May 9th, 2018Walmart. Inc has officially acquired Flipkart for $16 billion in a deal that soared the valuation of Indian e-commerce platform to over $20 billion, making it the biggest e-commerce acquisition ever globally. The brick-and-mortar company acquired 77% of the Indian e-tail business.
The news was also confirmed by previous Flipkart...
May 4th, 2018Flipkart, the Indian e-commerce giant came to terms with American brick-and-mortar mammoth, Walmart, to sell an equity stake of about 75% for $15 billion, according to a report from Bloomberg which cited anonymous sources.
SoftBank, the Japanese multinational conglomerate holding company that holds 20% stake in the e-commerce business...
March 21st, 2018Amazon just took Alphabet’s 2nd place in the standings of most valuable company in the world while Apple remains topper of the list boasting a valuation of $889 billion.
The e-commerce giant rose by 2.7 percent on Tuesday and thus lifted its stock market value to $768 billion and $1,586.51 per share. Parent company of Google,...
January 20th, 2018The search engine giant, Google Inc is set for its first battle in a London court over the "right to be forgotten" in two cases. This is the first time that the court in England will be dealing with the matter of Google's personal privacy and public interest.
The case is filed by two businessmen (anonymous) who want the search engine...
December 16th, 2017Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company’s “fraud and theft” and mentioned evidence of stolen trade secrets nailed “like a scalp” to the wall, a court official said Friday.
Special master, John Cooper, assigned to a lawsuit against...
December 13th, 2017Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country.
Google said in a statement the research center is the first of its kind in Asia and will comprise a small team...
December 5th, 2017Alphabet Inc's tech giant Google has led a $12.3 million round in Bangalore based Dunzo Digital Pvt Ltd owned daily tasks management app Dunzo, ET reported.
The round also saw participation from its existing investors Blume Ventures and Aspada Investment Advisors, a person familiar with the development told the source.
The...
December 5th, 2017Alphabet Inc’s YouTube said on Monday it plans to add more people next year to review and remove violent or extremist content on the video platform.
YouTube is taking stern actions to protect its users against inappropriate content with stricter policies and larger enforcement teams, YouTube CEO Susan Wojcicki said in a blog...
November 30th, 2017he billionaire founders of the top tech giants- Facebook Inc, Amazon Inc, Netflix and Google's owner Alphabet Inc lost a fortune of $7.6 billion net on Wednesday as the Nasdaq 100 suffered the worst drop in the past three months.
Among these the company that suffered the most was Facebook, whose founder Mark fell $2.6 billion alone as...
November 24th, 2017Uber's hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet's venture arm CapitalG last month.
This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not yet been closed and this $500...
October 27th, 2017Twitter said on Thursday that it overstated its monthly user numbers since 2014 after accidentally including third-party application's data in its count.
The revelation came when the company reported that its net loss had slowed in the third quarter and that the number of daily active users had risen by 14 per cent.
The disclosure,...
October 20th, 2017Google is offering security experts a bounty to identify Android app flaws as the Alphabet Inc unit seeks to wipe out bugs from its Google Play store.
Each flaw will score at least $1,000 under the programme announced on Thursday to back up automated checks that have failed to block malware and other problems that security experts say...
