Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion, a person familiar with the matter said on Thursday.

The Lok Sabha gave its nod to the central government's request to boost the capital health of Public Sector Banks

The court ruling will also hurt the company's expansionplans across Europe as it'll now have to function under the stricterregulations for taxi associations that have to pay heavy licencing fee andother staff-related benefits. 

Facebook and Whatsapp have run into trouble in France. They have been issued with formal notices by the data protection watchdog of France

Microsoft (US) has reportedly emerged as the highest paying firm this year, offering students a package of around Rs 1.4 crore, inclusive of bonuses and stock options, for profiles in their Redmond headquarters.

India's economic growth in the second quarter (July-September) of current fiscal rose to 6.3 per cent compared to 5.7 per cent in first quarter (April-June). The GDP growth is in line with Forecasts made by SBI Research, Ficci, Reuters poll and Bloomberg.

Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

Coal India (1.38 percent), Tata Steel (1.05 percent) and Maruti Suzuki India (0.92 percent) are the top gainers on Sensex. Rupee trading at 64.36, a two-month high level. Maruti Suzuki continues its winning streak. Stock hits a fresh high Rs 8,575. Year-to-date returns stand at a stellar 61.09 percent.

Khosrowshahi said while he couldn't erase the past, he could commit on behalf of every Uber employee that they would learn from mistakes

Discovery of the company's cover-up of the incident resulted in the firing of two employees who led Uber's response to the hack, said Dara Khosrowshahi, who was named CEO in August following the departure of founder Travis Kalanick.

Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion, according to two people familiar with the matter.

While, the much-hyped Tesla Model 3 is expected arrive in India around the same time as new Nissan Leaf, things are set to heat up in the growing electric cars segment in India.

Khosrowshahi, 48, would take on the daunting task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses.

Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the tech industry.

Southeast Asian ride-hailing service Grab expects to raise $2.5 billion in a record round of fundraising to cement its lead over Uber Technolgies Inc in the region and grow its payments platform.

\"We're focusing on autonomous systems,\" Cook said in an interview on Bloomberg Television on June 5. \"It's a core technology that we view as very important.\"

Uber CEO Travis Kalanick will take a leave of absence for an unspecified period and let his leadership team run the troubled ride-hailing company while he's gone.

Uber had hoped Levandowski, one the most respected self-driving engineers in Silicon Valley, would help the ride services company catch up to rivals including Waymo

Uber Technologies Inc suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.

Companies that have understood the ecosystem are partnering with us in our skilling initiative in a big way, Union Minister of State For Skill Development and Entrepreneurship, Rajiv Pratap Rudy, tells Anilesh S. Mahajan.