Ola acquires Foodpanda’s India biz

Ola Cabs is re-entering the food delivery space by acquiring Foodpanda’s India business from Germany-based Delivery Hero Group in an all-stock deal. Ola will also make an additional investment of $200 million in the company to spruce up the operations.

Saurabh Kochhar, who was the CEO of Foodpanda India until recently has decided to move on to pursue other opportunities. Pranay Jivrajka, Founding Partner at Ola, has been appointed as interim CEO of this business unit, supported by the existing leadership team at Foodpanda India.

Proposed ban on H4 US visas has 1,50,000 Indian spouses worried

Sanjana Boppanna (26) works with an NGO in the Bay Area in California. Her techie husband Anand is employed with a bank in San Francisco. The wife holds a H4 visa, a type of visa granted to spouses of H1B visa holders.   

The US currently has some 1,50,000 Indian spouses on H4 visas of which some 100,000 have either taken up a job or doing some business, after the Obama administration extended work authorisation to spouses of H1B visa holders in 2015.

False commercials can lead to prison term

The cabinet is set to clear the new consumer protection bill on Wednesday that has provision of jail term for companies publishing or broadcasting misleading advertisements.

The new bill would replace the current Consumer Protection Act, which was enacted in 1986. Wide-ranging changes are being made in the current law, which may be passed in this session of Parliament since it has been vetted by many committees and incorporated various suggestions, an official said.

Fox's Star to bring Disney cash and cricket in India

Walt Disney Co’s expected deal with Twenty-Fi­rst Century Fox Inc would give the world’s best-known entertainment firm new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

Through the $75 billion deal, which a source said is expected to be announced on Thursday morning, Disney would be able to distribute its programming on Star India, operator of 69 TV channels in eight languages, as well as the popular Hotstar streaming service. Disney also would gain global rights to professional cricket.

Home stay option catching up with corporates

With disruptions in the economy hitting businesses, companies have started exploring cheaper options of overseas corporate stay. They are enquiring about home stay options for employees for longer stay. The industry is confident that by next year home stay bookings will catch up with India Inc.

Artificial Intelligence to help create 2m jobs by 2025

Fears about Artificial Intelligence making millions jobless are unfounded, finds Gartner. By 2025, AI will create two million net new jobs. In the process, it may take away several repetitive jobs from humans and create for them new positions that need higher levels of skills and management capabilities.

DeepMind has simple tests that might prevent Musk’s AI apocalypse

You don’t have to agree with Elon Musk’s apocalyptic fears of artificial intelligence to be concerned that, in the rush to apply the technology in the real world, some algorithms could inadvertently cause harm.

This type of self-learning software powers Uber’s self-driving cars, helps Facebook identify people in social-media posts, and let’s Amazon’s Alexa understand your questions. Now DeepMind, the London-based AI company owned by Alphabet Inc., has developed a simple test to check if these new algorithms are safe.

Not a flight of fancy, yet...

Prime minister Narendra Modi's seaplane ride from Sabarmati has flown into a thick cloud of controversy with the opposition alleging violation of norms. The BJP's claim of it being the first ever amphibious flight in the country is being questioned and aviation experts expressed disbelief as the mandatory norm of flying a VVIP only in a safer twin-engine aircraft was tossed out of the window.

Digital NE scheme for jobs

The government is set to unveil the ‘Digital North East 2022’ plan in the next budget with an allocation of about Rs 3,700 crore in the first year with an aim to create employment opportunities for the region’s youth in the electronics and ICT sectors.After several rounds of inter-ministerial discussions, a blue print has been prepared to fund the programme in a mission mode, a government official said.