Before Apple forayed in the smartphone manufacturing sector, it was known for its other products- Macintosh, MacBook, iPod etc. that it manufactured down the years of developing technology. Apple, as we know it today, started off as Apple Computer Inc. on its roller-coaster journey where Steve Jobs, was forced out of his own company, after […]
Computer maker Dell said on Friday it was considering a public offering of common stock or a combination with business software maker VMware, its publicly held subsidiary. Dell, the world’s largest privately held technology company, is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC for $67 billion in 2016 failed to meet […]
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line. Shares rose more than 6 percent in extended trading, after […]
Mumbai based mobile and web testing service platform BrowserStack raised $50 million venture funding from led by venture fund Accel Partners ( Accel US and India). The six-year-old Mumbai-based company now valued more than $400 million. The company was operating on bootstrap model and running profitable from last six years and this is also be the largest series […]
Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. One of the bugs is specific to Intel but another affects laptops, desktop computers, smartphones, tablets and internet […]
Belarus has legalized transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalizing parts of its Soviet-style economy. President Alexander Lukashenko signed a decree on the move on Thursday, his press service said. Bitcoin, the world’s most popular crypto-currency, has lost a third of its value since […]
Japanese multinational telecommunications corporation SoftBank Group has offered to buy shares from investors and former and existing employees of Indian e-commerce website Flipkart, valuing it around $9-10 billion. SoftBank has offered to buy Flipkart shares at $85-89 per share, Mint reported. The price range values Flipkart slightly lower than the pre-money valuation it clinched in […]
Jeff Bezos worth surpassed $100 billion! As per the Bloomberg’s reports, Amazon Inc founder’s net worth has exceeded $100 billion for the first time. As the online retailer’s shares jumped more than 2 percent due to sale on Black Friday Amazon, it added $2.4 billion worth to Jeff making it to a total of $100,3 […]
Santa Clara based big-data and analytics startup Qubole has raised a funding of $25 million from Singtel Innov8 and Harmony Partners on Thursday. The round also saw participation from its existing investors Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners who also infused in the funding, making it to a total […]
Observing that the recent increase in Indias ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today said the country as a place for business is a lot more attractive than its ranking suggests. Investors usually go where the environment is the best and not where the […]
Data Integration platform Hevo Data has raised $1 million in a round of seed funding from IDG Ventures India, according to the latest press releases. Founded by the Manish Jethani(CEO) and Sourabh Agarwal(CTO), who previously launched SpoonJoy, an on demand food delivery app in India, the cloud-based SaaS(Software as a Service) startup that leverages machine […]
Amazon.com Inc’s post-earnings surge has pushed Jeff Bezos to the top of the Bloomberg Billionaires Index for the first time, ahead of Microsoft co-founder Bill Gates who had held the spot as the richest person on Earth for four years. Bloomberg Billionaire Index showed that Jeff Bezos added $10.4 billion to his net worth as Amazon […]