The taxi market in China just got a lot less competitive, with Uber merging with rival Didi in a $35 billion deal. Bloomberg, which broke the news of the deal, said that investors in Uber China - owned by San Francisco-based Uber, Baidu Inc and others - would receive a 20% stake in the combined company. LiveMint
Advanced Enzymes IPO has made a healthy debut in the BSE and NSE, and stocks have listed at a premium of 35%, at Rs 1,210 per share as opposed to the offer price of Rs. 896. FE
In terms of the economy, thinks are looking rosy for the Modi government with experts estimating that India could hit 8% growth this year, thanks to growing investment in public infrastructure, and farm-led growth helped along by a good monsoon. Vehicle sales have risen and exports have made a modest recovery. 8% could make India the fastest growing economy, as China reels under a manufacturing contraction. ET
Photo of the Day: Dhaka's Buriganga river, the lifeline of the city, has turned nearly black from pollution. NatGeo
