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A notable one among youngest millionaires, Ola Founder Bhavish Aggarwal is an inspiring personality who rose to fame through luck, smart work as well as hard work. Here are a few interesting facts about Bhavish Aggarwal, you might not have known so far. A native of Punjab Bhavish Aggarwal was born in Punjab on 28 August 1985. He is an independent entrepreneur in every sense of the term. In an important turn in his life, he co-founded Ola cabs. A former student of IIT, Bombay Bhavish completed his bachelor’s degree in computer science from Indian Institute of Technology (IIT) Bombay. Starting off his career Microsoft gave the first platform for Bhavish to start his career. He worked with this company for about 2 years. During his tenure, he filed two patents. He too published 3 papers in international journals. Founded Ola cabs In the year 2011, Bhavish co-founded Ola Cabs with Ankit Bhati in Mumbai. Within a time span of four years, Bhavish and his co-founder Ankit Bhati were the youngest to be listed among the richest Indians for the year 2015. How Ola Cabs came up In one of his business journeys, Bhavish travelled from Bangalore to Bandipur. He rented out a car and the entire episode ended up in a bad tone. The driver stopped on the way and started demanding more than what was agreed upon initially. When he was refused, the driver abandoned him on the way before the destination. Bhavish understood this was the plight faced by several other travelers booking cars. Bhavish wished to find a car rental company that will assure a great customer experience combined with economical prices. Tapped the potentials in car booking Bhavish foresaw great potential in car booking business. In 2010, he co-founded Ola Cabs with Ankit Bhati. His parents in fact did not like the idea of Bhavish jumping into a sort of travel booking agent’s job. Nevertheless, when Ola Cabs received its first round of funding from two angel investors, Bhavish’s parents started believing that he has some workable ideas. The Ola Cabs model Ola Cabs did not resort to the model of buying and renting its own cars. Instead, it partnered with a number of taxi drivers and moved the entire set up to a sophisticated step forward. As per the Ola Cabs model, people could book cars within a short while from the comfort of their phones. The bookings that were accepted were half or full-day rentals and also outstation taxi services. Ola Cabs offers the widest set of options to the customers including Mini, Prime, and Luxury. The most economical cabs Right from the time of its inception, Ola Cabs depended on SoftBank for is funding needs besides pooling investments from Angel Investors. They also started charging lesser than what the auto-rickshaws charged. Ola Cabs offered taxi bookings for dead cheap prices at Rs.10 per km. Ola Cabs expansion Ola Cabs has recently ventured into providing auto-rickshaw booking services following the launch of Ola Auto. It is now possible for customers to find autos on-demand on the Ola Auto app. Read Also about other Personalities - <a href="https://www.businessinsider.in/10-interesting-facts-about-ratan-tata-that-you-should-know/articleshow/69914798.cms">Facts about Ratan Tata</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Interesting facts about Ola founder Bhavish Aggarwal

New Delhi, Mar 27 () Ride-hailing major Ola on Friday launched a fund to support auto-rickshaw, cab, Kaali-Peeli and taxi drivers across India amid the ongoing 21-day lockdown. Besides, Ola co-founder Bhavish Aggarwal will forgo salary for one year that will go towards the fund. Launched under Ola Foundation, the 'Drive the Driver Fund' will support the drivers through contributions from the Ola group, investors and via a crowdfunding platform for citizens and other institutions, a statement said. "The proceeds of the fund will help towards the welfare and upliftment of drivers and their families who have been affected by the restrictions due to the COVID-19 pandemic," it added. Ola Group and employees are contributing an initial capital of Rs 20 crore to the fund and through the crowdfunding campaign, the intent is to raise up to Rs 50 crore. "The mobility industry has been brought to a grinding standstill during these stressed times, and the driver community has been finding it hard to pay for their family expenses without a source of income," the statement said. Ola's initiative aims to bring together multiple stakeholders in the ecosystem such as customers, investors and partner organisations to participate in supporting millions of drivers and their families across India, it added. This initiative will focus on key areas such as emergency support and essential supplies. In due course, Ola Foundation will also take up initiatives to support drivers in areas such as aid for children's education, among others. "Millions of drivers and their families have been affected, and even a humble contribution can have a lasting impact on their wellbeing. We invite all the stakeholders of the mobility industry to join us in every way you can, and support the people who move us in this difficult phase," an Ola spokesperson said. Ola has undertaken a number of measures, including launching a special COVID-19 insurance cover exclusive for their driver partners and their spouses. These steps are aimed at helping driver-partners and customers through the coronavirus outbreak. The number of positive coronavirus case in India has touched 724 till date. SR HRS

