Whoop, a sports performance company whose platform helps athletes and coaches understand the impact of physical strain in order to optimize training and reduce injury, has raised $25 million in a series C round of funding. The round was led by the little-known United Arab Emirates firm UAE71 Capital, with participation from a number of…
Mumbai: The Tata group is not looking to sell its telecom business in its entirety, but will retain some valuable segments within the business, said a person familiar with the company’s plans on condition of anonymity. While the group will exit mobile telephony, a business that has been under tremendous pressure with heightened competition from…
Troubled Japanese conglomerate Toshiba agreed on Wednesday to sell its prized memory business to a consortium led by Bain Capital Private Equity. Toshiba, the world’s second-largest producer of NAND memory chips, said the deal was worth about 2 trillion yen ($18 billion). The deal could potentially help Toshiba plug a hole left in its finances…
Unemployment is the topmost risk that Indian businesses face, as per new data from a survey by the World Economic Forum (WEF) which is published by partners of the Forum’s Global Risks Report, Marsh & McLennan Companies and Zurich Insurance Group. Even globally, unemployment or underemployment has been cited as the number one risk. The…
With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley today asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) has the capacity to handle 1 lakh returns per hour, which translates to 24 lakh returns in a day.…
Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter. A source familiar with the matter told Reuters that…
Online food delivery start-up Swiggy (Bundl Technologies Pvt. Ltd) is in talks to hire a new chief operating officer (COO) for its main marketplace business and is also in the process of building out a new “cloud kitchen” vertical for which it is expected to hire a new chief executive officer, according to three people…
US tech titans Apple and Dell have joined a bid to buy Toshiba’s memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said. “Last week Bain Capital made a revised offer” for Toshiba, which “brings in a broad list of…
Shares of Reliance Communications ended lower on Friday amid reports that Aircel is likely to file for bankruptcy under the Insolvency & Bankruptcy Code. The stock fell 4.87 percent lower at 20.50 level on the BSE. However, an Aircel spokeperson denied any move to file for bankruptcy under the Bankruptcy Act, the Economic Times (ET)…
Silicon Valley’s next hot startup isn’t likely to be a video chat app. Nor is it likely to be an on-demand service, like Instacart or Uber. But maybe it could be — and this isn’t a joke — a law firm. That is, at least, the ambition of Justin Kan, a serial entrepreneur who knows…