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05 May 2017

India

Quikr acquires start-up Zimmber in a $10 million all-stock deal

Quikr India has acquired home services portal Zimmber in an all-stock deal worth about $10mn.

05 May 2017

iPhone

iPhone 8 might have MacBook Pro's Touch Bar, say reports

Reports have surfaced that Apple's 10th anniversary iPhone 8, named iPhone X, will come with a MacBook Pro-like Touch Bar, which will be called function area.

05 May 2017

India

Dear Arnab, the Republic of India doesn't need a messiah

Come 6th May and it doesn't matter if the nation wants or doesn't want to know, Arnab Goswami will resurface from his long sabbatical to tell the nation, what he thinks that the nation should know.

04 May 2017

Asia

Apple has $256.8 billion in its cash reserve doing zilch

For a company that started in a garage, Apple has come a long way and now its financial reports show that it has a $256.8 billion cash stockpile, sitting comfortably in its accounts.

04 May 2017

India

Sachin Tendulkar's SRT Android phone is out

Sachin Tendulkar's Android phone, called SRT (Sachin Ramesh Tendulkar) has been released in India. The phone has been made and sold by Smartron, an IoT start-up in which Tendulkar is a strategic investor.

04 May 2017

Uber

Waymo-Uber spat: Waymo alleges Uber paid Levandowski $250 million

In a recent development, Waymo alleged in court that Uber had transferred 5 million shares to Anthony Levandowski worth over $250 million, on the day he abruptly resigned from Waymo.

04 May 2017

India

Ola raises $104 million in funds

Cab aggregator Ola has raised $104 million (Rs. 670 crore) in funding from Falcon Edge and Ratan Tata's RNT Capital Advisers.

04 May 2017

India

Cabinet ordinance gives RBI much-needed boost to tackle defaulters

A much-needed ordinance is on the verge of being passed, which would enable the RBI to tighten its grip on loan defaulters by making an amendment to the Banking Regulation Act.

04 May 2017

Apple

iPhone sales drop just before 10th anniversary

The iPhone turns 10 this year in June.

03 May 2017

India

White House welcomes Infosys decision to hire Americans

Ninio Fetalvo, a White House spokesman stated to the media that "We're glad to see companies like Infosys see opportunity in the American economy again."

03 May 2017

India

MakeMyTrip raises $330 million in funding

Sources stated that MakeMyTrip has raised $330 in its latest round of funding from a mix of private placement of shares and from issuing fresh stock to investors Ctrip and Naspers.

03 May 2017

Flipkart

Snapdeal initiates payments of laid-off employees

Two months after layoffs at Snapdeal, the company has begun initiating due payments of the 1,000-1,500 affected employees; severance packages reportedly range between 2-4 months of salaries.

03 May 2017

India

Hyundai online car bookings now open!

Buying cars in India is now only a click away with Hyundai opening bookings through its portal www.Hyundai.co.in.

03 May 2017

Flipkart

Flipkart's acquisition brings along mixed fortunes for Indian e-commerce space

Consolidation in e-commerce might bode well for giants but now things get divided into a series of pros and cons for the consumers when the options start to thin out.

03 May 2017

India

2-wheeler industry hit by BS-III ban

Analysts stated that the 2-wheeler industry has suffered losses of over Rs. 600 crore after the SC banned BS-III vehicles.

02 May 2017

India

State Bank of India slashes rates by 50 basis points

The country's largest lender, State Bank of India, has slashed its interest rates by up to 50 basis points (bps) for various maturities to ward off high-cost deposits.

SC to Unitech: We cannot entertain a defaulter

Unitech is grasping straws at the moment to get rid of multiple charges of money laundering and fraud, that has been brought against the embattled real estate firm.

02 May 2017

India

UberEATS launches in Mumbai

UberEATS has launched in India, with Mumbai being the first city to avail of the service.

02 May 2017

India

H-1B issue: Infosys to hire 10,000 local US techies

Indian technology giant Infosys has decided to open four technology centers and hire over 10,000 US techies in light of the new limitations on the H-1B visas.

02 May 2017

Bharti Airtel

Reliance Jio accuses Airtel of misleading advertisements

Mukesh Ambani-led Reliance Jio launched a complain with the telecom regulator TRAI, against its fierce rival Bharti Airtel for violation of tariff rules.

