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ALL DEALS 
March 25, 2016 Credit Suisse to axe 2,000 more jobs as revenue slumps
A file photo of the Credit Suisse office in Milan. This year investment banking revenues have been hit by record low interest rates. Photo: Reuters Zurich: A slump in investment banking revenues prompted Credit Suisse on Wednesday to accelerate its restructuring plan and cut a further 800 million Swiss francs ($821 million) of costs. The […]
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ALL DEALS 
March 25, 2016 RBI eases liquidity coverage ratio norms
Photo: Pradeep Gaur/Mint Mumbai: The Reserve Bank of India (RBI) gave bankers more flexibility in maintenance of liquidity coverage ratio (LCR) under Basel III by tweaking certain norms and allowing some corporate bonds to be included in the calculations. In a circular on Wednesday, RBI said banks can include corporate bonds and commercial papers for […]
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NEWS 
March 25, 2016 Ex-Flipkart duo to launch healthcare start-up, Uber-Ola battle goes to court
Photo: iStock What to watch out for Mukesh Bansal, Ankit Nagori to launch healthcare start-up The duo who left Flipkart earlier this month are teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness. Uber-Ola battle goes from the streets to court Uber has alleged that […]
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ALL DEALS 
March 25, 2016 Start-ups: Deals of the day
Photo: iStockphoto Drivojoy raises Rs4 crore from IAN, others On-demand two-wheeler repair platform Drivojoy on Wednesday said it has raised Rs.4 crore from the Indian Angel Network (IAN). Others who participated in the round include TracxnLabs, an early-stage fund run by Tracxn, a company which tracks start-ups; Shailesh Rao, vice-president, international operation, of Twitter Inc.; […]
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ALL DEALS 
March 25, 2016 Structured higher education can spur entrepreneurial ambitions: NYU study
Photo: Indranil Bhoumik/Mint Bengaluru: Structured higher education, provided the environment is conducive, can spur entrepreneurial ambitions, according to research by New York University’s Steinhardt School of Culture, Education, and Human Development. The study will be published in the May volume of the The Journal of Higher Education. While the education system is criticized for not […]
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NEWS 
March 25, 2016 Robotics start-up Endless Robotics raises $100,000 in seed funding
Endless Robotics provides a service that uses robotics to make paint spray technology effective and bring greater efficiency to construction and real estate projects. Endless Robotics Pvt. Ltd, a start-up that makes products for automating painting in the construction and real estate industries, on Wednesday said it raised $100,000 in pre-series funding from angel investors […]
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ALL DEALS 
March 25, 2016 Uber-Ola battle goes from the streets to court
Photo: Mint Bengaluru/New Delhi: The fight for market share between taxi aggregators Uber and Ola travelled from the streets to the courts on Tuesday when the former sought almost Rs. 50 crore in damages for losses it claimed to have suffered because of fraudulent practices adopted by its local rival. Ola denied the charges in […]
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NEWS 
March 23, 2016 For Google, India to be bigger market than US by next year: Pichai
Sundar Pichai, global chief executive at Goggle, the giant search engine, believes India will become a bigger marketfor the company than the US sometime in the middle of 2016. In an interaction with half a dozen journalists here on Wednesday, he said it was not only with regard to the use of Android-based phones that […]
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NEWS 
March 23, 2016 Project Loon: How Google plans to use balloons to connect India
obal search giant Google’s Project Loon to provideinternet across geographies comes across as an intriguing idea, especially as it is to be done using floating balloons. The idea caused more curiosity in India when GoogleChief Executive Sundar Pichai said in a press meet on Wednesday that his company was bringing balloon-powered internet to India. […]
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COMPUTERS 
March 23, 2016 Microsoft Surface Pro 4: A lethal combination of efficiency and style
Microsoft launched the latest version of its Surface tablets in India on Thursday. Surface Pro 4, a device combining style with computing efficiency, will be available from Rs 89,990 onwards to customers. Conceived as a tablet, it can transform into a full-fledged laptop in the blink of an eye with the help of the additional […]
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NEWS 
March 23, 2016 Zoho Corp to expand presence in domestic market
Chennai-based cloud services firm Zoho Corporation is planning to increase focus in domestic market at a time when various overseas markets are slowing down. The company, as part of its strategy, is expected to intensify its marketing and sales in India and expects to increase the contribution of domestic business to its revenue from the […]
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ELECTRONICS 
March 23, 2016 Phishing emails: IT dept sends over 100 fraud links to cyber
Taking note of the spate of phishing and cheat refund emails landing in inboxes of taxpayers, the Income Taxdepartment has referred over 100 such instances to the country’s premier cyber security agency to block thesehackers lurking in the e-world. The department is particularly worried after taxpayersrecently brought to its notice certain emails which have very […]
