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Companies

Virtusa to buy 53% stake in Polaris for Rs.1,173 crore

Virtusa will purchase shares at a price of around Rs.220.73 per share. Nov 5, 2015

Layoffs create chaos among employees at TinyOwl office in Pune

Local members of political parties were also present at the TinyOwl premises. Nov 5, 2015

Microsoft ties up with Justdial, Snapdeal, Paytm for 'cloud' start-up initiative

The newly launched "Microsoft Cloud" and new devices will catalyse digital transformation. Nov 5, 2015

Facebook: 500 million watch videos daily, while 1 in every 7 checks profile

As Facebook's popularity continues to rise, mobile app fuels the company's revenue increase. Nov 5, 2015

Facebook posts strong revenue growth; average daily users rise to more than 1 billion per day

Facebook reported a 11% jump in profit for the third quarter as it witnessed a spike in revenue from ad sales. The social media giant saw revenues climb to $4.5bn (£2.9bn, €4.1bn) and claimed that its average daily users rose to more than 1 billion a day. Nov 5, 2015

Housing.com to fire 200 employees this month to reach cost cutting targets: Report

"...this time the company is laying off without solid ground," said a senior Housing executive Nov 5, 2015

Nokia: Only 45 percent of 3G capable devices have valid subscription

one in every four Indians has a capable 3G device, while 3G subscribers today are only at 100 million. Nov 5, 2015

Star Wars The Force Awakens and Frozen merchandise driving UK toy market Christmas sales

Film-related products now account for 15% of all UK toy sales. Nov 4, 2015

Standard Chartered to shut down some India operations as part of global restructuring

The bank is expected to close unprofitable branches in India. Nov 4, 2015

Man Group is our share tip of the week – 5 reasons to invest

Edmund Shing explains why you should invest in alternative investment management business Man Group. Nov 4, 2015

Body Labs receives $8 million funding to develop 3D body images

The 3D model will allow one to feature as the protagonist in video games. Nov 4, 2015

McDonald's to launch thick-patty 'signature' burgers to fight rivals

The "Signature Collection" burgers will be served in brioche-style buns and cost €4.69 Nov 4, 2015

CVC summons Wal-Mart India head in alleged bribery case

The probe will involve examination of the retailer's documents. Nov 4, 2015

Microsoft cancels unlimited OneDrive storage offer following excessive usage

Microsoft has decided to drop its unlimited OneDrive storage offer and focus on high-value productivity. Nov 4, 2015

Ultrasound hand-held device to make cleaning easy

The tool "Starstream" passes a gentle stream of water through a nozzle that generates ultrasound and bubbles. Nov 4, 2015
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