Global technology groups Tencent, eBay and Microsoft have injected $14bn into Indian e-commerce group Flipkart to face a battle with Amazon. The fundraising comes ahead of proposed deal for Flipkart to take over its biggest domestic rival Snapdeal, a plan backed by Japan’s Softbank, Snapdeal’s biggest investor. Forrester Research, which predicted that Indian e-commerce sales…
The World’s largest precious metal producer, Barrick Gold, has agreed to sell a 50 per cent stake in one of its biggest mines to a state-backed Chinese company as part of a wider deal, for tapping material wealth elsewhere in South America. Shandong Gold will pay $1bn for half of the Veladero mine…
Scientists say they have discovered an atmosphere 39 light years away, around an Earth-like planet GJ 1132b, 1.4 times the size of our planet for the first time. In their hunt for life beyond our solar system, the study published in the Astronomical Journal suggest that the super-Earth is surrounded by a thick layer of…
A oval shaped 59.6 carat flawless Pink Star diamond has been sold in Hong Kong for £57m ( $71m), setting a new world record for any gemstone at auction. The largest polished diamond in its class wen under the hammer, in the past it sold for $83m in Geneva in 2013, but the buyer defaulted.…
Shares in Imagination Technology, a British Tech firm, plunged by 62 per cent, 103p, and its market capitalisation fell from £745m to £290m, after their largest customer Apple said it will no longer use its products. This is what we call a black swan movement for the company and investors in Imagination as there were…
Tesco merged with cash and carry wholesale supplier Booker in a £3.7bn in a deal or 205.3p per share, it claims will create UK’s leading food business and the deal means Tesco can boast 5,400 stores and 2, 900 small shops, including Tesco Express, Metro and One Stop Brands and will save £200m a year…
Behold the entrepreneur, he is the crakerjack, a modern day enigma, Amol Yadav (41), an ex-pilot of Jet Airways in India, assembled a six-seater aircraft on the terrace of his three-bedroom flat in Charkop, Kandivali West, Mumbai India, has been given a window of opportunity to display his creation at the Make in India…
Britain triggered Article 50, “an historic moment from which there can be no turning back” Theresa May has aid about departure from the EU. “ I choose to believe in Britain and that our best days lie ahead” Prime Minister Theresa May said speaking after Britain’s EU ambassador formally triggered the two year exit process…
Apple has launched Clips, a new free app for adding filters and special effects to photos and videos in iPhones and iPads and could become a major player in the emerging augmented reality (AR). Clips is a simple editing tool like Snapchat’s selfie lenses and Instagram’s Prisma, which can manipulate photos and videos incorporating music from…
Chuck Berry died aged 90, was the man who defied Rock’n’Roll and it’s first guitar poet, who helped to define the music, by fusing distinctive lyrics with tunes specially made for 19503 US teen consumerism. Born Charles Edward Anderson Berry on Oct 18, 1926, in St. Louis, he grew up in a middle-class neighbourhood there.…