BT Podcast: Ride-hailing firm Uber exits SE Asia, Grab takes over : Bulletin: Business Today
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BT Podcast: Ride-hailing firm Uber exits SE Asia, Grab takes over

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March 26, 2018

Uber exits SE Asia in latest retreat from global markets
Singapore-based company Grab is taking over the ride-sharing and food delivery operations of Uber in South East Asia with the California-based company to receive a 27.5 per cent stake in the business in return as reported by PTI. The sale is Uber's latest withdrawal from a market where it had faced fierce competition, as new chief executive Dara Khosrowshahi seeks to stem huge losses and move past a series of scandals. The deal with Grab ends a years-long fight for market share in a region that is home to some 650 million people and an increasingly affluent middle class.

AirAsia to offer domestic flight tickets starting from Rs 850
AirAsia today announced fares as low as Rs 850 to domestic destinations and Rs 1,999 to international destinations, if tickets are booked from its website or mobile app between March 26 and April 1. The fares would be applicable for travel between October 1 to May 28, the airline said in a statement. "The promotional one way all-in fares start from Rs 850 and the discount applies to all bookings made through airasia.com and the AirAsia mobile application," it said. Tickets to international destinations such as Kuala Lumpur, Bangkok, Phuket and Melbourne can also be booked at as low as Rs 1,999, the statement said.

Mukesh Ambani's son all set to marry Shloka Mehta in Dec
The son of the richest man in the country proposed to diamantaire Russell Mehta's youngest daughter Shloka Mehta at a pre-engagement ceremony in Goa. The two families and close friends gathered at a plush five-star resort on Saturday for a 'get-to-know-each-other' before the formal engagement. The wedding of Akash Ambani, the scion of India's richest family, is on the cards for later this year. While the dates of either the wedding or engagement of Akash Ambani have not been finalised yet, the couple is likely to get formally engaged in June and the wedding is likely to be held in early December.

UIDAI to rollout face authentication feature for Aadhaar verification from July 1
To prevent frequent Aadhaar authentication failures, the Unique Identification Authority of India (UIDAI) is all set to rollout face authentication alongside iris or fingerprint scan for Aadhaar verification from July 1, 2018.

Challenging times ahead for Indian railways
Indian Railways is up for some tough times and difficult choices as the financial year comes to an end. Just a week is left for the current financial year to end. Its incremental income generation has turned negative as of February-end as reported by Daily News and Analysis. "The financial position of the Railways is very tight and efforts need to be intensified to achieve the earnings target as an amount of Rs 34,168 crore is yet to be achieved," as per a record of the recent meeting at the Railway Board where financial advisors of all Railway zones were directed to make extra efforts to reach closer to the targets.

Chidambaram brews debate on twitter
On Sunday, senior Congress leader and former finance minister P Chidambaram took to twitter to share his experience at the Chennai airport.Chidambaram asked the Twitterati if he was right in declining a cup of tea priced at Rs 135 at the Chennai airport. In another tweet he was surprised to know that there are many who buy coffee at Rs 180. He followed it up with a question asking if he is outdated. The leader was trolled on twitter with twitterati bringing up the ongoing money laundering case against his son Karti Chidambaram and trolling him for his lack of knowledge over rising prices. The tweet has been trending on twitter

Rahul Gandhi accuses PM of leaking Narendra Modi app data
Congress President Rahul Gandhi on Sunday accused the Prime Minister of leaking Narendra Modi app data and giving it to American companies. In a tweet, Rahul Gandhi alleged that Prime Minister's official mobile app gives all data to companies in US. Gandhi was referring to a report in which a French security researcher said when you create a profile in the official @narendramodi #Android app, all your device info (OS, network type, Carrier) and personal data (email, photo, gender, name) is sent without your consent to a third-party domain called http://in.wzrkt.com.


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