Business news

Snapchat valuation reaches $20 billion with new round of funding: Report

Snapchat raises $175M in fresh funding; valuation unchanged at $16B: Report

Fidelity Investments bought Snapchat's shares at $30.72 per share in February, the Wall Street Journal reported.

Mar 4, 2016

Beaten-down BSE 500 stocks return decent gains in 3 days

While Suven Life shares posted 33 percent gains, share prices of Delta Corp, Marksans Pharma and Hathway Cable went up by 27 percent each.

Mar 4, 2016

Cancers Achilles heel: Immunotherapy breakthrough as scientists discover flag to target tumours

Researchers say they can harness a patients immune system to kill malignant tumours.

Mar 4, 2016

PepsiCo bottler to issue Rs 1,000 crore IPO: Report

The company is reportedly planning to utilise the funds raised through the IPO, to be issued in early 2017, to expand its bottling operations.

Mar 4, 2016

Amazon's second-largest global delivery centre to come up in Hyderabad

The move comes after Amazon decided to build its largest warehouse near Andhra Pradesh's capital city.

Mar 4, 2016

RBI checks finance ministry's Budget calculations

Monetary policy review around the corner, officials at RBI are poring over the Budget and redoing the fiscal math.

Mar 4, 2016

Adani Group in talks to buy Jindal Power for Rs 20,000 crore: Report

A report by The Economic Times said that Jindal group will use a major part of the deal amount to trim the debt of its steel subsidiary.

Mar 4, 2016

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Samsonite said it would fund the deal through bank financing and the transaction was expected to close in the second half of 2016.

Mar 4, 2016

Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Yahoo CFO Ken Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale.

Mar 4, 2016

HP Enterprise's revenue, profit beat estimates

Net earnings fell to $267 million, or 15 cents per share, in the first quarter ended Jan. 31, 2016.

Mar 4, 2016

Zika: Biologists develops possible mosquito-repellent clothes detergent

Researchers at the Grupo Avance laboratory in Chile have developed a substance which may be capable of repelling the Aedes aegypti mosquito and interrupting its reproductive cycle, helping to reduce the transmission of the Zika virus and dengue fever. According to reports, biochemist Mario Reyes created a compound which he says could be added to detergent in a normal clothes wash at home, and this way would protect individuals from being bitten by the mosquito.

Mar 3, 2016