SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank and […]
Bangalore based online furniture and home furnishing startup HomeLane has recently acquired modular home furniture marketplace Capricoast for $13.8 million. This acquisition will grant HomeLane to leverage tech stack of Capricoast to provide customers a more streamlined and better home designing experience. As part of the acquisition deal, the entire team of Capricoast comprising of […]
In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some […]
[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the […]
[dropcap]I[/dropcap]ndonesia has warned Google and Twitter, world’s largest social-media providers to block pornographic content in its country of face the blockage. Twitter Inc., Alphabet Inc.’s Google and a host of companies have been put on notice by Indonesian Communications Minister Rudiantara, who threatened “all platforms” that if they don’t adhere to government requests to block content, […]
[dropcap]T[/dropcap]esla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles […]
[dropcap]S[/dropcap]earch engine giant Google today paid tribute to Cornelia Sorabji, the first Indian woman student in Britain and India’s first woman lawyer, on her 151st birth anniversary with a special doodle. Sorabji, born in Maharashtras Nashik in 1866, is also recognised as the first woman graduate of Bombay University. Designed by illustrator Jasjyot Singh Hans, […]
Alphabet Inc’s Google in the last few months has begun removing from YouTube extremist videos that do not depict violence or preach hate, YouTube said on Monday, a major policy shift as social media companies face increasing pressure from governments. The new policy affects videos that feature people and groups that have been designated as […]
Lyft is expected to take over a significant amount of U.S. market, and has gained much on its rival Uber Technologies Inc, according to a private Lyft investor report obtained by Bloomberg. The investor is depicting in the report that by the end of the year, Lyft’s shares will see a boost in its U.S. ride-hailing […]
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 […]
SoftBank CEO Masayoshi Son on Monday said he could still walk away from the deal between SoftBank Group Corp and Uber, after the negotiations for stake in the cab aggregator platform. He also added that perhaps the company may even invest in Uber’s rival Lyft. “Depending on the price and conditions, it is wholly possible […]
Qualcomm Inc has sued Apple Inc, alleging that it violated a software license contract to benefit rival chipmaker Intel Corp for making broadband modems, the latest salvo in the longstanding dispute between Qualcomm and Apple. Qualcomm said in a lawsuit filed in California state court in San Diego on Wednesday that Apple used its commercial […]