India's largest private industrial conglomerate Reliance Industries Ltd (RIL) has announced that its telecom venture Jio is the world's biggest startup with an estimated investment of INR 150,000 ($23 billion). A soft launch of Reliance Jio is expected in April 2016.
Sectors
McDonald’s Expands More New Restaurants in Asia
McDonald’s is planning to extend its fast food empire to Asia by opening additional restaurants in Hong Kong, South Korea and China. It is also seeking strategic partnership in Japan and Taiwan.
Saratoga Investment Raises Quarterly Dividend
Saratoga Investment Corporation increased its dividend by 2.5%. The company on Tuesday declared a quarterly dividend of $0.41 per share.
Turner Broadcasting Leads a $15 Million Investment in Mashable
Mashable announced on Thursday to receive a new round of investment. The Series C funding was led by Turner Broadcasting.
ICICI Bank's home finance sale on backburner
ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential private equity (PE) buyers have asked for a 20 percent discount on valuation.
Latest News
GlaxoSmithKline pledged not to file patents to make drugs more affordable to poor countries. Any GSK drugs that are included in the list of the World Health Organization's important medicines will be included automatically.
MetLife has won a legal battle against US regulators over systemically important' financial institution (SIFI) status. A Washington court has rejected Financial Stability Oversight Counsil's (FSOC) attempt to classify MetLife as SIFI.
Allowing proxy access, Yahoo Inc has revised its bylaws. It'll also enable long-time shareholders to nominate candidates at board on ballots. The new bylaws will come into force after 2016 annual general meeting (AGM) scheduled in June or July.
Quinnipiac University in cooperation with Nasdaq will hold its sixth Global Asset Management Education (G.A.M.E) in New York starting Thursday. The forum will also ring the Nasdaq closing bell.
Abu Dhabi's TAQA is cutting its capital expenditures by reducing its workforce around the globe and sells it assets to recover from its losses.
Leader of network solution for home and business introduce a new wireless solution. Linksys introduces Wireless Access Point Cluster solution to manage up to 16 access points from single control.
Dyson with its new air purifier is aiming to create fresh air within the household environment. The company's newly launched Pure Cool Link air cleaner pledges to clean up the pollutants enveloping the home atmosphere.
Multiple awards-winning actress Whoopi Goldberg announced her startup company on Wednesday. The company offer medical marijuana product to relieve menstrual pain for women.
Unity Technologies, a creator of gaming software, is reportedly in negotiations to raise funds, which could value Unity at $1.5 billion.
