Ola Electric Mobility – Investment by Ratan Tata

Ratan Tata invests in Ola Electric Mobility in personal capacity. Ratan Tata’s investment in Ola Electric is a significant endorsement of the company’s approach to developing an electric mobility ecosystem.  Ola’s announcement : Ola Electric Mobility announced that Ratan Tata, Chairman Emeritus of Tata Sons, has invested in the company as part of its Series […]

Garment workers call for fair deal – Bengaluru

Garment workers in Bengaluru seek fair deal.   Bengaluru is India’s top producer and exporter of ready made dresses.  The city is the biggest manufacturer of ready made attire with over 1200 factories engaging around 4.5 to 5 lakh workers. The garment industry in Karnataka is the largest employment provider next to beedi industry.  The majority […]

Self-drive service – Ola – investment $500 million

Self-drive service introduction by Ola is aimed at broadening its portfolio of transportation solution.  Ola to invest $500 million in self-drive service. The move to enter the self-drive rental service category is in line with Ola’s broader strategy of expanding its bouquet of transport solutions beyond just cabs .  It is planning to include scooters […]

Larsen & Tourbo takeover bid – Mindtree

Larsen & Tourbo takeover bid of Mindtree is in process according to reports.  Larsen & Toubro’s (L&T’s) hostile takeover bid for MindTree at Rs 980 per share in an all-cash transaction has got a thumbs-down from analysts. The hostile takeover, if goes through, will be a misfit for the engineering and construction giant, at least […]

Oyo Hotels records net loss Rs.360 crore

Oyo Hotels and Homes has reported a more than three-fold jump in revenue for its India operations for the year ended March 2018. The SoftBank-backed hospitality chain also managing to rein in losses for the 12-month period. The firm has also projected a revenue of almost Rs 1,500 crore for the current fiscal which, if met, […]

Sachin Bansal – Filpkart co-founder – OLA Cabs

Sachin Bansal, Co-founder of Flipkart has invested Rs.150 crore in home grown cab-hailing major ola cabs.  Bansal left flipkart following Walmart’s acquisition last year.  Sanchin Bansal  is in talks with many Start-up companies to invest. In October last year, the Bengaluru-based company had announced raising $1.1 billion funding from China’s Tencent Holdings and SoftBank Group. […]

Goibibo and MakeMyTrip – Fake news

Is the news fake in social media about Goibibo and MakeMyTrip? A message that is going viral in WhatsApp claims that online portal like Goibibo and MakeMyTrip are now banned.  It has created a wave of panic among those who have booked through them. Both online portals cater to bus, flight and hotel bookings throughout India […]

GlaxoSmithKline In Exclusive Talks To Sell Horlicks Unit To Unilever

GlaxoSmithKline In Exclusive Talks To Sell Horlicks Unit To Unilever Horlicks, a 140-year-old brand, a malted drink in India is been sold to Unilever. Unilever to acquire Horlicks and other consumer healthcare nutrition products from GlaxoSmithKline. London/Rotterdam –Unilever announced it has signed an agreement to acquire the Health Food Drinks portfolio (GSK HFD) of GlaxoSmithKline (GSK) in India. The […]

Innovation Authority – Karnataka State Startup

Innovation Authority being set up in Karnataka. The State will soon set up an innovation authority to empower the startups for the ‘ease of doing business’.   This initiative is to protect the IP of Companies. To give a fillip to protect the intellectual property of co’s, the State government is setting up an Innovation Authority.  […]

India Bio at Tech Summit 2018, Bengaluru

India Bio at Tech Summit 2018 will showcase the focus of the biotech industry through chosen innovation, theme and impact. The Department of IT & BT, Government of Karnataka is organizing the Tech summit from 29th November to 1st December 2018. The venue will be Bengaluru Palace, Bengaluru India Bio is having its flagship event […]