Business

Prosus Plans $350M Investment in Rapido

By BPN News Desk
Prosus, the global investment firm, is set to put around $350 million into Rapido, the bike-taxi and ride-hailing platform, through a mix of fresh capital and secondary share purchases. Reason Behind the Move The investment follows Swiggy’s decision to exit completely from Rapido, selling its ~12% stake to resolve conflict issues since Rapido is entering […]
Business

US Deal: Oracle to License TikTok Algorithm

By BPN News Desk
The Trump administration has laid out plans for Oracle to manage the recommendation algorithm for U.S. users of TikTok, under a framework agreed with ByteDance, TikTok’s Chinese parent company. Oracle’s Role in Algorithm Oversight Under the proposed deal, Oracle will receive a copy of TikTok’s recommendation algorithm. That copy will be retrained using U.S. user […]
Business Finance

Amit Shah Calls GST 2.0 India’s Biggest Reform

By BPN News Desk
Home Minister Amit Shah has described the government’s new GST reform—GST 2.0—as one of the most sweeping tax overhauls since India’s independence. He said the reform goes beyond simple tax cuts, calling it “multi-dimensional.” Key goals, he added, include boosting investment, consumption, manufacturing, exports and public trust in taxation. What Has Changed Under GST 2.0,

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