India' largest ride-hailing service and San Francisco-headquartered Uber's prime competitor Ola has raised $1.1 billion from Chinese composite organization Tencent, Japan's Softbank and a few other existing investors. This is the largest funding round since the company's kickoff in 2010. This is the first major raise since November 2015 when the online transportation network company…

Bajaj Finserv and digital wallet provider have entered into a strategic partnership with MobiKwik to launch Bajaj Finserv Wallet, a platform that will offer fintech lending services like purchase finance, credit card, mortgage loans and personal loans along with insurance products. A few weeks ago, Bajaj Finserv invested around $35 million in MobiKwik to acquire a stake…

Tata Teleservices (TTSL), the telecom unit of Tata Sons is on the verge of shut down which will impact most of its 5000+ employees. They have prepared a detailed exit plan which includes 3-6 months’ notice for its employee and severance package for people who wish to leave the company before the notice period. They…

Project Loon, the research project under former Google X Lab has got revamped by its parent company Alphabet which is now planning to use high-altitude weather balloons to provide mobile data for the Virgin Islands and Puerto Rico US. Alphabet has got FCC approval to help the people in the Virgin Islands and Puerto Rico…