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Topics: Business News

BlackBerry to acquire AI and cybersecurity firm Cylance for $1.4 bn

The Canadian technology giant BlackBerry Ltd on Friday made an announcement of one of it's biggest acquisition made by the company till to date. In...

Perpule secures $4.7 million in series A round funding from Prime Venture, Kalaari Capital and Venture Highway

A Bengaluru based Omni-channel retail technology startup Perpule has secured $4.7 million in series A round funding, led by Prime Venture Partners with the...

Tencent profit increased by 30 percent in Q3

Tencent Holdings said on Wednesday its third-quarter net profit rose 30 percent, beating estimates, as investment gains offset a weak performance in the Chinese...

Byju’s may join as Indian startup Unicorn with the valuation at $3.5 billion

India is budding with startups and upcoming initiatives and to rank 4th in this country's startups, the class is what Byju's aspires to achieve....

NASCAR makes an offer to acquire International Speedway Corporation

NASCAR on Friday announced that it has submitted a bid to acquire all the shares of International Speedway Corporation (ISC) which will combine both...
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Grab locks $50 Mn funding from KASIKONBANK to expand financial services in Thailand

Thailand’s Kasikornbank PCL on Thursday said it has invested $50 million in Singapore’s Grab, forming a partnership that will help launch the GrabPay electronic...

Paytm records 179 Mn UPI transactions on Oct 18, sees 600% growth in 6 months

Paytm, an India-based online wallet on Friday announced that "The company has seen 600 percent growth in UPI (Unified Payments Interface) transactions. In a blog...

FinTech startup IndWealth secures $30 million from Steadview Capital

Ashish Kashyap, Former CEO of Ibibo on Monday announced: "his new venture IndWealth has secured $30 million from Steadview Capital." The company in a statement...

IBM bags Red Hat for $34 billion

IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks...

Online Grocery startup, Grofers is planning to secure fresh round funding from SoftBank

According to the ET reports, India-based online grocery startup Grofers is planning to raise $140mn-$150Mn in fresh round funding, which will be led by...
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Microsoft becomes second most valuable US company, Amazon slips to third

SAN FRANCISCO (Reuters) - Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from...

Airtel Africa, secures $1.25 billion from Softbank group and five other investors

Airtel Africa Ltd, on Wednesday, announced that "it has raised the funding of $1.25 billion from Softbank Group, Warburg Pincus LLC, Temasek Holdings Ltd...

New York DFS approves “Crypto Custody Trust” license to Coinbase

Finally, Coinbase has received the approval from the New York Regulators to from a custodial firm for cryptocurrencies. On Tuesday, The New York Department of...

Cloudflare eyes for IPO, hires Goldman Sachs for valuation

According to the Reuters reports, Cloudflare Inc, a U.S based web security company is planning to go for an IPO with the potential valuation...

Richard Branson steps down from the chairman post of Virgin Hyperloop One

Virgin Hyperloop One is a transportation technology company which had the successful entrepreneur and charismatic personality Richard Branson as the chairman. Sir Richard Charles Nicholas...
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Oculus co-founder Brendan Iribe resigns

Oculus co-founder and Former CEO, Brendan Iribe on Monday, has announced his departure from Facebook, which has heated a new debate inside the media...

Alibaba opens two new data centers in Europe, aims to boost its Cloud Business

To increase the presence of Cloud business in Europe, Alibaba on Monday announced that "It has opened the two new data centers in U.K." The...

InMobi acquires Sprint’s mobile advertisement business

(Reuters) - Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in...

OYO Rooms Starts Operation in UAE

As India-based OYO becomes the most recent debutant in the hospitality eco-system of UAE, founder and CEO Ritesh Agarwal looks forward to leveraging opportunities...

Temasek Holdings to acquire Israeli cybersecurity company Sygnia for $250mn

Sygina, an Israel based cybersecurity company on Thursday has announced that it is going to get acquired by Singapore based investment firm Temasek Holdings...
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COAI : Indian Telecom industry may see downfall for next three quarters

The telecom sector is likely to experience three more quarters of losses, hurt by high levies and “unsustainable tariffs,” Cellular Operators Association of India...

PilotWorks is shutting down

Pilotworks a Bushwick based startup, which offers commercial kitchen space, mentor programs, and distribution services to food startups, on Saturday has announced that "The...

PhonePe all set to raise funds worth $1 billion: Report

With the rapid growth of payment processing apps in the Indian marketplace, the Flipkart owned PhonePe is in talks with a couple of investors...

Tencent Grapples With Government Regulation, Revamps Infrastructure

The Chinese internet giant Tencent announced on Sunday that it is revamping its infrastructure owing to stringent regulation imposed by the government. The Shenzen-based and...

LA Times owner Patrick Soon-Shiong calls “Fake news on social media as cancer of our time”

In an interview with Billionaire Patrick Soon-Shiong on CNBC on Wednesday, Patrick Soon-Shiong said that fake news on social media are the cancer of...
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Survey Monkey Raises $180 Million from the I.P.O

The online pollster company Survey monkey will now begin trading on Nasdaq stock market as a public enterprise. The firm will be one of...

Top Uber Executives Warned After Probe into Office Misconduct

As per a report by Wall Street Journal, Cameron Poetzscher, Uber's head of corporate development, had been found making sexually aggressive comments on other...

Bangladesh-based Ride-hailing Startup Shohoz raises $15M in Funding

While Uber is a global transportation leader, the competition it faces from localized startups and firms in the same domain has become intense. In...

Alibaba and SAP Collaborate to Ease Cloud Transition and Build Intelligent Enterprise

Alibaba Group Holding Ltd. (NYSE:BABA) and SAP SE (NYSE: SAP) announced their plans to collaborate to offer SAP S/4HANA Cloud and SAP Cloud Platform...
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