Bloomberg Ola, India’s dominant ride-hailing startup, is investing $100 million in scooter startup Vogo as part of a deal that will let its users access the two-wheeled devices. The financing, which will be used by Vogo to add 100,000 scooters, is part of a fundraising round that also included Matrix Partners India and Stellaris Venture Partners. “This infusion will give ...

Bloomberg Indians are buying gold for as little as 1 cent as retailers offer online sales in bite-sized portions to prop up shrinking demand in the world’s second-biggest consumer. Demand for gold is falling, partly as a result of government measures, higher local prices and the metal’s fading appeal among more youthful customers. That’s forcing jewellers to adapt online purchases ...

Bloomberg General Electric Co is set to close out one of its worst years since the financial crisis, and 2019 may be another precarious one. The challenges are many and over the next few months, new Chief Executive Larry Culp will have to revamp GE’s power business, sort out liquidity problems arising from cash flow shortages and soaring financial liabilities, ...