COVID-19: Ola launches fund to help drivers, CEO to forego a year salary

Union Minister of Communications Jyotiraditya Scindia on Monday stated that <keyword id="19916120" type="General" weightage="20" keywordseo="5G" source="keywords">5G</keyword> technology is expected to inject around $450 billion into the <keyword id="19948184" type="General" weightage="20" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> by 2040. The minister highlighted this during his address at the Global Standards Symposium at Bharat Mandapam in New Delhi, one of the world's largest telecom events. He said, "In India alone, for example, 5G is anticipated to inject an astounding 450 billion dollars into the economy by 2040." The minister emphasized that 5G is not just about faster internet or low latency, but is laying the groundwork for <keyword id="20006420" type="General" weightage="20" keywordseo="smart-cities" source="keywords">smart cities</keyword>, advanced infrastructure, and autonomous innovations. Scindia further noted that 5G has already been rolled out across all 36 states and Union Territories, covering 98 per cent of districts and 80 per cent of the population in just 22 months. He said this achievement showcases not only India's technological prowess but also the transformative power of standardized innovation. He added "We are unlocking new Reims of possibility in health care, education and agriculture and Manufacturer" The minister stressed the importance of international collaboration in unlocking the full potential of technologies like 5G, <keyword id="19904566" type="General" weightage="20" keywordseo="artificial-intelligence" source="keywords">artificial intelligence</keyword> (AI), and the Internet of Things (IoT). He stated that the global standards are key to ensuring that these technologies work harmoniously across borders. "The import of dialogue cannot be overstated. The wonders of 5G the brilliance of artificial intelligence and the interconnected marvels of the Internet of Things. Things are transforming industries, societies and manufacturing processes and economies on a global scale," he said. Scindia also pointed out the need for robust governance in emerging technologies like AI and IoT, emphasizing the importance of ethical considerations and regulatory frameworks to address concerns around privacy, bias, and transparency. He called for a comprehensive policy framework to ensure that future innovations, such as the upcoming 6G technology, benefit everyone equitably and do not deepen existing digital divides. "We are today poised at the edge of a new technological era, the dawn of the 6th generation of mobile network 6G and this is a gateway to the future where communication will become boundless where innovation will know no limits and by humanity, interconnectedness becomes the corner stone of our shared global destiny" he said. Scindia also urged the global community to work together in setting standards and nurturing partnerships that will define the future technological landscape, ensuring technology serves as a force for good. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-ipo-review-everything-you-need-to-know-about-indias-biggest-ipo/articleshow/114203740.cms" target="_blank">Hyundai IPO review – Everything you need to know about India’s biggest IPO</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-electric-saga-are-surge-in-complaints-and-declining-market-share-a-wake-up-call-for-bhavish-aggarwal/articleshow/114120828.cms" target="_blank">The Ola Electric Saga: Are surge in complaints and declining market share a wake-up call for Bhavish Aggarwal?</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-leads-the-first-phase-of-festive-sales-with-a-20-market-share/articleshow/114070723.cms" target="_blank">Samsung leads the first phase of festive sales with a 20% market share</a>

5G to inject $450 billion into Indian economy by 2040: Telecom Minister Scindia

Ratan naval Tata is the chairman emeritus of Tata Sons. He was formerly the chairman of the Tata Group. One of the topmost and popular businessmen in India, Ratan Tata also has many other aspects about him that are worth knowing. Here are ten interesting facts about Ratan Tata, his personality and achievements that are worth knowing. Ratan tata father was an adopted son and Tata was raised by his grandmother Ratan Tata’s father Naval Tata was the adopted son of Ratanji Tata and Navajbai Tata. Earlier Naval Tata was growing in J.N. Petit Parsi Orphanage. Navajbai Tata, the grandmother of Ratan Tata was very fond of him. When Ratan Tata was just 10 years old, his parents got separated in 1940 and then he was raised by his grandmother. Ratan Naval Tata loves dogs so much Since the days of JRD Tata, the Bombay House, the Headquarters of Tata Sons has a tradition of letting stray dogs in during rains. After its recent renovation, the Bombay house now has a kennel for stray dogs. This kennel is equipped with toys, play area, water and food. Continuing the tradition, Ratan Tata has an extreme love for these canines. He has two pet dogs that he takes care so fondly namely Tito and Maximus. Ratan Naval tata first job Ratan Tata’s first job was at the Tata Steel which he took up in the year 1961. His first responsibility was to manage the blast furnace and shovel limestone. Ratan Naval Tata steered the Tata Group towards bright prospects Becoming the chairman of the Tata Group in 1991 in his 21 , he brought international recognition for the Tata Group. All this was possible through his pragmatic business skills. Championed some historical mergers Ratan Tata accomplished some historical mergers for his company including Land Rover Jaguar with Tata Motors, Tetly with Tata Tea and Corus with Tata Steel. All these mergers played a significant role in the Tata Group’s phenomenal growth. Keen in keeping up promises Nano cars are the dearest project of Ratan Tata. In 2009, he promised to make a car that would cost only a lakh rupee. He spared the best of his efforts to keep up his promise to society. Has a good collection of cars Ratan naval Tata is highly fond of cars. He has a wonderful collection of high-end cars including Ferrari California, Cadillac XLR, Land Rover Freelander, Chrysler Sebring, Honda Civic, Mercedes Benz S-Class, Maserati Quattroporte, Mercedes Benz 500 SL, Jaguar F-Type, Jaguar XF-R, and some others. Ratan Tata is a skilled pilot Ratan Tata loves flights and flying. He is a skilled pilot. Ratan Tata was the first Indian to pilot F-16 Falcon in 2007. Donated $50 million to Harvard Business School In 2010, Ratan Tata pooled up a sum of $50 million to construct an executive centre for the Harvard Business School from where he received his collegiate education. The hall was named Tata Hall. Ratan tata leadership grew the Group’s revenues phenomenally Under his able leadership, the revenues of the Tata Group grew more than 40 times. The profits abounded by over 50 times. The company that made only $5.7 billion in 1991 made around $103 billion in 2016. Read Also about other Personalities - <a href="https://www.businessinsider.in/interesting-facts-about-ola-founder-bhavish-aggarwal/articleshow/71186840.cms">Ola Founder Bhavish Aggarwal</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Ratan Tata - 10 Interesting facts about Ratan Tata that you should know

