Micromax has been the popular smartphone company in India but with the introduction of other cheaper smartphones from other companies, Micromax is now struggling to keep pace with its competitors. It is now seeking partnership for expansion to produce television and tablets outside its home country.
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Valeant Pharma investing in R&D; All eyes on Q4 results
Drug maker Valeant Pharmaceuticals International Inc is facing a variety of problems. Valeant has changed its aggressive investment strategy and turned keen on research and development. Valeant is also facing Federal investigation over its pricing strategies.
Japanese regional banks up lending on auto, holiday spending
Japan's regional banks are enhancing unsecured retail lending as it offers high profit margins. Loans on mortgage and small firm borrowing are declining. Japan banks are suffering from ultra-low interest rate regime to increase revenues.
US Presidential elections, China economy setting tone for markets
Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.
Microsoft No Longer Accepts Bitcoin Payments
No more Bitcoin payments for Microsoft Windows 10 devices. Existing balance can still be used to purchase on Windows Store but cannot be refunded or added. Xbox users can still add Bitcoins to their accounts.
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Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserve.
China Banking Regulatory Commission (CBRC) has warned of risks from industrial overcapacity. CBRC has advised commercial banks and financial institutions to keep limits on lending exposure as it sees a need for setting up investment pilot projects and asset securitization to enhance cash flows.
Offering raw but pre-packed and pre-measured food ingredients and step-by-step recipes, meal-kit deliveries are getting more popular in the U.S. The country has seen an increase both in demands and the companies who offer such services.
Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.
Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.
Up to now, there are not many parenting tech companies and products available while the market is growing. Winnie and Grow Parenting, built by Fisher-Price and Shakira are among the promising apps in that sector.
Bosch is seeking to transform itself from equipment manufacturers to service providers. The company has launched its own cloud computing network and is determined to develop its Internet of Things technology and software to be better.
Product management tool provider Propel has closed $4.2 million series A investment. Cloud Apps Capital Partners participated in the A series investment round for Propel.
Taco Bell launched its $1 breakfast menu nationwide aiming to surpass McDonald's "McPick 2". Taco Bell customers can order 10 food items for a dollar each including several additions.
