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Priyanka

Author's Posts

BUSINESS

August 7th, 2018 Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India. Last year in the same quarter, SoftBank's profits slumped to 5.5 billion yen due to its...
News

July 19th, 2018 According to the sources, US-based e-commerce platform Amazon is in early talks to invest in Indian pharmacy chain MedPlus. According to Medplus website, MedPlus Health Services runs over 1,500 pharmacies in India. The pharmacy chain also operates online store MedPlusMart, lab testing centers MedPlus Pathlabs and surgical equipment...
ACQUISITION

July 10th, 2018 India's biggest automobile company Tata Motors acquired 26% stakes in a tech-based freight aggregator TruckEasy. This is the first investment in a startup being done through Tata Motors Finance Holdings, a wholly-owned subsidiary of Tata Motors. However, the company did not disclose the amount. The Bengaluru based startup...
News

July 8th, 2018 Facebook has enhanced its security measures to protect the integrity of the July 25 general elections in Pakistan and prevent the spread of false news, a spokesperson for the social media giant, which has been plagued by a massive data leak scandal, said. Facebook founder Mark Zuckerberg had to face a grilling in the US and in the...
Market

July 7th, 2018 The social media giant Facebook stock closes at an all-time record high of USD 203.23. Despite Cambridge Analytica data scam controversy, Facebook is still fetching a good number of returns. Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 after the scam controversy...
INDIA

June 23rd, 2018 Aadhar Card is a 12 digit unique identification number issued by the UIDAI (Unique Identification Authority of India). The Aadhar card is based on a person’s biometric and demographic data. Aadhar card has become a very crucial document in India and is linked to a wide range of services like bank account, passport, etc and government...
BUSINESS

April 23rd, 2018 Mahindra Group and online taxi aggregator company Meru cabs announced a collaboration for a pilot Electric Vehicle project in India. As per the press release by the Mahindra Group, the pilot project will see Meru deploy a fleet of eVeritos, the all-electric sedan by Mahindra and the model will be replicated in other cities...
BUSINESS

April 17th, 2018 Swedish home furnishings chain IKEA today said it has signed a memorandum of understanding (MoU) with the Gujarat government to set up its stores in the state with an expected investment of up to Rs 3,000 crore in the long term. IKEA, which received government approval in 2013 for its Rs 10,500-crore proposal to open retail stores...
FUNDING

April 17th, 2018 Accel Partners, a private equity investment firm has invested about Rs 40 crore in online freight logistics firm Cogoport. In a press release, the Cogoport said, "it has secured Series A funding round from Accel Partners, however, the company did not disclose the amount it has raised but according to our sources the amount is around...
ANALYSIS

April 9th, 2018 Highlights The report released by the Institute for Competitiveness, India seeks to analyze the impact of Reliance’s entry into Telecom on the Indian economy   Jio has managed to change the face of the Indian telecom industry by changing the basis of competition from being voice-based to a data-based...
FUNDING

March 28th, 2018 SmartCoin, a Bengaluru based Fintech startup raises $2 million funding in pre-Series A round from a top Chinese VC fund and Accion Venture Lab. An existing investment group Unicorn India Ventures also participated in the round, along with ISME ACE, a leading fintech accelerator. This funding round will use to expand the team...
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