Ride-sharing platform Ola on Tuesday announced it has acquired Foodpanda’s India business in exchange for Ola stock. The company also announced it will invest $200 million (approximately Rs. 1,282 crores) into Foodpanda’s India business over an undisclosed period of time. “Foodpanda India will benefit from…

Industrial conglomerates GE and Tata Group have entered into a pact to manufacture “CFM International LEAP” engine components in India, for the global supply chain, a company statement said here on Thursday. According to the statement, the two companies also evinced intention…

India’s largest telecom company Bharti Airtel today announced the launch of 4G services in Dras, Kargil and Leh in the Ladakh region, saying that it has become the first operator to provide the high speed data services in the area. “Customers in…

The commuters in the Delhi-NCR region have taken the highest number of rides–clocking an average 1,969 trips per person–on the global taxi hailing company Uber, with its UberGo being the most popular product among riders, claims the American firm. Uber today claimed…

Shopping centre magnate Sir Frank Lowy has struck a deal to sell his Westfield empire in a mega deal worth $32 billion. Westfield Corporation, founded by Sir Frank in the 1950s, is set to be taken over by European commercial property giant…

Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market. Regulator Transport for London (TfL)…

General Electric Co announced on Thursday it was axing 12,000 jobs at its global power business as the struggling industrial conglomerate responds to dwindling demand for fossil fuel power plants. The U.S. company launched the cuts to save $1 billion in 2018,…