Neuberg Diagnostics Pvt Ltd has completed the merger of Neuberg Supratech Reference Laboratory, Ahmedabad, and Neuberg Anand Reference Laboratory, Bengaluru, thereby setting the ball rolling for its IPO plans, the...
Uber’s Middle East subsidiary Careem offloads 50.3% stake in super app to Emirates Telecom
A super app managed by Uber Technologies’ Middle East subsidiary Careem has offloaded a 50.3% stake to Emirates Telecommunications Group Company for $400 million, e& said in a filing. The super app will be...
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports
YouTuber Ajey Nagar who goes by the moniker CarryMinati and his business partner Deepak Char have picked up stake in Mumbai-based Big Bang Esports Private Limited. The two have collectively taken a 10% stake in the...
‘Would never acquire a loss-making business’: Ola CEO on merger with Uber
Amid reports of cab aggregator rivals Ola and Uber being in talks for a possible merger, Ola’s co-founder and CEO Bhavish Aggarwal said that there has been no such conversation and Ola’s ride-hailing business is very...
Uber sells 7.8% stake in Zomato via block deals
Uber Technologies exited its entire 7.8% stake in food delivery platform Zomato by selling 612 million shares through multiple block deals on Wednesday. The American mobility service provider raised around ₹3,088 crore...
Uber Technologies likely to sell 7.8% stake in Zomato through block deal
Uber Technologies is likely to sell its 7.8% stake in online food ordering platform Zomato through a block deal on Wednesday to raise up to Rs 3,300 crore ($420 million), according to a term sheet issued by BofA...
Will never merge: Ola CEO rubbishes reports of merger talks with Uber
Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger. Bhavish Aggarwal said in a tweet that Ola is very profitable and growing...
Uber looks to sell Didi, other non-strategic stakes: CEO
The CEO of Uber Technologies Inc on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Didi Global. Speaking at a virtual fireside...
Yandex takes more control of Russian venture with Uber in $1 bln deal
Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1...
Uber’s trucking unit to buy logistics planner Transplace for $2.25 bln
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that is expected to speed up the unit’s...
UK competition watchdog clears Uber’s Autocab takeover after raising concerns
Britain’s competition watchdog said on Monday it had cleared Uber’s takeover of UK tech firm Autocab after its initial probe found the deal would not affect competition in the country’s taxi booking...
Swedish battery maker Northvolt buys U.S. startup Cuberg
Swedish lithium-ion battery maker Northvolt said on Wednesday it had bought U.S. startup Cuberg to get access to technology that would boost the range of electric vehicles that can use its batteries. Cuberg, spun out of...