Panama Petrochem’s Joint Managing Director Hussein Rayani says the company’s improved operational and financial performance led to an upgrade of its rating.

Ola on Friday said Temasek, Warburg Pincus affiliate Plum Wood Investment and Ola founder Bhavish Aggarwal have invested USD 500 million (about Rs 3,733 crore) in the ride-hailing platform ahead of its proposed IPO. This is among the largest investments in the Indian consumer internet space by these funds, a statement said. Ola continues to scale up across various categories and geographies in its ride-hailing business, it added.

A high-speed mobile communication corridor is targeted to be set up by the railways along the railway tracks. The whole project would be around Rs 7000 crore and the company expects a big chunk of around 30-40 percent of that, said Puneet Chawla, CMD, RailTel.

TCS CEO Gopinathan said Europe showed lower growth but maintained that was consolidation on the back of strong growth for four consecutive quarters.