Ola in New Delhi

NEW DELHI: India’s leading online taxi-hailing company Ola has won a legal reprieve to operate in New Delhi, prompting US-based rival Uber to file a similar suit on Friday to challenge the rejection of their licence applications in the capital city. Transport authorities in New Delhi this month started impounding vehicles contracted to Ola and Uber saying the firms were violating ban orders imposed in December after a woman passenger accused an Uber driver of rape. Acting on a petition by Ola, the Delhi High Court on Thursday reiterated that the government’s ban was not valid and could not be grounds to reject the its application to operate its taxis in the city. The court also said the authorities should write to Ola with requirements for a licence within 10 days, according to a copy of the order seen by Reuters. — Reuters

Android in BlackBerry

TORONTO: BlackBerry is considering equipping an upcoming smartphone with Google Inc’s Android software for the first time, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familiar with the matter. The move would be an about-face for the Waterloo, Ontario-based company, which had shunned Android in a bet that its BlackBerry 10 line of phones would be able to claw back market share lost to Apple’s iPhone and a slew of devices powered by Android. The sources, who asked not to be named as they have not been authorised to discuss the matter publicly, said the move to use Android is part of BlackBerry’s strategy to pivot to focus on software and device management. BlackBerry, which once dominated smartphone sales, now has a market share of less than one per cent. — Reuters

US producer prices

WASHINGTON: US producer prices in May recorded their biggest increase in more than two-and-a-half years as the cost of gasoline and food rose, suggesting that an oil-driven downward drift in prices was nearing an end. The stabilisation in producer prices should support views that Federal Reserve will raise interest rates this year. While the labour market has tightened, there have been few clear signs that inflation was poised to rise back toward the Fed’s two per cent target. The Labour Department said on Friday its producer price index for final demand increased 0.5 per cent last month, the largest gain since September 2012. — Reuters

Change at Twitter

SAN FRANCISCO: Twitter CEO Dick Costolo, who helped turn the trendy messaging startup into a global town square, is stepping down amid criticism over the company’s disappointing financial performance and a recent stock slide. Co-founder Jack Dorsey, who served as CEO during Twitter’s early years, will temporarily take the reins while the San Francisco company looks for a permanent replacement. Investors greeted the move with enthusiasm, driving Twitter shares up nearly six per cent. — AP