"This will enable people from both the countries to immediately and at low-cost transfer funds (by) just using their mobile phones," Indian Prime Minister Narendra Modi said

Amazon is talks with Times Internet on the possibility of buying MX Player, one of India's largest on-demand video streaming services, new report says

Chinese tech giant's sell-out comes days after Paytm posted its first-ever quarterly operating profit. Meanwhile, Morgan Stanley Asia bought 5 million Paytm shares in trading on Friday

Tech giants like Alibaba have long been involved in financial services and some also do cloud computing to run services for banks. Boundaries on their work are blurring, the BIS says

The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka, which needs the backing for a $2.9 billion bailout by the International Monetary Fund, sources say

Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default

Thousands of Indian IT workers in the US who lost their jobs in mass layoffs by tech giants in recent months are hunting new jobs in a desperate bid to say in the country

Local court finds Suncity casino executive guilty of running a vast criminal syndicate, enabling illegal gambling, fraud and a notorious 'under-the-table' gambling scam

Beijing has been taking 'golden shares' in private online media and content companies for years, as part of a campaign to strengthen control over online content

Regulators have asked banks to provide more convenient settlement services, to extend overseas yuan lending and 'encourage innovation in cross-border yuan settlement'

Chinese billionaire and company founder Jack Ma will see his voting rights slashed from more than 50% to just 6.2% under the move

India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.