business

5 things the Uber-Didi Chuxing deal tells us

Ride-hailing app Uber has decided to merge its China business with market leader Didi Chuxing. Uber global will receive 5.89 percent in the combined company that would be valued at $35 billion. Chairman of Didi Cheng Wei, will join the board of Uber while Travis Kalanick, Uber Chief Executive, will[Read More…]

Verizon buys Yahoo for $4.8 billion

Yahoo has agreed to sell its core website business to Verizon Communications for $ 4.8 billion, according to multiple reports. On February 3, Yahoo had announced that it is open for a bid to explore other strategic alternatives. After months of wait, Verizon bought the staggering company at lowest price[Read More…]

Cairn Energy seeks $5.6 billion from India

Cairn Energy filed a case against India in an international arbitration court seeking compensation of $5.6 billion for raising a retrospective tax demand of ₹29,047 crore on a 10-year old internal reorganisation of its Indian unit. The firm says India has not given its investments “fair treatment” as expected under[Read More…]

Who’s more ‘desi’: Uber or Ola?

Acrimony among unicorn startups is the latest trend. Gone are the days when companies made their dissent for the competition known in hushed circles. Today’s startups are far more aggressive. After several Twitter repartees between online e-tailers, Snapdeal and Flipkart, the latest fight is between taxi aggregators, Ola and Uber.[Read More…]

The fault in our startups

Just six months after firing over 300 people and facing mass backlash over the layoffs, restaurant search and discovery service, Zomato is again hiring people. As Newsd discovered, the company website is proudly carrying the “We’re Hiring!” advertisement on its homepage. (see image) This periodical cycle of hiring and firing[Read More…]

Bisleri, Aquafina, Kinley under FSSAI scanner in India

According to media report, the Food Safety and Standards Authority of India (FSSAI), the body which regulates the food and water in the country, has put some of the biggest names in the packaged water manufacturer market under the scanner for not operating with proper licenses. According to the report,[Read More…]

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