Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
That's because India does not have a serious venture capital industry with an appetite for risk, observes T N Ninan.
The highest cap for the capacity would be 2 GW and can be set up in tranches at whatever location the project developer deems fit.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
Less than a week after its CEO and co-founder Rahul Yadav was sacked, realty portal Housing.com's website was hacked on Monday.
While BlackRock is an existing investor in Byju's, T Rowe joined as a new investor.
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
The company did not disclose the valuations at which funds were raised.
Wipro chairman Azim Premji on Thursday called on Prime Minister Narendra Modi.
It's truly a wonderfully weird world around us. Want proof? Take a look.
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
India Meteorological Department has predicted deficient rains.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
The two new markets are overwhelmingly dominated by US ride-hailing giant Uber, which has been able to edge out local start-ups
Snapdeal had appointed merchant bankers for listing on an American stock exchange
Snapdeal to invest up to $200 mln to improve deliveries.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
Electric mobility in India is touted to be the way to the future, but implementation of large-scale projects to bring infrastructure for charging is still lacking.
The move comes at a time when Snapdeal is aggressively looking at optimising costs amid intense battle with Flipkart and Amazon.
Paytm will not be available for download now but there will be no impact on existing users of the app. 'The app was blocked for violation of play policies - a clarification of our policy was released earlier today ahead of the IPL (Indian Premier League) tournament,' Google said in an e-mailed response on Friday.
In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both the driver-partners as well as the users, more choice.
SoftBank-backed OYO now 100,000 rooms brand, eyes another 100,000 by Mar 1
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
While Indian telecom czar Sunil Mittal's Bharti did not share deal details, UK Business Secretary Alok Sharma said his government and Bharti Global, will provide $500 million each.
India will shortly unveil a 'One Nation-One Card policy' for public transport that will entail connectivity between various modes of transport
Just as his father Sunil Mittal ignited a revolution in telecom in India, Kavin is trying to do so in a space that represents the rapid convergence of two industries-the internet and telecommunications.
Goldman-HDFC JV and OYO Hotels & Homes are betting big on student housing, says Raghavendra Kamath.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance
Real estate portal Housing.com has sacked its CEO Rahul Yadav.
The proposals outline what would effectively be a mini-World Cup, featuring eight international teams, every two years in addition to the traditional event.
Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
Ola did not disclose financial details of the investment.
Infosys shares drag key indices after company lowers dollar revenue guidance for FY13
US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion.
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