India seeks investments from United Arab Emirates (UAE) in oil, aviation and infrastructure segments. Abu Dhabi is also keen on developing projects in India. Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is on an official tour in India.
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GM recalls 47,300 vehicles in Canada and US due to faulty brake nut
GM is about to roll out yet another recall program, this time affecting 47300 vehicles in North America. The leading automaker has found issues with the brake nut that could lead to failure of this vital function. This is nowhere close to the first time the company called back its cars for some fix, and seems it won't be the last either.
Drug Trafficking: U.S. Officials Announced a Scheme Targeting Senior Citizens to be Deceived as Couriers
The U.S. officials warned citizens of drug traffickers’ new modus operandi. Senior citizens were targeted in the scheme that deceives them to travel with disguised drugs and meet with people overseas, unknowingly delivering the drugs. The victims were recruited via social media, cyber-begging and telemarketing fraud.
Company Partnership: Microsoft Announced Partnerships With 74 Android Device Makers
Microsoft announced that now the company has partnership with 74 Android device makers in 2015. The agreement says that the OEMs will have to pre-install Microsoft apps on their devices. Lately, Microsoft have been doing more to embrace Android with various ways.
DFJ Raises $350 Million Fund As Its 12th Fund
Draper Fisher Jurvetson (DFJ) has raised another venture capital fund. The firm raised $350 million as its twelfth fund. DFJ is interested to invest autonomous transportation, digital health, enterprise transformation, and artificial intelligence.
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Nissan has introduced the all new Armada 2017 full size SUV on Wednesday. The second generation flagship SUV completes Nissan’s transformation of its SUV and crossover lineup that started three years ago. The SUV will be available with three trim levels in both two-wheel and four-wheel drive- SV, SL and Platinum.
Zynga posted a net loss of $47 million in the fourth quarter ended December 31, 2015, compared to a net loss of $45 million in the comparable period last year. The company expects to launch new games in 2016.
Aplos, software company that build software for churches and nonprofit organizations received a $4 million in Series A funding from San Joaquin Capital. The firm believes that Aplos has untapped market and strong position to grow.
Prudential Financial has announced its fourth quarter financials of 2015 on Wednesday. Assets under management have been amounted to be $1.184 trillion on December 31, 2015. It has been compared to $1.176 trillion existed a year earlier. The quarterly earning will be communicated live for the investors at 11 am on Thursday.
The changes are part of the government's economic stimulus package, expected to boost the country's economic growth and create job openings. Indonesia's new regulations on investment would loosen current restrictions on foreign investments in various sectors, including e-commerce, retail and healthcare.
As CEO Elon Musk promised investors to bring the company to profitability in 2016, Tesla shares rose. However, investors still have concern with the company's performance as it posted another loss in Q4 2015.
Tesla reported loss in the fourth quarter of 2015 on Wednesday. The carmaker said it lost $114 million on an adjusted basis, but its share increased in after hours trading.
A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.
ARM Holdings, the chip designer will try its endeavor into automotive industry. The company planned its diversification amidst the slowdown in revenue from smartphone sector and a decline in its stock.
