 "News Digest: Ola raises $1 bn, GST rates relaxed for fuel sector, and more")
Ola raises $1.1 bn from Tencent, SoftBank; to boost business, take on Uber
With this money, it intends to beef up its technology investments, expand supply, and ensure it maintains a lead over rival Uber. Read more
E-commerce fund-raise may take a break now as firms prepare for payback
Also Read
The next mega round of fund-raising in the Indian e-commerce sector is unlikely anytime before the second half of 2019, industry watchers are suggesting. Read more
PM Modi's economic panel bats for fiscal consolidation
The newly constituted Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday batted for sticking to fiscal consolidation at a time when there was demand for fiscal stimulus to boost sagging economic growth. Read more
Aditya Birla group set to exit fertiliser business this year
The Aditya Birla group is set to exit the fertiliser business, with two players valuing the division at around Rs 3,000 crore. Read more
Oil & gas, infra firms to be hit by PE norms
Oil and gas, power and other infra sector companies will be the most impacted by the change in norms of permanent establishment (PE), post-India’s recent signing of the multilateral instrument (MLI) as part of measures to prevent base erosion and profit shifting. Read more
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%