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Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
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Online Investment Group That Cheated 800 Women Busted, 4 Arrested In Gurugram
With the arrest of four fraudsters, Cyber police, Gurugram has busted a gang which allegedly cheated more than 800 women by luring them to invest in a mobile application and work from home.
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Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March
Byju’s announced on Monday that it had completed payment estimated at $950 million (roughly Rs. XXX crore) for the acquisition of Aakash Educational Services. The edtech firm also revealed that it had received a majority of the $800 million (roughly Rs. XXX crore) it raised in its latest round of funding. The company recently announced it had la...
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How Amazon Is Fighting Door to Door to Beat Mukesh Ambani’s Reliance
The Supreme Court will soon decide on its bid to scuttle the $3.4 billion (roughly Rs. 24,630 crore) sale of debt-laden retailer Future Group’s assets to Amazon’s archrival Reliance. But the rivalry between Amazon’s Jeff Bezos and Reliance’s Mukesh Ambani won’t end with a verdict in the Future Group case.
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Alibaba’s Ant Group Said to Consider Paytm Stake Sale Amid Tensions With India
Chinese fintech giant Ant Group is considering selling its 30 percent stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive landscape.
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Amazon Faces New Antitrust Challenge From Indian Online Sellers, Legal Documents Show
A group of over 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the US company favours some retailers whose online discounts drive independent vendors out of business.
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UK Competition Regulator to Dig Deeper Into Amazon-Deliveroo Deal
Britain's competition regulator has decided to deepen its investigation into Amazon.com’s purchase of a stake in online food delivery group Deliveroo.
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Amazon Deliveroo Investment Put on Hold by UK Regulator
Britain's competition regulator has stepped in to pause Amazon's investment in online food delivery group Deliveroo while it considers launching a full investigation.
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Walmart Go Back! Indian Trader, Farmer Groups Decry Flipkart Deal
A day after US retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling for the deal to be scrapped.
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SoftBank CEO Says Interested in Investing in Uber, Lyft
SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber and Lyft but had not made a decision.
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Despite Snapdeal Setback, SoftBank May Invest $2 Billion In Flipkart: Report
That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in Flipkart - but it was scuppered on Monday, in the face of opposition from Snapdeal's founders, Kunal Bahl and Rohit Bansal.
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Amazon's Grocery Push Playing Catch Up With Chinese E-Commerce Giants
China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.
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Uttarakhand Second State in the Country to Have PMG Portal
Uttarakhand has become the second state after Odisha to have its own Project Monitoring Group (PMG) portal which is likely to boost investments in the state by paving the way for online clearance of projects.
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eBay-led group invests another $133.7 million in India's Snapdeal
After this round of funding, the total investments raised so far by the homegrown online marketplace rose to over $235 million.
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Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
-
Online Investment Group That Cheated 800 Women Busted, 4 Arrested In Gurugram
With the arrest of four fraudsters, Cyber police, Gurugram has busted a gang which allegedly cheated more than 800 women by luring them to invest in a mobile application and work from home.
-
Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March
Byju’s announced on Monday that it had completed payment estimated at $950 million (roughly Rs. XXX crore) for the acquisition of Aakash Educational Services. The edtech firm also revealed that it had received a majority of the $800 million (roughly Rs. XXX crore) it raised in its latest round of funding. The company recently announced it had la...
-
How Amazon Is Fighting Door to Door to Beat Mukesh Ambani’s Reliance
The Supreme Court will soon decide on its bid to scuttle the $3.4 billion (roughly Rs. 24,630 crore) sale of debt-laden retailer Future Group’s assets to Amazon’s archrival Reliance. But the rivalry between Amazon’s Jeff Bezos and Reliance’s Mukesh Ambani won’t end with a verdict in the Future Group case.
-
Alibaba’s Ant Group Said to Consider Paytm Stake Sale Amid Tensions With India
Chinese fintech giant Ant Group is considering selling its 30 percent stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbours and a toughening competitive landscape.
-
Amazon Faces New Antitrust Challenge From Indian Online Sellers, Legal Documents Show
A group of over 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the US company favours some retailers whose online discounts drive independent vendors out of business.
-
UK Competition Regulator to Dig Deeper Into Amazon-Deliveroo Deal
Britain's competition regulator has decided to deepen its investigation into Amazon.com’s purchase of a stake in online food delivery group Deliveroo.
-
Amazon Deliveroo Investment Put on Hold by UK Regulator
Britain's competition regulator has stepped in to pause Amazon's investment in online food delivery group Deliveroo while it considers launching a full investigation.
-
Walmart Go Back! Indian Trader, Farmer Groups Decry Flipkart Deal
A day after US retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling for the deal to be scrapped.
-
SoftBank CEO Says Interested in Investing in Uber, Lyft
SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber and Lyft but had not made a decision.
-
Despite Snapdeal Setback, SoftBank May Invest $2 Billion In Flipkart: Report
That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in Flipkart - but it was scuppered on Monday, in the face of opposition from Snapdeal's founders, Kunal Bahl and Rohit Bansal.
-
Amazon's Grocery Push Playing Catch Up With Chinese E-Commerce Giants
China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.
-
Uttarakhand Second State in the Country to Have PMG Portal
Uttarakhand has become the second state after Odisha to have its own Project Monitoring Group (PMG) portal which is likely to boost investments in the state by paving the way for online clearance of projects.
-
eBay-led group invests another $133.7 million in India's Snapdeal
After this round of funding, the total investments raised so far by the homegrown online marketplace rose to over $235 million.
