Uber to acquire Postmates for $2.65 billion

Uber to acquire Postmates for .65 billion

The acquisition of Postmates helps Uber expand its delivery efforts. Angela Lang/CNET Uber has agreed to acquire delivery service Postmates in a $2.65 billion all-stock deal. The ride-hailing company on Monday said the acquisition, which was reported earlier by Bloomberg, will boost its growing efforts in the delivery of groceries, essentials and other goods.   “Uber … Read more

Virat Kohli a ‘talent’ just like other players we manage: Agency rubbishes Conflict of Interest allegations

Virat Kohli a ‘talent’ just like other players we manage: Agency rubbishes Conflict of Interest allegations

Player management company, Cornerstone on Monday refuted allegations of ‘Conflict of Interest’ surrounding Virat Kohli, saying the India captain is a ‘contracted and exclusive client’ of the company just like the other cricketers it manages. The company, in a strongly-worded statement, said Virat Kohli’s name is being dragged into “absurd allegations” and they are entirely … Read more

Government not considering merger of CBDT, CBIC: Finance Ministry

Government not considering merger of CBDT, CBIC: Finance Ministry

NEW DELHI: The government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC), the Finance Ministry said on Monday. The said merger was one of the recommendations of the Tax Administration Reforms Commission (TARC), headed by Parthasarathi Shome, which submitted … Read more

Williams’ ‘heart hurts’ after police stop car

Williams’ ‘heart hurts’ after police stop car

‘My son is in the car’ – Bianca Williams and partner stopped by police British sprinter Bianca Williams says she has “never had to experience anything like this” after being stopped by police in her car in London. Williams, 26, and her partner Ricardo dos Santos have accused the Metropolitan Police of racial profiling and … Read more

Warren Buffett is Back in the Game

Warren Buffett is Back in the Game

There are many scenarios for the fate of the local news group, the country’s second-largest. McClatchy’s biggest creditor, the hedge fund Chatham Asset Management, has submitted an offer worth around $300 million, setting a floor for bids. Interest from other prospective buyers for the company, which filed for bankruptcy protection in February, reportedly waned as … Read more

Australia to seal off 6.6 million people in virus-hit state as outbreak worsens

Australia to seal off 6.6 million people in virus-hit state as outbreak worsens

The border between Victoria and New South Wales (NSW) — Australia’s two most-populous states — will be closed for the first time since the pandemic began, Victorian State Premier Daniel Andrews announced Monday. Victoria has struggled to contain a second wave of coronavirus cases, leading to fears that the infection rate could soon rise across … Read more