Securities and Exchange Board of India (SEBI), the Indian stock markets regulator, has imposed a heavy fine of $1.1 billion (INR 72.7bn) on New Delhi-based real estate firm PACL Ltd for illegally raising funds to the tune of INR491 bn from the market. Sebi has further directed PACL Ltd to cough up the fine amount within 45 days from the order date. The fine amount is the biggest penalty so far that SEBI imposed on any company.
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Zscaler raises $25mn from Google Capital to close $110-mn round
Zscaler, a California-based cloud security firm, has mobilized $25million from Google Capital, an equity investment arm of Google. Adding to the oversubscribed round, the total amount raised by Zscaler reaches $110mn. The cyber security firm raised $85million in August. Zscaler was waiting for a strategic partner to close the round. Google Capital is engaged in late-stage financing activity.
"Kong: Skull Island" Update: Universal Studios Reason Behind Passing Up King Kong Revealed; Tom Hiddleston Gave Hints About His Role
The reason why Universal Studios walked away from "Kong: Skull Island" is revealed. The King Kong movie is now in the hands of Warner Bros. The lead actor of the movie, Tom Hiddleston, gave fans a little idea on what his role will be like.
"John Wick 2" Update: Keanu Reeves Is Coming Back As The Assassin
The 2014 blockbuster hit is "John Wick" is coming back to the big screen. Keanu Reeves is coming back to reprise his titular role with Chad Stahelski, and David Leitch directing.
Facebook to Make Money from Messenger
Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.
Latest News
German automaker Volkswagen Group is under scrutiny after it was found by the U.S Clean Air Group that some of its cars did not pass the standard emission test. The test conducted by Peter Mock and John German revealed another scandal - the use of "defeat device" software in its cars.
Since Apple made it easier for developers to create ad blockers, blocker apps gained revenue in the App Store. Reports said this is an absolute danger for Google and web publishers. In June, The Next Web reported Apple Inc. has provided tools for developers to create apps that block web ads. The tools are exclusively only for iOS9's default browser Safari.
The Office of Personnel Management today said that some 5.6 million fingerprints were stolen by the hacker and not 1.1 million like it was previously reported. The new data came after the agency had conducted further investigation together with the Department of Defense.
ABC’s revival of "The Muppets" did not receive positive reviews after airing its pilot episode last Monday. Albeit the strong performance in ratings, the negative criticisms could signal a bigger problem that may force the network to pull out the Bill Prady-produced series.
Cara Delevingne recently went on a twitter rant after being hounded with paparazzi in Milan. However, despite the huge rant, Cara then decided to take to instagram to share a half naked photo of herself taken by fellow friend and model, Kate Ross.
Sixth installment of George R.R. Martin's book series release date has been revealed by an editor. The show "Game of Thrones" which is based on the book series is also up for its sixth season, with little revelations of its synopsis.
Plans for setting up a Boeing factory in China has been submitted to the Beijing Government. It was reported Tuesday by the state-run media ahead of President Xi Jinping's U.S. visit, where he will tour one of its plants.
“Knock Knock” features Keanu Reeves as a supposed devoted husband and father but when temptation knocks at his door in the form of two young women, everything turns south. Speculations are starting to put a clamp on Eli Roth’s films as being less interesting and outright forgettable.
Lee Daniel maliciously accused Sean Penn of physically abusing women during an interview where he discussed Terrence Howard's domestic violence issue. Penn filed a $10 million defamation lawsuit against Daniels.
