Topics: Business

SoftBank Vision Fund appoints ex-facebook executive Kirthiga Reddy as a partner

SoftBank vision fund on Friday announced that "it has appointed Facebook's former executive Kirthiga Reddy as its partner to manage its $100 billion Vision...

Uber to hire 1000 Indian employees in products and engineering department

A U.S. based online ride-hailing company Uber Inc, on Saturday, announced that "It will be doubling its Indian workforce by next year." Uber currently has...

Quikr secures Rs 55 cr from InnoVen Capital, in deb round funding

InnoVen Capital, a debt venture on Thursday, announced that it had invested Rs 55 crore (approx $7.5 million) in online classified company Quikr. The deal...

Reports: Xiaomi tops Indian wearable market in Q3 2018

Riding on the success of its Mi Band 3 fitness tracker, Xiaomi has maintained its leadership in the country's wearables market with a 41...

Ritesh Agarwal: OYO will be the world’s largest hotel chain by 2023

Oyo Hotels, the five-year-old startup for booking hotel rooms, is aiming to become the world's largest hotel chain by 2023 as it expands into...
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A premium Sauce and Dip brand Fric Bergen secures First round funding from Mumbai Angels

Mumbai Angels on Thursday announced that "A Gurgaon based Premium Sauce and Dip maker Fric Bergen, has raised the undisclosed amount from MA Network." A...

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...

HCL Technologies partners with Barclays, intends to take over 400 Lithuanian employees to HCL

The shares of HCL Technologies gained more than 2 percent on Tuesday when the company announced the strategic partnership with Barclays. HCL Technologies in its...

Agricool secures $28 million in fresh round funding.

Agricool, a french AgriTech startup has raised $28 million, in a fresh round funding in addition to the $13 million which raised previously. The new round...

Carlsberg India sales increased by 23 percent

A Denmark based brewer company Carlsberg on Monday announced that "The company has reported an increase in its India business which grew by 23%...
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Grab to invest $100 Mn in OYO rooms, through A1Holdings Inc

A Singapore based Taxi company Grab is reportedly planning to invest $100 Million in Indian hospitality chain  OYO rooms as a part of an...

EaseMyTrip eyes sales worth Rs 7,800 crore in Fiscal Year 2020

Online travel firm EaseMyTrip is looking to more than double the sales on its platform to up to Rs 7,800 crore in the next...

Ford India reports 26% downfall in sales in November

India's sixth largest automaker company, Ford India, on Saturday reported a downfall by 26.32 percent in its sales of 19,905 units for November as...

AllOut co-founder Anil Arya to acquire online dairy startup Mr. Milkman

Anil Arya, who previously cofounded AllOut, a mosquito repellent company is reportedly planning to acquire a Gurgaon based dairy startup MilkMan for an undisclosed...

Indian Startups : Bombay Stock Exchange create new division for listing startups

New Delhi: To make stock market listing attractive for startups, BSE Ltd today announced the creation of a new division within its SME segment...
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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...

Singapore based fintech startup Instarem secures $20 million in fresh round funding

Instarem, a Singapore based digital payment startup on Wednesday announced the first close of its $45 million in C series funding by closing over...

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...

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...

Google replaced Google Cloud CEO ‘Diane Greene’ with Thomas Kurian

Diane Greene, who was hired a three years ago by Google to run Google Cloud Business has been unexpectedly replaced with Thomas Kurian an...
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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...

Chinese crypto miner maker Canaan’s IPO application is likely to be delayed

Canaan Inc, one of the world’s leading cryptocurrency mining equipment makers, has let its application for a Hong Kong IPO of at least $400...

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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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...

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...
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