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Alibaba buys 14% stake in China courier firm in $693M deal

Alibaba Group will take a 14% stake in STO Express through a $693 million deal, the e-commerce giant's fourth significant investment in a Chinese courier company. Shares in...

Hyundai in talks with Ola to invest $300 Mn

Following its investment in Grab four months ago, Korean automotive firm Hyundai is in talks with Ola to invest up to $300 million, said...

IFC looks to invest $25M in former Sequoia execs’ maiden VC fund

Venture Capital firm A91 Partners, floated by former Sequoia Capital’s managing directors VT Bharadwaj, Gautam Mago and Abhay Pandey, is all set to raise...

Wipro to sell Workday, Cornerstone On Demand business to Alight

Wipro said it would sell its Workday and Cornerstone OnDemand practices, acquired through Appirio buyout, to Alight for $110 million. The Bengaluru-headquartered IT services major the divestiture agreement will result in...

OYO is in talks to acquire FreshMenu for $50-60 mn

With $1 billion in its pocket, OYO has been on an acquisition spree in 2019. After Innov8 and Keys Hotels, the company is now involved in...

Xiaomi Mi 8 Lite launched: Full Specs, Top Features, Price

Popular Chinese smartphone brand Xiaomi has launched Xiaomi Mi 9 ‘Transparent Edition’ and Mi 9 SE today at an event in China along with the Mi 9...

Traveltech startup Pickyourtrail bags $3 Mn Series A round

Bootstrapped traveltech startup Pickyourtrail has raised $3 million in its Series A round led by Zoho Corp co-founder Kumar Vembu and financial services company iThought’s founder Shyam...

Infibeam Avenues will invest Rs 250 crore to enhance fintech play

India’s first listed e-commerce entity, Infibeam Avenues is doubling down on its fintech play with an investment of Rs 250 crore to build a backend blockchain enabled fintech platform catering...

Huawei P30 and P30 Pro Details Leaked Before Anticipated Marc

Huawei has sent out a media invite for a launch in MWC 2019 on February 24. The company, however, has revealed that they are going...

LTE Download Speeds in India Are 4.5 Times Faster at Night Report Confirms

In a recent report by OpenSignal, it has been confirmed that 4G in India works faster at night. While surfing the web in the morning,...

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