Topics: Business News

Toyota Kirloskar Motor sales decline by 9 percent in January

Toyota Kirloskar Motor (TKM) on Friday reported a 9 percent decline in total vehicle sales in January to 12,067 units, compared with 13,239 units...

Government e-marketplace saw Rs 17,500 crore as a transaction in 2 years

Transactions worth Rs 17,500 crore have taken place through the public procurement online platform Government e-marketplace (GeM) in the last two years, resulting in...

China retained balance its current account surplus in 2018

China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on January 30. China's...

Executive: Alibaba will continue to invest aggressively

Chinese e-commerce giant Alibaba Group Holding Ltd will continue to invest aggressively despite an uncertain business environment, a senior company executive said at a...

CII DG Chandrajit Banerjee says India Inc has more to learn from WEF 2019 at Davos

The World Economic Forum Annual Meeting 2019 has given India Inc a lot to learn in terms of how to apply new technologies like...
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Paytm to expand its business in one or two more developed market.

Paytm an online payment company in India is reportedly planning to expand its business in one or more developed markets. While speaking at World Economic...

U.S. rejects China’s preparatory trade talks offer

The Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week, the...

RSS affiliate SJM demands robust e-commerce policy to protect small business owners from Flipkart and Amazon

The RSS affiliated SJM has passed a resolution demanding a robust e-commerce policy to protect the interests of small shopkeepers, as big online retailers...

Foxconn: There is a need to hire 50,000 people before the first quarter after job cuts reports

Taiwan's Foxconn, assembler of Apple Inc's iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid...

Ola secures $74 million in J series round funding from SteadView Capital

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...
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Lendbox raises Rs 6 crore in pre-A series round funding from IvyCap Ventures

Venture garage on Saturday announced that its portfolio startup "Lendbox, a peer-to-peer lending platform, has secured Rs 6 crore in a pre-A series round...

Apple key supplier Foxconn is planning to shift its iPhone factory in Vietnam

Foxconn, the world's biggest electronics contract manufacturer and a key Apple supplier, is considering setting up a factory in Vietnam to mitigate any impact...

Samsung apologies to factory workers in cancer case

South Korean technology giant Samsung Electronics on Friday, apologized to its worker who caught with cancer after working at its semiconductor factories. KIM KI-nam, co-president...

Logitech to acquire US headphone maker Plantronics

Logitech International SA, the Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, the US maker of Bluetooth earpieces and...

HCL Technologies is planning to invest more Nordic region

IT services major HCL Technologies will continue to invest significantly in the Nordics region as it expands its headcount and delivery capabilities to further...
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T-Mobile, Sprint acquisition deal to complete by the first quarter of 2019

T-Mobile, majority owned by Deutsche Telekom AG, agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in...

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....
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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...

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...
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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...

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...
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