Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares

Goldman Sachs is set to plow at least $30 billion into Asian alternative assets. More on that story in our top headlines this morning.

High prices of commodities are hurting their margins but they are yet to affect India Inc’s overall profits. More on that story and other headlines in our morning wrap.

Zomato to invest $1 bn in startups

Zomato will invest $1 billion in startups over two years, its chief executive Deepinder Goyal said on Wednesday when the food delivery company announced its losses had widened.

Elon Musk sells $1.1 bn in Tesla shares

Tesla Chief Executive Elon Musk sold about $1.1 billion worth of shares to cover tax obligations on options exercise, the billionaire reported in filings