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Internet

Twitter starts talks to explore sale; Google, Salesforce potential suitors

Saturday, September 24, 2016 | More »

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Struggling microblogging platform Twitter Inc. seems to have inched closer to getting acquired. The San Francisco-based company has held preliminary talks with several technology companies, including Google and Salesforce, and could soon receive a formal buyout bid, international media reports said....

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Exclusive: AskMe may be wound up as Astro rebuffs management buyout offer

Troubled Indian ecommerce company AskMe is likely headed for a winding-up as its parent Astro Group has rejected the buyout proposal made by the management team leading it. The Malaysia-based group, which owns 98.5% stake in the company, has said it will leave it to the liquidator appointed by the c...

23 September, 2016 | More »

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Exclusive: Myntra brings Jabong’s tech team under own roof

Flipkart-owned fashion e-tailer Myntra has moved the research and development team of Jabong in Bengaluru to its own facility, less than two months after it acquired the lifestyle and apparel shopping portal. Both R&D teams will continue to work separately for now but any integration in the futu...

23 September, 2016 | More »

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Yahoo confirms data breach; 500 mn accounts hacked

Yahoo! Inc. on Friday confirmed that personal information associated with at least 500 million accounts was stolen from company’s networks and has blamed ‘state-sponsored’ hackers. In a statement the company said that information leaked includes names, email addresses, telephone numbers, date ...

23 September, 2016 | More »

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CBSE beefs up curriculum to fight cyber bulling

At a time when cyber bullying has become a menace, the ministry of electronics and information technology is preparing a curriculum on the same to be incorporated in the Central Board of Secondary Education’s syllabus. The content, to be also incorporated in other school books, is targeted at chil...

23 September, 2016 | More »

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Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »

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Airbnb raising $850 mn from Google Capital, others

US-based home rental startup Airbnb Inc. is raising an estimated $850 million in a round of funding which values the company at $30 billion. The development was first reported by Fortune, citing anonymous sources. The report said that the company has held first close of the funding round at $555 mil...

23 September, 2016 | More »

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Mobile repairing startup Gadgetwood gets $6 mn from Carpediem

Home-grown private equity firm Carpediem Capital has invested nearly Rs 40 crore (around $6 million) in Gadgetwood, an on-demand repair services and refurbishment startup, marking its third investment from its debut fund. The startup, run by Delhi-based Gadgetwood Eservices Pvt. Ltd, will use the ca...

22 September, 2016 | More »

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Exclusive: Housing.com CMO quits to join Intuit India

Housing.com’s chief marketing officer (CMO), Nikhil Rungta has quit the Mumbai-based startup to join Intuit India as its managing director. Rungta had joined housing.com, run by Locon Solutions Pvt. Ltd., from Reliance Jio in November last year. Rungta has previously worked at Google, Yebhi.co...

22 September, 2016 | More »

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Chan Zuckerberg Initiative to invest $3 bn in health research

Facebook co-founder and chief executive Mark Zuckerberg and wife Dr Priscilla Chan have pledged to invest more than $3 billion over the next ten years to develop research technology that can fight and cure diseases globally. Last year, the two had announced that they will give away 99% of Facebook s...

22 September, 2016 | More »

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