October 21, 2017
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Infosys invests $4 Million in Israeli Startup Cloudyn for minority stake

Days after Wipro announced  buying the Israeli aerospace firm H.R. Givon,  Bangalore based sofware exporter Infosys has funded a cloud computing startup out of Israel with presence in the US called Cloudyn, picking up a minority stake in the firm for $4 million. However, the company did not disclose its stake holding percentage in the five year old Israeli startup. Cloudyn …

GST Gets It’s Own IT Back Up With Infosys

The government is trying its best to add to Goods and Service Tax Bill in Amendment thus presenting in Monsoon Session held daily in the Parliament. The approach is highly beneficial for common man, especially those who hail from businesses. IT giant Infosys has created a website to support and provide back up on behalf of GST Bill through which consumers …

Healthkart raises $12Million in Funding from existing Investors

Online healthcare startup Healthkart.com has raised $12 Million (approximately Rs. 80 crores) in a series E round of funding from existing investors, chief among which are Sequoia Capital India, Omidyar Network, and Kae Capital. The Gurgaon-based company which is a part of Bright Lifecare Pvt. Ltd will be utilizing the funds towards all around expansion. Healthkart was founded in 2011 …

Uber To Launch It’s Own Global Mapping; Dissatisfied With Current Navigating System

One of the world’s largest car renting service providers, Uber Inc. is ready to launch it’s own global mapping project with almost $500 million as an investment due to its dissatisfaction towards current navigation system provided by Google Inc. The enterprise wants more information regarding navigation and mapping technologies which include more data on traffic pattern as well as precisely located …

Didi Chuxing slated to buy Uber’s China Operations

Sources have revealed that Uber has decided to merge their business unit in China with the country’s leading taxi-booking service, Didi Chuxing Technology Co. Uber has lost a lot of money by trying to claim dominance on the digital transportation front in China, while Didi has left no stones unturned to give the American taxi service serious competition. Didi had earlier agreed to …

China’s Pharmaceutical Ready To Acquire Hyderabad’s Gland Pharma For 1.3 billion USD

China-based Fosun Pharmaceuticals Ltd. is all set to acquire Hyderabad-based Gland Pharma for $1.3 billion having 96% of its stakes in the firm. The shares holding is backed by global private equity enterprise KKR & Co. The respective company deals in manufacturing of generic injectables, approved by US and UK drug regulators. The products are send in US market as …

iPhone Sales Surges By 51% in India

Smartphone giants Apple Inc. recorded a surge in sales of its handsets by 51% in India even though global sales depreciated, thus total revenue settling down by 14.6%. Surprisingly it surpassed Wall Street in its third quarter thus estimating a top revenue in the present period of trade analysis. The Giants soothed out breathing as its utterly demanding product had …

Amazon Prime To Hit Indian Market With Free 3 Months Trial

One of world’s leading e-commerce web portal Amazon Inc. finally launched its Amazon Prime which ensures to provide video subscription in the country. People can avail the service through visiting Amazon website with an exclusive 30-days trial in hands, absolutely free of cost. Imagine ocean of videos and audios collection playing in front of your eyes, comprising best of accumulated …

Verizon Buys Yahoo for $4.8 Billion

End of an era, as one of the last independently operated pioneers of the web world, Yahoo has been sold to Verizon for $4.8 billion. Although any official announcement has not been made from any of the two companies, it is expected to happen before the markets open on Monday. Founded in 1994, this Silicon Valley company started its journey …

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