Nepal to get 4 new air gateways

 India has agreed to open four new air entry points to Nepal in the eastern and western parts of the country to facilitate movement of international traffic, but two “vital entry points” are still on hold, reports Kathmandu Post. The...

Ola, India’s largest cabhailing service, reported a sizeable jump in losses in fiscal year 2017 (FY17). While net revenue rose by Rs 6.77 billion over FY16 revenue to Rs 11.78 billion, operating loss widened by Rs 9.11 billion to Rs 37.31 billion. Losses, which exclude net interest income, tax and notional losses on derivatives contracts, were well over three times revenue. In fact, as a proportion of revenues, Ola’s losses are far higher than other global cab-hailing service providers. In 2017, Uber’s operating loss was roughly half its net revenue, according to a report by The Information. Lyft, Uber’s main competitor in North America, is estimated to have ended the year with losses of around 60 per cent of revenue....

AT&T completes its takeover of Time Warner

US telecoms giant AT&T has completed its takeover of entertainment firm Time Warner after winning a court battle earlier this week. The more than $80bn (£60.34bn) deal, which has been two years in the making, led to one of the...