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Every morning, Jose Leon, 33, rides his two-wheeler to work in Hyderabad’s Jubilee Hills area, covering a distance of 10 km in under 30 minutes. “While driving in India, I only think of surviving,” he says with a straight face. “But it is not that dang…
Amazon said on Saturday it has partnered with thousands of neighborhood stores — locally known as kirana stores — across India to use them to store and deliver goods. Amazon partners with thousands of kirana stores all over India as delivery points. It…
Faraday Future, headquartered in Los Angeles, California, is a start-up technology company focused on the development of electric vehicles. Jia Yueting, a Chinese billionaire businessman is the co-founder and the former CEO of Faraday Future. The compa…
Toyota just invested $349 million in the flying taxi startup Joby Aviation. The two companies say they will work together, Joby sharing its all-electric vertical take-off and landing (eVTOL) expertise and Toyota lending its knowledge of manufacturing, …
This year, Microsoft expects to emit 16 million metric tons of CO2. But by 2030, the tech giant plans to become carbon negative, meaning that it will remove more carbon from the atmosphere than it emits. By 2050, it will also remove all of the carbon i…
A UN report on Friday said continued structural reforms are necessary to boost growth in India, which is currently facing an economic slowdown. The World Economic Situation and Prospects 2020 (WESP) report has also lowered GDP growth estimate for India…
With inflation hitting a whopping 3,000%, and new currencies being introduced and then quickly ditched, it was not easy to be a retailer in the Brazil of the early 1990s. That was the tough economic backdrop faced by Luiza Trajano, then 40, when she to…
Mind-boggling fun fact:Last year, 50% of online transactions were made through Stripe. In fact, you probably make payments on Stripe all the time and aren’t even aware of it. Order a Lyft? Stripe. Buy something on Amazon? Stripe again. Book a roo…
A record 18 startups will exhibit their technological prowess at Auto Expo 2020 in Greater Noida next month even as several established vehicle manufacturers including Honda Cars and BMW have decided to stay away from the 15th edition of the biennial m…
Amazon’s planned $1 billion investment in India has not been met with open arms. On Wednesday, CEO Jeff Bezos announced that the e-commerce giant wants to put money into “digitizing small and medium businesses”. However, small busines…
Microsoft on Monday said it has selected 54 tech startups from five states – Gujarat, Maharashtra, Rajasthan, Kerala and Telangana – and three from each state (total 15) will finally win a year-long mentorship programme and a two-day founde…
The tremendous pressure for super fast growth on the $10 billion startup trickled down right from the founder Ritesh Agarwal to the last employee in the organisation, according to employees. As OYO’s ‘fast and furious’ strategy backfired, it has left m…
Amazon founder and chief executive Jeff Bezos, who is on a three-day visit to India, said on Wednesday that the e-commerce giant will use its global footprint to export $10 billion worth of ‘Make In India’ goods by 2025. Bezos said at the A…
Amazon CEO Jeff Bezos visited the memorial to Mahatma Gandhi in Delhi after he landed in India on Tuesday.Bezos’ visit coincides with Amazon Smbhav, the company’s summit aimed at bringing small and medium businesses together. Just landed in India and s…
Online learning platform Udemy has become India’s highest grossing app (non-gaming) on the Google Play Store. For the week ended January 11, 2020, Udemy climbed three spots surpassing Tinder. The platform counts over 40 million students from acro…
It’s a good time to own stock in Tesla (TSLA), as the company’s shares passed $500 for the first time, giving it a total market value of more than $90 billion. For comparison, that’s more than the combined market value of Ford and Gen…
With internet blackouts lasting for 4,196 hours in 2019, India has lost over $1.3 billion in economic terms. This places the country on the third spot among world’s most affected countries economically after Iraq and Sudan, reveals a report by in…
Working out never did a body so good as it did for ClassPass this week. The popular startup that created a way to help people exercise more easily just became a unicorn with an influx of Series E cash. As of today, ClassPass has raised about $550 milli…
State-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a then-record…
Geely and Mercedes-Benz said they would each invest 2.7 billion yuan ($388.8 million) in a China-based venture to build “premium and intelligent electrified” vehicles under the Smart brand. Mercedes-Benz will build smart-branded electric ca…
A large part of the Consumer Electronics Show (CES) floor at the Las Vegas Sands hotel is dominated by Asian countries showing off their tech innovations—Hong Kong, Taiwan, South Korea, Thailand. Surprisingly, this is the first year that India has its …
Distances no longer serve as a barrier for humans to achieve their dreams, thanks to 24×7 connectivity in most places around the world. But while internet growth has been seamless for the most part in India, the delivery of products and services has be…
Jaysse Lopez and his wife, Joanie, are the co-owners of Urban Necessities, a sneaker and streetwear resale and consignment company that Lopez says brought in close to $21 million in sales last year. Before he found success, Lopez was homeless and had t…
Oyo Hotels is firing thousands of staff across China and India. “The company has let go of 5% of its 12,000 employees in China partly due to non-performance, while dismissing 12% of its 10,000 staff in India. It plans to shed another 1,200 in Ind…
Online education startup Byju’s has raised $200 million from Tiger Global Management, soaring up its valuation to around $8 billion. Noida -based digital payment firm Paytm is the most valued startup in India at around $16 billion followed by hos…