Uber and Ola had suspended surge pricing in Delhi after the Delhi government’s directive, but it looks like it’s back. On the first day of the diesel car ban in Delhi, both Uber and Ola have resumed surge prices to the capital.
Jabong’s parent company, Global Fashion Group, has secured a $346 (EUR 300m) million from Kinnevik and Rocket Internet. While Rocket Internet will underwrite around EUR 100 million of the financing, it will invest around EUR 85 million including the conversion of an existing investment at the terms of the financing.
It’s a sign on the changing times. HMT, one of India’s most beloved watchmakers, has finally shut down its last factory in Tumkur. With it, HMT watches, once a staple for young men across the country, will become a thing of the past.
They say that whatever happens, you can’t escape death or taxes. But that doesn’t seem to hold for 99% of India’s population.
In addition to the roads in the cities around India, Uber and Ola will now battle it out in the courtroom. Uber has sued Ola for $7.5 million for trying to sabotage its platform by repeatedly making fake bookings and then immediately cancelling them.
In his grey T-shirts and faded jeans, Mark Zuckerberg can come across as the boy next door. But he’s not a boy next door at all. He’s the founder and CEO of one of the most powerful companies in the world. And with his VVIP status, comes an elaborate security detail.
Murthy is also very private, and little is known about his personal life. But he’s offered a glimpse into his family life in an open letter to his daughter. He letter talks about her upbringing, the family’s struggles when they didn’t have enough money, and has sage advice that shall resonate with all young Indians.
The most valuable company in the world has had an incredible few years. It’s broken records year quarter after quarter, and its earnings and stock price have soared. But this quarter was different.
In a sign of India’s growing prominence as a market for Amazon, its India MD, Amit Agarwal has found a place in CEO Jeff Bezos’ core team.