Uber wins $1 billion investment from Toyota, SoftBank fund : Bulletin: Business Today
Business Today

Uber wins $1 billion investment from Toyota, SoftBank fund

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April 19, 2019

AI offers 'rescue' fares to stranded international passengers of Jet Airways

Air India on Thursday announced special fares to international passengers of Jet Airways who have been stranded due to the grounding of the airline. The state-owned carrier's decision came hours after the civil aviation ministry asked airlines to look at whether there can be "rescue fares" for stranded passengers of Jet Airways. The "special stranded" fares have been offered to passengers at overseas airports such as Paris, London Heathrow, Singapore, Dubai, Hong Kong, Abu Dhabi, Jeddah, Dammam, and Muscat, among others

Reliance Industries Q4 net profit surges 9.8% to Rs 10,362 crore, revenue jumps 19.4%

Mukesh Ambani-led Reliance Industries Limited on Wednesday reported 9.8 per cent year-on-year growth in its consolidated net profit at Rs 10,362 crore for the fourth quarter ended March 31, 2019. The company's revenue grew by 19.4 per cent to Rs 1,54,110 crore in March quarter from Rs 1,29,120 crore in the year-ago period

Uber wins USD 1bn investment from Toyota, SoftBank fund

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of USD 1 billion in US company Uber to drive forward the development of driverless ridesharing services. The latest cash injection, expected to close in the third quarter this year, came amid fevered anticipation of Uber's public share offering which is expected to be the largest in the tech sector for years.

Amazon, Google agree to allow each other's streaming apps

Amazon and Google announced Thursday they had agreed to allow each other's streaming media applications to work on their platforms, ending a spat over video between the tech giants. The companies said that the official YouTube apps will be available on Amazon's Fire TV in the coming months, allowing users of the Amazon platform to access the music videos, movies, shows and other content from the Google-owned service. The agreement also enables Amazon Prime members streaming to Chromecast or using Android TV devices to access Amazon's video content.

Don't resort to predatory pricing of tickets: Govt tells airlines

The Ministry of Civil Aviation Thursday directed airlines to keep fares at affordable levels and not indulge in predatory pricing, amid rise in ticket prices. Civil Aviation Secretary Pradeep Singh Kharola said the movement of airfares is being closely monitored.

Pak's Finance Minister Asad Umar quits after PM Khan shifts him to energy ministry

Pakistan's Finance Minister Asad Umar abruptly quit the Cabinet Thursday in the middle of the negotiations to secure a crucial multi-billion dollar IMF bailout package for the cash-strapped country, amid mounting criticism over the handling of the economic crisis. Umar, who recently returned from a trip to the US in which the details of Pakistan's next International Monetary Fund (IMF) bailout were finalised, said he was asked to take the energy portfolio following a reshuffle in the Cabinet.

Amazon collaborates with banks to make premium smartphones affordable for Indians

E-Commerce pioneer Amazon will be making premium smartphones affordable for Indian customers. The E-commerce giant is collaborating with banks, financial institutions and credit rating companies to make credit options available for buyers allowing them to pay for their devices at their convenience.

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