business

Apple acquires Hyderabad-based start-up, Tuplejump

Apple has acquired a Hyderabad-based machine learning start-up Tuplejump. Tuplejump helps companies to store, process and visualise big data with its unique software. Rohit Rai and Satyaprakash Buddhavarapu founded Tuplejump in 2013, have now joined Apple following the acquisition. Apple which is on a machine learning company buying spree has[Read More…]

Online platforms capture 38% smartphone sales in India, Flipkart leads

Flipkart, Amazon, Snapdeal gear up for mega war

As festive season of October is nearing e-commerce big wigs like Amazon India, Flipkart and Snapdeal are gearing up for their flagship annual sale.  Amazon India has announced that it would run its sale season from October 1 to 5 while Flipkart and Snapdeal will have launch their sales from[Read More…]

Dieselgate: VW sued for $9.2 billion in German investor lawsuits

Volkswagen faces Germany’s biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the company’s market value. About 1,400 lawsuits are currently pending at a court in Braunschweig, about 20 miles from Volkswagen’s Wolfsburg headquarters,[Read More…]

CBI arrests FTIL promoter Jignesh Shah

The Central Bureau of Investigation (CBI) has arrested Jignesh Shah, promoter of Financial Technologies India Ltd (FTIL) and MCX Stock Exchange, now known as Metropolitan Stock Exchange of India Ltd (MSEI) in a case of alleged cheating. The CBI conducted searches at nine places in Mumbai, including the residence and offices[Read More…]

ICICI Prudential Life Insurance mega IPO opens

The biggest initial public offering (IPO) in nearly six years of ICICI Prudential Life Insurance, began on Monday, with investors bidding for 4.08 lakh shares within the first 10 minutes of the bidding process. As reported by ET, the issue has 0.30% subscription against the issue size of 13.23 crore shares[Read More…]

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