The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup […]
Russian Twitter accounts posted almost 45,000 messages about Brexit in the 48 hours around last year’s referendum in an attempt to sow discord during the vote on whether to leave the European Union, the Times newspaper reported on Wednesday. The Times cited research from an upcoming paper by data scientists at Swansea University and the […]
Merely two weeks after Snapdeal CFO Anup Vikal’s exit, its Chief Technical Officer Rajiv Mangla quits the online retailer, a company spokesperson confirmed on Saturday. Rajiv Mangla is said to have resigned from his post on Friday, October 27; and will be transiting out of his role by 15 December. “Rajiv has played a key role […]
The internet has gone crazy about Nirmalya Kumar’s latest blog post about how Cyrus Mistry was fired as Tata’s Chairman. Nirmalya Kumar, Former Group Executive Council member at Tata Sons has revealed a sequence of events on 24 October 2016, the day when Cyrus Mistry was relieved from his services. Nirmalya Kumar was hired by Cyrus to […]
American venture capital firm Sequoia Capital is exploring the options to sell out its portfolio company Pine Labs, one of the country’s largest PoS (point of sale) solutions provider. According to the sources reported to ET, Sequoia Capital, who presently owns two-third of this Noida based startup, is targeting a valuation of about $1 billion […]
Chinese handset maker LeEco today refuted reports of winding up its India operations but admitted that it has undertaken an “optimisation exercise” in the world’s second largest smartphone market. “India is one of the most strategic markets for LeEco and hence no exit plan… (the company) has recalibrated and reimagined its business in India since […]
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion leader Accion, announced today that it has successfully exited an investment for the first time. Venture Lab has sold its stake in Varthana, a company providing specialized loans and support to affordable private schools in India, promoting access to and the quality of education for […]
London’s technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. “India is the second largest investor into London, after the US… Despite concerns over foreign investment inflows after the Brexit referendum, it will continue to be […]
A day after the abrupt ouster of Cyrus Mistry as Tata Group chairman, Ratan Tata, who has assumed charge as interim Chairman, today asked senior management of the conglomerates firms to focus on their businesses without being concerned about the top level change. Stating that his role is for short term so as to ensure […]
The United Kingdom, Europe and the world woke up to a new reality. With the majority of the population voting to leave the European Union, Britain has started its road to separation. With sterling plummeting to its lowest level in 31 years and the stock market falling sharply this morning, what lies ahead? What will be […]
Britain’s exit from the European Union will have a muted impact on the over USD 17 billion Mahindra Group, but the event highlights the importance of sound risk management for the corporate world, the Group said today. The farm equipment to aerospace group, which has presence in the UK mostly in the IT and auto […]
As Britain voted to exit the EU, Tata Motors-owned Jaguar Land Rover today said it is “business as usual” and will manage the long-term impact and implications of the decision, insisting “nothing will change” overnight for it and the automotive industry. “For Jaguar Land Rover, today is just business as usual. We are a British […]