04 May 2020
Jio Platforms gets Rs. 5,655 crore investment from Silver Lake
Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.
20 Jan 2019
Guess how much Netflix is spending on content in 2019
Netflix is one of the premiere streaming platforms in the world and they continue drawing public attention by adding new and exciting content regularly.
19 Aug 2018
Walmart completes acquisition of Flipkart, pumps in $2bn
On Saturday, Walmart announced that it had completed its $16bn acquisition deal with Flipkart.
18 Jun 2018
#CareerBytes: 5 Mumbai University engineering colleges and their placement rates
Established in 1857, the University of Mumbai is one of the country's premier state universities where engineering is a widely-picked undergraduate course.
03 May 2018
Xiaomi files for the biggest Chinese tech IPO since 2014
Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).
26 Feb 2018
India's December quarter GDP growth likely to be 7%: Report
According to a recent report by Morgan Stanley, India's economic recovery is expected to have gathered momentum and GDP growth for the December quarter is likely to have accelerated to 7 percent.
27 Jan 2018
Hackers steal $534.5 million from Japanese cryptocurrency exchange
Japanese cryptocurrency exchange, Coincheck said that on Friday, an attack by hackers led to around 523 million of the exchange's lesser-known NEM cryptocurrency coins getting transferred to another account without authorization.
06 Nov 2017
Food-delivery space: Next big battleground for Indian e-commerce leaders?
E-commerce giants, Amazon India, Flipkart, and Paytm, are reportedly looking to foray into the food-delivery business and are trying to acquire, invest, or expand into the sector.
02 Nov 2017
Government likely to ban cryptocurrency exchanges in India
A government panel has advised the Centre to shut down cryptocurrency dealers/exchanges in a bid to curb the use of virtual currencies in India.
28 Oct 2017
Reliance Industries, first Indian company to hit Rs. 6-trillion market-valuation
Mukesh Ambani-led Reliance Industries Limited has reached yet another milestone by becoming the first Indian company ever to cross a market capitalization of Rs. 6-trillion.
04 Oct 2017
RBI keeps repo rate unchanged at 6%
The RBI has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6%. It comes after retail inflation hit a 5-month high of 3.36% in August.
01 Aug 2017
eBay closes sale of India arm to Flipkart
Four months after announcement of the sale, Flipkart has closed the acquisition of eBay's India arm.
26 Jul 2017
Facebook is going bullish on Instagram's revenue potential
Facebook threw a curve ball when it, without any prior notice, decided to report solely GAAP earnings last quarter.
02 Jul 2017
The Apple car is no longer a rumour
Rumours about Apple making its own self-driving car had been in the air for quite sometime, but these were just rumours until recently.
17 May 2017
Millennials are changing India, one decision at a time
It is expected that within the next four years, India will have 64% of its population within the working age group, fuelling its growth.
10 Apr 2017
Flipkart raises investments from Tencent, Microsoft; buys eBay.in
Flipkart has raised investments worth $1.4bn from Tencent, eBay and Microsoft, at a post-transaction valuation of $11.6bn.
21 Mar 2017
Flipkart secures $1 billion in funding, eyes $1 billion more
Flipkart manages to secure $1billion in funding in a bid to stay ahead of the competition.
13 Mar 2017
Facebook and Flipkart to work together
Flipkart and Facebook are teaming up in an effort to improve connectivity for their apps and websites for users on slower networks and older handsets.
26 Feb 2017
New CFO-backed Flipkart returns to the game
India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.
22 Feb 2017
Flipkart looking to raise $1.5 billion from Microsoft
E-commerce giant Flipkart is amidst talks in order to raise a funding round of up to $1.5 billion from investors including Microsoft, eBay, PayPal Holdings and Tencent Holdings.
20 Feb 2017
Flipkart signs on Microsoft cloud service
India's largest e-commerce firm Flipkart, has signed up to use Microsoft's Azure cloud service platform.
07 Feb 2017
Govt reduces stakes in ITC by 2%
The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).
26 Jan 2017
Flipkart's valuation slashed further
Fidelity investments has slashed the values of Flipkart's shares by 36%, bringing the company's valuation down to $5.58 billion.
19 Jan 2017
Theresa May to meet Wall Street Bankers
Theresa May will meet some of Wall Street's biggest firms after banks threatened to move jobs out of UK amidst Brexit.
18 Jan 2017
2017 World Economic Forum — Responsive and Responsible Leadership
The 2017 World Economic Forum (WEF) kicked off at Davos; Chinese President Xi Jinping set the tone for the five-day annual conference with an impassioned speech.
14 Jan 2017
McDonald's to sell 33% stake in Japan
Sources said McDonald's is planning to sell 33% stake in its Japan unit McDonald's Holdings Co Japan Ltd and has begun inviting bids for the same. McDonald's own only 50% of the unit.
09 Jan 2017
McDonald's to sell businesses in China and Hong Kong
McDonald's, the American fast-food giant, has agreed to sell a controlling stake in its businesses in China and Hong Kong.
31 Dec 2016
2016 Year in Review for Indian unicorns
The term "unicorn" was promoted by venture capitalist Aileen Lee to describe start-ups which were valued at over $1 billion.
23 Dec 2016
Deutsche Bank reaches $7.2 billion settlement with US regulators
Deutsche Bank has reached a settlement of $7.2 billion with the Department of Justice in the US (DoJ) over an investigation into the mortgage-backed securities.
29 Nov 2016
Flipkart now valued at $6 billion: Morgan Stanley
A mutual fund managed by Morgan Stanley has slashed Flipkart's valuation to $6 billion down from its former glory of being a $15 billion company.
27 Aug 2016
Succumbing to cloud rivals, Rackspace goes private in an acquisition
Cloud computing company Rackspace has announced that it has entered into a $4.3 billion cash deal with Apollo Global Management to become a private company.
13 Aug 2016
Flipkart launches office in Palo Alto
On 12th August, 2016, Indian e-commerce giant Flipkart established an office in the United States of America.
03 Aug 2016
JM Financial's chief Nimesh Kampani resigns
One of India's leading investment banker, Nimesh Kamapani, stepped down as Chairman and Managing Director of JM Financial group of companies, of which he was the founder.
02 Aug 2016
SBI plans to shut and relocate 30% of its branches
The biggest bank of the country, State Bank of India (SBI), is considering a proposal to either relocate or shut down 30% of its 24,000 branches.