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SoftBank, Saudi sovereign fund plan robotic initiative
Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used ......
People
Ibibo Group founder and MakeMyTrip president Ashish Kashyap resigns
Online travel services provider MakeMyTrip Ltd’s president Ashish Kashyap has resigned from the company, the Nasdaq-listed firm said on Wednesday.Kashyap’s ......
TMT
Can Alibaba help Zomato take on rivals?
Online food ordering and restaurant discovery firm Zomato is reportedly in talks to raise up to $200 million from Alibaba. ......
TMT
Star India injects $192 mn into digital content arm
Star India, a media company backed by Twenty-First Century Fox, has injected 12.33 billion rupees ($192.04 million) into its digital ......
Finance
SEBI suggests ‘calibrated system' to manage foreign inflows
A senior official at India’s capital markets regulator warned on Wednesday about the impact of “huge” foreign investments on the ......
TMT
Facebook ad reach figures exceed US census data: Analyst
Figures Facebook Inc gives advertisers about its potential reach differ from U.S. census data, an investment analyst said on Tuesday, ......
People
IIFL Asset Management chief Prashasta Seth joins Uniphore board
Prashasta Seth, chief executive of IIFL Asset Management Company, has joined the board of directors at speech-recognition startup Uniphore Software ......
TMT
Facebook testing features to monetise WhatsApp
Facebook Inc is gearing up to make money from WhatsApp, the messaging service used by more than a billion people ......
Finance
Govt freezes bank accounts of over 2 lakh suspected shell companies
India has frozen the bank accounts of 209,032 suspected shell companies as part of a crackdown on illegal transactions and ......
People
Phoenix Legal hires former Seth Dua & Associates partner Vasanth Rajasekaran
Vasanth Rajasekaran, former equity partner of Seth Dua & Associates, is joining mid-sized full-service law firm Phoenix Legal as partner.Two ......
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