New Delhi: In the first week of February Paytm’s founder and chief executive officer Vijay Shekhar Sharma met board member Mark Schwartz in Canada. Schwartz, who’s also on the board of SoftBank Group Corp., had a proposal for him. Schwartz wanted to introduce Sharma to the world’s most renowned investor, Warren Buffett’s Berkshire Hathaway Inc.

With cash crunch likely to continue in Air India (AI) due to rising fuel costs, the Centre may infuse additional Rs 2,200 crore in the debt-ridden national carrier later in the current financial year to meet an estimated shortfall in working capital requirement to service loans and pay salary in time.

Reliance Communications (RCom) has moved the telecom tribunal against the telecom department’s demand for spectrum usage charges (SUC) of about Rs 3,000 crore, a move which could be the start of a lengthy legal battle that could further delay the company’s spectrum sale to Reliance Jio Infocomm and repayment to lenders.

BENGALURU: Wipro has bagged a multi-year business process services and finance transformation contract from Denmark-based Falck.

The Bengaluru-headquartered software services exporter said it would help Falck, international supplier of ambulance services, employee health care and roadside assistance, in their transformation journey to establish a scalable and efficient finance operating model.

Better credit metrics and a zero default track record with banks is helping large conglomerates, led by Adani group, Mukesh Ambani’s Reliance Industries (RIL), and Tata group, snap up bankrupt companies. They are fast emerging winners under the Insolvency and Bankruptcy Code (IBC), 2016. The Sajjan Jindal-owned JSW Group is also in the race to buy stressed assets, but so far it has had limited success.

The Insurance and Regulatory Authority of India (Irdai), in a circular issued on Tuesday, allowed inclusion of 10 more insurers for medical treatments from its list of optional covers that were offered by health insurance companies.

In its guidelines on the Standardisation of Health Insurance, the insurance regulator has listed various medical procedures and equipment that are offered in a policy.

The premises of Power Grid Corporation in Madhya Pradesh will be getting the cheapest solar power at Rs 1.58 a kilowatt per hour (unit), which is the lowest in the country so far. New Delhi-based AMPSOLAR India has bid the lowest for 10 sites of the central government PSUs. It has bid Rs 1.67 for some other central government buildings in the state.

2018 Hyundai Santro AH2 Unveil 23rd August: The stage is set for Hyundai most iconic car to make a comeback to the Indian market this festive season, The Santro will make its public debut on the 23rd of October 2018 in final production guise. While the company is yet to confirm the date, our sources inside the company confirm that a date close to this one has been set for the unveiling with a launch to follow shortly.

Tech giant Google today said it is working with multiple partners to use new-age technologies like artificial intelligence (AI) and machine learning (ML) to improve response time to natural disasters like floods as well as addressing healthcare challenges. Google Technical Project Manager (TensorFlow) Anitha Vijayakumar said the company has developed a system that uses AI for early and accurate flood warnings, including guiding over areas that are dangerous and prone to flooding.

E-Commerce giant Amazon today said its over 14,000 assisted online shopping service points, internally codenamed ‘Project Udaan’ till now,will be branded as’Amazon Easy’by the middle of 2019, a senior company official said today. “Starting withover200stores across the Krishna, West Godavari, East Godavari, Warangal, Nalgonda and Guntur districts in Andhra Pradesh and Telangana

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