Travis Kalanick, co-founder and former CEO of Uber, has launched a new venture fund called 10100 (ten-one-hundred) through which he will focus on promoting large scale employment by investing in tech in India and China. Kalanick announced the move through a Twitter post earlier today saying that the fund will be home to his “passions, investments, ideas and big bets”. Read more
Indian carriers will have an order book of more than 1,000 aircraft - the third-largest in the world after the US and China. With roughly 550 commercial aircraft in service now, the new acquisition will translate into 2.2 planes on order for every single aircraft in service. Day One of the Hyderabad aero show was all about these lofty numbers, as top aviation executives spoke about their ambitious expansion plans. Read more
At least 33 companies, or one-third of firms on the S&P BSE 100 list, have fallen short of the required corporate social responsibility (CSR) spending as mandated by the Companies Act. The Ministry of Corporate Affairs (MCA) is sending out notices seeking details of how and on what CSR funds are being disbursed, say people familiar with the issue, adding officials want to check if corporate social work is actually happening. Read more
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