Uber sells food delivery business in India for 9.9% stake in Zomato

The deal gives Uber nearly 10 per cent stake in Zomato, which has a current valuation of $3.55 billion

IMF cuts 2019 India growth estimate to 4.8%

Global growth is estimated at 2.9 per cent in 2019 and is projected to increase to 3.3 per cent in 2020 and inch up further to 3.4 per cent in 2021

RIL reports record Q3 net profit of Rs11,640 crore

Consumer business segment constituted about 37 per cent of RIL’s EBITDA, which is now set to equal hydrocarbon EBITDA

Amazon changes tac, talks of creating a million jobs in India

Amazon chief Jeff Bezoz who on Wednesday spoke of investing $1 billion in India, changed tone on Thursday and said the company will create a million jobs in the country by 2025 after India’s commerce minister said Amazon’s investment, which aims at recovering past losses, is no favour for India

India launches high-power communication satellite GSAT-30

The 3,357 kgGSAT-30 will provide continuity to operational services on some of the in-orbit satellites, replacing INSAT-4A in orbit, while also expanding reach in the Gulf countries, several Asian countries and Australia

Russian PM Dmitry Medvedev, govt resign under new Putin plan

Media speculates that with the changes in the constitution and loyalists in key positions, President Putin is planning a comeback as Prime Minister, with more powers after the 2024 elections, circumventing or scrapping rule entirely as his fourth term in office ends



Freedom at a price

Group director, strategic business, Piramal Group, Harinder S. Sikka,  author of Calling Sehmat, which has been made into the hit film, Raazi by Meghna Gulzar, in conversation with Swetha Amit on his new book Vichchoda