/16GB, 3GB/32GB and 4GB/64GB....

Spotify to launch music streaming service in India to stay ahead of Apple 

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The world’s largest music streaming service, Spotify, is looking to bring its service to India, one of the fastest-growing internet markets in the world, as it looks to boost growth and stay ahead of rival Apple. Announcing Spotify’s plans to list on public markets on April 3, CEO Daniel Ek said the Stockholm-based company was planning an entry into some of the largest markets in the world. Spotify is taking a rather unusual path to go public and will directly sell shares to the public. "We are working on launching in some of the biggest markets in the world, including India, Russia, and Africa, which have a very rich musical culture," Ek said during his presentation. He said that post IPO, the company would continue to focus on growth rather than turning on the profit machine. While no further details were divulged on when Spotify could launch its service here or its pricing in the country, the company did disclose in its IPO filing last week that it has l...