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Morgan Stanley now values Flipkart less than $10 billion

Friday, May 27, 2016 | More »

Flipkart
Indian e-commerce firm Flipkart has suffered its fifth markdown after a mutual fund managed by global financial services firm Morgan Stanley slashed the value of its stake in the company by 15.5%. The Morgan Stanley Institutional Fund Trust estimates each Flipkart share is worth $87.86 at the end of...

Techcircle-Startup-Tour

Explore the potential of starting up in Kerala @ Techcircle Startup Tour; register now

The startup ecosystem in Kerala has been becoming increasingly vibrant. Already home to more than 300 startups, the state has been transforming to a hub for disruptive startups emerging from south India. Further, with allocation of more than Rs 200 crore and initiatives such as Kerala Startup Missio...

27 May, 2016 | More »

bitcoin

The Bitcoin Enterprise: A Viable Currency?

Though at a nascent stage in India, bitcoins are slowly getting popular as the currency of future. The launch of merchant gateways by bitcoin exchanges may be the early signs of growing acceptability of bitcoin in India. Where do we see the digital currency go from here as a mode of payment? Worldwi...

26 May, 2016 | More »

mobile_forum123

Techcircle Mobile Forum to explore the role of mobile in economic empowerment; block your calendar now

Of late, the mobile sector has been a pointer to the technological and social revolution happening in India. In addition to creating millions of jobs and contributing to India’s economic growth, the mobile sector has been helping bridge the social and economic divide across the country by supporti...

25 May, 2016 | More »

fb_by-mukul

Facebook buys VR audio firm Two Big Ears

Facebook has acquired Edinburgh-based company Two Big Ears that specialises in spatial 3D audio in cinematic and gaming experiences, as part of its bid to realise its virtual reality (VR) ambitions. The social network company, which owns VR major Oculus, will make Two Big Ears “3Dception” techno...

24 May, 2016 | More »

Techcircle-Startup-City-Tour

Kerala to host first edition of Techcircle Startup Tour; registrations open

As India’s startup ecosystem moves towards a more mature phase, the entrepreneurial wave that has been sweeping the country over the past few years has found its way to tier II and tier III cities, resulting in a clutch of ventures from these towns disrupting traditional businesses. Untapped marke...

24 May, 2016 | More »

Tata-CLiQ

Tata Group to launch e-commerce platform next week

Tata Group said on Tuesday it will open its online shopping platform to consumers from May 27, as India’s biggest business conglomerate becomes the latest brick-and-mortar corporate house to tap into the rapidly growing e-commerce sector. Tata CLiQ, the new venture, will operate through its websit...

17 May, 2016 | More »

Techcircle-Payments-Forum

Final agenda for Techcircle Payments Forum 2016, a few seats left; register now

The 5th edition of Techcircle Payments Forum, to be held on May 19 at ITC Maratha Mumbai, will bring together CEOs of leading payment service providers, payment heads of top banks, representatives of payment service companies, technical directors, CIOs, digital payment and risk consultants, and priv...

17 May, 2016 | More »

Payment111

Visa’s TR Ramachandran to speak @ Techcircle Payments Forum 2016; register now

The payments ecosystem in India is going through an exciting phase with the emergence of payment banks, small finance banks and innovative solution providers who are enabling seamless transactions for great user experience and better business outcomes. Given the evolving dynamics of the payment ecos...

13 May, 2016 | More »

apple_fe

Apple invests $1 bn in China’s Didi Chuxing

Apple Inc has invested $1 billion in Chinese ride-hailing firm Didi Chuxing, earlier known as Didi Kuaidi, in a deal that gives the tech giant a stake in Uber Technologies Inc’s main competitor in the world’s second-largest economy. The deal with Apple is the single-largest investment Di...

13 May, 2016 | More »

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