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Uber nears deal with Softbank-led group for self-driving car unit: Report
Posted on 18th April 2019
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said.

SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder.

The Japanese technology investment fund also has investments in General Motors Co's self-driving car subsidiary Cruise. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise.

Cruise has a value of more than $14 billion despite no significant revenue and a product not ready for commercial launch.

Uber is getting ready for its initial public offering (IPO) and filed for it last week.

Toyota and Denso declined to comment, while Uber and SoftBank did not respond to Reuters' requests for comment.

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Not 1 or 2, all 22 rifles fail to fire during gun salute to former Bihar CM Jagannath Mishra
Posted on 22nd August 2019
While former Bihar chief minister Jagannath Mishra mortal remains were being cremated with full state honour, 22 rifles carried by police personnel failed to fire a single shot on Wednesday.

Mishra's cremation took place at his ancestral village in Supaul district and it was attended by state Chief Minister Nitish Kumar, Deputy Chief Minister Sushil Kumar Modi, state Health Minister Mangal Pandey, among others.


Kia Motors makes India debut, launches Seltos SUV starting of Rs 9.69 lakh
Posted on 22nd August 2019
Korean auto major Kia Motors on Thursday made its debut in India with the launch of an SUV, Seltos, at an introductory price of Rs 9.69 lakh.

Seltos, a mid-sized SUV, is manufactured at the carmaker's Ananthpur plant in Andhra Pradesh. The model comes in both petrol and diesel variants.


Something grave happening in J&K that the government is trying to hide: Ghulam Nabi Azad
Posted on 22nd August 2019
Nine opposition parties on Thursday participated in a protest organised by the Dravida Munnetra Kazhagam, demanding the immediate release of political leaders detained in Kashmir.

“We must recognise that this is no democracy. If we fail to understand this, then we are living in a fool’s paradise,” former Chief Minister of J&K and Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad said.


Govt using CBI, ED as 'revenge-seeking' units: Cong on Chidambaram's arrest
Posted on 22nd August 2019
The Congress on Thursday came down heavily on the BJP government over the arrest of P Chidambaram, accusing it of using the CBI and the ED as "personal revenge-seeking departments".

Senior Congress leader and former Finance Minister Chidambaram was arrested last night amid high drama by the CBI and he spent the night at a agency guest house.


Akshay Kumar 4th on Forbes highest-paid actors list, Dwayne Johnson on top
Posted on 22nd August 2019
National Award-winning actor Akshay Kumar has made it to the fourth position on the Forbes magazine's Worlds Highest-Paid Actors Of 2019 list.

According to the list on forbes.com Akshay has raked in $65 million.

Hollywood star Dwayne 'Rock' Johnson tops the Forbes list of the 10 highest-paid actors, collecting $89.4 million between June 1, 2018, and June 1, 2019.


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