Flipkart, one of India’s largest e-commerce companies, has raised $160 million from private equity investors, taking the total to $360 million in its recent fund raising drive to build and strengthen technology and bolster its supply chain. Source:timesofindia No tags for this post.
Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture, leaving the world’s biggest retailer to go it alone in a country where it has struggled to build a bigger presence. Wal-Mart tied up with Bharti in 2007 and had been the most vocal proponent of prying open India’s restrictive retail market [...]
Gold futures prices on Tuesday rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas. Sourse:timesofindia No tags for this post.
The US government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects. US government began shutting down early Tuesday after the Congress failed to solve the budget impasse and the Senate rejected a [...]
BlackBerry Ltd reported a quarterly loss of nearly USD 1 billion on Friday, in line with a warning it gave last week, just days after the smartphone maker accepted its largest shareholder’s tentative USD 4.7 billion bid to take it private. The report showed Blackberry turned in a particularly limp performance in Latin America, a [...]
For troubled Canandian handset-maker BlackBerry, the proposed $4.7 billion stake buyout of the company by billionaire majority stakeholder and former BlackBerry director Prem Watsa, who is now chairman and CEO of Fairfax, could not have come at a better time. Last weekend, BlackBerry withdrew the cross-platform BBM app – it has grown more popular than [...]
Continuing its losing streak, the BSE Sensex today further lost over 118 points in early trade as banking stocks slumped after international rating agencies downgraded the debt rating of the nation’s top three public sector lenders. The 30-share index, which lost 745.68 points in the previous two sessions, fell further by 118.18 points, or 0.59 per cent, [...]
Take-Two Interactive the company that owns Rockstar Games, the makers of GTA franchise of video games, today announced that GTA V had crossed $1 billion in sales. It took GTA V just three days to reach the milestone, which easily beats the record holder from last year, Call of Duty: Black Ops 2, which took [...]
Sony Corp expects its PlayStation 4 game console to become profitable in much less time than the four years it took the PS3, the head of Sony’s game unit said on Thursday. Andrew House told Reuters in an interview that the price of the PS4 is attractive and that he expects this to drive sales. [...]
India’s leading industrialist Ratan Tata has been nominated as a member of the board of trustees of the Carnegie Endowment for International Peace, an American think tank, a media release has said. We are extremely proud to welcome Ratan to our board of trustees, Harvey V Fineberg, chairman of the board said in a statement on Wednesday. [...]