Topics: Business News

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...

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...
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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...

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...
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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...

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...
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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...

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...

The new European Union Law is a nightmare for tech giants like Google, Apple & others

Tech giants such as Google, Apple, Amazon, et al are about to face rules dictating their relationships with the smaller businesses for the first...

Uber to acquire Deliveroo, offered £1.5m: Report

The UK-based food delivery company Deliveroo is on the verge of being acquired by Uber, as the transportation giant is expanding its horizon in...

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