India probably to go into Missile era institution during PM Modi’s visit To US

India Likely To Enter Missile Technology Group During PM Modi's Visit To US

India had carried out for club to the Missile generation manage Regime last 12 months (record photo)
NEW DELHI:
HIGHLIGHTS
move will help India export hello-tech missiles to different nations
As a member of MTCR, India can also buy predator drones from the us
US has successfully used to drones to kill Taliban leaders in Afghanistan
India is in all likelihood to go into the Missile generation manipulate Regime or the MTCR this week — aflow with the intention to help her export hello-tech missiles to other international locations andpurchase predator drones from the us.

reports say an announcement may also happen for the duration of high Minister Modi’s visit to the usthis week, so that you can be great

The drones have been used successfully by means of the united states to kill Taliban leaders in Afghanistan.

India had implemented for membership to the MTCR remaining yr but has confronted sturdy oppositionfrom some countries.

The Barack Obama management has strongly backed India’s club to MTCR and 3 other export manageregime — the Australia institution, Nuclear providers group and the Wassenaar arrangement.

mounted in 1987, the voluntary MTCR goals to limit the spread of ballistic missiles.

India is also aggressively pushing to come to be as member of the Nuclear suppliers organization, that isconsidering new packages at a assembly next week.

Uber Racked Up Big International Losses During 2014 Expansion

Uber Racked Up Big International Losses During 2014 Expansion

The international business of Uber, the US-based ride-hailing service, lost $237 million in 2014, a big increase on a deficit of $31.9 million the previous year, as the company expanded around the globe.

The figures, the latest available, were disclosed in an official filing lodged with the Dutch Chamber of Commerce last month. Uber’s international headquarters are in Amsterdam.

Although the filing excludes the company’s US operations, it offers a rare snapshot of Uber’s overseas performance as it rolled out its service to big cities around the world often meeting resistance from established taxi services.

Company spokesman Gareth Mead said the filing had been deposited with Dutch authorities for the first time this year, and the figures reflect a “rapidly growing company investing in more people and in more cities.”

Uber’s service was available in fewer than 100 cities at the start of 2014, compared with more than 400 now, Mead added.

The privately-held company does not publish group profit and loss figures, although documents leaked last year showed it made a company-wide loss of $109 million (roughly Rs. 733 crores) in the second quarter of 2014.

The international operations encompass more than two dozen operating companies around the globe, notably in China. Losses will probably be higher in 2015, as CEO Travis Kalanick said last month the company was losing “a billion dollars a year” in China amid a price war.

The filing, deposited at the Chamber of Commerce on Feb. 3 and first reported on Wednesday by Dutch broadcaster RTL, shows Uber International CV had net turnover of $68.3 million (roughly Rs. 459 crores) in 2014. The filing did not provide a comparable sales figure for 2013.

Major factors contributing to the large loss included a $126 million (roughly Rs. 847 crores) cost of sales, $36 million (roughly Rs. 242 crores) in wages and salaries, and $129 million (roughly Rs. 868 crores) in “other operating expenses.”

The documents showed the company had 355 international employees in 2014, around 40 of them in the Netherlands.

San Francisco, California-based Uber Technologies, Inc. is frequently said to be worth $40 billion (roughly Rs. 2,69,170 crores), based on the pricing of the sale of some of its shares to private investors in 2014.

© Thomson Reuters 2016

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Tags: Apps, Uber, Uber App, Uber Taxi App
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