BUMBLE SET FOR INDIA LAUNCH LATER THIS YEAR
NEW DELHI: Dating and social media app Bumble is said to officially launch in India later this year. The official Bumble application is already available for Android and IOS users in India. The company has roped in actress Priyanka Chopra for the India launch. Priyanka Chopra, who is also investing in Bumble, had worked with the company for the launch of Bumble Bizz, the company’s social network for professionals. “It’s rare to see a brand with this level of reach and relevance maintain a commitment to their values and mission in a manner that has global impact,” Priyanka Chopra said in a statement to Techcrunch. “I’ve always believed that investing in women is key to social transformation and economic growth, and in working with Whitney and her team over the past year, I’m inspired by the real, positive change Bumble is creating and I’m proud to have the opportunity to contribute to this movement as a partner,” she added.
Toyota, Softbank team up for selfdriving car services
TOKYO: Toyota Motor Corp and Softbank Group Corp. said they will team up to develop car services that rely on self-driving technology, such as hospital shuttles, as they envision a future in which fewer people drive their own vehicles. The partnership between Japan’s top automaker and its most influential tech giant shows that even big well-funded players fear being left behind in the race to develop autonomous and connected cars. “Softbank alone and automakers alone can’t do everything,” said Junichi Miyakawa, chief technology officer at Softbank Corp. who will be CEO of the new company. “We want to work to help people with limited access to transportation.”
Proposal to waive flight cancellation fees on hold
NEW DELHI: Waiver of flight ticket cancellation fees and penalties for deficient air services that the civil aviation ministry proposed in
May have been put on hold, as a weak rupee, costly crude oil and a new fuel import duty squeeze margins of airlines. The move comes as a big relief for airlines unable to significantly raise fares in a price-sensitive market. The draft passenger charter had proposed full refunds for cancellation or modification of tickets within 24 hours of booking, as well as for flight delayed beyond four hours, hotel accommodation if delay is more than 24 hours and compensation of ₹5,000-20,000 for missing connecting flights due to flight delays.
BSE, NSE to halt trading in Moser Baer from Oct 11
NEW DELHI: Leading stock exchanges BSE and NSE have decided to suspend trading in the equity shares of Moser Baer India, a manufacturer of CDS and DVDS, from October 11 following the commencement of liquidation proceedings. The move comes after Delhi Bench of National Company Law Tribunal (NCLT) through an order on September 20 had initiated liquidation process against Moser Bear. It had also appointed Resolution Professional Anil Kohli as the liquidator. “To avoid market complications, trading in the equity shares of Moser Bear India will be suspended with effect from Thursday, October 11, 2018,” the BSE said in a circular. In a separate circular, the NSE also announced the similar move.
COMPILED FROM MINT REPORTERS AND AGENCIES