Reliance Jio Infocomm Ltd disruptive entry in September 2016 led to $10 billion in annual savings for consumers and will expand Indias per capita GDP by about 5.65%, says a report of Institute for Competitiveness (IFC), a Gurugram-based Indian unit of the Institute for Strategy and Competitiveness at Harvard Business School.

Cab aggregator Ola on Thursday said it will offer in-trip insurance cover to riders, who can avail the service by paying Re 1 for intra-city travel. Ola has partnered with Acko General Insurance and ICICI Lombard General Insurance to launch the program across over 110 cities in the country, the Bengaluru-based company said in a statement.