Left Menu
Development News Edition

Business briefs 2

PTI | New Delhi | Updated: 15-05-2019 20:46 IST | Created: 15-05-2019 18:35 IST
Business briefs 2

Ride hailing platform Ola Wednesday said it has partnered with SBI Cards to roll out a new credit card and aims to issue 10 million such cards by 2022. The Ola Money SBI Credit Card, which is powered by Visa, will have a simplified application process and eliminate joining fees. Ola users will be able to apply, view and manage their Credit Card directly on the Ola app, a statement said.

Users of the card will also receive cash-backs and rewards that can be redeemed against Ola rides, flight and hotel bookings. "Mobility spends form a significant wallet share for users and we see a huge opportunity to transform their payments experience with this solution," Ola co-founder and CEO Bhavish Aggarwal said.

* * * *

Array Networks invests $2mn to set-up tech centre in Bengaluru * Global networking company Array Networks Wednesday said it has invested over USD 2 million in setting up Array Center for Technology and Innovation (ACTI) in Bengaluru.

The centre is equipped to support requirements coming in from across the globe and in the initial years, it will support the India and Asia-Pacific (APAC) markets, a statement said. Array hopes for a five times increase in high-skilled technical workforce for ACTI, it added.


TRENDING

OPINION / BLOG / INTERVIEW

‘Discounted Deaths’ and COVID 19: Anthropology of Death and Emotions

Death is a social event rather than the mere cessation of biological functions. As seen by anthropologists, death is not just physical but intensely social, cultural, and political....

Indigenous knowledge of communities a must for maximizing impact of community work

Generally, it has been observed that the majority of the academicians in higher education institutions neglect the wisdom of community people and throw their weight around thinking that they know everything and the community knows nothing. ...

In rebuking FBR, Pakistan’s courts take a stand for public health

The system, if implemented effectively, will allow Pakistans revenue service to combat the illicit trade in tobacco products and potentially add hundreds of millions of dollars to the states budget each year. ...

Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Videos

Latest News

EXCLUSIVE-U.S. preparing criminal indictment against wife of Venezuela's Maduro - sources

The United States is preparing to charge the wife of Venezuelan President Nicolas Maduro in coming months with crimes that could include drug trafficking and corruption, four people familiar with the case told Reuters.If Washington goes ahe...

For mothers with coronavirus, baby's first coo is over the phone

Its a girl and she is fine, we all are fine, said Rayhona, 23. They have shown her to me on a smartphone.More than 150 babies have been born to mothers with suspected coronavirus infections at Moscows City Clinical Hospital Number 15, and t...

'They killed him': Sister of Minneapolis black man who died after arrest calls for justice

The sister of an African-American man who died shortly after a white Minneapolis police officer pinned him down with a knee to the neck called for justice on Wednesday, saying the firing of four policemen over the deadly incident was not en...

Sterling falls as concerns persist over negative rates, Brexit

Sterling retreated towards 1.22 on Wednesday as investors focus shifted back to the possibility of negative interest rates in Britain and on comments from government officials that not much progress had been made in Brexit negotiations.Bank...

Give Feedback