Ride-hailing service Careem aims for profitability in 2018

HEADLINES Here are some stories that you don't want to miss today Ride-hailing service Careem aims for profitability in 2018 Ride-hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about its latest fundraising plans, co-founder Mudassir Sheikha told Reuters on Tuesday. READ MORE Yahoo accused of 'unacceptable' delay in discovering data breach Six Democratic US senators on Tuesday said it was "unacceptable" that Yahoo only last week announced a 2014 hack into 500 million user accounts and asked embattled CEO Marissa Mayer for more information about the company's investigation into the data... READ MORE Telecom minister asks BSNL to consider implementing 'performance related pay' Mincing no words in asking BSNL employees to roll up their sleeves to stay competitive, telecom minister Manoj Sinha today asked the state-owned firm to consider implementing 'performance related pay'. READ MORE Telefonica expects to list 30% of O2 in IPO: Report Spain's Telefonica is looking to list about 30% of its British mobile unit O2 in what would be one of the biggest initial public offerings (IPOs) on the London market this year, sources told Reuters. READ MORE Trouble between Airtel, Reliance Jio continues The troubles between Reliance Jio and Airtel continue. Airtel on Tuesday said that the company had provided adequate number of interconnect points to Jio, but the new entrant has been slow to respond. Jio, however, countered. READ MORE Venture Capital company YourNest launches Rs 300 crore fund for startups Early stage venture capital firm YourNest today announced the launch of its second fund with a corpus of Rs 300 crore. READ MORE MP chief minister in Britain to boost Smart Cities partnership Madhya Pradesh Chief Minister Shivraj Singh Chouhan is in Britain to promote the Global Investor Summit being held in Indore next month and to explore partnerships with the UK on smart cities and skills. READ MORE Facebook to appeal German order regarding WhatsApp's data collection Facebook said it would appeal against an order by a German privacy regulator on Tuesday to stop collecting and storing data of German users of its messaging app WhatsApp and to delete all data that has already been forwarded to it. READ MORE Uber ventures into food delivery market Uber is making an aggressive drive into meal delivery, backed by a wave of staff recruitment, with the US tech heavyweight gearing up to enter at least 22 new countries and take on local rivals. READ MORE Twitter launches live video interview series over Periscope Twitter India and digital video network PING Network are launching a live video interview series with business and technology leaders over Twitter's live streaming app Periscope. READ MORE

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