Search Results for: Softbank

WhatsApp builds system to comply with India's payments data storage norms

WhatsApp's move to comply with storage norms could potentially threaten entrenched players such as SoftBank and Alibaba-backed Paytm.

Oct 9, 2018

Drunk Indigo passenger tries to enter plane cockpit to charge phone

An officer at the airport police station said the person, who was around 35 years old, was taken to the police station but was later let off after questioning.

Sep 26, 2018

Oyo secures $1 billion in fresh funds to drive China expansion

The billion dollar boost comes from existing investors such as SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners.

Sep 25, 2018

Uber in talks to acquire Dubai-based rival Careem Networks FZ for more than $2 billion

Uber, which is on track to go public one year from now, has been looking for new roads of development even as it fights serious rivalry in its business of riding hailing.

Sep 19, 2018

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Ola raises $50 million from China's communist party-backed investor

The investee companies --Sailing and CEECF -- have paid the amount to hold a combined stake of more than 1 percent in Ola which implies that its valuation has gone up since its previous round of funding.

Sep 18, 2018

Walmart-Flipkart deal: US retail gaint pays Rs 7,439 crore tax

The IT department had earlier sent a communication to Walmart International Holdings seeking a break-up of the taxes paid from the payment to all the shareholders.

Sep 16, 2018

GST impact: Unemployment rate increased from 4.1% to 6.4 % despite economic growth

For Prime Minister Narendra Modi, the drawbacks of the GST, especially the job losses, could prove costly in major state elections later this year and a general election in mid-2019.

Sep 6, 2018

OYO likely to get backing from Chinese giant Didi Chuxing

OYO, the hospitality service and budget hotel network, was under the final stages of a new $800 million- $1 billion financing round, which will eventually split its India and China operations for the purpose of finance.

Sep 3, 2018

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Warren Buffett to invest in Paytm - his first investment in an Indian company

If the deal goes through, it will be Buffet's first direct investment in India and also his first investment in a privately-held tech company anywhere in the world.

Aug 27, 2018

Is Apple behind Yahoo Game Plus' downfall? Japan's FTC investigates

Apple is being probed engaging in anti-competitive behaviour by violating Japan's Anti-Monopoly Act after Yahoo Japan complained against the tech behemoth for pressurising it into shutting down Game Plus.

Aug 16, 2018

Saudi Arabian PIF 'reluctant' for Tesla buyout proposal

While Tesla's CEO, Elon Musk is said to have made an offer of $72 million, there are still no takers to make the company private.

Aug 12, 2018

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Walmart executives had a meeting with senior income tax officials and assured them that the company will comply with all the rules and regulations.

Aug 10, 2018

Robots left unsecured on internet may pose danger, reveals study

A new research conducted by professors at Brown University found that robot security is so poor that hackers can easily access cameras, sensors and actuators on over 100 exposed systems running Robot OS (ROS).

Jul 29, 2018

E-commerce giants, cotton industry hit by truck strike

With no end in sight for the strike, the cotton factories are on the verge of closure and vegetable prices are expected to rocket as inventory is dwindling.

Jul 27, 2018

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Paytm May lose competitive advantage as industry war thickens

Intense lobbying by several American card firms has forced the RBI to soften its stance on local data storage of all Indian transactions, which Paytm has been pushing for.

Jul 25, 2018

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