When it comes to cloud computing, Google is in a very unfamiliar position: seriously behind. Google is chasing Amazon and Microsoft for control of the next generation of business technology, in enormous cloud-computing data centers. Cloud systems are cheap and flexible, and companies are quickly …
Companies, Finance & Markets
Edutech firm Byju’s to raise $50 million
Bengaluru-based education technology (edutech) firm Byju’s says it is in advanced stages of talks to raise $50 million (about Rs 336 crore) in funding, which will help it expand into the US, the UK and other countries over the next few months. Byju’s says it will utilise the newly raised capital …
Uber’s bid for peace with Didi has global ramifications: Gadfly
It seems like Uber’s investors want to bring a halt to the massive Chinese cash giveaway that’s creating jobs for unemployed steel and coal workers, but not making much money for shareholders. Several institutional fund managers are pushing the US ride-hailing giant to make peace with…
Three Taiwanese companies heed ‘Make in India’ call
Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries, has announced that three Taiwanese Machine Tool companies are investing in India, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company. Post the Taiwanese Ma…
Treebo Hotels raises Rs 112 crore in new funding round
Treebo Hotels, a technology-enabled budget hotel chain, has raised Rs 112 crore in a new funding round led by Bertelsmann India Investments (BII) with participation of existing investors, SAIF Partners and Matrix Partners India. Treebo, which competes with budget hotel room aggregator OYO Rooms, …
Small biz stress dulls; good show by HDFC Bank, Kotak
Two leading private banks – HDFC Bank and Kotak Mahindra – kicked off the earnings season with decent profits, but with a marginal increase in bad loans too. The results of these banks, which are considered among the best lenders in terms of asset quality, are seen as a pointer to ris…
IPOs on SME bourse too on a hot streak
The spectacular revival in the primary markets in the last few months is not limited to large IPOs such as Quess Corp or Mahanagar Gas. Public share sales of smaller companies on the dedicated SME boards of stock exchanges, too, have been on a hot streak. All 13 companies that have listed on the …
FICCI calls for FTAs with EU and UK
The Federation of Indian Chambers of Commerce and Industry (FICCI) has called for restarting of negotiations for India’s Free Trade Agreements (FTA) with the UK and the European Union (EU), citing the growing importance of the Indian economy to the world. “India today is a very strong and i…
Shopclues rolls out bidding platform AdZone
Online marketplace ShopClues on July 20 rolled out AdZone, a bidding platform for merchants to promote products using native and custom ads on it. This is expected to impact the company’s bottom line significantly and contribute to 35% of the overall revenue for the company, officials said. The s…
Next big thing in e-commerce, online grocery start-ups in India struggle
Once seen as the next big thing in online commerce, the euphoria surrounding e-grocery companies seem to have whittled. Online grocery start-ups such as LocalBanya, PepperTap and AAGAAR.com have already shut shop while Grofers continues to struggle to stay afloat, all of which point that the busi…