BUSINESS Arkam Ventures- Indian Founders led Investment fund raises $42 Million June 9th, 2020 Arkam Ventures, a VC fund raises around $42 Million in its first funding round.
BUSINESS Yatra.com terminates $337 Million merger pact with Ebix June 8th, 2020 Yatra Online said it is terminating pending merger agreement with the US-based software firm Ebix Inc.
BUSINESS Reliance Industries denies any link to $1.2b Money Laundering case in Netherlands June 5th, 2020 Dutch investigators last week arrested three former employees of a local firm suspected of laundering $1.2 billion.
BUSINESS Uday Kotak to sell 2.8 pc stake in Kotak Mahindra Bank June 1st, 2020 Uday Kotak will sell 2.8 percent stake in Kotak Mahindra Bank for $90 million..
BUSINESS Foreign Investors pull out USD 26 billion from Asian economies May 20th, 2020 Foreign investors pulled out an estimated USD 26 billion from developing Asian economies.
BUSINESS Thai Airways will file for bankruptcy May 18th, 2020 Thai Airways International will file a plan for restructuring its business with the Central Bankruptcy Court.
BUSINESS Softbank Puts $9 Billion Losses as Vision Fund Investments Plunge May 18th, 2020 SoftBank Group racked up a loss of USD 9 billion for the fiscal year through March.
BUSINESS Uber Post USD 2.9 billion Loss in Q1 2020 Ride-hailing platform Uber lost USD 2.9 billion in the first quarter of 2020 due to the coronavirus pandemic.
BUSINESS Nokia profit up; Sales dip due to Covid19 April 30th, 2020 Nokia has reported first-quarter profit but said the COVID-19 pandemic dented sales.
BUSINESS Facebook revenue grew 17 percent, Posted $4.9 billion profit in Q1 2020 April 30th, 2020 Facebook also reported a sharp jump in usage as the global pandemic in a quarterly result.
BUSINESS Oracle wins cloud computing deal with Zoom as video calls surge April 28th, 2020 Zoom and Oracle executives said their engineering teams worked together on a daily basis to get up and running systems.