Founder of KickassTorrents, the world’s largest piracy website has been arrested by the USA. The 30-year-old Artem Vaulin, from Ukraine, was arrested today in Poland and is charged with criminal copyright infringement and money laundering. In addition, a federal court in Chicago has ordered the seizure of several KAT domain names. With millions of unique […]
Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement. Founded in 2011 […]
When was the last time you visited a restaurant with all Dalit chefs? Or picked up a cookery book with authentic recipes of Dalit cuisines? Or even bought a masala unique to Dalit recipes? Possibly never. For that matter, what counts as ‘Dalit food’ to begin with, you may ask. Not very surprisingly, the omniscient […]
Japan’s Line Corp saw its shares rocket on their Tokyo debut, extending a strong start in New York the day before, and taking the value of the messaging app firm to $8.6 billion in the year’s biggest tech IPO. The operator of the world’s seventh most-used messaging app listed first in New York in a […]
The Chairmam of Piramal Groups has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on Monday. Chennai-bases Utoo was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasankaran, a former owner of telecom firm Aircel, said. The […]
The taxi industry, with a potential of $7 billion to be reached by 2020( as predicted by SoftBank) has started sheltering e-payment besides cab hailing services. While everyone is familiar how Uber and Ola are striving to gain an upper hand in this sector, theres a silent battle brewing between the wallet and payment service […]
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 […]
Japanese messaging app firm Line Corp has delayed setting a tentative price range for its initial public offering (IPO) by one day, until Tuesday, the company said in a regulatory filing, citing the “market environment”. The IPO price range was originally scheduled to be announced on Monday. Line still plans to list in New York […]
In a report, Us based FTC ordered InMobi, SoftBank-backed Indian mobile advertising firm to pay $950,000 civil penalties for tracking locations of “hundreds of millions of consumers – including children – without their knowledge or consent” to serve their geo-targeted advertising. InMobi is subject to a $4 million penalty but the agency suspended the fine […]
SoftBank Group Corp said Wednesday that Ken Miyauchi, head of the group’s Japanese telecommunications operations, would become president and chief operating officer to replace Nikesh Arora. Arora, the former Google executive handpicked by the SoftBank founder Masayoshi Son as his successor, has abruptly quit as president after it became clear that Son wanted to remain […]
A new mobile app, Nanu, has started offering free calling service, including on mobile numbers and landline connections — a facility on which private telecom operators have raised objection before sector regulator Trai and government. “If you read the Indian Telegraph Act, you can interpret that every form of data transmission over the internet, which […]
In line with trending terms like “Brexit” and “Rexit”, now Twitterati have coined a new expression “Nexit” after India-born Nikesh Arora announced his surprise resignation as President and COO at SoftBank. For the past several days, two words Brexit and Rexit have been trending. Brexit in short stands for Britains possible exit from the European […]