02 May 2017

India

With Rs. 50,000cr sales, Khadi, Gramodyog emerge as top businesses

For the first time ever, the presumably unprofitable Gramodyog (village industries) and khadi industry witnessed sales of over Rs. 50,000cr last year.

02 May 2017

Madhya Pradesh

Real Estate Act (RERA) comes into force after nine years

The much-awaited Real Estate Act has come into force with a promise to protect buyers' rights and encourage genuine players; 13 states and union territories notified the rules.

01 May 2017

Samsung

Samsung Galaxy S8: US, Canada users report random restarts, freezes

Users of the new Samsung Galaxy S8 in the US and Canada have been reporting random restarts and freezes.

01 May 2017

Twitter

Twitter allies with Bloomberg, to bring dedicated news service

It's a very common practice among users to post a series of tweets while watching a match or participating in an event.

01 May 2017

iPhone

Apple to launch online store in India

Sources stated that Apple will soon launch its own online stores in the country, from where users can directly purchase Apple products including the iPhone SE, which would be manufactured in India.

01 May 2017

Samsung

Samsung leaves Apple behind, once again emerges as market leader

IDC research noted that in the first quarter of 2017, Samsung once again made its way to the top leaving, its major rival, Apple behind.

01 May 2017

India

9lakh firms don't file their I-T returns : Revenue Secretary

While the FinMin keeps on harping about the need to curb black money and prevent methods of offshore money laundering, there seems to be more trouble brewing at home.

30 Apr 2017

India

India seeks electric car-fleet by 2030, petrol/diesel to be phased-out

In a bid to reduce India's ever growing dependence on fuel imports, the government seeks a full electric car fleet by 2030.

30 Apr 2017

Bharti Airtel

H-1B visas: Sunil Mittal weighs banning big US tech companies

While answering a question on how he would react if Bharti Airtel was prevented from operating in certain geographical locations, telecom kingpin Sunil Bharti Mittal raised the question of whether India should prevent Facebook and Google from operating in the country.

29 Apr 2017

South Korea

Apple withholding payments amid legal battle, complains Qualcomm

Qualcomm has warned investors that Apple has been withholding royalty payments after it sued the mobile phone chips maker in January; it also cut its profit forecast.

29 Apr 2017

India

NPS account holders need to be FATCA compliant

One will now have to submit a self-certification of FATCA (Foreign Account Tax Compliance Act) for their National Pension System (NPS) accounts opened on or after July 1, 2014.

29 Apr 2017

India

Amazon will not slow its investment pace in India

A $481m loss might deter others, but to Amazon CEO Jeff Bezos it is just another hurdle Amazon has to overcome in order to finally triumph.

28 Apr 2017

India

India is set to become the world's fourth-largest economy

It's been 70 years since our independence; 5 more years and we will push Britain out of the top five economies. We would emerge as the world's fourth-largest economy overtaking Germany on the way.

28 Apr 2017

Saif Ali Khan

GoZoomo resurfaces from the dead for acquisition deal

GoZoomo made headlines when the firm decided that they would give back the unused money it had raised from the investors, as it was closing down.

28 Apr 2017

India

Honda Activa becomes the largest selling two wheeler globally

Yesterday, Honda rolled out its 15 millionth Honda Activa scooter, making it the largest selling two wheeler in the world.

28 Apr 2017

Facebook

Instagram hits the 700 million user mark

Facebook-owned photo and video sharing platform Instagram just reached the milestone of having 700 million monthly active users.

27 Apr 2017

India

Flipkart outpaces Amazon in volume of sales

Flipkart is defeating Amazon in terms of value of goods sold, even as the American company continues to sell as many items as the Indian retailer.

27 Apr 2017

Delhi

Ola, Uber drivers and a series of unfortunate events

There was a time when being a driver with Uber or Ola could fetch better income than a regular white-collar job.

27 Apr 2017

US Senate

Exxon fined $21 million for releasing 10mn pounds of pollutants

In a recent development, Exxon Mobil has been ordered to pay a fine of $19.9 million by a Texas-judge after its refining plant in Texas, illegally released over 10 million pounds of pollutants into the air.

27 Apr 2017

India

Kia Motors to invest $1.1bn in their factory in India

Following the slump in their sales in China, Kia Motors is gearing up to strengthen its base in the world's fifth largest market- India.