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Flipkarts co-founder Sachin Bansal backs Ola with Rs 650 Cr

Tuesday, February 19, 2019, 7:51 PM

Flipkart co-founder Sachin Bansal has invested about Rs.650Cr in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, Ola had issued shares worth Rs.150Cr to Sachin as-part-of series J round of funding.
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Indian Oil goes up value chain, signs fuel supply deal with US

Tuesday, February 19, 2019, 7:48 PM

To ensure a steady inflow of crude oil at a time imports from Iran are falling, state-run Indian Oil Corp (IOC) has become the first domestic company to sign a long-term supply contract with the US. The oil marketing company, in a statement released on Monday, said the annual deal is worth $1.5 billion and will be effective for FY20.
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Fuel outlets to be shut for 20 mins on February 20 in wake of Pulwama attack

Tuesday, February 19, 2019, 7:47 PM

The CIPD, representing 56,000 fuel outlets in country, has called for a-20-minute shutdown of fuel-stations at 7 pm Wednesday in memory of 40 CRPF personnel killed as-a-result of a-terror-attack in Pulwama, J-K. Banners and photos of martyrs would be placed in fuel outlets and lights turned-off from 7 pm to 7:20 pm across the country, said CIPD General Secretary In-Charge K Suresh Kumar.

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