<ul><li>The government has eliminated the hospital exam and asked young graduates to join the workforce. </li><li>Initially, <keyword id="21474" type="COUNTRY" weightage="20" keywordseo="Italy">Italy</keyword> reported only three cases of Covid-19 on February 21. However, the number rose to 283 leaving seven dead within four days. </li><li>Italy is also losing doctors to the infection, as 50 died of COVID-19. </li></ul>The Italian government called in thousands of fresh medical graduates to help fight the deadly <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> outbreak after 10,000 people died of it. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total Cases </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recovered </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Deaths </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">97,689 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.reuters.com/article/us-health-coronavirus-italy-tally/italy-coronavirus-deaths-rise-by-756-lifting-total-death-toll-to-10779-idUSKBN21G0PT"> 13,030 </a> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10,779 </td></tr></tbody></table> As the number of cases reaching a 100,000, hospitals are running short of doctors. To tackle this, the government eliminated the hospital exam and asked young graduates to join the workforce. Italy is also losing doctors to the infection, as 50 died of COVID-19. As per existing rules, fresh medical graduates are supposed to go for a residency — training where doctors are specialising in some particular field. “The abrupt changes to the procedures for fresh graduates entering the workforce, marks a major shakeup of Italy's education system,” Dr Alessandro Grimaldi, Director of Infectious Disease at S.S. Salvatore Hospital of L'Aquila<a href="https://edition.cnn.com/2020/03/30/europe/italy-young-doctors-coronavirus-intl/index.html"> told CNN</a> Initially, Italy reported only three cases of Covid-19 on February 21. However, the number rose to 283 leaving seven dead within four days. Prime Minister Giuseppe Conte locked down the entire country on March 9. While the lockdown -- which is officially due to end on April 3 -- is economically painful, officials appear determined to extend it until the coronavirus is finally stopped in its tracks. Regional affairs minister Francesco Boccia said the question facing the government was not whether it would be extended, but by how long. Italy looks to extend lockdown as cases near 100,000 Italian authorities said on March 30 they would extend a month-long lockdown to stem the pandemic, after its massive death toll. The civil protection service reported another 756 fatalities in the world's worst-hit nation on March 30, while the number of officially registered cases of COVID-19 increased by 5,217 to 97,689. Nevertheless, the daily rise in infections has slowed to 5.6% — the lowest rate since Italian officials started tracking cases following the first death on February 21. In the epicentre of the pandemic, the region around Milan where the number of cases previously increased daily, the number of Italians receiving intensive care remained almost unchanged. "We are witnessing a slowdown," University of Milan virologist Fabrizio Pregliasco told the Il Corriere della Sera daily. "It is not plateau yet, but it is a good sign." Italy closed all its schools at the start of the month and then began gradually imposing a lockdown, tightening it successively until almost all stores were shut on March 12. The measures — since adopted to varying degrees across most of Europe -- did not prevent Italy's death toll from overtaking that in China, where the disease was first reported, on March 19. In theory, the existing state of national health emergency allows Prime Minister Giuseppe Conte to extend the lockdown until July 31. Conte has said that he would like to lift the severest restrictions -- including those forcing the suspension of Italy's Serie A football season -- a few months prior to that. (With PTI) See also: <a href="https://www.businessinsider.in/tech/news/fake-accounts-are-stealing-donations-to-the-pm-cares-fund-heres-to-how-to-keep-from-getting-scammed/articleshow/74885681.cms">Fake accounts are stealing donations to the PM CARES Fund — Here's to how to keep from getting scammed</a> <a href="https://www.businessinsider.in/business/startups/news/bhavish-aggarwal-offers-500-cabs-for-covid-19-work-while-ola-raises-21-crore-for-its-drivers/articleshow/74884545.cms">Bhavish Aggarwal gives 500 Ola cabs to transport doctors and medical workers during coronavirus</a>

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Interesting facts about Ola founder Bhavish Aggarwal

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COVID-19: Ola launches fund to help drivers, CEO to forego a year salary

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5G to inject $450 billion into Indian economy by 2040: Telecom Minister Scindia

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Ratan Tata - 10 Interesting facts about Ratan Tata that you should know

BI India Bureau

Italian government calls thousands of fresh medical graduates to battle coronavirus after reporting 10,000 deaths

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