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U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit

Goldman Sachs-backed CompareAsiaGroup gets new CEO Sam Allen

Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.

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Key Speakers at the WEF India Economic Summit

$23-bln investment makes Reliance Jio the world's largest startup

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.

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Yahoo Said to Propose Job Cuts as Part of Mayer's Revival Plan

Yahoo revises bylaws allowing proxy access

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.

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General Economy As China Eases Fiscal Stance to Meet Slower Growth Target for 2016

China's consumers spending rise on spas, travel, entertainment

Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.

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Facebook CEO Mark Zuckerberg At IIT Delhi

Facebook sees growth in Asia despite India's ban on Free Basics

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

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Optimizely Inc. CEO Dan Siroker Interview

Cloud-based startup Optimizely to lay off 10% staff

Optimizely, a San Francisco-based cloud-based startup, is slashing its workforce by 10 percent across all the departments. Based on recent round of finance, Otpimizely was valued at $585 million. Since its inception in 2009, Optimizely has raised over $146 million investments including $58 million round in 2015.

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INDIA-ECONOMY-TECHNOLOGY-BUSINESS-INVESTMENT

Silicon Valley on India: Striking The Iron While It's Hot

There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.

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Changing Tech in Payment and Shopping

Blippar Raises $55 Million to Broaden and Develop Its Augmented Reality

Blippar has a total funding of $55 million in Series D including those from its present investors which CEO and founder Ambarish Mitra called as investors with 'long-term vision'. The said fund will be used to 'power the future of visual discovery'.

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Startup Entrepreneurs At Jerusalem Venture Partners Tech Hub

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

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Aibus Group Announces Financial Results For 2015 In London

A350 Increased Sales Boost Airbus Earnings to 1.6%, Equalled A380

Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.

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Google Inc.'s Senior Vice President Of Android, Chrome And Apps Sundar Pichai Launches The Android One Platform

Indian app-makers woo VC funding as smartphone sales soar

Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.

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Celebrity Sightings in New York City -   February 16, 2016

Time Inc. Joins the Bandwagon of Yahoo's Potential Buyers

Time Inc. which owns Sports Illustrated and People magazine to name a few, expressed its interest in buying Yahoo. It said that it is interested too in Yahoo's core business which reaches more than 1 billion users across the globe aside from taking into consideration the Reverse Morris Trust. The magazine company will vie with other giant companies including Verizon and AT&T. core business

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Bombardier Readies CSeries As Business Jet Forecast Improves

GuestLogix begins sale, investment process

Canadian company GuestLogix Inc has received court approval for implementing sale and investment solicitation process (SISP). Canaccord Gunuity Corp will be financial advisor to the company under the SISP. The bidding process is being executed in a phased manner.

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U.S. Stocks Track Chinese Rebound as Oil Slips Amid Output Deal

Broadridge picks stake in AMA Partners

NYSE-listed Broadridge Financial Solutions has invested in AMA Partners, BV (AMA). By taking minority stake in AMA Partners, Broadridge will expand its corporate governance solution in Europe.

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Currency

BDC Capital rolls out C$150-mln IT Venture Fund II

BDC Capital, a subsidiary of Business Development Bank of Canada, has launched IT Venture Fund II with corpus of C$150 million. With an objective of bridging gap in the mid-stage funding, the new fund will support new generation of IT entrepreneurs in Canada.

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