The company has raised a total of $2.3 million. Grab had previously raised an undisclosed amount of debt financing from Aramex Ventures. Prior to that the company had raised a seed round of investment of $1 million from Oliphans Capital and Haresh Chawla.
Aircel network problem: Aircel had joined hands with Reliance Communications last year where both the companies mutually agreed to merge the business after the fierce competition offered by Reliance Jio. However, the deal could not materialise and had a fallout.
Dubbed LG K10 2018 and LG K8 2018, the new smartphones will fall in the mid-tier price segment and come with an improved set of specifications, especially the camera.
Walmart is launching a new online home shopping experience in the coming weeks that will let shoppers discover items based on their style.
The investment round, Series D, was led by Intel Capital with participation from Sequoia, BMW iVentures, NGP, Ashton Kutcher’s Sound Ventures, BRM, Gemini, Vaizra, Vintage, and newcomer Hanaco. This takes the total amount raised by Moovit to $133 million.
Search engine giant Google was the most frequently mentioned company amongst key FinTech influencers in Q4, 2017, according to the GlobalData, a leading data and analytics company.
Air India stake sale: After Civil Aviation Minister Gajapathi Raju said that no final decision has been made as yet on Air India stake sale as yet, and the government is still mulling on the buyer. The minister notes that unless the management is professionalized, chances of survival for the debt-heavy carrier are low.
Post Rs 11,400 crore scam at Punjab National Bank (PNB), Finance Ministry has raised concerns over the supervisory and inspection framework of the Reserve Bank of India (RBI). The Ministry has said that the given framework is not being properly implemented by the RBI.
Indian-American Raj Nair, executive vice president and president of Ford North America has been asked to leave the Detroit-based motor company following allegations of misconduct at work place, the company said today.
Google’s voice-activated assistant is branching out to Nest’s deluxe security camera in an expansion that may amplify the privacy concerns surrounding internet-connected microphones.
Biopharma major Biocon on Wednesday said it had received six observations from the US regulator US Food and Drug Administration (USFDA) during an inspection of its Malaysian facility.
Capillary Technologies, a cloud-based software solutions company, has raised $20 million in funding from existing investors which include Warburg Pincus and Sequoia Capital, according to a statement from the company.
The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the bids received as part of the steelmaker’s insolvency resolution process since both the bidders — ArcelorMittal and Numetal — are facing eligibility issues, sources told FE.
Also say may take grievances to DoT, PMO, imply rules disfavour ‘all but one operator’
The Supreme Court on Wednesday refused to pass any order on a public interest litigation (PIL) seeking an investigation into the role of the Punjab National Bank (PNB) top brass and deportation of billionaire jeweller Nirav Modi in the Rs 11,400-crore fraud case.
Fitbit Ionic is a smart wrist-gear with built-in GPS, heart rate monitoring, on-board music storage features and long battery life
India and Afghanistan are stepping up collaboration in technology, specially in the areas of e-governance, ICT in education and election management
Nasscom joins hands with IT ministry to reskill the country’s technology workforce
A new feature on Google’s digital payment app lets you pay your bills in seconds, not minutes
A special court here today remanded Vipul Ambani, the president (finance) of Nirav Modi’s Fire Star Diamond, and five others in CBI custody till March 5 in connection with the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB).
Godrej group chairman Adi Godrej today said the government should privatise public sector banks to ensure better management in the wake of PNB fraud case.
The government has not taken a final decision yet on how much stake in Air India it wants to sell, Civil Aviation Minister Ashok Gajapathi Raju said.
Pakistan and India will attend a groundbreaking ceremony of the Turkmenistan section of the $10 billion TAPI gas pipeline project.
The MV Lab has been set up by engineering major Siemens on a space that is 2500 sq mt big. Siemens supplied Motors & Converters, Medium Voltage and Low Voltage Switchboards and SCADA & automation systems.
The 13-digit numbering plan will be implemented from July 1, 2018 for M2M communication.
Telangana today said the consumer products division of Wipro, Wipro Consumer Care, has decided to invest Rs 220 crore for setting up a manufacturing unit in the state.
In a sign of the times, the organization that speaks for and champions India’s $167 billion IT services industry will soon get its first female head.