Category: Business

The second largest online travel platform in India after MakeMyTrip, Yatra, has inked a Rs 100 Crore (almost $15.4 Million) venture debt (credit typically taken by companies as an alternative of offering equity) from InnoVen Capital, the venture debt arm of Temasek. This is claimed to be the largest venture loan agreement for any Indian…

With the government aiming on marketing of electric cars, Maruti Suzuki India will not hesitate in the sector and will emerge with models on the basis of user preference, as per R C Bhargava, the company chairman. The auto giant, which has almost 50% of the market share in the passenger vehicle sector of India,…

VMware, the business mobility and cloud infrastructure leader, this week declared a joint venture with HP Inc. that will include VMware Workspace ONE to HP’s DaaS (Device as a Service) tech platform. In addition to this, the firm also extended its joint venture with Google to pace up the acceptance of Chromebooks. “Workspace ONE” is…

Four US law companies have claimed that they are examining possible claims in support of Infosys sponsors. This investigation is done to verify whether the Indian firm and some of its directors and officials have dishonored federal securities policies. The development arrives a day post the IT giant, which is also ranked in the U.S.,…

Amazon.in has declared to roll out its 2nd Fulfillment Center in UP. The latest center in Lucknow is built across 50,000 Square Feet with more than 35,000 Cubic Feet of storage room. The company claimed that the move to install this center gave a number of medium and small businesses a state to leverage the…

Amazon is seeking to take into service more than 1,000 individuals, mostly software developers, in the country. The employment will largely cater to development as well as for the various departments of the company comprising Amazon.in, Amazon.com, and the devices business. It also contains Amazon Web Services (AWS), the cloud computing department of the company.…

Apple has at last stopped the production of its two well-admired music players, the iPod Shuffle and the iPod Nano. The Cupertino-based tech major verified the news in an official statement to different websites. While the two models are now discontinued, on the other hand, Apple has rolled out fresh storage versions of its current…

The European Parliament has issued an order needing big companies to report financial data and tax separately in all nations where they function. It is a measure targeted at dealing with profit shifting and tax avoidance to nations with lower taxes. The new policies are a fraction of a broader revamp of tax parameter encouraged…

BookMyShow, the online entertainment ticketing company, has obtained Burrp from Network18. Burrp is a local restaurant recommendation engine based in Mumbai. The acquirement is being performed on a basis of slouch sale by Foodfesta Wellcare, a division of Big Tree, a related company of Reliance Industries. Reliance Industries is also the Network18’s parent company. “The…

Mercado Libre Inc., the Argentine online marketplace, plans to offer loans for working capital to entrepreneurs in Mexico and Brazil in later part of the current year, extending on a program the firm rolled out in its homeland last month. Vendors using Mercado Pago payment platform and Mercado Libre will be entitled for loans as…