alibaba group plans to invest 200 million in bigbasket online grocery

Alibaba Group Plans to Invest $200 Million in BigBasket Online Grocery

Company Mohit Shah - Dec 11, 2017

Alibaba Group Holding Ltd., China’s e-commerce giant, is set to invest about $200 million in India’s largest online superstore, Bigbasket, leading a $280 million funding round in the start

wells fargo sees drop in credit card sales in february

Wells Fargo sees drop in Credit card sales in February

Company Nikhil S - Mar 21, 2017

February witnessed a reduction in credit card applications and checking accounts with Wells Fargo & Co (WFC.N), the bank informed on Monday, highlighting the sixth straight month of reduction.

alibaba acquires chinese online ticketing platform damai

Alibaba acquires Chinese online ticketing platform Damai.cn

Company Vinay Mishra - Mar 21, 2017

Marking a further push into entertainment, Alibaba is set to fully own Damai.cn, which has millions of registered users and has sold tickets for more than 1.8 million events worldwide.

bp in talks with ineos for the sale of forties pipeline

BP in talks with Ineos for the sale of Forties pipeline

Company Mohit Shah - Mar 21, 2017

BP is in active talks with Ineos for vending the North Sea’s largest oil pipeline, which is utilized for the transportation of crude that prices the international Brent benchmark.

vodafone india announces merger with idea to become the biggest telecom entity in india

Vodafone India announces merger with Idea to become the biggest telecom entity in India

Company Vinay Mishra - Mar 20, 2017

Post the amalgamation, Vodafone will hold 45 percent and Idea will command over 26 percent in the combined entity, which will have 400 million subscribers.

uber president resigns amid turmoil plans to quit office in 6 months

Uber President resigns amid turmoil; plans to quit office in 6 months

Company Vinay Mishra - Mar 20, 2017

Among a series of high-profile resignations and controversies in the firm, Uber president Jeff Jones steps down after just six months on the company post.

indian startup paytm goes global with services launching in canada

Indian startup Paytm goes global with services launching in Canada

Company Vinay Mishra - Mar 17, 2017

Alibaba-backed Paytm, an online digital wallet maker with a current user base of over 200 million has launched mobile payment services in Canada.

california judge approves lyft settlement covering dollar 27million

California Judge approves Lyft Settlement covering $27 Million

Company Pavan Pandey - Mar 17, 2017

According to court filings, Vince Chhabria, a United States District Judge, gave his ultimate authorization to the $27 million settlement against Lyft.

fox purchase bid for sky to be examined

Fox purchase bid for Sky to be examined

Company Mohit Shah - Mar 17, 2017

Karen Bradley informed MPs regarding the investigation of the purchase bid which would be probably conducted by media regulators Ofcom and the CMA (Competition and Markets Authority).

apple found guilty of fixing prices of several iphone models in russia

Apple found guilty of fixing prices of several iPhone models in Russia

Company Mohit Shah - Mar 16, 2017

According to Federal Anti-Monopoly Service (Fas), Apple's local subsidiary informed 16 retailers to sustain the recommended prices of phones belonging to iPhone 5 and iPhone 6 segments.

cathay pacific announces first annual loss in eight years

Cathay Pacific announces first annual loss in eight years

Company Mohit Shah - Mar 15, 2017

On Wednesday, Hong Kong’s Cathay Pacific Airways reported its first annual loss since the 2008 global financial crisis; shares dropped after the official announcement.

toshiba might sell westinghouse nuclear business

Toshiba might sell Westinghouse nuclear business

Company Mohit Shah - Mar 14, 2017

Japanese technology company, Toshiba, missed its second deadline to report earnings; President Satoshi Tsunakawa indicated that the firm might sell its major stakes in the US-based nuclear unit.

vodafone plans to create 2100 customer service jobs in the uk

Vodafone plans to create 2,100 customer service jobs in the UK

Company Mohit Shah - Mar 14, 2017

Telecom operator Vodafone has announced its fresh plan to create 2,100 customer service jobs in the United Kingdom over the next two years.

vista equity partners to acquire canada based dh corp in 36 billion dollar deal

Vista Equity Partners to Acquire Canada-based DH Corp. in $3.6 Billion Deal

Company Pavan Pandey - Mar 14, 2017

Vista Equity Partners, a United States investment firm, stated that it would acquire Canada’s financial technology company, DH Corporation, in a deal valued C$4.8 billion.

wandas 1 billion dollar deal to acquire dcp officially terminated

Wanda’s $1 Billion Deal to Acquire DCP Officially Terminated

Company Pavan Pandey - Mar 11, 2017

The owner of Dick Clark Production (DCP) Inc., Eldridge Industries, confirms that it has dismissed its deal with Wanda Group to sell the American TV production company.

airbnb raises another 1 billion to become second most valued startup

Airbnb raises another $1 billion to become second most valued startup

Company Vinay Mishra - Mar 10, 2017

Airbnb now valued at $31 billion could use this funding to expand operations globally and for further acquisitions and investments.

shell to sell off its canadian oil sands to canadian natural

Shell to sell off its Canadian oil sands to Canadian Natural

Company Vinay Mishra - Mar 09, 2017

The deal's net worth to Shell is $7.25 billion, with this deal Shell completes $20 billion of disinvestment as it works towards its target of $30 billion by late 2018.

radioshack corp files for bankruptcy again

RadioShack Corp. Files for Bankruptcy Again

Company Pavan Pandey - Mar 09, 2017

The US-based electronic retailer, RadioShack Corp., said in a statement, it will close nearly 200 stores and also evaluate options on the remaining 1300 electronics shop.

boeing unveils the new model of 737 max family airliner

Boeing Unveils the New Model of 737 MAX Family Airliner

Company Pavan Pandey - Mar 09, 2017

The newly unveiled Boeing 737 MAX 9 beats its older sibling of MAX family, the smaller MAX 8 which was launched by aerospace manufacturer giant in December 2015.

samsung to create fresh production facilities in the us

Samsung to create fresh production facilities in the U.S.

Company Mohit Shah - Mar 09, 2017

The initial investment is expected to be close to a noticeable amount of $300 million. It is also reported that, Samsung is in talks with five U.S. states, and the fresh decision can generate close to

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