Krishna Mali

Underscoring that India was on the threshold of a digital age, former National Security Adviser M.K. Narayanan on Wednesday said the country needed to further strengthen its defensive and offensive capabilities to deal with the new wave of cyber warfare. Pointing out that India was among the top five nations affected by the complex cyber attacks, he warned that such attacks would multiply with the technological…

The European Union told Britain it could have a different kind of Brexit deal after its parliament overwhelmingly rejected the one negotiated by Prime Minister Theresa May -- but only if London changes its key demands. Addressing the European Parliament on January 16, EU chief negotiator Michel Barnier defended the agreement struck with May that was crushed the previous evening by an alliance of British lawmakers…

India's ride-hailing company, Ola, has reportedly secured $74 million (Rs 520 crore) in series J round funding from Hong Kong-based capital management firm, Steadview Capital. According to the document filed with the Registrar of the companies which were accessed by business signals provider Paper.VC, Ola said that "It has secured Rs 520 crore from its existing investor Steadview Capital by acquiring 2,45,082…

The U.S federal reserve system chairman Jerome Powell on Thursday said that "The united state's economy may face a big dent if the government shutdown continues for a long time." While talking at the Economic Club of Washington, D.C. Jermoe said, "While most of the previous government shutdowns have been fairly short which haven't affected the U.S economy in a big way, but if we have an extended shutdown, I think…

Naspers-funded OLX Group has acquired Aasaanjobs for an undisclosed amount, a move aimed at strengthening the classified player’s position in the online job search segment. With the acquisition of Aasaanjobs, a recruitment marketplace for blue and grey-collar jobs in India, OLX will further strengthen its jobs vertical, OLX said in a statement. This will help address the growing requirement of over 60…

Union commerce minister Suresh Prabhu said the government will soon come up with a solution to address the problems being faced by startups with regard to angel tax. Several startups have raised concerns over levying taxes on angel funds under Section 56 of the Income Tax Act, which provides for taxation of such money received by an entity. Prabhu acknowledged that startups are facing some difficulties due to…

PayPal Inc, a U.S. based worldwide online payment merchant, has announced that its Indian business has reported a twelve-fold increased in its revenue in FY18 to Rs 260 crore. In a report filing at Ministry of Corporate affairs, PayPal said that "It's Indian subsidiary PayPal India has saw a huge increase in its Indian business, where the company has generated Rs 260 crore as revenue in the Fiscal year 2018, as…

Uber India, a subsidiary of U.S. based ride-hailing company Uber on Wednesday announced that "The company has reported Rs 21.5 crore as revenue in March ending of the Fiscal year of 2018." In the filling at corporate affairs ministry, Uber India said that "The company saw a year on year growth in its business in India to Rs 21.5 crore in FY18 of March end. The company also posted total revenue of Rs1.04 crore in…

Indian steel manufacturing company Jindal Steel and Power Ltd (JSPL) on Tuesday announced that it had appointed Naushad Akhter Ansari as company's Joint Managing Director. The company in its statement said that "Naushad Ansari, who currently holds the office of CEO for Jindal steel business will now assume the role of Joint MD of the company with immediate effect." In September 2008, Ansari joined JSPL group as…

Infibeam Avenues Limited an India-based e-commerce site on Friday said that it had terminated the deal of acquiring of Unicommerce eSolutions Pvt Ltd a subsidiary of e-commerce platform Snapdeal. In its filing at the stock market, Infibeam said that "We would like to inform you that the company has canceled the acquisition deal as Snapdeal did not fulfill the conditions within the stipulated period." In a…