Almost nine in ten children in sub-Saharan Africa are learning poor, in that they are unable to read and understand a simple text by age 10. The pandemic is worsening this “learning crisis”, especially for poor and vulnerable households that lack access to online resources. The potential for leveraging smartphones in development has so far remained largely untapped, but recent trends Read More

Even as the National Highways Authority of India (NHAI) is in the process of digitising all state highways, a FASTag-like technology is being rolled out in some petrol pumps in India. The technology, called Fastlane, was developed by Mumbai-based startup AGS Transact Technologies Ltd in June 2019. Currently, there are more than 120 Fastlane-enabled HPCL petrol pumps in Mumbai, Navi Read More

LOS ANGELES (Reuters) – Uber Technologies Inc’s restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc.   A woman tries UberEats’ application on a tablet at the launching event of food-delivery service UberEats in Tokyo, Read More

The combined market valuation of eight of the top 10 most valued Indian companies surged by Rs 57,965.56 crore last week amid a positive broader market trend. Barring Infosys and Sun Pharma, the rest of eight companies saw a jump in their market capitalisation (m-cap) for the week ended Friday. The m-cap of HDFC Bank soared Rs 13,030.16 crore to Read More

Stocks in Japan and China led gains on Monday, extending a rally on Wall Street which closed at its highest level so far this year on Friday. Tokyo’s Nikkei 225 finished the session up 1.75% to 17,233.75 points. Investor sentiment in Japan was given a boost as official machinery orders data showed a 15% jump in January from December, beating Read More