Ola in talks with Audi, Mercedes, BMW for subscription-based self-drive service
ride-hailing app Ola is in talks with luxury carmakers such as Audi,
Mercedes and BMW to launch a subscription-based self-driving service.
According to agency reports, Ola is trying to bring a subscription-based
model in India, where users can get access to luxury cars for a
subscription fee. The company has also earmarked $500 million as
investments for the self-drive service. However, Ola, Audi, Mercedes and
BMW did not respond to queries sent in by PTI.
At least 5 Indians killed in Sri Lanka blasts: Sushma Swaraj
Indians were among 207 people killed in multiple bomb blasts in Sri
Lanka, External Affairs Minister Sushma Swaraj said Sunday.The external
affairs minister said she spoke to Sri Lankan Foreign Minister Tilak
Marapana who confirmed that 207 people were killed and more than 450
were injured in the blasts. A string of eight devastating blasts,
including suicide attacks, struck churches and luxury hotels frequented
by foreigners in Sri Lanka on Easter Sunday.
India must complete its reform process in the coming five years, says economist Arvind Panagariya
must focus on growth of labour-intensive sectors to create decent jobs
for the masses as well as give "serious thought" to privatising the
public sector banks (PSBs), eminent economist Arvind Panagariya has
said, emphasising that the reform process must be completed in the
coming five years.
Jet Airways crisis: Lenders keen on non-IBC resolution if bidding fails
they explore ways to recover debt, lenders of Jet Airways are in favour
of a resolution outside the insolvency law framework in case the
ongoing bidding process fails to take off, sources said. Recovery on the
basis of existing security and tangible assets would be a preferred
option, they added.
Over 200 delayed railway projects face cost overrun of Rs 2.21 lakh crore
transporter Indian Railways account for nearly three-fifths of 344
central sector projects that are facing huge cost overrun due to delay
in implementation for various reasons.According to the report, the total
original cost of these 205 projects was Rs 1.68 lakh crore up to
December 2018. The total anticipated cost of these projects is estimated
at Rs 3.89 lakh crore, which indicates overall cost escalation by
131.83 per cent.
Despite TikTok ban, parent Bytedance plans $1 billion investment in India
parent company Bytedance has revealed plans to invest $1 billion in
India over the next three years. The Chinese IT major will reportedly
increase its workforce in India to 1,000 people by the end of this year.
Bytedance's plans for India come close on the heels of a court-imposed
ban on TikTok over allegations of sharing inappropriate content.