Despite economy growth rate of over seven percent, the Indian stock markets are suffering from the selloff by foreign investors. The domestic stock markets may enter bear territory soon after the fall in Shanghai and Tokyo markets. The cash-strapped foreign investors are offloading in Indian stocks since November 2015. On the other hand, Asian stocks gaining momentum following the marginal rebound in oil price.

The stockpiles levels in China, the biggest commodity consumer, are impacting copper prices in the global markets. Copper price is hovering at $4,400 per metric ton and is moving in consolidation phase. Chinese smelters may cut down output and stop increasing capacities this year.

FiveStars, one of the most popular business startups, has raised $50 million funding from Series C round to expand its business across the US. With its innovative customer management tools, every customer is being identified with a number. So all the customers are new here and receive VIP treatment during every visit. Despite charging with a quite higher monthly fee in a competitive market, its clients feel like getting more than they spend.

cloudControl, German owning entity of dotCloud, has filed for bankruptcy this week. To facilitate operation for the European brand, it has decided to shut down the operation of dotCloud. The PaaS has sent mails to its users regretting its failure to continue service and expresses gratitude for keeping trust on the brand. The startup that has once independently backed Silicon Valley’s prominent startup, Y Combinator, is going to end its path on February 29.

The store who designed and manufactured the shirt keeps getting surge of orders. El Chapo, the drug lord captured last Friday, was shown wearing that shirt on a photograph with actor Sean Penn.

Hinrich J. Woebcken, a former BMW executive, has been appointed by emission scandal-hit Volkswagen to oversee business operations in the US, Canada and Mexico. Woebcken will assume charge from 1 April 2016. Audi and Porsche brand don't come under Woebcken's area of operations. However, Volkswagen has retained Michael Horn as CEO of Volkswagen Group America Inc. The emission-scandal hit Volkswagen has been facing regulatory investigations in the US.

The falling oil price below $30 per barrel is impacting Canadian economy, which mostly depends upon commodities. Along with oil price, Canadian currency Loonie too declined against the US dollar. The weaker Loonie has eroded the purchasing power of Canada and is making imports costlier. Canada imports vegetables from the US. The surging US dollar made vegetables prices expensive by three folds for Canadian consumers.

Royal Dutch Shell is slashing the headcount as part of the cost cutting exercise. Anglo-Dutch company has decided to cut down 10,000 jobs in the wake of continuous drop in oil prices. The global energy major aims at reduction of costs by $3 billion in 2016 and it already reduced operating costs by $4 billion in 2015. Shell is also banking on synergy advantages from the BG Group Plc merger, which is expected to be completed in few weeks.

JP Morgan’s CEO James Dimon received $27 million in total compensation, of which the majority was in performance-based restricted stock and the rest as cash bonus and salary. This structure has been mainly designed to appease the shareholders who had frowned upon the fact that the CEO’s pay does not depend on his performance.

Leading risk management software developer, Prevalent Inc. received its first Series B funding last week. Led by Spring Mountain Capital Invest, joined by its existing investor, Fulcrum Equity Partners.