Google Maps to Introduce Metro Ticket Booking in India Google Maps will soon allow users in India to book metro tickets directly through the mapping app, the search giant announced as it deepens collaboration with the country’s open e-commerce network. Booking Metro Tickets with Google Maps At the Google for India event on Thursday, Google…
Indian Prime Minister announces consensus at G20 Summit NEW DELHI — Indian Prime Minister, Narendra Modi, declared on Saturday that the Group of 20 nations have reached a consensus on a joint declaration, despite differences over the war in Ukraine. There were concerns that negotiators and diplomats in Delhi might face challenges in brokering a…
India’s Consumer Market Set to Become Third Largest in the World by 2027 India’s Rise in Consumer Market According to a report by BMI, India’s consumer market is poised to become the world’s third largest by 2027. Currently ranking fifth, the country is expected to experience a 29% increase in real household spending, propelling it…
Uber Leads $20 Million Investment in Mumbai-based Fleet Management Company Introduction Uber has led a $20 million round into Everest Fleet, a Mumbai-based fleet management company that boasts over 10,000 vehicles running on rideshare platforms Uber and Ola throughout India. The company will use the funds to accelerate its transition to electric vehicles, with a…
New Delhi, June 25 (IANS) Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when rivals are pouring money into the 10-15 minute grocery delivery market. The company shut Ola Cars within one years of its launch, as it focuses on…
New Delhi, June 25 (IANS) Global Bitcoin trading platform Bitpanda has laid off 250 employees amid the crypto winter as digital coins crash. Billionaire entrepreneur Peter Thiel-backed Bitpanda announced that it would be reducing its headcount from nearly 1,000 employees to 730. The company, valued at $4.1 billion during their last fund raise in August…
New Delhi, June 25 (IANS) Online food delivery platform Zomato, which saw its stock tumbling below its IPO price as India reopened and retail food industry came back on track, had acquired quick-commerce grocery delivery platform Blinkit for a whopping Rs 4,447 crore (about $568 million). Will this acquisition change its future prospects? Zomato already…
New Delhi, June 24 (IANS) Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore in an all-stock deal. Zomato already owned more than 9 per cent stake in Blinkit (earlier Grofers). While the earlier Blinkit deal value was around $700 million, the drop in Zomato’s share…
Seoul/New Delhi, June 24 (IANS) South Korean underwear company Ssangbangwool said on Friday that it has submitted a bid for SsangYong Motor in the auction to find a new investor for the debt-laden carmaker. SsangYong’s lead manager, the EY Hanyoung accounting firm, received bids from interested companies for SsangYong and Ssangbangwool was the first identified…
New Delhi, June 24 (IANS) As the Indian farmers embrace technologies like big data and analytics in improving crop yield, BharatAgri app is offering personalised crop advisory to the farmers by generating a personalised crop calendar using big data and analytics taking more than 30 parameters into account. These parameters are collected from soil, water,…
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