Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other.
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
Sonam Malik,19, is the youngest Indian woman wrestler to qualify for the Olympic Games.
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
Rural slowdown may delay growth in the economy.
Sales of diesel-powered utility vehicles have been declining in the past six months as the differential between petrol and diesel prices narrowed.
Can India really succeed when it leaves some of its underprivileged so far behind that they simply do not matter, asks Aseem Chhabra
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
The Honda Navi is quirky in its nature and has a love-it-or-hate-it aura about it, but one thing is for sure that you can't ignore it, says Naveen Soni
Javadekar, along with Piyush Goyal and Dharmendra Pradhan, is among the few ministers who have party as well as ministerial responsibilities.
Passenger vehicle wholesales in India slipped to a 10-year low in the April-December this fiscal, and the industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday.
Market leader Maruti Suzuki sold 51,274 units, down 49.61 per cent from the same month last year. Hyundai Motor sold 21,320 units, a decline of 49.25 per cent and Mahindra & Mahindra sold 8,075 units, down 54.54 per cent.
India's Bajaj Auto Ltd said on Monday its Akurdi plant in Pune would resume working for six days a week, 20 months after the company cut the number to five.\n\n\n\n
The growth in the PV segment was primarily led by car market leader, Maruti Suzuki India, which saw its dispatches to dealers grow 4.4 per cent YoY to 144,277 units after 10 months of drop. It was driven by new launches, such as the S-Presso, a mini sport UV.
Fernandes sent defence ministry officials on familiarisation trips to various parts of Jammu and Kashmir and to the areas bordering China in Arunachal to see for themselves the difficulties faced by border guards.
Global management recognised India's potential.
Here are 6 Indian motorcycles which were complete failures in the Indian two-wheeler market.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
Looking back at the history of the Memon family from March 12, 1993 to July 30, 2014
Joe Previtera, the Australian television cameraman behind an infamous cricket sledge blamed on former Australia spinner Shane Warne, stole the media spotlight once more with a farcical crash while riding a Segway scooter on the Melbourne Cricket Ground.
Tendulkar, unarguably the greatest batsman in modern cricket, was coached by Achrekar at the Shivaji Park in Mumbai's Dadar as a child.
The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.
Rahul alleged that the BJP-led government wanted to take money from the common man to give it to its "rich friends" and asked it to tell the people why they were not reducing the price of petrol in the country.
An average of 30-40 per cent automation is standard across all big automobile plants in the country
Incessant rains over the past two days in eastern Rajasthan have led to a flood-like situation in the region and severed road connectivity to many areas.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
If receipts from disinvestment, tax buoyancy and black money scheme offset shortfall in spectrum sale, higher expenditure due to pay commission's recommendations and capital expenditure, then the government would be able to meet the target of controlling fiscal deficit at 3.5 per cent of GDP this financial year.
The recovery seen in the increased economic activity till September or October is running out of steam. Labour statistics indicate a substantial slowing down of the economy in November, notes Mahesh Vyas.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
Like the Beetle, the Mini and the Fiat 500, the Vespa too went from being a mere machine to a worldwide cult, feels Kyle Pereira.
The snowfall has set in cold wave like conditions in the Valley as electricity supply in many areas was snapped as a precautionary measure, they said, adding that dewatering pumps were made operational in the city to avoid waterlogging.
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
Delhiites woke up to a rain soaked pleasant morning on Thursday which brought down the temperature to 22.4 Celsius, six notches below the season's average.
These concept vehicles were showcased at the recent Los Angeles Motor Show.
Rajiv Satyal is a standup comedian. He resides at the intersection of Indian comedy and Seinfeld quotes. So you can imagine what a Seinfeld show in India affected him!
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
