Topics: Business

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....

Chinese largest bank to invest $200 Mn in promising Indian SMEs startups

The Indian unit of China's largest bank, the Industrial and Commercial Bank of China, has set up a $200-million fund for investing in the...

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...
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No “settlement” talks with Qualcomm says Apple

Apple is not in talks "at any level" to settle its wide-ranging legal dispute with mobile chipmaker Qualcomm, according to a source familiar with...

SIDBI to introduce internal assessment model to rate the venture capital

Small Industries Development Bank of India (SIDBI) is planning to introduce an internal assessment model to rate the venture capital firms before investing in...

Hong Kong’s SFC plans to monitor crypto exchange

Hong Kong’s Securities and Futures Commission (SFC) will propose a regulatory regime known as a “sandbox” for crypto exchanges in the Asian financial hub,...

WhatsApp to invest $250k in five Indian startups

Facebook owned instant messaging company, WhatsApp on Wednesday, announced "that it has partnered with Invest India to organize a startup challenge in the country with the aim...

Walmart India to open 47 more B2B stores, plans to invest $500Mn

Walmart India on Wednesday, announced its plan to invest $500 million (approx RS 3,000 crore) to open 47 more B2B stores by the end...
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Fintech startup NIRA secures $1Mn in seed round funding

An India based Fintech startup NIRA, on Tuesday announced that "It has secured $1 million in seed round funding from angel investors in India...

CII partners with WhatsApp to train Indian SME entrepreneurs

In a statement issued by Confederation of Indian Industry (CII) on Monday announced that "CII has partnered with WhatsApp to train Small and medium...

Rakuten and Tech Mahindra partners to setup 5G labs in Bengaluru and Tokyo

One of the largest software company in India, Tech Mahindra on Monday, announced the partnership with Rakuten Mobile Network in an aim to set...

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...

Elon Musk says $20 Mn in fine, for a tweet worth it

Tesla Inc, Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities...

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...

Snap expects to lose more users, shares crashed

(Reuters) - Snap Inc lost more users than Wall Street expected in the third quarter as it continued to grapple with an unpopular redesign...

Chinese EV startup WM Motors is planning to raise $288.33 million from Baidu and others

Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its latest funding...
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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...

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...

Beisen secures $100 Mn in series E round funding from Matrix partners and others

Beisen, a China-based human resource software as s service (SaaS) provider, has raised $100 million in series E round funding from Matrix Partners and...

Report : “By 2022, Internet services sector will create 12 million new jobs”

PTI - The Internet services sector in the country, which currently employs around one million people, is expected to create 12 million new jobs...
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Uber to invest $260 Mn in London, aims to turn all its car electrified by 2025

Uber on Tuesday announced that It will be investing $260 million to help all of its drivers in London transition to electric vehicles (EVs)...

TabSquare secures S$10 million in series B round funding

TabSquare, a Singapore based leading provider of AI-powered smart in Restaurant solutions, on Monday has announced that it has secured $7.2 million (S$10 million)...

How to Transform Your Idea into a Successful Business?

So, you think you have a brilliant idea and want to venture. Well, the truth is probably thousands or maybe million others, too, have...

Facebook is secretly planning to acquire this cybersecurity firm

The year has not been too good for Facebook, especially because of the recent data breach which dealt the Facebook reputation in the market. According to...

Uber to Appeal Against the Fine Imposed Following the Grab Merger Deal

Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s...
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