Archives
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NEWS 
April 10, 2016 Red Faces, Raised Voices Over Late Hitch in Foxconn’s Sharp Deal
A late hitch to Foxconn’s takeover of Japan’s struggling Sharp Corp brought simmering distrust between the two close to boiling point, people with direct knowledge of the matter said. The two companies have eyed each other warily since Foxconn founder and billionaire Terry Gou pulled out of a planned capital tie-up and strategic partnership with […]
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NEWS 
April 1, 2016 Essar Steel says ‘worst times’ over, March a turnaround quarter
A file photo of Essar Steel’s Hazira facility. Hazira (Gujarat): Contrary to market perceptions over its financial and operational performance, Essar Steel India feels its “worst times” are over and is on its way to post a turnaround in the March quarter. Optimistic of its financial situation, the Mumbai-based company said it has already paid […]
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NEWS 
March 30, 2016 Samsung Pay launches in China; Myntra to take over Forever 21’s retail chain
Photo: Priyanka Parashar/Mint What the world is talking about China’s top three web browsers made user data vulnerable, says report China’s top three Web browsers collected and transmitted data in insecure ways, making hundreds of millions of users’ personal information vulnerable to unauthorized access, according to a report by a Canada-based human rights research group. […]
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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 […]
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ALL DEALS 
March 17, 2016 Amazon Web Services Says Over 1,000 Databases Moved to Cloud Since January 1
Amazon.com’s cloud business, Amazon Web Services, said that more than 1,000 databases have been moved to the AWS cloud by customers since the beginning of the year. The AWS Data Migration Service, which allows migration of databases such as Oracle, SQL Server, MySQL, MariaDB and PostgreSQL from on-premises data centres to AWS, is now available […]
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NEWS 
March 16, 2016 Foodpanda fires over 500 employees, will stop own delivery in six cities
In 2014-15, Foodpanda recorded a loss of Rs36 crore, on a revenue of Rs4.8 crore. Photo: Ramesh Pathania/Mint Mumbai: Online food ordering start-up Foodpanda India has laid off close to 500 employees, according to two people aware of the development. The layoffs ordered on Monday covered all business segments—sales, marketing, vendor service, customer delight, business […]
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ALL DEALS 
March 16, 2016 Apple, Google to Face EU Lawmakers Over Tax Deals
Apple, Google, McDonald’s and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally. The hearing, organised by the European Parliament’s tax committee, follows a similar event in November last year when Anheuser-Busch InBev, HSBC, Google and […]
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NEWS 
March 9, 2016 Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app
Photo: iStock What to watch out for • Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding. • Amazon’s localization of mobile tech boosts demand for its app. • Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest […]
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ALL DEALS 
March 2, 2016 Flipkart sees 400% increase in sale of household items over weekend
The company launched home items last January and now claims to sell “a substantial part” of all home products sold online. Photo: Hemant Mishra/Mint Bengaluru: India’s largest e-commerce company Flipkart Ltd said it reported a 400% increase in daily unit sales of household items such as towels, bulbs and small appliances as well as furniture […]
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CLOTHING 
February 25, 2016 Amazon has quietly launched its own clothing lines, as it tries to take over fashion retail
Already in the midst of a massive growth spurt, Amazon is looking to fashion to keep fueling its expansion. For months there have been clues that the e-commerce giant was developing its own in-house clothing brands, and just last week, job postings from the company (paywall) hinted it was actively moving toward a launch. But […]
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ALL DEALS 
February 25, 2016 Sassy Woman or Machine? Tech Giants Divided Over Digital Assistants
When users ask Siri, Apple’s digital assistant, what she likes to drink, she is quick with an answer. “I have a thirst for knowledge,” she responds. Her counterpart at Microsoft, Cortana, opts for a very, very dry martini. But M, the digital assistant Facebook is testing, deflects the question. “I don’t have an opinion about […]
