The Boston Consulting Group (BCG) now says ridesharing is good for you, cities, countries, the world - in a study that was funded by Uber.

It appears the govt may be softening its stand on how it would like to sell Air India; According to the IMF, global debt, public and private alike, hit a record $164 trillion in 2016 - almost 225 per cent of the world's economy and an Uber-BCG report has concluded that Indian cities are 149 per cent more congested than other Asian cities. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The congestion levels in Kolkata and Bangalore stand alarmingly higher at 171 per cent and 162 per cent respectively, while Delhi emerged as the least congested city (129 per cent).

Uber's new COO Barney Hardford said the Indian market has such a huge potential that the company won't settle for minority stakes in deals here. The world's most valued startup's comments come in the wake of talks of a merger of its India unit with homegrown rival Ola.

US-based cab aggregator Uber today said it is open to forming alliances in the Indian market but will not agree to a deal where it ends up with a minority stake.

Leisure travel in India is set to witness a new boom as millennials get ready to splurge.

On a recent visit to India, Business Today's  Deputy Editor Venkatesha Babu, met Johnson to understand her plans for India.

With industry needs rapidly changing due to advancing technology, a host of online courses, both globally and locally designed, have sprung up to help professionals upgrade their skills.

Before selling its Southeast Asian unit to Grab, Uber had sold its Chinese unit to rival Didi and its Russian unit to Yandex.

With Uber considering a public offering in 2019, it would make sense for the company to pitch India's growth potential to investors, said one industry source, adding it also needs to balance that by showing profitability.

Southeast Asia's largest acquisition deal was signed this weekend. Earlier this morning, Singapore-based Grab announced that that it has acquired Uber's Southeast Asia operations. This ends the nearly-five year old journey of the US-based company in the region, which began in Singapore.

The deal, which could be announced as early as Monday, marks the industry's first big consolidation in Southeast Asia and puts pressure on rivals such as Indonesia's Go-Jek, backed by Alphabet Inc's Google and China's Tencent Holdings Ltd.

The first Redmi 5 flash sale in India lasted only minutes; Huwaei P20 Pro to have a 40MP shooter in its rear triple camera setup; first death involving a self-driving car and more in this episode of BusinessToday.In Daily Tech Wrap with Vivek Punj.

A 49-year old woman died after being hit by a self-driving Uber car. This marks the first fatality by an autonomous vehicle. Watch BusinessToday.In video where Danny D'Cruze discusses the implications of the incident regarding the development of robot cars.

The ride services company said it was suspending North American tests of its self-driving vehicles, which are currently going on in Arizona, Pittsburgh and Toronto.