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Zomato acquires Uber Eat Operations in India

The Indian food delivery start-up firm Zomato has acquired the American multinational company Uber’s food delivery platform, Uber Eats, in India. As per media reports, Uber gets a 10 percent ownership in Zomato along with a USD 350 million (Rs 2,485 crore) all-stock exchange. After the acquisition, Uber Eats will discontinue its operations in India. ..

Sundar Pichai promoted as Alphabet CEO after Larry Page, Sergey Brin step down

Sundar Pichai, chief executive officer(CEO) of Google LLC was named and promoted as the new CEO of Alphabet Inc on Tuesday, 3rd December 2019. Google is the largest subsidiary of California based Alphabet Inc. The alphabet was founded on 2nd October 2015 through a corporate restructuring of Google with the aim to make the business ..