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After making a profit, Ola eyes IPO

The app-based ride-hailing service has finally begun making a profit of every ride, prompting CEO Bhavish Aggarwal to eye an IPO within the next four years. Jul 21, 2018
Microsoft

Microsoft investors celebrate after stock hits new record high

Growth in its software and Azure cloud services business bolstered Microsoft's stock to $108.20 in early trade, resulting in a market cap of $832 billion after its earnings call. The company is now a close third, in the race with Apple and Amazon to be the first $1 trillion company. Jul 21, 2018
The NBC logo and Comcast are displayed on 30 Rockefeller Plaza

Comcast concedes defeat to Disney, withdraws bid for Fox

Comcast announced that it was dropping its $66 billion bid for Twenty-First Century Fox, clearing the path for Disney to take over the lucrative entertainment assets. Comcast will now focus on acquiring a stake in European broadcaster Sky. Jul 20, 2018
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Ola expands Australian services with Adelaide

The Indian app-based taxi service has announced operations in its sixth Australian city on Thursday. Riders in Adelaide will be offered discounted services as Ola begins services in the city. Jul 19, 2018
Director General of the World Trade Organization Roberto Azevedo Play

The WTO is under threat, will they step up?

A new report by the Bertelsmann Foundation says that the credibility of the WTO is under threat, and the organisation could face closure if more countries vacate its Appellate body. Jul 18, 2018