NEWS 
April 1, 2016 Mitsui sees first loss since 1947 amid $2 billion writedown
Impairment charges on mining and energy projects from South America to Australia levied a heavy toll on the books of the Tokyo-based trading house. Photo: Reuters Tokyo: Mitsui & Co., Japan’s second biggest trading house, forecast its first net loss since it was founded in its modern form in 1947 due to impairment charges on […]
NEWS April 1, 2016 Accenture raises revenue forecast after strong second quarter
A file photo of the Accenture stand at the Mobile World Congress in Barcelona. Accenture has been investing heavily to boost its digital business. Photo: Reuters Bengaluru: Accenture Plc raised its full-year net revenue forecast well above analysts’ expectations and reported better-than-expected quarterly revenue and profit, led by strong growth in its consulting business, especially […]
NEWS April 1, 2016 The $2.6 billion buying binge that felled SunEdison
SunEdison is the only US-based developer inching toward bankruptcy protection. Photo: New York: Just nine months ago, SunEdison Inc. was Wall Street’s favourite clean-energy company. It sopped up every dollar it could come by to finance a breathtaking buying binge of wind and solar farms, and in the process became the world’s largest renewable-energy company. […]
ALL DEALS April 1, 2016 Serious academic research and high teaching quality is our winning proposition: Ilian Mihov
Ilian Mihov. New Delhi: In January, when the Financial Times released its annual Global MBA Rankings, a business school with a one-year MBA programme made it to the top of the list. INSEAD, with campuses in Fontainebleau (near Paris), Singapore and Abu Dhabi topped the 2016 rankings, dislodging the previous year’s leader Harvard Business School. […]
ALL DEALS April 1, 2016 Delivery start-ups explore additional income streams
Hyperlocal delivery start-ups, including food-tech and logistics companies, together garnered $270 million in funding in 2015, but the sector has also seen a massive correction in the form of closure. Photo: Ramesh Pathania/Mint With investors turning increasingly cautious, hyperlocal delivery start-ups are exploring additional revenue streams such as advertisements and promotions to try and mitigate […]
ALL DEALS April 1, 2016 Start-up deals of the day
True Balance is a mobile app that keeps users updated about their prepaid mobile account. Photo: Softbank Ventures Korea invests in True Balance New Delhi: SoftBank Ventures Korea, the venture capital arm of Japan’s SoftBank, has invested an undisclosed amount in True Balance, a mobile app that keeps users updated about their prepaid mobile account, […]
NEWS April 1, 2016 How CarDekho is planning to redefine car ownership business
Anurag Jain, chief operating officer of CarDekho, says he expects the automobile portal to become a unicorn by 2017. New Delhi: Brothers Amit and Anurag Jain, founders of the automobile portal CarDekho.com, went from stall to stall at the Delhi Auto Expo in 2008, patiently collecting all the brochures they could lay their hands on. […]
NEWS April 1, 2016 New rules, 100% FDI in e-commerce give short shrift to consumers
Photo: iStockphoto New Delhi: The government on Tuesday allowed 100% foreign direct investment (FDI) in marketplace e-commerce companies. While this may bring regulatory clarity to the existing and future online retail sellers in the country, it may hamper consumer interest on several accounts. First, the government has now prohibited any discounts to consumers by e-commerce […]
NEWS April 1, 2016 E-commerce firms will have to restructure businesses
Fashion retailers such as Flipkart’s Myntra are moving to a marketplace model, but currently depend on one seller for most sales. Photo: Bloomberg New Delhi/Bengaluru: A day after the government approved foreign direct investment (FDI) with riders in online marketplaces, law experts said many e-commerce companies will have to rework their already complex corporate structures, […]
NEWS April 1, 2016 Fidelity marks down start-ups; e-commerce firms to restructure businesses
Photo: Priyanka Parashar/Mint What to watch out for New online marketplace rules fail to halt discounts, for now If you were worried that the new government rules for Internet companies will mean the end of eye-popping discounts on popular online marketplaces, breathe easy, at least for now. E-commerce firms will have to restructure businesses A […]
ALL DEALS April 1, 2016 Portea acquires Health Mantra
The acquisition of Health Mantra is Portea’s third attempt to expand its offerings in the home healthcare segment via acquisitions and strategic investments in the last six months. Bengaluru: Home healthcare service provider Portea Medical, run by Health Vista India Pvt. Ltd on Thursday said it has acquired medical equipment service provider Health Mantra India […]
ALL DEALS April 1, 2016 Transcell Biologics raises funds from Indian Angel Network
Transcell Biologics was started in 2009 by Dr. Subhadra Dravida who has 16 years of experience in stem cell research. New Delhi: Indian Angel Network (IAN), a network of angel investors who invest in early-stage businesses, has invested an undisclosed amount in Hyderabad-based healthcare start-up Transcell Biologics in a round led by angel investor Sanjay […]
