China’s Didi Kuaidi Firms Up Anti-Uber Alliance, Invests in Ola
China’s most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging US rival Uber Technologies Inc. Didi joins existing investors including SoftBank Corp, Falcon Edge, Singapore sovereign wealth... read more »
Ola Opens Up API for Mobile Apps, Individual Developers
Taxi aggregator Ola Saturday announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company’s offering with their platforms. “The public release of our API to developers is a giant leap in collaborative technology. With... read more »
Dr Reddy’s climbs as drug maker launches Nexium’s generic
NEW DELHI: Shares of Dr Reddy’s Laboratories surged over 6 per cent in Monday’s trade after the drugmaker launched a generic version of Nexium following approval from the United States Food & Drug Administration (USFDA). Nexium is the world’s second most selling drug. It... read more »
Gold ETFs witness outflow of Rs 363cr in Apr-Aug FY 2016
NEW DELHI: Investors continue to pull out money from gold exchange-traded funds (ETFs), but the pace of outflow has slowed down in the current fiscal on account of the sluggish equity market trends. The Gold ETFs witnessed a net outflow of Rs 363 crore in the first five months (April-August) of... read more »
CBI raids Himachal Pradesh CM’s residence in disproportionate assets case, FIR regis...
NEW DELHI: The Central Bureau of Investigation teams on Saturday filed a case against Himachal Pradesh chief minister Virbhadra Singh and carried out raids at 11 places including his... read more »
Pfizer to sell Thane plant to Vidhi Research for Rs 178 crore
Drug firm Pfizer has said it has entered into a business transfer agreement to sell its Thane plant as a going concern to Vidhi Research and Development LLP for Rs 178 crore. In a BSE... read more »
Sterlite Technologies acquires Elitecore Tech for Rs 180-crore
NEW DELHI: Sterlite TechnologiesBSE 2.23 % today announced the acquisition of telecom software product firm Elitecore Technologies at Rs 180 crore in an all-cash deal to widen its telecom... read more »
Volkswagen emissions scandal spreads to Europe and threatens to embroil more models and ri...
The Volkswagen and Audi diesel emissions scandal which has thrown the global car industry into turmoil has spread to Europe and threatens to embroil more models and rival carmakers. The... read more »
French Court Confirms Ban on UberPOP Ride-Sharing Service
PARIS: France’s highest court on Tuesday confirmed a ban on controversial ride-sharing service UberPOP, dismissing a constitutional appeal by the US company. France in January banned the... read more »
