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Uber considers acquiring BluSmart Mobility's electric cab fleet

Uber Technologies is reportedly considering the acquisition of BluSmart Mobility, a Gurugram-based operator of all-electric cabs. The negotiations focus on BluSmart’s assets, including a fleet of over 5,000 EVs operating in major cities like Delhi, Mumbai, Bengaluru, and Dubai, primarily consisting of Tata Motors and MG Motor vehicles. Additionally, BluSmart manages EV charging infrastructure in NCR and Bengaluru and leases vehicles from private individuals.

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
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