The weakening Rupee against the US dollar and downfall on financial markets are not exceptional. The Indian currency is doing well as it's strengthening against other global currencies. Indian markets tumbled on Thursday as key indices Sensex and Nifty fell over three percent led by banking stocks.
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An Analyst Argued that Stock Market Volatility Does Not Disturb Middle Class American
Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.
GPS Technology Specialist Garmin Acquires DeLorme
GPS technology company Garmin announced its acquisition of DeLorme on Thursday. DeLorme is well-known for its maps and satellite communication devices, and after the acquisition, it will serve as R&D center for Garmin.
Silicon Valley Startup Actev Motors Launch a Smart Go Kart for Kids
Actev Motors introduces its new product: Arrow Smart-Kart, go kart for kids. The go kart was designed by professional racecar drivers with today's technology embedded in the Smart-Kart.
Slack Messaging Has Advantages Over Facebook, Said CEO Stewart Butterfield
Slack Technologies co-founder Stewart Butterfield is confident that the company's technology has advantages over other messengers. It is because Slack provides a team communication app to improve teamwork.
Latest News
Two prominent investors in Lyft Inc sold some shares to Saudi Arabia's Prince Al-Waleed bin Talal for $148 million. The latest deal puts Lyft's valuation at $5.5 billion from $275 million in May 2013.
Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.
Three out of five Aussies considers emoji as the universal language for messaging. OPPO Mobile Australia has released Aussie Emoji Keyboard reflecting the spirit of Aussie culture. Primarily the keyboard features more than 40 Australian themed emojis and available only for the Android users for free in the Google Play Store.
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.
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.
The oil price drop is forcing several mining and exploration companies to reduce costs and investments. As a result, the investment in US mining and exploration fell 35 percent in 2015. Some mining companies have started applying for bankruptcy protection.
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.
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.
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.
