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Japanese internet giant and a major stakeholder in Ola Cabs, ‘Softbank’ has said, “the relationship with Ola’s co-founder and CEO, Bhavish Aggarwal is open and transparent with Bhavish Aggarwal.”In an interview to Times of India, Sumer Juneja, partner, and India head, SoftBank Vision Fund said, “I have joined the Ola board this year. but I must say that the relationship between Bhavish and SoftBank is very open…

RBI's ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for the post at Bank of England.”Speaking in an interview on BBC, when Sarah Montague anchor of HardTalk show, asked about “the governor’s post at the Bank of England.”Raghuram Rajan said, “He is perfectly happy with his job,” and “that’s not a diplomatic answer, it’s the…

Amazon Boss and world richest person on the planet, Jeff Bezos, said that “I'm spending my billions on space because we're destroying the Earth.”Jeff Bezos, who had invested billions in the development of space technologies through his aerospace venture called Blue Origin, When he was asked, in an interview with Norah O'Donnell of “CBS Evening News,” that, “Why he is investing billions in space projects? ”…

Ebix Inc, a U.S. based, leading supplier of On-Demand software and E-commerce service provider to healthcare, insurance and finance, and e-learning industries has announced to acquire Yatra Online through merger deal of $337.8 million.In a statement issued by the company, Ebix said that “The company has agreed to acquire the Yatra Online through merger, and in connection to this, each ordinary shares of Yatra…

In the name of protection of the national security and startup ecosystem, Swadeshi Jagran Manch (SJM), an economic wing of Rashtriya Swayamsevak Sangh (RSS), on Monday asked for a complete ban on the Chinese short video creating apps like TikTok and Helo.In a letter to the Prime Minister of India, Narendra Modi, SJM’s All India, Co-convener, Ashwani Mahajan said that “While we have the extensive regulation on…

The U.S. President Donald Trump on Thursday said, "He is not a fan of cryptocurrencies, and if Facebook wants to become the bank, then Facebook may need a banking charter for it."In a series of tweet, President Trump on twitter tweeted that "I'm not a fan of Bitcoin and other Cryptocurrencies, but an Unregulated Crypto Assets whose value is highly volatile and based on thin air and can be used to facilitate…

The former American ambassador to China on Tuesday said that “I believe that that the tariffs imposed by the U.S. on the Chinese goods are normal.”In an interview with the CNBC, the former American Ambassador Max Baucus said that “I frankly believe that we’re in a new normal here and there is no rollbacks or no increase in tariffs on Chinese products.”Speaking on the U.S. tariffs on Chinese products, Max…

A Neckarsulm, Germany based supermarket giant Lidl is planning to invest 1 million euros in installing over 4,364 solar panels in its distribution center which is being built in Ireland.In a statement announced by the company on Monday Morning, the Lidl said that “Cutting the center’s carbon output by around 473 tonnes, This installed solar panels would generate over 1 million kilowatts of energy per year.”…

Toch, a Mumbai-based interactive video platform which uses deep learning and AI technology, has secured an undisclosed amount in its pre-series A round funding from Mumbai Angels Network, Hyderabad Angels, Mihir Modi, and some other investors.Founded by Vinayak Shirvastav, Alok Patil and Saket Dandotia in 2016, “Toch will use the new round funding for business expansion, hiring and to enhance technology.”…

India’s leading online food delivery company, Zomato, on Monday, announced the acquisition of ‘Feeding India’ a not for profit organization which serves meals to more than 1.1 million underprivileged each month.”In a statement, the company said that “The acquisition of Feeding India will allow the company to pay the salary of the feeding India’s entire team and will also fund in some of its core initiatives.”…