Rare Enterprises, the company of ace investor Rakesh Jhunjhunwala, picked up 6.85 lakh shares of India-based liquor firm Radico Khaitan via open market in a deal valued at INR11.50 crore.
Enterprise
Yahoo in talks to acquire San Francisco enterprise app studio Tomfoolery for $16M -sources
Internet giant Yahoo is reportedly in advanced talks to purchase San Francisco, California-based enterprise app studio Tomfoolery in a deal valued at $16 million, according to different sources.
Dot-com survivor Accellion Inc launches kiteworks for secure file sharing
Accellion Inc has introduced kiteworks in a bid to make a play in the file sharing space now led by Box Inc and Dropbox Inc, The Wall Street Journal blog Venture Capital Dispatch reported.
London hedge fund takes 5.2pct stake in UBM amid chief executive search
London-based hedge fund Hengistbury Investment Partners took a 5.2% interest in events and publishing company UBM as the latter continues its search for a new chief executive.
Secret Service looking into possible data breach at Texas' Michael Stores
The US Secret Service confirmed that it is investigating a potential data security attack at Texas-based arts and crafts retail chain Michaels Stores, which alerted its customers to check credit account statements for fraudulent charges.
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Dallas, Texas-based luxury specialty department store Neiman Marcus confirmed that 1.1 million debit and credit cards could have been compromised during a malware attack from July 16 to October 30, 2013.
Boston, US-based enterprise software maker Mendix nabbed $25 million in venture capital funding led by Battery Ventures to fuel its mission to build a big business in the software industry.
Oregon, US-based vending machine technology firm VendScreen Inc has bagged $17.8 million in a funding round led by existing investors Merrickhanna Ventures and 3X5 Special Opportunity Fund.
California, US-based cloud storage services provider Dropbox raised another $250 million in new funding two years after a previous $250-million round, further lifting the company's valuation close to $10 billion.
Software giant Microsoft applied for a patent for a system that allows customers to set the rate based on the performance level of its cloud service, according to InformationWeek.
The private equity arm of London-based banking firm Standard Chartered picked up a 13% stake in Botswana-based supermarket chain Choppies Enterprises in a deal valued at $6 million.
California, US-based file hosting service Dropbox is still dealing with service interruptions for 5% of its users almost 48 hours after an outage brought down the site.
Alcatel-Lucent is in talks with interested buyers, including Unify GmbH & Co. KG, for the sale of its enterprise business, according to sources interviewed by Bloomberg.
Many large US retailers on Thursday dialed back their earnings forecasts because of steep discounts they offered during the holidays. Discounts boosted overall industry sales but hurt profits at many retail chains.
