Sri Lanka has rejected China's request for its submarine to dock at Colombo next week after a similar visit in 2014, which had triggered strong protest from India.
The move came as Prime Minister Modi is in Sri Lanka to be the chief guest at tomorrow's International Vesak Day celebrations, the biggest festival of Buddhists.
As per reports, such requests would be turned down in future too.
TVS Motor Company has entered into an exclusive strategic arrangement with Guatemala-based Masesa (Mayor Servicios Socieda Anonima) for distribution of its two- and three-wheelers in Central America.
TVS Motor currently exports its product to more than 60 countries. The Masesa alliance will help TVS Motor to make a foray into Guatemala, Honduras, El Salvador, Costa Rica and Nicaragua. On its part, Masesa will develop exclusive TVS Motor concessionaires in these markets.
Snapdeal and Nexus Reach Deal with SoftBank
Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart.
Nexus and Snapdeal founders have agreed to the terms of payment with SoftBank wherein Snapdeal founders would get $15 million each and Nexus would get $50 million to $60 million.
Flipkart is expected to sign the term sheet and start due diligence of Snapdeal.
Scientists have spotted two massive waves sweeping across the largest lava lake on Jupiter's moon Io.
Taking advantage of a rare orbital alignment between two of Jupiter's moons, Io and Europa, researchers have obtained an exceptionally detailed map of the largest lava lake on Io.
Justice (Retd.) Mukul Mudgal was elected as head of FIFA's governance committee at the world football governing body's 67th Congress in Manama.
Justice Mudgal's name was proposed by the FIFA Council for the vacant position of the governance chief after Miguel Maduro was reportedly 'fired' for his role in blocking Russian World Cup official Vitaly Mutko from retaining his seat on ruling council.
P. V. Sindhu Rested from Thailand Open
P. V. Sindhu has been rested from the Thailand Open Grand Prix Gold event while Saina Nehwal will be vying for top honours in all three upcoming tournaments.
India will be sending full teams for the Thailand Open Grand Prix Gold (May 30-June 4), Indonesia Open Super Series (June 12-18) and Australian Open Super Series (June 20-25).
Vinay Mohan Kwatra, currently a joint secretary in the Prime Minister's Office, has been appointed as the next ambassador to France.
He is a 1988-batch Foreign Service officer and will succeed Mohan Kumar, who is retiring.
Army Brings Back CASO
Signalling an aggressive stance, The army has decided to re-introduce cordon and search operations (CASO) as a permanent feature of its campaign against militants, nearly 15 years after the practice was abandoned.
The decision to re-introduce CASO as a major feature of the counter-terror operations comes against the backdrop of anger over the recent killing of young and unarmed Kashmiri army officer.
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