Growing the number of electric vehicles on Ola's platform is part of the terms SoftBank has put forth for the funding
Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
This comes at a time when Ola is looking to replicate nationally the success of its auto-rickshaw offering in Chennai and Bengaluru.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding
Nikesh Arora becoming successor of Masayoshi Son at Softbank yet again shows Indians are being preferred for global roles at multinational firms.
Experts believe more efforts would be needed in future funding rounds.
The new deal will value Flipkart at close to $19 billion on the secondary market, a huge jump from Walmart's initial offer to investors.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
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.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Former England captain David Beckham was officially awarded a Major League Soccer (MLS) franchise in Miami on Monday with hopes that the team will begin playing in 2020.
Japan's Asahi Shimbun, an official partner of the Tokyo 2020 Olympics, called for the Summer Games to be cancelled in an editorial
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
Jaitley assured that both the banking system and the government will make the resources available to them.
15 per cent of startups in Silicon Valley are founded by Indians.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
OlaCabs' hyper-growth and an ambitious plan to expand to 100 cities by the end of 2015 are perhaps what attracted Japan's richest man, Masayoshi Son, chairman of telecom and media group SoftBank Corp, to announce an investment of $210 million (around Rs 1,260 crore) in the company.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
While a three-year tax holiday and relaxation of capital gains for funds have been received favourably, others argue that not enough has been announced.
If the government seriously keeps out of business, the business world will know about it at a lightning speed; there would be no need for rock show-like events.
His challenge now may be coping with Alibaba's undoubted status as a whale in the world of e-commerce.
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
Internet entrepreneurs are the next big thing in India.
Amitabh Kant tells Rahul Jacob how India could be made an easier place to do business in and why India's software smarts will give it an edge.
A billion dollars in renewable energy is huge.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
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