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Airbus calls off talks with Bombardier on C-Series Jet project

The ongoing talks between Airbus and Bombardier have ended incomplete as the former called off discussions soon after they became public.

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Nikesh Arora

SoftBank invests $1bn in US fintech startup SoFi

Marking the first ever single major investment in financial technology (fintech) segment, SoftBank Group Corp has led an investment of $1billion in the US startup SoFi. Private equity (PE) firms such as Third Point have invested in SoFi. Both the companies are of a positive view that the Series E funding round will speed up the growth rate of SoFi. The fintech services are gaining support from customers, who're not satisfied with traditional banking services. SoFi is aiming at expanding financial offerings in the near future.

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Glencore to complete 2 deals to slash down debt

Suffering from weakening global commodities for the past one year, Glencore has informed its investors about its plans to reduce debt by $10billion. Towards this debt reduction target, Glencore is planning to conclude two deals by the end of this year or early of next year. The Anglo-Swiss multinational commodities major has been facing rough conditions in the market.

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Online lender Avant Inc raises $659mn from JPMorgan, PE firms

Chicago-based start-up lender Avant Inc has mobilized $325millions in its latest round of funding from a private equity (PE) firm General Atlantic and JPMorgan Chase & Co. Balyasny Asset Management and Tiger Global Management LLC are also investing in the round taking total fund-raising for Avant to $659mn till date. General Atlantic-led round is expected to close in October. With this fund-raising, the valuation of Avant is pegged at $1billion. The start-up firm is planning to use the mobilized funds to offer various financial products and fund its global expansion plan.

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Barrick Gold Corp buys back part of outstanding debt

As part of its debt reduction exercise, the world's largest bullion producer Barrick Gold Corp has offered to buy back some part of its outstanding debt. Despite the drop in gold prices, The Toronto-based Barrick Gold Corp has been selling assets.

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Computer users

Top Crowdfunding Sites For Entrepreneurs Looking to Make their Startups and Projects Come to Life

Donation-based and rewards-based crowdfunding are the most popular ways for entrepreneurs to bring their startups and projects to life. Entrepreneur reports that 2015 is considered as "the year of crowdfunding" with all the significant growth and rapid changes in the market. In 2012, a total of $16.2 billion was raised by companies and individuals all over the world.

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Computer users

Zscaler raises $25mn from Google Capital to close $110-mn round

Zscaler, a California-based cloud security firm, has mobilized $25million from Google Capital, an equity investment arm of Google. Adding to the oversubscribed round, the total amount raised by Zscaler reaches $110mn. The cyber security firm raised $85million in August. Zscaler was waiting for a strategic partner to close the round. Google Capital is engaged in late-stage financing activity.

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BHS secures GBP 65M loan for a 2-year turnaround lifeline

The UK-based department store chain British Home Stores (BHS) has secured a loan from Grovepoint Capital. The latest loan amount is believed to be worth GBP 65 million.

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Computer user

Disruptive technology destabilizes the economy as we enter the venture capital revolution

Analysts believe that, as we begin the age of venture capital revolution, disruptive technology draws majority of venture capitalists. But firms are becoming overwhelmed by high-tech innovations. That's the challenge venture capital is facing today.

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Craft beer maker BrewDog turns to Crowdcube for GBP25M fund raising

As part of its business expansion drive, craft beer maker BrewDog is raising funds through Crowdcube, which is UK's biggest crowdfunding platform. The Scottish BrewDog will raise GBP 25million though two crowdfunding routes by next April.

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Shafqat Islam

Newscred to go beyond content marketing with new $42M fund

Newscred announced that it had successfully raised $42 million in additional funds. The company was established in 2008, which acted as a system for readers to rate an online story or publication's credibility.

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Caparo T1

Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus

The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor Gerard Lopez. Creditors have been going after Lotus for the last several months. Its cars were almost impounded during the Belgian Grand Prix last weekend after former reserve driver Charles Pic filed a legal dispute.

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U.S. Soldiers

Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers

US Defense Secretary Ash Carter on August 8 gave $75 million to FlexTech Alliance, a consortium of giant tech and research firms, to develop an electronic device small enough for soldiers to carry.

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Uber Closing In on $1B Fundraising Campaign

Uber Technologies China is drawing near their $1 billion goal of raising funds to help support their fight against wealthier Chinese rival Didi Kuaidi Joint Co.

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Daphne Koller

Coursera raises $50M for expansion in China and India

Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.

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