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Uber Seals Multibillion-Dollar Investment From Japan’s Softbank

Uber Seals Multibillion-Dollar Investment From Japan’s Softbank

The long-awaited deal was made public in October but was delayed by a corporate governance and legal dispute between investor Benchmark Capital and ousted CEO Travis Kalanick. DETROIT – Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant. Uber Technologies Inc. confirmed the investment in a statement […]

November 18th, 2017 | Posted in Business | Read More »

PayPal Formally Launches India Operations

PayPal Formally Launches India Operations

PayPal is present in over 200 markets, and focuses on SMEs and freelancers to leverage the global opportunity. MUMBAI – American digital payments player PayPal, which has been operational here for the past one decade, today formally launched its domestic operations. Under its services, PayPal India will offer global Indians a single account for their […]

November 18th, 2017 | Posted in Business | Read More »

India Very Important For Alibaba, Says CEO Of Chinese e-Commerce Giant

India Very Important For Alibaba, Says CEO Of Chinese e-Commerce Giant

The company has invested in Indian digital payment platform and e-commerce brand Paytm. SHANGHAI – India is a “very important” market to the Chinese e-commerce giant Alibaba in its global strategy, the Chief Executive Officer of the company said here on Saturday. “Globalisation is one of our key strategies for Alibaba. As part of this […]

November 18th, 2017 | Posted in Business | Read More »

3 Ways To Make Money For Travel

3 Ways To Make Money For Travel

For many people, travel is a luxury only to be dreamed about. When you’re living paycheck to paycheck, you can’t afford a weekend away, especially not overseas, but even within the country. But travel is still a dream that most of us are committed to. We want to go places, see the sights and meet […]

November 13th, 2017 | Posted in Business, Link News, News | Read More »

Ola, Microsoft Join Hands To Build New Connected Car Platform For Auto Firms

Ola, Microsoft Join Hands To Build New Connected Car Platform For Auto Firms

Microsoft will be a preferred cloud services provider to Ola and the Indian taxi start-up will use Microsoft Azure for Ola Play as part of the partnership. NEW DELHI – In what could be a leg-up for cab aggregator Ola and help it become a supplier to auto companies worldwide, the company on Tuesday said […]

November 11th, 2017 | Posted in Business | Read More »

Hershey To Invest $50 Million To Scale Up India Operations

Hershey To Invest $50 Million To Scale Up India Operations

The Hershey Company had entered India through a joint venture in 2008, but dissolved it four years later, buying out the entire stake. MUMBAI – US-based chocolate and confectionery firm Hershey said on Friday it would be investing $50 million in India over the next five years to scale up its operations here. “We anticipate […]

November 11th, 2017 | Posted in Business | Read More »

Chinese Online Giant Alibaba’s Q2 Revenue Up 61%, Beats Estimates

Chinese Online Giant Alibaba’s Q2 Revenue Up 61%, Beats Estimates

The second quarter is often slower for Alibaba as it prepares for the annual blockbuster Singles’ Day event on November 11. BEIJING – Alibaba Group Holding Ltd hailed an “outstanding quarter” on Thursday and raised its outlook for the year after beating forecasts with a 61% revenue rise driven by strong growth in online sales. […]

November 11th, 2017 | Posted in Business | Read More »

New Rules Will Government Savings Accounts To Be Closed If Holder Becomes NRI

New Rules Will Government Savings Accounts To Be Closed If Holder Becomes NRI

NEW DELHI – Amending rules on post office savings schemes like the National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed prior to maturity in case of holders changing their personal status to become non-resident Indians (NRIs). The amended rules were notified in the official […]

November 4th, 2017 | Posted in Business | Read More »

45 US States Accuse 18 Companies Of Collusion In Broad Generic Drug Price-Fixing

45 US States Accuse 18 Companies Of Collusion In Broad Generic Drug Price-Fixing

The states said the drugmakers and executives divided customers for their drugs among themselves, agreeing that each company would have a certain percentage of the market. WASHINGTON – A large group of US states accused key players in the generic drug industry of a broad price-fixing conspiracy, moving on Tuesday to widen an earlier lawsuit […]

November 4th, 2017 | Posted in Business | Read More »

Bharti Airtel Q2 Profit Plunges 77% On Price Wars Involving Reliance Jio

Bharti Airtel Q2 Profit Plunges 77% On Price Wars Involving Reliance Jio

Profit fell to Rs 343 crore in the quarter ended Sept. 30 from Rs 1,461 crore a year earlier. as they sit on a railing with Bharti Airtel billboards installed on it, along a sidewalk in Kolkata.(REUTERS) NEW DELHI – The country’s largest telecom company Bharti Airtel on Tuesday posted 76.5 per cent plunge in […]

November 4th, 2017 | Posted in Business | Read More »